Group 1 - The company Huifeng Diamond announced that it will hold its first extraordinary shareholders' meeting on January 21, 2026, at 15:00 [1]

Core Viewpoint - The company has approved the conclusion of a fundraising project and will use the remaining funds to supplement its working capital permanently [2] Group 1 - The company held its fourth board meeting and related committee meetings on December 31, 2025, to discuss the conclusion of the fundraising project [2] - The fundraising project, known as the "R&D Center Upgrade Construction Project," has reached its intended usable status [2] - The company will allocate the surplus funds from the concluded project for daily operational use [2]

Group 1 - The core announcement is that Huifeng Diamond's associate company, Xuanfeng New Materials, has completed the industrial and commercial change registration on December 23 [2] - Xuanfeng New Materials has obtained a new business license issued by the Market Supervision Administration of Changge City, with a registered capital of 75 million yuan [2] - The company's address has been relocated to No. 200, People's Road, Changxing Road, Changge City, Xuchang, Henan Province [2]

Group 1 - The superhard materials index increased by 2% during intraday trading [1] - Among the constituent stocks, Sifangda rose over 7% [1] - World gained 4.12%, Huifeng Diamond increased by 3.86%, Guoji Precision Engineering rose by 3.30%, and Huanghe Xuanfeng went up by 3.05% [1]

Core Viewpoint - After its listing on the Beijing Stock Exchange, Huifeng Diamond (920725.BJ) has announced a significant investment in a new CVD diamond project, despite facing financial challenges and declining performance metrics [1][2][8]. Group 1: Investment Plans - The company plans to invest a total of 1 billion yuan in a CVD diamond project, with the first phase requiring approximately 500 million yuan [1][2]. - The project will involve the installation of 500 MPCVD (Microwave Plasma Chemical Vapor Deposition) systems, focusing on the research and production of CVD cultivated diamonds and CVD diamond films [2]. - The investment is intended to leverage the company's advantages in technology, talent, management, and efficiency within the CVD diamond sector [2][3]. Group 2: Financial Status - As of the end of Q3 2025, Huifeng Diamond reported cash reserves of only 70.04 million yuan, which raises concerns about its ability to fund the 1 billion yuan project [1][4]. - The company's total assets decreased to 694 million yuan, down 5.54% from the previous year, indicating financial strain [1][4]. - The investment in the new project is equivalent to creating 1.4 times the current size of Huifeng Diamond, highlighting the scale of the undertaking [1][4]. Group 3: Performance Metrics - In 2022, Huifeng Diamond achieved a record revenue of 431 million yuan, but in 2023, revenue growth slowed to 14.85%, and net profit declined by 4.96% [8]. - By 2024, the company experienced a dramatic drop in revenue to 216 million yuan, a decrease of 56.35%, and net profit fell by 94.36% [8]. - For the first three quarters of 2025, the company reported a revenue of 118 million yuan, down 27.62%, and a net loss of 12.47 million yuan [9]. Group 4: Strategic Adjustments - The company has decided to pause the implementation of its previously planned "Diamond Powder Intelligent Production Base Expansion Project" due to changes in market conditions and competition [9]. - Huifeng Diamond is also participating in a private equity investment, committing 30.62 million yuan to a fund focused on IT infrastructure, which may further strain its cash reserves [5][6].

Capital Operations - Shen Cheng Jiao plans to raise no more than 1.8 billion yuan through a private placement for the research and large-scale application of low-altitude and autonomous driving intelligent transportation equipment and related projects [2] - Ding Gu Ji Chuang's invested company Hang Ju Technology has developed the WS series flexible reusable thermal protection materials, which have been applied to the Blue Arrow Aerospace Zhuque-3 rocket body [2] - Zhen You Technology has ongoing ground core network development projects in both high-orbit and low-orbit satellite communication fields [2] Investment and Operations - Zhongjin Company plans a stock swap merger with Dongxing Securities and Xinda Securities, with stock trading resuming on December 18 [1] - Beiqi Blue Valley aims to continue developing L3 models in the mid-to-high-end brand segment, with some L3 model products currently in the development stage [1] - Xingmin Zhitong's communication domain controller is currently being used in L3 and L4 autonomous vehicles, including Robotaxi and unmanned logistics vehicles [1] Contracts and Collaborations - Pudong Construction's subsidiary recently won contracts totaling 1.649 billion yuan [1] - China Duty Free Group's wholly-owned subsidiary signed a contract for the transfer of duty-free store project operating rights, planning to invest 102 million yuan to establish a joint venture with Shanghai Airport [1] - Shanghai Airport signed a contract with Dufry and China Duty Free Group for the transfer of duty-free store project operating rights, with Dayang Shanghai not renewing the contract [1] - China CRRC and its subsidiaries recently signed contracts totaling 53.31 billion yuan, with wind power and energy storage equipment sales contracts amounting to approximately 16.65 billion yuan [1] Performance - China Nuclear Construction reported a cumulative operating income of 92.03 billion yuan by November 2025 [4] Share Buybacks - Shibao Testing's executives plan to increase their holdings of company shares by 8 million to 12 million yuan [4]

Core Viewpoint - The company, Huifeng Diamond, plans to invest in a CVD diamond project in Baotou City, leveraging local power and policy advantages to enhance its capabilities in the CVD diamond sector [1] Investment Details - The total investment for the project is estimated at 1 billion yuan, with the company planning to implement it in two phases, adjusting the scale and progress based on market conditions and equipment iterations [1] - The first phase involves an investment of approximately 500 million yuan, aiming to install 500 MPCVD devices for the research and production of CVD cultivated diamonds and CVD diamond films [1] Strategic Importance - This investment aligns with the company's development needs, aiming to improve economic efficiency and enhance sustainable development capabilities, which is expected to have a positive impact on the company's operations and growth [1]

Core Viewpoint - The company Huifeng Diamond (920725) plans to invest in a CVD diamond project in Baotou City, with a total investment of 1 billion yuan [1] Group 1: Project Details - The project is expected to have a total investment of 1 billion yuan, with the first phase involving an investment of approximately 500 million yuan [1] - The company plans to install 500 MPCVD devices for the research and production of CVD cultivated diamonds and CVD diamond films [1] - The project aims to complete production within 4 to 5 years, depending on market conditions and equipment iteration [1] Group 2: Government Collaboration - To ensure the smooth progress of the project, the company intends to sign an investment agreement with the People's Government of Baotou City, Kun District [1]

Group 1 - The company announced its participation in an investment through Shenzhen Shenjihongtu Venture Capital Partnership (Limited Partnership) [1] - The fund has a total scale of 97.95 million yuan, with the company committing 30.62 million yuan [1] - The investment has been completed in Super Fusion Digital Technology Co., Ltd. [1]

Core Insights - The cultivated diamond index has decreased by 2%, with most constituent stocks experiencing declines [1] Group 1: Market Performance - Hui Feng Diamond led the sector with a decline of 4.63% [1] - Other stocks such as Guoji Precision, Sifangda, Huanghe Xunfeng, and Power Diamond also fell, with declines of 2.77%, 2.70%, 2.51%, and 1.88% respectively [1]