A-share announcement highlights | Significant fluctuations in the value of biological assets pose risks of two consecutive daily limit ups in 5 days Joinn Laboratories (603127.SH) warns of risks

Today Spotlight 1. Changxin Technology: The final allotment rate for the online issuance is approximately 0.4714% Changxin Technology announced that the company's first public issuance of shares and listing on the Sci-Tech innovation board has disclosed the online subscription situation and allotment rate. The issuance price this time is 8.66 yuan per share, with a total of 9,428,778 effective online subscription applicants and 816.92 billion shares applied for. The preliminary allotment rate for online subscription is 0.40995452%. The total number of allotment is 1,633,840,250, and the range of numbers is from 100,000,000.000 to 101,633,840,249. After the initiation of the over-allotment option, online and offline call-back mechanism, the final number of shares issued offline is 2,173,133.3888 million shares, accounting for about 36.07% of the total number of shares issued after the full exercise of the over-allotment option and deduction of the final number of strategic placement shares, and about 28.25% of the total number of shares issued after the full exercise of the over-allotment option. The final number of shares issued online is 3,851,103.5000 million shares, accounting for about 63.95% of the total number of shares issued after the full exercise of the over-allotment option and deduction of the final number of strategic placement shares, and about 50.07% of the total number of shares issued after the full exercise of the over-allotment option. After the call-back mechanism is initiated, the final allotment rate for online issuance is 0.47141739%. 2. Wuhan Jingce Electronic Group: A subsidiary signed a 2.23 billion yuan semiconductor equipment sales contract Wuhan Jingce Electronic Group announced that its subsidiary Shanghai Jingce recently signed a sales contract with a customer for the sale of thin film series products, OCD equipment, and other semiconductor front-end quantity detection equipment, with a contract amount of 2.23 billion yuan. As of the announcement date, Shanghai Jingce has signed contracts with this customer totaling 3.3 billion yuan within twelve consecutive months (including this one). The fulfillment of the contract is expected to have a positive impact on the company's operating results. 3. Beijing Trust&far Technology: Controlling shareholder Zhan Lixiong received a divorce lawsuit filed by spouse Zheng Dan requesting divorce and property division Beijing Trust&far Technology announced that the company's controlling shareholder and actual controller Zhan Lixiong received a divorce lawsuit filed by his spouse Zheng Dan, requesting a divorce and property division. The case is currently at the acceptance stage, and the amount involved in the case cannot be determined at the moment. The lawsuit only involves the personal rights of the shareholder and will not have a significant impact on the company's production and operation, but there is uncertainty about whether there will be a change in actual control. 4. Rongsheng Petro Chemical: A subsidiary Zhejiang Petrochemical plans to invest 19.6 billion yuan to construct the Petrochemical Integration Project Transformation and Upgrading Project Rongsheng Petro Chemical announced that its subsidiary Zhejiang Petrochemical Co., Ltd. plans to invest in the Petrochemical Integration Project Transformation and Upgrading Project, with an estimated total investment of about 19.6 billion yuan and a construction period of 2 years. This project is based on the existing products of Zhejiang Petrochemical, constructing a new 5# continuous reforming unit, 3# reforming hydrogen supply unit, 3# rich hydrogen supply unit, 3# Cl/C2 separation unit, 1# C10 separation unit, and carrying out capacity expansion and technological transformation on some units. After the project is completed, it is expected to achieve a net profit of 1.41 billion yuan per year, with a post-tax financial internal rate of return of 11.08% and a post-tax investment payback period of 8.93 years. The purpose of this investment is to enhance the processing depth of products, increase the output of high value-added new materials, and strengthen the company's overall competitiveness. 5. Verisilicon Microelectronics (Shanghai) Co., Ltd.: From April 30 to July 16, new orders totaling 6.413 billion yuan in the AI computing power sector and data processing field accounted for over 90% Verisilicon Microelectronics (Shanghai) Co., Ltd. announced that the company signed new orders totaling 14.653 billion yuan from January 1 to July 16, most of which are one-stop chip customization business orders, with clear expectations for conversion. However, revenue conversion requires a certain time period. From April 30 to July 16, the new orders amounted to 6.413 billion yuan, with over 90% of the orders in the AI computing power sector and data processing field. Business Performance 1. OKE Precision Cutting Tools: It is expected to have a net profit of 360 million to 420 million yuan in the first half of the year, a year-on-year increase of 46,339% to 54,062% 2. LUSTER LightTech: It is expected to have a net profit of about 663 million yuan in the first half of the year, an increase of about 590% year-on-year 3. Hygon Information Technology: It is expected to have a net profit of 1.7 billion to 1.83 billion yuan in the first half of the year, an increase of 41.50% to 52.32% year-on-year Abnormal Stock Risk Warning Joinn Laboratories: The fair value of biological assets is subject to significant fluctuations due to various uncertainties, posing a high risk of value fluctuations Repurchase & Insider Trading 1. Hootech Inc.: Plans to repurchase company shares totaling 40 million to 80 million yuan 2. Xuelong Group: The actual controller He Cailin increased his holdings of the company's shares and plans to continue increasing them 3. Earth-Panda Advance Magnetic Material: The actual controller and directors plan to increase their holdings of company shares by 10 million to 20 million yuan 4. Sanjiang Shopping Club: Alibaba Ze-Tai reduced its stake in the company by 2% 5. OKAY: Several shareholders plan to reduce their holdings Large Orders 1. Shanghai SK Automation Technology: Signed a daily operating sales contract of about 920 million yuan 2. China Camc Engineering: Signed a business contract for the construction of the Bluefields Port project in Nicaragua, with a total amount of about 644 million yuan This article is reprinted from "Tencent Stock Selection", GMTEight Editor: Li Fo.