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Read the Zhejiang Stock Market Morning Report 2024.7.15

2024-07-15

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1. Zhejiang News:

1. According to the Implementation Plan for the Cultural Gene Activation Project in Zhejiang Province (2024-2026), by 2026, more than 10 phenomenal provincial cultural symbols will be cultivated: Liangzhu Culture, Songyun Culture, Shangshan Culture, Huangdi Culture, Nankong Culture, Hehe Culture, Yangming Culture, Silk, Porcelain and Tea Culture, Guyue Culture, and Wuyue Culture.

2. The Zhejiang Securities Joint Education Fund of the Zhejiang People's Education Foundation, funded by Zheshang Securities Co., Ltd., will implement a teacher award project in the Zhejiang education system starting from 2022. The project will last for 10 years, with awards given every 2 years, and 200 people will be awarded each time. The selected candidates will be awarded the "Zheshang Securities Red Candle Teacher" certificate and each will be awarded RMB 10,000 (tax included).

2. Positive news:

Taihua New Materials:The company released its performance forecast on July 14, and expects to achieve a net profit attributable to the parent company's owners of RMB 400 million to RMB 460 million in the first half of 2024, an increase of RMB 216.8891 million to RMB 276.8891 million compared with the same period last year, a year-on-year increase of 118.45% to 151.21%.

Kelda:The company released its performance forecast on July 14, and expects to achieve a net profit attributable to shareholders of listed companies of RMB 21 million to RMB 25 million in the first half of 2024. Compared with the same period last year (statutory disclosure data), it will increase by RMB 9.5848 million to RMB 13.5848 million, a year-on-year increase of 83.97% to 119.01%.

Watson Technology:The company released its performance forecast on July 14, and expects to achieve a net profit attributable to the parent company's owners of RMB 31 million to RMB 37 million in the first half of 2024, which will increase by RMB 10.407 million to RMB 16.407 million compared with the same period last year (statutory disclosure data), a year-on-year increase of 50.54% to 79.67%.

Great Wall Technology:The company released its performance forecast on July 14, and expects to achieve a net profit attributable to shareholders of listed companies of RMB 110 million to RMB 122 million in the first half of 2024, an increase of RMB 47.61 million to RMB 59.61 million compared with the same period last year, a year-on-year growth of 76.31% to 95.55%.

Zhongjing Technology:The company released its performance forecast on July 14, and expects the net profit attributable to shareholders of the listed company in January-June 2024 to be: 10 million yuan to 13 million yuan, a year-on-year increase of: 181.26% to 205.64%.

Shenke shares:The company released its performance forecast on July 14, and expects the net profit attributable to shareholders of the listed company in the first half of 2024 to be 5.5 million yuan to 7.15 million yuan, an increase of 170.11% to 191.15% over the same period last year.

3. Negative news:

Wanma Technology:The company recently received a "Simplified Report on Changes in Equity" from Tang Jinyuan, a shareholder holding more than 5% of the shares. He recently reduced his holdings of the company's shares by 84,597 shares through centralized bidding transactions, accounting for 0.0631% of the company's total share capital. After this equity change, the total number of shares held by Tang Jinyuan in the company was reduced to 6,699,903 shares, and the shareholding ratio dropped to 4.9999%, and he is no longer a shareholder holding more than 5% of the company's shares.

*ST Furun:The company released its performance forecast on the evening of July 12, and expects to achieve a net profit attributable to shareholders of the listed company of -95 million yuan to -85 million yuan in the first half of 2024.

ASD:The company released its performance forecast on the evening of July 12, and it expects to achieve a net profit loss attributable to shareholders of the listed company of 3.2111 million yuan to 6.3554 million yuan in the first half of 2024.

Brother Technology:The company released its performance forecast on the evening of July 12, and expects its net profit attributable to shareholders of the parent company to be between 14 million yuan and 19 million yuan in the first half of 2024, a year-on-year decrease of 57.73%-68.85%.

IV. Equity Acquisition:

Hengtong shares:The company plans to use its own funds of RMB 292.96 million to acquire 49% of the equity of Hengtong Precision Copper Foil Technology (Deyang) Co., Ltd. (hereinafter referred to as "Hengtong Copper Foil") held by Jiangsu Hengtong Precision Copper Co., Ltd. (hereinafter referred to as "Hengtong Copper"). After the above-mentioned share acquisition is completed, the company holds 100% of the equity of Hengtong Copper Foil, and Hengtong Copper Foil becomes a wholly-owned subsidiary of the company.

Chint Electric:The company plans to sign a "Share Transfer Agreement" with Shenzhen Jiyuan to purchase Shenzhen Jiyuan's 5% equity interest in State Grid Zhejiang Comprehensive Energy with self-raised funds. The transaction price is RMB 150 million. After the transaction is completed, the company will hold a 10% equity interest in State Grid Zhejiang Comprehensive Energy.