Guangzhou Sanfu New Materials Technology Co. Ltd. A

Sanfu Xinke announced plans to jointly establish Guangzhou Deshengxiang Electronic Materials Manufacturing Co., Ltd. with Guangdong Sanfu Holdings Co., Ltd., Xiao Yao, and others. The registered capital is tentatively set at 50 million yuan, with Sanfu Xinke contributing 15 million yuan for a 30 percent stake. The joint venture will primarily engage in the research, development, production, and sales of high-end electronic copper foil. This collaboration aims to deepen industrial chain synergies with downstream PCB sector customers and promote the industrialization of high-end electronic copper foil.

Several listed companies on the Shanghai and Shenzhen stock exchanges released significant positive announcements on the evening of July 10. Tuojing Technology plans to acquire 82.97% equity in Wuxi Shangji and other assets through a combination of share issuance and cash payment, along with raising supporting funds. Trading of its shares will resume on July 13. Sanfu New Materials intends to invest 15 million yuan to participate in establishing a joint venture engaged in the research, development, and production of high-end electronic copper foil. He Zhenya, the controlling shareholder of Dynamic Power, plans to transfer 9% of his shares to Hongmian Science and Technology Innovation. The controlling shareholder will change to Hongmian Science and Technology Innovation, and the actual controller will change to Chen Zhimao. Trading of its shares will resume on July 13. CITIC Securities expects its net profit attributable to the parent company in the first half of the year to be 23.343 billion yuan, a year-on-year increase of 69.59%. Shannon Chuangxin expects its net profit attributable to the parent company in the first half of the year to be between 3.5 billion and 4 billion yuan, a year-on-year increase of 2,117.54% to 2,434.34%. Power Diamond expects its net profit attributable to the parent company in the first half of the year to be between 80 million and 93 million yuan, a year-on-year increase of 208.71% to 258.88%. Sichuan Gold expects its net profit attributable to the parent company in the first half of the year to be between 390 million and 450 million yuan, a year-on-year increase of 86.94% to 115.7%. China Molybdenum expects its net profit attributable to the parent company in the first half of the year to be between 15.5 billion and 16.5 billion yuan, a year-on-year increase of 78.76% to 90.29%. Rongjie Shares expects its net profit attributable to the parent company in the first half of the year to be between 900 million and 1.1 billion yuan, a year-on-year increase of 956.84% to 1,191.69%. Rike Chemical plans to acquire 70.75% equity in Genyuan New Materials, adding a new energy battery electrolyte material business. Trading of its shares will resume on July 13. Shaanxi Blower Power plans to acquire the remaining 36.06% equity in Qinfeng Gas. After the transaction, it will hold 100% of Qinfeng Gas. Trading of its shares will resume on July 13. FiberHome Communications plans to raise no more than 2.913 billion yuan through a private placement and also plans to acquire 60% equity in Fujikura FiberHome for 500 million yuan. A controlling subsidiary of Dongyangguang has signed a computing power service contract worth between 13 billion and 15 billion yuan. Unisplendour expects its net profit in the first half of the year to be between 1.91 billion and 2.32 billion yuan, a year-on-year increase of 83.5% to 122.89%.