A-share announcement highlights | Kweichow Moutai (600519.SH): Share repurchase completed, spent 3 billion yuan to repurchase 2.1886 million shares.

Focus Today 1. Kweichow Moutai: Repurchase Completed, Spending 3 Billion Yuan to Buy Back 2.1886 Million Shares Kweichow Moutai announced that the company has completed the repurchase of shares, buying back 2.1886 million shares, accounting for 0.17% of the total share capital of the company. The total amount spent was 3 billion yuan, with a repurchase price range of 1,252.63 yuan/share to 1,499.74 yuan/share. The repurchased shares will be used to cancel and reduce the registered capital. 2. Shannon Semiconductor Technology: Expects Significant Growth in Revenue for Haipu Storage in 2026 Shannon Semiconductor Technology stated at its performance briefing that the company has a stable partnership with SK Hynix. The company's enterprise SSD progress is smooth, and it has completed verification and cooperation with mainstream domestic computing power equipment manufacturers and has achieved scale sales. According to market views, the storage chip supply-demand gap is difficult to alleviate in the short term, and it is expected that the storage chip market will continue to maintain a high level of prosperity in Q2. Haipu Storage is the company's self-developed product brand and a key development direction. The company will continue to deepen its business strategy of "distribution + product." Haipu Storage focuses on providing domestic and customized enterprise-level storage products for the domestic leading independent computing power ecology. The enterprise-level storage localization market is broad, and currently, the storage industry is in a high period of prosperity, with overall demand exceeding supply. The company will actively seize market opportunities, continuously improve its competitiveness, and benefit from the industry's prosperity, expecting significant revenue growth for Haipu Storage in 2026. 3. Wuhu Token Sciences: Subsidiary Plans to Purchase Computing Power Servers Not Exceeding 3 Billion Yuan Wuhu Token Sciences announced that its subsidiary, Wuhu Changxin Wise Asia Technology Co., Ltd., plans to purchase servers from multiple suppliers to provide computing power services to customers. The total amount of the purchase contracts is expected not to exceed 3 billion yuan. 4. Yunnan Energy New Material: Plans to Acquire 100% Equity of Jiangsu Aisikai at a Base Purchase Price of 400 Million Yuan Yunnan Energy New Material announced that its subsidiary, Jiangsu Enjie, plans to acquire 100% equity of Jiangsu Aisikai, held by SKIET, at a base purchase price of 400 million yuan. The target company's main business is the research, development, manufacturing, sales, and technical services of lithium-ion battery separators and coating films. The target company uses wet film forming technology and currently has 8 base film production lines, with a designed annual production capacity of approximately 940 million square meters, and is equipped with 10 coating lines. This transaction can quickly supplement the company's existing production capacity, greatly shorten the self-built production capacity cycle, save project investment costs and time costs, help the company promptly take on orders for separator products, and meet downstream customer demand. 5. Jiujiang Defu Technology: Plans to Invest 3.1 Billion Yuan in Constructing a Project for the Annual Production of 50,000 Tons of High-end AI Electronic Circuit Copper Foil Jiujiang Defu Technology announced that the company plans to sign a "Investment Project Contract" with the Jiujiang Economic and Technological Development Zone Management Committee, planning to invest approximately 3.1 billion yuan (including about 2.1 billion yuan in fixed assets investment and 1 billion yuan in later operation working capital) to build a project for the annual production of 50,000 tons of high-end AI electronic circuit copper foil. The project will be implemented by the wholly-owned subsidiary Jiujiang Hupo New Materials Co., Ltd. The project will be constructed in two phases, each with an annual production capacity of 25,000 tons of copper foil. The investment still needs to be approved by the shareholders' meeting, and there are risks such as project approval, financial pressure, and capacity digestion. 6. Pharmaron Beijing: Plans to Invest 3 Billion Yuan in Constructing a Project for the Annual Production of 200 Tons of Pharmaceutical Intermediates and APIs Pharmaron Beijing announced that the company plans to build a project for the annual production of 200 tons of pharmaceutical intermediates and APIs in Shaoxing Economic and Technological Development Zone in Shaoxing, Zhejiang Province through its wholly-owned subsidiary Pharmaron Beijing (Shaoxing) New Drug Production Co., Ltd. The total investment of the project is 3 billion yuan. The project will be constructed in two phases, with the first phase expected to be put into use in 2028 and the second phase in 2030. The investment aims to expand the production capacity of high-end pharmaceutical intermediates and raw materials, enhance CDMO service capabilities, but there are risks such as changes in the industry market, project approval, and fundraising. 7. Loongson Technology Corporation: Plans to Raise Funds of Not Exceeding 2.3 Billion Yuan through Private Placement for R&D and Industrialization Projects of Information Chips Based on Xnm Process Loongson Technology Corporation announced that it plans to issue A-shares to no more than 35 specific objects, raising total funds of not exceeding 2.3 billion yuan. After deducting issuance costs, the raised funds are intended for research and development and industrialization projects of information chips based on Xnm process, key core technology research and development projects of CPUs based on Xnm process, key core technology research and development projects of general GPUs based on Xnm process, and supplementary working capital. Stock Risk Alerts 1. Huasu Holdings which has risen for 3 consecutive days: No PCB production business 2. Huasu Holdings, which has risen for 3 consecutive days: From May 21 to May 26, the second largest shareholder Xintong Wanhua reduced its holdings by a total of 10.73 million shares. 3. Beijing Transtrue Technology Inc., which has risen for 2 consecutive days: The proportion of liquid cooling and high-pressure fast charging business in the total revenue of the company is relatively low, with little short-term impact on the company's performance. 4. Better Life Commercial ChainShare, which has risen for 2 consecutive days: Completed the transformation of the operating models of 22 operating supermarket stores to the Pangdonglai model. 5. Huadian Liaoning Energy Development, which has risen for 3 consecutive days: The green hydrogen market is still in the cultivation stage, and there is uncertainty in downstream demand and product prices. Buybacks & Insider Trading 1. Beijing Dabeinong Technology Group: Plans to buy back shares worth 50-80 million yuan. 2. Union Semiconductor: Plans to buy back shares worth 60-120 million yuan. 3. Guangdong Lvtong New Energy Electric Vehicle Technology: Shareholders such as Chuyu Mingchen plan to collectively reduce their holdings by no more than 3%. 4. Jiangsu New Technology Group: Shareholders such as Jiquan Yida plan to collectively reduce their holdings by no more than 3%. 5. PNC Process Systems: Controlling shareholders and their concerted actions plan to collectively reduce their holdings by no more than 3%. 6. Beijing Dahao Technology Corp., Ltd.: Shareholder Zheng Jianjun plans to reduce his holdings by no more than 1%. 7. ST Yuncheng: The controlling shareholder plans to increase the company's holdings by no more than 2%. Major Contracts 1. Inner Mongolia First Machinery Group: Wholly-owned subsidiary signs a 532 million yuan contract to purchase railway freight cars. 2. Sichuan Qiaoyuan Gas: Wholly-owned subsidiary signs a 170 million yuan contract for the supply of industrial gases. 3. Jchx Mining Management: Signs a mining operation contract, estimated at about 111 million yuan. 4. Hefei Gocom Information Technology: Wins a 21.656 million yuan project for an electric locomotive unmanned driving system. 5. Wuxi Xinhongye Wire & Cable: Wholly-owned subsidiary wins the bid for the Haiyang Nuclear Power Project. 6. Sichuan Shudao Equipment & Technology: Wins the bid for the construction and operation of the Xinjiang Qinghua Coal-to-Gas Project Air Separation Unit Project. This article is reprinted from "Tencent Self-selected Stocks", GMT8 Editor: Xu Wenqiang.