Selected A-share Announcements | Billion-dollar giant Xiamen Tungsten(600549.SH) sudden announcement: Subsidiary is currently "basically shut down"

Focus Today 1. Xiamen Tungsten: Subsidiary Luoyang Yulu Suspends Production Due to Suspension of Molybdenum Tailings Supply by CMOC Group Limited Xiamen Tungsten announced that its subsidiary Luoyang Yulu Mining Co., Ltd. has suspended production due to the suspension of tailings supply by CMOC Group Limited. Luoyang Yulu mainly recovers tungsten from selected molybdenum tailings, with a revenue of 363 million yuan in 2025 and a net profit of 123 million yuan, accounting for 2.66% of the company's consolidated net profit. The impact of the suspension is currently unpredictable, and the company has set up a special working group to deal with it. Note: As of the closing of the day, Xiamen Tungsten's stock price was 84.90 yuan, a decrease of 0.35%, with a total market value of 134.8 billion yuan. 2. Digital China Group: Subsidiary Expected to Win Domestic Smart Token Factory Project with a Bid Price of 717 Million Yuan Digital China Group announced that its wholly-owned subsidiary, Shanghai Digital China Group Co., Ltd., is the first winning candidate for the "Domestic Smart Token Factory Project" with a bid price of 717 million yuan. The supply products for the project are Shenzhou Kunta Super Node products. This pre-winning bid represents a breakthrough for the company in the field of domestic AI smart tokens and deepens the company's strategic layout in the domestic smart token track. If the project can be successfully awarded and implemented, it is expected to have a positive impact on the company's future business performance. 3. Zhejiang Entive Smart Kitchen Appliance: Termination of 113 Million Yuan Computing Power Service Contract by Wholly-Owned Subsidiary Zhejiang Entive Smart Kitchen Appliance announced that its wholly-owned subsidiary Gansu Yisuan and Shanghai Wuwen Xinqiong signed a termination agreement for the "Computing Power Service Project Contract". The original contract amount was 113 million yuan, and the service period was five years. Due to objective changes in the business procurement entity, the two parties agreed to continue to fulfill the contract until June 30, 2026, and terminate it on July 1 after settling the fees and paying the liquidated damages. The company stated that this action will not have a significant adverse impact on its financial condition and operating results. 4. Far East Smarter Energy: Subsidiary Wins/Signs Contracts Worth Over One Billion Yuan in June, Totaling 1.734 Billion Yuan, Including Fiber Optic Orders for AIDC Worth 26.93 Million Yuan Far East Smarter Energy announced that its subsidiary won/signed contracts worth over one billion yuan in June 2026, totaling 1.734 billion yuan. Among them, national and local grid project contracts amounted to 153 million yuan, and other strategic customer contracts amounted to 1.58 billion yuan, covering multiple areas such as smart grid cables, green building cables, smart manufacturing cables, energy storage systems, and data center cables. The order for AIDC fiber optics amounted to 26.93 million yuan. The above contracts are expected to have a positive impact on the company's future business performance. 5. Yongjin Technology Group: Co-Controlling Shareholder Cao Peifeng Sentenced to Three Years Probation for Insider Trading and Disclosure of Insider Information Yongjin Technology Group announced that its co-controlling shareholder Cao Peifeng received a "Criminal Judgment" issued by the Jinhua Intermediate People's Court of Zhejiang Province. The judgment states that Cao Peifeng was sentenced to three years of imprisonment with a four-year probation period and a fine of one million yuan for the crimes of insider trading and disclosure of insider information. The illegal gains from the insider trading that Cao Peifeng has already withdrawn, totaling 549,200 yuan, were confiscated and surrendered to the national treasury. This judgment only involves Cao Peifeng personally and has no relation to the company's daily operations, business development, and financial situation, and will not have any impact on the company's daily operations, business, and financial situation. 6. Anzheng Fashion Group: Second Largest Shareholder Chen Kechuan Transfers 41.4063 Million Shares Held to Former Wife Zheng Xiuping, Corresponding Market Value of Approximately 246 Million Yuan at the Closing Price Anzheng Fashion Group announced that its shareholder Chen Kechuan and Zheng Xiuping have completed the procedures for the dissolution of their marriage and reached an agreement on property division. According to the "Divorce Agreement" signed and in effect between Chen Kechuan and Zheng Xiuping, Chen Kechuan agreed to transfer 41.4063 million shares (10.70% of the company's current total share capital) held by him to Zheng Xiuping's name. On July 1, 2026, the company received a notification from Chen Kechuan that he had received a securities transfer registration confirmation issued by China Securities Depository and Clearing Corporation Limited. The transfer of the above shares has been completed, and the relevant procedures have been completed. Note: As of March 31, Chen Kechuan ranked as the second largest shareholder of Anzheng Fashion Group, with a shareholding ratio of 10.7%. As of the closing on July 1, Anzheng Fashion Group was at 5.95 yuan/share. Based on this calculation, Zheng Xiuping's shareholding market value is estimated to be approximately 246 million yuan. 7. Focuslight Technologies Inc.: At Present, We Do Not Believe that Corning's Glass Bridge Solution Will Have a Substantially Negative Impact on the Company's CPO Business Investors asked why the company chose to license the technology for micro-lens array and vertical optical coupler related to microlithography instead of directly selling related products. Focuslight Technologies Inc. released an investor relations activity record announcement, stating that this license is not simply a technology transfer but a strategic synergy of "licensing for research and development promotion." The company's technical team will be deeply involved in joint development projects based on this technology, accelerating its own technological iteration by accessing the cutting-edge demands of top international customers in fields such as AI computing power and data centers. This will continuously improve the company's technological innovation capabilities and core competitiveness in the field of micro-nano optics. By licensing this technology to Company AH, it will effectively support the scalability of the company's edge-coupling technology route in the CPO (co-packaged optics) optical interconnect field. The company is positioned as a component supplier in the CPO industry chain and has already deepened its products in the following four major areas: 1. External laser light source (ELSFP) module: providing a one-piece collimator lens for fast and slow axes (for high-precision beam collimation of laser chips) and high-performance heat dissipation materials (using aluminum nitride ceramic substrate designed for efficient chip cooling); 2. Fiber array unit (FAU): providing ultra-high channel density V-groove arrays to meet the needs of high-density fiber optic interconnections; 3. PIC-FAU optical connection (FAU end): providing lens reflector arrays that adapt to edge coupling and grating coupling technologies; 4. PIC-FAU optical connection (PIC end): providing micro-lens arrays for efficient optical interconnects in the edge coupling technology scheme. Regarding Corning's Glass Bridge solution, we believe that it does not constitute a replacement for the company's business but more of a potential complementary or coexistent solution. In some optical-fiber PIC coupling application scenarios, such as designs that do not require light path changes or involve fewer channels, it may become an optional solution and show more as complementary rather than a complete replacement to existing solutions. According to the industry's development, the optical coupling technology route for CPO has not yet formed a unified standard, and various solutions are still in parallel development. In the future, the market space for different technological solutions will depend more on the industry maturity, customer product architecture, and actual application requirements, and it is unlikely that a single solution will completely replace others. Overall, we believe that the continuous emergence of new technologies and solutions reflects the ongoing innovation and rapid development of the CPO industry. The company has already implemented product layout in several key areas of CPO, which can benefit from the development of the entire industry. Therefore, at the moment, we do not believe that Corning's Glass Bridge solution will have a substantively negative impact on the company's CPO business. 8. ShenZhen Longtu Photomask: Cooperation with Advanced Encapsulation Customers Such as Tianshui Huatian Technology, TongFu Microelectronics, and Others is Still in the Pre-Ramp Stage ShenZhen Longtu Photomask announced that recently, the company mentioned its cooperation with companies such as Tianshui Huatian Technology, TongFu Microelectronics, and Corning in investor research activities, which led to some media and investor interpretation, causing a certain amount of dissemination in the secondary market. To avoid misleading the market, the company would like to clarify the related issues. In the investor research summary disclosed on June 30, 2026, the company had already stated that advanced packaging currently demands higher requirements for pattern density, stacking structure, and interface accuracy, with increased RDL layers, finer line widths, and the introduction of more TSV/HybridBonding alignment and patterning steps, all of which require mask involvement, making it an important long-term increment direction for the company. However, it needs to be specifically pointed out to investors that compared to semiconductor IC masks, advanced packaging masks usually have line width requirements in the micrometer or sub-micrometer range, with generally fewer layers and less complexity than semiconductor ICs. The technology node and unit price level of advanced packaging masks are generally lower than the company's semiconductor IC mask product line, making a relatively limited contribution to the company's performance. As of now, the cooperation with the aforementioned companies such as Tianshui Huatian Technology, TongFu Microelectronics, and Corning is still in the pre-ramp small batch stage. The sales amount from Tianshui Huatian Technology accounts for a low percentage of the company's operating income. Overall, the contribution of encapsulated products to the company's revenue is relatively low, and its impact on the company's performance is limited. Stock Movement Risk Alerts 1. Luxin Venture Capital Group: Controlling Shareholder Reduced Shares by 1.391 Million on July 1, with the Reduction Plan Now Completed 2. GalaxyCore Inc.: Development of 200 Million Pixel Products Progressing Smoothly with Preliminary Cooperation Intentions Reached with Some Customers, But No Client Product Shipments Formed Yet 3. Haohua Chemical Science & Technology Corp.: The Company and Its Subsidiaries Have Not Produced Electronic Grade Hydrofluoric Acid 4. Jiangsu Yoke Technology: Some Market Views Have Overinterpreted and Overestimated the Company's Development in the Electronic Business Sector 5. Jiangxi Lian Chuang Optoelectronic Science and Technology: The Main Business Does Not Involve High-Temperature Superconductors or Controlled Nuclear Fusion-related Business Sectors 6. WCON Electronics: Some Product Areas in the Humanoid Siasun Robot & Automation Business Domain Have Not Yet Entered Mass Production 7. Ningbo Exciton Technology: The Company's New Industry UV Adhesive and Coating Products are still in the Early Research or Sampling Stage 8. Zhejiang Sanmei Chemical Industry: Wet Electronic Chemical Business is Managed by a Joint Venture Company and Not Included in the Consolidated Financial Statements, with Related Investment Income Having Minimal Impact on Overall Net Profits 8. Ningbo Hicon Industry Technology: Sales to the European market account for a low proportion of overall revenue, contributing minimally to company performance Financial Performance 1. Qingdao East Steel Tower Stock: Net profit for the first half-year is estimated to be between 897 million yuan and 1.017 billion yuan, a year-on-year increase of 81.87% to 106.19% 2. Sunvim Group: Net profit for the first half-year is expected to be between 369 million yuan and 418 million yuan, a year-on-year increase of 50% to 70% 3. Jl Mag Rare-Earth: Expected net profit for the first half-year is between 400 million yuan and 460 million yuan, an increase of 31.17% to 50.84% year-on-year 4. Elite Color Environmental Resources Science & Technology: Expected net profit for the first half of 2026 is between 70 million yuan and 90 million yuan, an increase of 72.80% to 122.17% year-on-year Repurchase & Increase or Decrease Holdings 1. Bondex Supply Chain Management: Planning to Repurchase Shares in the Range of 55 to 110 million yuan 2. Hefei Hengxin Life Science and Technology: Planning to Repurchase Shares in the Range of 30 to 50 million yuan 3. Shanghai Yizhong Pharmaceutical: Planning to Repurchase Shares in the Range of 30 to 50 million yuan 4. Luxshare Precision Industry: As of June 30, approximately 1 billion yuan has been spent on share repurchases 5. Ananda Drive Techniques (Shanghai) Co.: Shareholder Ningbo Sihui plans to reduce its stake by up to 3% 6. Suzhou Sepax Technologies: Shareholders plan to reduce their stake by no more than 2.5% 7. TIELIU CO,.LTD: Controlling shareholder plans to reduce the company's stake by no more than 2% Maajor Orders 1. Qinglong Pipes Industry Group: Intends to win a 497 million yuan mixed tower project material framework procurement 2. Xinjiang Communications Construction Group: Consortium wins Aktau Railway S5 section bid, with an amount of around 2.1 billion yuan This article is reposted from "Tencent Stock Selection". Editor: Chen Siyu.