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Multiple listed companies released positive announcements on the evening of August 20
On the evening of August 20, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Tengyuan Cobalt plans to invest 18 million US dollars in the Democratic Republic of the Congo to build an annual production capacity of 160,000 tonnes of sulphuric acid from sulphur and a supporting power generation project. Zhaochi Holdings plans to invest up to 38.33 million US dollars to build a production base in Mexico. Han's CNC plans to invest up to 180 million US dollars in Malaysia to build a PCB special equipment project, and disclosed first-half net profit of 957 million yuan, up 263.45 percent year on year. Shanghai Sinyang adjusted the production capacity layout of its Shanghai Chemical Industry Park construction project and increased investment, with the project's estimated total investment adjusted from 580 million yuan to 1.05 billion yuan. Tuojing Technology's first-half net profit rose 1,324.1 percent year on year, and it plans to pay a cash dividend of 3.5 yuan per 10 shares. Han's Laser's first-half net profit was 1.288 billion yuan, up 163.84 percent year on year, and it plans to increase the investment limit for its Southeast Asia overseas operations centre project to 265 million US dollars. Ping An Insurance's first-half net profit attributable to the parent company was 92.585 billion yuan, up 36.1 percent year on year. Xinhua Department Store's first-half net profit fell 20.25 percent year on year, and it plans to buy back shares worth 200 million to 400 million yuan. A subsidiary of Wuhan Tianyuan Holdings plans to invest 404 million yuan to build an energy storage project.