Core Viewpoint - ST Changfang (300301.SZ) has received the "High-tech Enterprise Certificate" from the Jiangxi Provincial Department of Science and Technology, Jiangxi Provincial Department of Finance, and the State Taxation Administration of Jiangxi Province, which allows the company to enjoy tax benefits for three years [1] Group 1 - The certificate number is GR202536001668, issued on December 2, 2025, and is valid for three years [1] - Upon receiving the high-tech enterprise recognition, Jiangxi Changfang Semiconductor Technology Co., Ltd. will benefit from tax incentives as per the Corporate Income Tax Law of the People's Republic of China [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 三和精化集團有限公司 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00301 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 HKD | | 15,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 HKD | | 15,000,000 | 本月底法定/註冊股本總額： HKD 15,0 ...

Core Insights - The "Guang Goods Go Global: Zhongshan Department Store Enters Shanghai" event achieved over 116 million yuan in sales within three days, highlighting the strong demand for Zhongshan products in Shanghai [1][9] - Popular products included small appliances, clothing, and local delicacies, with some items selling out quickly and requiring urgent restocking from distributors in the Yangtze River Delta [1][4] - The event showcased a blend of traditional and innovative products, reflecting the evolution of Zhongshan manufacturing and its appeal to consumers in a high-standard market like Shanghai [11][14] Sales Performance - The event generated a total sales figure exceeding 300,000 yuan, with online sales through live streaming accounting for over 116 million yuan [9][10] - The live streaming sales model proved effective, with a significant increase in traffic and sales due to the immersive experience created by the event [7][10] - The event's success indicates a strong purchasing power among Shanghai consumers, driven by quality products and effective service [9][10] Consumer Engagement - Many Shanghai residents expressed a preference for high-quality products, with "good quality" being a recurring theme in consumer feedback [4][10] - The event facilitated direct interactions between consumers and brands, enhancing customer loyalty and trust [9][10] - Unique offerings, such as edible chrysanthemums, attracted curiosity and engagement from attendees, showcasing the innovative aspects of Zhongshan products [4][6] Market Insights - The event served as a platform for Zhongshan's diverse industrial clusters, including high-tech, biomedicine, and home appliances, to connect with one of China's most vibrant consumer markets [14][16] - The collaboration between Zhongshan and Shanghai is expected to deepen, leveraging Shanghai's design and marketing strengths alongside Zhongshan's manufacturing capabilities [14][16] - The historical ties between Zhongshan and Shanghai were highlighted, emphasizing the emotional connection that can enhance future business collaborations [16]

Core Viewpoint - ST Changfang (300301.SZ) has received a High-tech Enterprise Certificate for its wholly-owned subsidiary Jiangxi Kangmingsheng Optoelectronics Technology Co., Ltd, which allows for tax benefits under national policies [1] Group 1: Company Announcement - The certificate was issued by the Jiangxi Provincial Department of Science and Technology, Jiangxi Provincial Department of Finance, and the State Taxation Administration Jiangxi Provincial Taxation Bureau [1] - The certificate number is GR202536000681, issued on October 29, 2025, and is valid for three years [1] Group 2: Tax Benefits - Jiangxi Kangmingsheng will enjoy a corporate income tax rate of 15% for three consecutive years following the recognition as a high-tech enterprise [1] - This tax rate is in accordance with the Corporate Income Tax Law of the People's Republic of China and related regulations [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 三和精化集團有限公司 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00301 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | 本月底 ...

Core Viewpoint - Company plans to sell part of its unfinished factory for 41.38 million yuan to improve asset utilization and recover funds quickly, with minimal impact on net profit [2][5]. Group 1: Sale of Unfinished Factory - The company intends to sell remaining unfinished factory buildings for 41.38 million yuan due to a shift in domestic orders to Southeast Asia, which allows existing facilities to meet current needs [2][4]. - The expected disposal gain from this transaction is approximately 50,000 yuan, with a net profit impact of about 40,000 yuan [2][3]. Group 2: Background and Previous Contracts - The factory project was initiated over two years ago with a total construction contract amounting to 133.2 million yuan for a production capacity of 12 million square meters of high-end elastic flooring [3]. - The company previously terminated the construction contract with the contractor due to changes in market demand and plans to re-tender the project within the original contract amount [3]. Group 3: Financial and Operational Impact - The sale includes approximately 16,700 square meters of state-owned land and 41,583.95 square meters of above-ground construction, which is still incomplete and lacks property rights certificates [4]. - The buyer, Haili Industrial, has a registered capital of 15 million yuan and reported revenues of approximately 187 million yuan last year, indicating a significant investment relative to its profits [4][5]. - The transaction is expected to optimize the company's asset-liability structure and improve cash flow without affecting normal operations [5].

Core Viewpoint - Company plans to sell part of its unfinished factory for 41.38 million yuan to improve asset utilization and quickly recover funds, with minimal expected profit impact [1][4]. Group 1: Sale of Unfinished Factory - Company intends to sell remaining unfinished factory buildings for 41.38 million yuan due to the shift of domestic orders to Southeast Asia [1][4]. - The sale is expected to generate a disposal gain of approximately 50,000 yuan, impacting net profit by about 40,000 yuan [1][2]. - The buyer, Haining Huali Industrial Co., Ltd., is not a related party and the transaction does not require board or shareholder approval [1][2]. Group 2: Background and Previous Contracts - The factory project was initiated over two years ago with a total construction contract of 133.2 million yuan for a production capacity of 12 million square meters of high-end elastic flooring [2]. - The original construction contract was terminated in August 2024 due to market demand changes, allowing for a re-bid within the original contract amount [2][3]. Group 3: Financial Impact and Company Position - The factory's land area is approximately 16,700 square meters, with a total building area of 41,583.95 square meters, and the property is not yet completed or certified [3]. - Huali Industrial's financials indicate a net profit of 1.347 million yuan last year and 1.087 million yuan in the first three quarters of this year, raising questions about its ability to finance the purchase [3]. - The sale is seen as beneficial for the company to optimize its asset-liability structure and improve cash flow without affecting normal operations [4].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 三和精化集團有限公司 呈交日期: 2025年12月4日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00301 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | 本月底法定/註冊股本總額： H ...

Market Overview - A-shares experienced a decline across the board, with the ChiNext index dropping over 1% and the Shanghai Composite Index closing down 0.51% at 3878 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 168.37 billion yuan, an increase of 76.4 billion yuan compared to the previous day [1] Sector Performance - The AI application concept saw a pullback, with stocks like Fushi Holdings falling over 12% and Inspur Software hitting the daily limit down [1] - Conversely, the non-ferrous metals and coal sectors showed resilience, with stocks such as Dayou Energy and Antai Group hitting the daily limit up [1] - The cultivated diamond concept surged, with Sifangda rising over 15% and Huifeng Diamond increasing by more than 10% [1] - The anti-influenza concept was notably active, with Haiwang Biological achieving a six-day limit up and stocks like Jindike and Yuewannianqing rising over 15% [2] Influenza Drug Market - The recent rise in influenza cases has led to increased market interest in related products, with the flu positivity rate nearing 45% in national monitoring [2] - Companies like Hainan Haiyao and Dajia Weikang reported significant sales growth in influenza-related medications, indicating a robust market response [3] - Zhongsheng Pharmaceutical highlighted its competitive advantage in the influenza drug supply chain, ensuring quality and cost control [3] Stock Volatility - Several strong stocks experienced significant declines, with Saiwei Electronics dropping 19.56% after a prior increase of approximately 118% over the last ten trading days [4] - Heavily traded stocks like Hefei China and Jinfu Technology also faced sharp declines, with the latter experiencing a "limit up and down" scenario after a series of consecutive gains [6][8]

Market Overview - A-shares experienced a decline across the board, with the ChiNext index dropping over 1% and the Shanghai Composite Index closing down 0.51% at 3878 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 168.37 billion yuan, an increase of 76.4 billion yuan compared to the previous day [1] Sector Performance - The AI application concept saw a pullback, with stocks like Fushi Holdings falling over 12% and Inspur Software hitting the daily limit down [1] - Conversely, the non-ferrous metals and coal sectors showed resilience, with stocks such as Dayou Energy and Antai Group hitting the daily limit up [1] - The cultivated diamond concept surged, with Sifangda rising over 15% and Huifeng Diamond increasing by more than 10% [1] - The anti-influenza concept remained active, highlighted by Haiwang Biological achieving six consecutive limit-up days [2] Influenza-related Developments - The China CDC reported a nearly 45% positivity rate for influenza-like cases, indicating a significant rise in flu activity across the country [2] - The H3N2 subtype remains the dominant strain, accounting for over 95% of cases, with expectations of peak activity in mid-December [2] - Companies like Hainan Haiyao and Dajia Weikang are ramping up production and supply of influenza-related medications in response to rising demand [3] Stock Movements - Several strong stocks experienced sharp declines, with Saiwei Electronics dropping 19.56% after a significant prior increase of approximately 118% over the last ten trading days [4] - Heavily traded stocks such as Hefei China and Jinfu Technology also faced significant sell-offs, with both hitting the daily limit down [6][8] - Jinfu Technology's stock price had previously surged over 280% since late October, prompting warnings about potential market overheating [6][9]