Nanjing Baose Co Ltd

On the evening of July 17, several listed companies on the Shanghai and Shenzhen exchanges released significant positive announcements. Hunan Yuneng plans to invest approximately 24 billion yuan in a mining-integrated new energy battery materials circular industry project in Weng'an, Guizhou, focusing on lithium iron phosphate and the upstream supply chain, with a total construction period expected to be five years. TCL Zhonghuan plans to invest about 11.96 billion yuan through a subsidiary to build a semiconductor large silicon wafer project for integrated circuits in Shenzhen. Guoke Micro intends to raise no more than 5.061 billion yuan through a private placement for the research and industrialization of next-generation AI vision processing chips and other projects. Ananda's wholly-owned subsidiary plans to invest 3.298 billion yuan to build an integrated project with an annual output of 300,000 tons of battery-grade iron phosphate. China Shipbuilding Gas reported a net profit attributable to the parent company of 348 million yuan for the first half of the year, up 95.63 percent year-on-year. Huarui Precision expects a net profit attributable to the parent company of between 210 million and 250 million yuan for the first half, an increase of 145.73 percent to 192.54 percent year-on-year. Lingyi iTech has raised the total amount for its share buyback to between 400 million and 800 million yuan. In addition, Baose Corporation plans to invest 970 million yuan in a high-end over-limit equipment intelligent manufacturing project, Pan Asian Microvent Tech intends to acquire a 54.089 percent stake in Tianyuan Electric to gain control, Guangyang Corporation has signed a strategic cooperation framework agreement with Pangu Power, and Huike Corporation plans to invest 4 billion yuan to establish a subsidiary for an advanced packaging and testing project.

Baose Shares announced plans to invest in the Baose High-End Oversized Equipment Intelligent Manufacturing Project in the Nanjing Jiangning Binjiang Economic Development Zone, with a total investment of 970 million yuan and covering an area of about 176 mu. The project has a construction period of 36 months, funded by raised capital and self-owned funds. Upon reaching full production, it is expected to form an annual production capacity of 25,000 tonnes of large non-standard equipment, generating an additional annual output value of 1.41 billion yuan and annual tax revenue of 62 million yuan. The matter is still subject to approval by the company's shareholders' meeting.