Core Viewpoint - ST Zhongdi's stock price experienced a significant increase of 153.19% from October 16 to November 12, 2025, leading to substantial volatility [1] Group 1: Stock Performance - The stock price of ST Zhongdi rose by 153.19% during the specified period [1] - Due to the large fluctuations in stock price, trading was suspended starting November 13, 2025 [1] Group 2: Company Actions - During the suspension period, the company conducted an internal review regarding the stock price volatility [1] - The internal review has been completed, and the company plans to resume trading on November 18, 2025 [1]

Core Viewpoint - ST Zhongdi is facing financial pressure and is utilizing real estate assets to settle outstanding construction payments with its contractor, Chengdu Jieyi [1] Group 1: Project Overview - The company’s wholly-owned subsidiary, Dazhou Mianshi Real Estate Development Co., Ltd., is advancing the "Zhongdi Suidingfu" residential project located in Dazhou, Sichuan Province [1] - The construction development of the project is managed by the general contractor Chengdu Jieyi Construction Engineering Co., Ltd. [1] Group 2: Financial Situation - As of now, there is a total of 69.21 million yuan in outstanding payments that the company needs to pay to Chengdu Jieyi [1] - To alleviate financial pressure, Dazhou Mianshi plans to compensate Chengdu Jieyi with 14 residential units from the project, valued at 8.8541 million yuan [1] - After this compensation, the remaining outstanding payment to Chengdu Jieyi will be 60.3559 million yuan [1]

Core Viewpoint - ST Zhongdi's stock price surged by 153.19% over 20 trading days, leading to a trading suspension for verification due to significant price volatility [1][3]. Group 1: Stock Performance and Trading Suspension - ST Zhongdi announced a stock price increase of 153.19% from October 16 to November 12, resulting in a trading suspension starting November 13 for up to three days [1][3]. - The company recorded 19 consecutive trading limit-ups since October 17, with a current market capitalization of 3.205 billion [3]. Group 2: Shareholder Changes and Auction Details - The recent surge in ST Zhongdi's stock price was triggered by an announcement on October 17 regarding the second judicial auction of shares held by its controlling shareholder, Guangdong Runhong [5]. - Shenzhen Tianwei Investment acquired 71.1448 million shares for approximately 2.55 billion, representing 23.77% of ST Zhongdi's total share capital, leading to a change in control [5][7]. - The auction was dramatic, with Tianwei Investment placing a bid just six minutes before the deadline, after the shares had previously gone unsold [6]. Group 3: New Shareholder Background - Tianwei Investment, established on July 22, 2023, is co-founded by semiconductor veterans Meng Hongda and Zhang Wei, who are also the founders of Shenzhen Tianwei [8]. - Shenzhen Tianwei is a recognized high-tech enterprise engaged in integrated circuit design and semiconductor equipment manufacturing [8]. Group 4: Financial Risks and Challenges - ST Zhongdi faces severe delisting risks, with negative equity of -8.5168 million as of Q3 2025, and a significant decline in revenue and profits [10][11]. - The company has substantial debts, including approximately 5.92 billion in unpaid bank loans and potential liabilities exceeding 1.4 billion due to guarantees [12]. - Despite the change in control, there are no immediate plans for business transformation or asset injection, raising concerns about the company's ability to address its financial challenges [12].

Focus on Chengtun Mining - Company plans to invest approximately 1.423 billion RMB (19.995 million USD) in its subsidiary Chengtun Gold International through its wholly-owned subsidiary Hongsheng International Resources [1] Focus on Century Huatong - Company intends to repurchase shares worth between 500 million to 1 billion RMB, with a maximum repurchase price of 28.77 RMB per share [2] Focus on ST Zhongdi - Company stock experienced a significant price increase of 153.19% from October 16 to November 12, 2025, leading to a trading suspension for verification starting November 13, 2025 [3] Performance Highlights - BeiGene reported a revenue of 27.595 billion RMB for the first three quarters of 2025, marking a year-on-year growth of 44.2%, with a net profit of 1.139 billion RMB [4] Capital Increase & Restructuring - *ST Lian Stone received court approval for its restructuring plan, entering the execution phase after the termination of the restructuring process [5] Important Matters - Tuosda is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries [6] - North Medical's chairman and president were arrested for criminal charges, but the company's control and operations remain stable [7] - Nanjing Public Utilities is transferring 43.731 million shares, accounting for 7.61% of total shares, to Nanjing Innovation Investment Group for approximately 300 million RMB [8] Company Developments - Kaige Precision Machinery is establishing a joint venture with Zhangjiagang Wuyue Special Materials Technology, with an investment of 1 billion RMB for high-end component projects [9] - Stable Medical is investing approximately 2 billion RMB in a new production base for cotton non-woven fabric [10] - Fuchun Environmental is co-investing 116 million RMB in a combined heat and power project in Hubei [10] - Xingsheng Zhihui is collaborating with Beijing Automotive Group for resource sharing in the new energy vehicle sector [10] Stock Trading Updates - Huazhong Silver's subsidiary is undergoing a year-end maintenance shutdown, expected to last 20 days, with no impact on annual production plans [11] - San Yuan Co. clarified that its seasonal product, milk skin candy, has minimal revenue impact [12] - Chongqing Beer plans to distribute a cash dividend of 1.30 RMB per share, totaling approximately 629 million RMB [12] Stock Suspension - ST Zhongdi's stock is suspended for verification due to significant price fluctuations [15]

Core Viewpoint - ST Zhongdi (000609) has announced a stock suspension for investigation due to a significant price increase of 153.19% from October 16 to November 12, 2025, amid investor concerns [1] Group 1: Stock Performance and Suspension - ST Zhongdi's stock has experienced a continuous rise, hitting the daily limit for 19 consecutive trading days since October 17, 2025 [3] - The company will suspend trading starting November 13, 2025, for a period not exceeding three trading days, pending the outcome of the investigation [1] Group 2: Ownership Change - Shenzhen Tianwei Investment Partnership (Limited Partnership) acquired 71.1448 million shares from the former controlling shareholder for 255 million yuan, completing the judicial auction transfer [4] - The new controlling shareholders are identified as Men Hongda and Zhang Wei, both experienced in the semiconductor industry, which may have contributed to the recent stock surge [4] Group 3: Financial Performance - For the first three quarters of 2025, ST Zhongdi reported a revenue of 134.7122 million yuan, a decrease of 52.64% year-on-year, and a total profit of -151.0695 million yuan, down 41.83% [5] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -132.3492 million yuan, a decline of 34.12% year-on-year [5] - The company's equity attributable to shareholders was -8.5168 million yuan, a decrease of 103% year-on-year, raising concerns about potential delisting risks if financial performance does not improve by year-end [5]

Core Viewpoint - ST Zhongdi's stock price has experienced significant volatility, with a 153.19% increase from October 16 to November 12, 2025, prompting the company to conduct an investigation into the trading fluctuations [1]. Group 1: Stock Performance - Since October 17, 2025, ST Zhongdi's stock has hit the daily limit up for 19 consecutive trading days [3]. - The stock will be suspended from trading starting November 13, 2025, pending the outcome of the investigation, with an expected suspension period of no more than three trading days [1]. Group 2: Ownership Change - On October 17, 2025, Shenzhen Tianwei Investment Partnership acquired 71.1448 million shares of ST Zhongdi for 255 million yuan, resulting in a change of control [4]. - The new controlling shareholders are Shenzhen Tianwei Investment Partnership, with the actual controllers being Men Hongda and Zhang Wei, both experienced in the semiconductor industry [4]. Group 3: Financial Performance - For the first three quarters of 2025, ST Zhongdi reported revenue of 134.7122 million yuan, a year-on-year decline of 52.64%, and a total profit of -151.0695 million yuan, down 41.83% [5]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -132.3492 million yuan, a decrease of 34.12% year-on-year [5]. - As of the end of the third quarter of 2025, the company's equity attributable to shareholders was -8.5168 million yuan, a decline of 103% year-on-year [5].

Core Viewpoint - ST Zhongdi (000609.SZ) has experienced a significant stock price increase of 153.19% from October 16 to November 12, 2025, leading to heightened investor attention and volatility in trading [1] Group 1 - The company will conduct an investigation into the stock trading fluctuations to protect investor interests [1] - The company has applied for a trading suspension, effective from November 13, 2025, until the investigation is completed and relevant announcements are made [1] - The expected duration of the trading suspension is no more than three trading days [1]

格隆汇11月12日丨ST中迪(000609.SZ)公布，公司股票自2025年10月16日至11月12日价格涨幅为 153.19%，股价波动较大，投资者较为关注，为维护投资者利益，公司将就股票交易波动情况进行核 查。经公司申请，公司股票（证券简称：ST中迪；证券代码：000609）自2025年11月13日开市起停 牌，待核查结束并披露相关公告后复牌，预计停牌时间不超过3个交易日。公司提醒广大投资者注意二 级市场交易风险。 截至目前，深圳天微投资合伙企业(有限合伙)不存在未来12个月内改变上市公司主营业务或者对上市公 司主营业务作出重大调整的具体计划。如上市公司因其发展需要，或因市场、行业情况变化导致需要对 上市公司主营业务进行调整的，将严格遵照上市公司治理规则及法律法规要求履行相应程序，并及时履 行信息披露义务。 ...

Core Points - ST Zhongdi (000609.SZ) announced that as of November 7, 2025, all parties involved in the judicial auction of shares held by the controlling shareholder have received the "Execution Ruling" from the Chengyu Financial Court [1] - The bidder, Shenzhen Tianwei Investment Partnership (Limited Partnership), has completed the share transfer procedures and received the "Securities Transfer Registration Confirmation" from China Securities Depository and Clearing Corporation Limited [1] - Following the judicial auction, Shenzhen Tianwei Investment Partnership (Limited Partnership) directly holds 71,144,800 shares, accounting for 23.77% of the company's total share capital [1] - The controlling shareholder of the company has changed from Guangdong Runhong Fuchuang Technology Center (Limited Partnership) to Shenzhen Tianwei Investment Partnership (Limited Partnership) [1] - The actual controller of the company has changed from Ms. Wu Jun to Mr. Men Hongda and Mr. Zhang Wei, who will jointly control the company [1]

Group 1 - A-shares market experienced narrow fluctuations with major indices declining, while the banking sector showed strength, becoming a focal point of the market [2][4] - Xiamen Bank saw a significant increase, with intraday gains exceeding 8%, contributing to the banking sector's overall rise [2] - ST Zhongdi has achieved a continuous涨停 for 13 trading days, indicating strong market interest despite warnings about its stock price significantly deviating from its fundamentals [4][5] Group 2 - The coal, steel, and environmental protection sectors showed notable gains, while the non-ferrous metals sector led the declines with a drop of 2.5% [3] - The pharmaceutical and biotechnology sectors faced substantial declines, with Changshan Pharmaceutical experiencing a drop of over 19% [3] - Pingtan Development's stock has seen涨停 for nine consecutive trading days, with a significant deviation from its average price, raising concerns about trading volatility [5][6] Group 3 - Heavily traded stocks like 合富中国 have shown significant price increases, with a cumulative涨幅 of 61.23% over five days, raising concerns about irrational speculation [7] - Haima Automobile has also experienced涨停 for three consecutive days, with no undisclosed information affecting its stock price [8]