Miniso Buys Yonghui Supermarket, Moutai Prices Drop, Stocks Warn of Risk

Focus Event: Miniso Invests 6.3 Billion Yuan in Yonghui Supermarket, Acquiring 29.4% Stake to Become the Largest Shareholder Miniso announced on the Hong Kong Stock Exchange that it has acquired a 29.4% stake in Yonghui Supermarket for 6.3 billion yuan, including the 21.1% held by Milk Company and the 8.3% held by JD.com.

Upon completion of the transaction, Miniso is expected to become the largest shareholder of Yonghui Supermarket, further expanding its offline retail footprint.

Miniso Becomes the Largest Shareholder of Yonghui Supermarket!

Plans to Acquire 29.4% of Its Shares for 6.2 Billion Yuan Miniso's US stocks plummet before the market opens!

Plans to acquire 29.4% stake in Yonghui Supermarket to become the largest shareholder.

"Price War" Leads to Dealers' Capital Chain Ruptures, China Automobile Circulation Association Submits Urgent Report On September 23, the China Automobile Circulation Association stated that recently, it has received numerous reports from member companies reflecting the drastic changes in the automobile market caused by the ongoing "price war" and other factors, which have put automobile dealers in a quagmire, facing extremely tight liquidity and prominent issues of capital chain ruptures.

The association immediately carried out extensive research and analysis to fully reflect the current financial difficulties and risks of shutdown faced by automobile dealers.

Recently, the association has also officially submitted an "Urgent Report on the Current Financial Difficulties and Risks of Shutdown Faced by Automobile Dealers" to the relevant government departments.

The report points out that the new car sales of current automobile dealers have suffered large-area losses, and there is a widespread situation of cash flow deficit operations and an exacerbation of capital chain rupture risks, making it difficult to escape the survival dilemma.

China Automobile Circulation Association: The first 8 months of price wars caused a retail loss of 138 billion yuan in the new car market.

Macro News Ministry of Finance: Urging Localities to Accelerate the Use of Funds and Payment, Maximum Effort to Release Investment and Consumption Potential Zhao Changsheng, Deputy Director of the Economic Construction Department of the Ministry of Finance, stated that the next step will be to continue to urge localities to accelerate the use of funds and payment, strengthen the tracking and accountability of funds, and release the investment and consumption potential to the greatest extent and with the greatest strength.

Central Bank: Increasing the Support for Financing Guarantees, Strongly Supporting Key Areas of Technical Transformation and Equipment Updates Peng Lifeng, Director of the Credit Market Department of the People's Bank of China, stated that in conjunction with the Development and Reform Commission and other departments, further guidance and supervision will be provided to banking institutions and local governments.

By accelerating the progress of land, planning, environmental protection, safety, and other licenses for loan projects, more projects of private enterprises, small and medium-sized enterprises, and agricultural entities will be included in the candidate list.

Measures such as increasing the support for financing guarantees and risk compensation will be taken to fully utilize the re-lending for scientific and technological innovation and technical transformation, and strongly support key areas of technical transformation and equipment updates.

Industry Dynamics National Development and Reform Commission: In August, the output of new energy vehicles and charging piles increased by 30.5% and 97% year-on-year, respectively.

Zhao Chenxin, a member of the Party Group and Deputy Director of the National Development and Reform Commission, stated that the important goal of the "Two New" work is to use more energy-saving and low-carbon products to reduce production costs, improve the quality of life, and promote the comprehensive green transformation of economic and social development.

Under the drive of the "Two New" policy, the new energy vehicle industry has shown good momentum.

In August, the output of new energy vehicles and charging piles increased by 30.5% and 97% year-on-year, respectively, with the penetration rate of new energy vehicles reaching 53.9%, breaking through 50% for two consecutive months.

In the first half of the year, the average increase in domestic chemical product output was 14%.

Zhuochuang Information data shows that among 83 chemical products, 87.95% increased and 12.05% decreased.

Institutions: It is expected that the global robot shipment scale will be about 47 million units in 2024.

Qunzhi Consulting data shows that considering the long-term trend of population aging and the popularization driven by AI, the overall demand for global robots continues to grow.

It is expected that the global robot shipment scale will be about 47 million units in 2024, maintaining a compound growth rate of more than 20% in the next five years.

At the same time, it is expected that its revenue scale will be nearly 128 billion US dollars in 2029.

Company Focus Guotai Junan and Haitong Securities announced: Continue to suspend trading.

Guotai Junan and Haitong Securities both announced the progress of the suspension of trading for the planning of major asset restructuring.

Guotai Junan plans to absorb and merge Haitong Securities by issuing A shares to all A-share shareholders of Haitong Securities and issuing H shares to all H-share shareholders of Haitong Securities, and issuing A shares to raise supporting funds.

In view of the significant uncertainty of the relevant matters of this reorganization, in order to ensure fair information disclosure, protect the interests of investors, and avoid causing abnormal fluctuations in the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, the company's stocks will continue to be suspended.

Jinlong Shares: Transfer 20% of Dongguan Securities shares for 2.272 billion yuan.

Jinlong Shares announced that the company plans to transfer the 300 million shares of Dongguan Securities it holds through an open listing on the Shanghai United Property Exchange, accounting for 20% of the target company's total share capital.

According to the open listing results, the transaction counterparts of this transaction are Dongguan Financial Holding Group Co., Ltd. and Dongguan Development Holding Co., Ltd. Jinlong Shares transferred 193.5 million shares and 106.5 million shares of Dongguan Securities held to the transaction counterparts Dongguan Jin Kong and Dongguan Control (accounting for 12.9% and 7.1% of Dongguan Securities' total share capital, respectively), and the total transaction amount of this transaction is 2.272 billion yuan.

Moutai's wholesale price continues to fall: some dealers say the price rise space during the National Day holiday is limited.

According to the latest wholesale reference price disclosed by the third-party platform "Today's Liquor Price", the original box of Feitian Moutai in 2024 is reported at 2,365 yuan/bottle; the loose bottle of Feitian Moutai in 2024 is reported at 2,250 yuan/bottle.

Among them, the price of the original box fell below 2,400 yuan last weekend, and the price of the loose bottle has fallen for three consecutive days.

Garden Biotech: The net profit in the first three quarters is expected to increase by 55.77% - 75.92% year-on-year.

Garden Biotech released a performance forecast, expecting a net profit of 232 million yuan - 262 million yuan in the first three quarters, a year-on-year increase of 55.77% - 75.92%.

During the reporting period, the business income and gross profit of the vitamin sector increased year-on-year; the impact of non-recurring gains and losses on net profit is expected to be about 40 million yuan, mainly due to the completion of the relocation work by the subsidiary, and the confirmation of the relevant asset disposal income.

Wenfeng Shares: The controlling shareholder plans to transfer 5.41% of the shares by agreement.

Wenfeng Shares announced that the controlling shareholder Wenfeng Group plans to transfer 100 million shares to Shanghai Jiahong, accounting for 5.41% of the company's total share capital, with a transfer price of 1.54 yuan/share, and the total transfer amount is 154 million yuan.

Lingnan Shares with 4 out of 6 boards: The company is still raising funds to repay debts.

Lingnan Shares issued a stock price abnormal movement announcement, as of the date of the announcement, the acquisition of some "Lingnan Convertible Bonds" and the related rights by Zhongshan Talent Innovation and Entrepreneurship Ecological Park Service Co., Ltd. has been completed; the company has pledged the company's equity, accounts receivable, and the equity of Lingnan Water Group Co., Ltd. held by the company to provide collateral for the "Lingnan Convertible Bonds", and has signed the relevant pledge contract with the bond trustee manager Guangfa Securities Co., Ltd. and handled the corresponding registration procedures; the company is still raising funds to repay debts, if it cannot be properly resolved in the short term, the company will face further litigation, arbitration, bank accounts being frozen, assets being frozen, and other matters.

Datang Telecom with 5 out of 14 boards: The company's stock may have the risk of falling after a large short-term increase.

Datang Telecom issued a stock trading risk warning announcement, the company's stock closed at the limit price for 5 consecutive trading days on September 13, 18, 19, 20, and 23, 2024, and the short-term increase was significant, and there may be a risk of falling after a large short-term increase in the future.

The company's current production and operation are normal, and there have been no significant changes in the external environment.

Baobian Electric with 10 out of 14 boards: Currently, there are no matters such as asset injection, business reorganization, and major business cooperation.

Baobian Electric issued a stock trading serious abnormal fluctuation and risk warning announcement, as of the date of this announcement, in addition to the armament equipment group and China Electric Equipment Group's business integration of power transmission and transformation equipment that have been announced, there are no major matters or important information that should be disclosed but have not been disclosed; currently, there are no matters such as asset injection, business reorganization, and major business cooperation.

Haili Shares with 4 out of 7 boards: The scale of photolithography machine cooling system business is small.

Haili Shares issued an abnormal movement announcement, Haili Shares' main business is engaged in the research and development, production, and sales of refrigeration rotary compressors, refrigeration motors, and castings, as well as the research and development, production, and sales of automotive thermal management systems and key component products, mainly used in home air conditioning, automobiles, etc.

The company's holding subsidiary Haili Special Cold is a research and development and production enterprise dedicated to industrial equipment cooling systems, and its income mainly comes from fields such as high-temperature air conditioning in the metallurgical industry.

Haili Special Cold sells photolithography machine cooling systems, and the scale of this business is small, and the annual sales volume in the past three years accounts for less than 0.003% of Haili Shares' annual business income.

Shuangcheng Pharmaceutical with 7 out of 7 boards: The audit and evaluation of the transaction have not been completed, and the specific transaction price has not been determined.

Shuangcheng Pharmaceutical issued a stock trading abnormal fluctuation announcement, the company plans to purchase 100% of the shares held by 25 transaction counterparts such as Aola Investment and Win Aiming by issuing shares and paying cash, and plans to issue shares to no more than 35 specific investors to raise supporting funds.

As of the date of this announcement, the audit and evaluation of this transaction have not been completed, and the specific transaction price of this transaction has not been determined.

**Baolite: Plans to Invest 1 Billion Yuan in Additive Manufacturing Powder Material Production Line** Baolite announced that the company plans to invest 1 billion yuan in the construction of an additive manufacturing powder material production line project, with an expected capacity increase to 3,000 tons/year to meet market demand.

The project funding will come from corporate self-raising and fundraising, with a construction period of about 24 months.

Upon completion, the project will enhance the company's market share in metal additive manufacturing raw material powders and continuously improve profitability.

**Zhongjie Resources: The Largest Shareholder Plans to Transfer 10.75% Shares to the Actual Controller** Zhongjie Resources announced that the company's largest shareholder, Huanxi City Hengjie Venture Investment Partnership (Limited Partnership), signed a "Share Transfer Agreement" with its actual controller, Huanxi City State-owned Assets Investment and Management Group Co., Ltd., on September 19, 2024.

It plans to transfer its 129,605,889 unrestricted tradable shares (accounting for 10.75% of the company's total share capital) to Huanxi Guotou at a price of 1.35 yuan/share through an agreement transfer.

After this equity change, Huanxi Hengjie will no longer hold shares in the company, and Huanxi Guotou will become the largest shareholder.

**Nantian Information: Planning to Issue A-Shares to Specific Objects** Nantian Information issued an announcement on abnormal fluctuations in stock trading.

After verification, the company's recent production and operation are normal, and there have been no significant changes in the internal and external business environment.

The company is planning to issue A-shares to specific objects, with a total fund-raising amount not exceeding 650 million yuan, of which Yunnan Industrial Investment Holding Group Co., Ltd. plans to subscribe for 200 million yuan.

The relevant plan has not been finally determined.

The company, its controlling shareholders, and actual controllers do not have any other significant matters that should be disclosed but have not been disclosed.

**Plum Blossom Biotechnology: Plans to Repurchase Shares for Cancellation with 300-500 Million Yuan** Plum Blossom Biotechnology announced that the company plans to use its own funds of 300 million to 500 million yuan to repurchase shares through a centralized competitive bidding transaction, with a repurchase price not exceeding 12 yuan/share.

The repurchased shares will be used for cancellation to reduce registered capital.

**Hengyi Petrochemical: Plans to Purchase 25% Equity of Hengyi Hanlin for 315 Million Yuan** Hengyi Petrochemical announced that the company plans to purchase 25% equity of Hengyi Hanlin held by Hengyi Group in cash.

The total purchase price refers to the assessed value of the target company as of the assessment base date, August 31, 2024, and the final actual transaction price for 25% equity is executed according to 315 million yuan.

**Chihong Zinc and Germanium: Plans to Repurchase Shares for 145-290 Million Yuan** Chihong Zinc and Germanium announced plans to repurchase shares for 145-290 million yuan to be used for cancellation and reduction of the company's registered capital.

The repurchase price does not exceed 5.70 yuan/share (inclusive).

**Industrial Fulian: Plans to Repurchase Shares for 200-300 Million Yuan** Industrial Fulian announced that the company plans to use its own funds of not less than 200 million yuan (inclusive) and not more than 300 million yuan (inclusive) to repurchase shares through a centralized competitive bidding transaction.

The repurchase price does not exceed 40.33 yuan/share, and the number of repurchased shares is calculated to be 4.95 million to 7.44 million shares (based on the upper limit of the repurchase price), accounting for 0.02% to 0.04% of the company's total share capital.

The repurchased shares will be canceled to reduce the company's registered capital.

**China Automotive Research: Plans to Invest 900 Million Yuan to Establish a Wholly-owned Subsidiary** China Automotive Research announced that the company plans to invest up to 900 million yuan of its own funds, bank loans, or other self-raised funds in accordance with laws and regulations to establish a wholly-owned subsidiary, mainly engaged in automotive after-market technical services, new energy specialty testing equipment products, and industry services.

**Rifeng Shares: Plans to Repurchase Shares for 30-45 Million Yuan** Rifeng Shares announced plans to repurchase shares for 30-45 million yuan for employee stock ownership plans or equity incentives.

The repurchase price does not exceed 11.10 yuan/share.

**Maiwei Shares: Chairman Proposes to Repurchase Shares for 50-100 Million Yuan** Maiwei Shares announced that one of the actual controllers and the chairman, Zhou Jian, proposed that the company use its own funds of 50-100 million yuan to repurchase shares to maintain the company's value and shareholder interests.

The upper limit of the repurchase share price is not higher than 150% of the average transaction price of the company's stock in the 30 trading days before the board of directors' resolution to adopt the repurchase plan.

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