Core Viewpoint - The article highlights the significant breakthrough in domestic GPU development in China, led by Jiang Xueming and his investment in Lishan Technology, which has resulted in the first fully self-developed GPU surpassing NVIDIA's RTX series in certain benchmarks and gaming performance [1] Company Developments - Jiang Xueming's company, Dongxin Co., has transitioned from textiles and cement to storage chips and now to GPUs, embodying a philosophy of engaging in industries essential for national development [1] - Dongwu Cement has introduced Suzhou state-owned capital as its largest shareholder, marking a significant integration of local state-owned enterprises with overseas capital markets [1][2] - Following the acquisition, Hong Kong Port and Shipping Group became the largest shareholder with a 28% stake, while Jiang Xueming retains 16.89% [2] Strategic Transformation - The entry of Suzhou state-owned capital into Dongwu Cement is expected to lead to a strategic transformation or the injection of new resources, potentially moving away from traditional cement operations [2][3] - Dongwu Cement has already begun divesting from its biopharmaceutical and rare earth businesses, indicating preparations for a strategic shift [2] Industry Trends - Local state-owned enterprises typically aim for industrial optimization and upgrading, focusing on strategic emerging industries such as new energy, new materials, and high-end manufacturing [3] - There is speculation that Dongwu Cement may pivot towards emerging sectors like smart warehousing, modern logistics, and low-altitude economy, with a strong emphasis on low-altitude economy due to Jiangsu's proactive stance in this area [3][4] Market Expectations - The market has reacted positively to the involvement of Suzhou state-owned capital, with Dongwu Cement's stock price increasing by over 160% since August, reflecting optimism about its future development potential [5] - The innovative model of "local state-owned capital + overseas listed platform + industrial resources" is anticipated to set a new precedent for resource optimization and integration through mixed ownership reform [5]

Group 1 - Dongwu Cement (00695) has seen a decline of over 15%, reaching a low of 4.63 HKD, which is nearly a 30% drop from the high of 6.52 HKD on Monday [1] - As of the latest update, the stock is down 12.57%, trading at 4.8 HKD with a transaction volume of 13.48 million HKD [1] Group 2 - The controlling shareholder Goldview is selling approximately 155 million shares to Suzhou State-owned Assets Supervision and Administration Commission's wholly-owned subsidiary, Hong Kong Port and Shipping, for about 286 million RMB [1] - Goldview is also selling 49.68 million shares to Fen Yuan Capital for 91.8 million RMB [1] - After these transactions, Hong Kong Port and Shipping will become the largest single shareholder of the company with a 28% stake, while Fen Yuan Capital will hold 9% [1] - Goldview's stake in the company will decrease from 53.89% to 16.89%, resulting in it no longer being the controlling shareholder [1] Group 3 - Dongwu Cement plans to sell all shares of Dongfang Chengzheng Rare Earth for 10 million HKD [1] - The company believes that selling the rare earth business will allow it to concentrate financial resources on its cement operations, improving cash flow and financial flexibility [1] - This strategic move aims to streamline operations and enhance overall financial performance [1]

Group 1 - Dongwu Cement (00695) has seen a decline of over 15%, reaching a low of 4.63 HKD, which is nearly a 30% drop from its high of 6.52 HKD on Monday [1] - As of the latest update, the stock is down 12.57%, trading at 4.8 HKD with a transaction volume of 13.48 million HKD [1] Group 2 - The controlling shareholder Goldview is selling approximately 155 million shares to Suzhou State-owned Assets Supervision and Administration Commission's wholly-owned Hong Kong subsidiary, Hong Kong Port, for about 286 million RMB, and 49.68 million shares to Fen Yuan Capital for 91.8 million RMB [1] - After these transactions, Hong Kong Port will become the largest single shareholder of the company, holding 28% of the shares, while Fen Yuan Capital will hold 9% [1] - Goldview's stake in the company will decrease from 53.89% to 16.89%, resulting in it no longer being the controlling shareholder [1] Group 3 - Dongwu Cement plans to sell all shares of Dongfang Chengzheng Rare Earth for 10 million HKD [1] - The company believes that selling the rare earth business will allow it to concentrate financial resources on its cement operations, improving cash flow liquidity and financial flexibility, thereby streamlining operations and enhancing overall financial performance [1]

Market Performance - The Hong Kong stock market showed a strong upward trend in the morning session, with major indices reaching new highs. The Hang Seng Tech Index surged by 3.49%, surpassing 6200 points, while the Hang Seng Index and the National Enterprises Index rose by 1.41% and 1.78%, respectively, with the Hang Seng Index approaching the 27000 points mark [1] Key Stocks - Major technology stocks led the market rally, with Baidu experiencing a significant increase of 15.9%. Other notable performers included JD.com, Meituan, and Alibaba, each rising over 5%, while Tencent and Xiaomi also showed strength [1] - Semiconductor stocks gained traction as SMIC reportedly tested China's first domestic DUV lithography machine, with SMIC's stock climbing 5.7% to reach a new historical high [1] Sector Performance - The aviation sector continued to rise, supported by a more than 25% increase in daily flight ticket bookings during the National Day and Mid-Autumn Festival period, which is expected to enhance airline profitability [1] - Other sectors that saw gains included Apple concept stocks, automotive stocks, robotics stocks, coal stocks, Chinese brokerage stocks, gaming stocks, and restaurant stocks [1] Declining Sectors - In contrast, spot gold prices fell below $3680, leading to declines in gold stocks and non-ferrous metal stocks. East Wu Cement experienced a nearly 11% drop following a 6.2% year-on-year decrease in national cement production in August [1] - The biopharmaceutical sector saw a majority of stocks retreat, while property management, steel, and sports goods sectors exhibited weak performance [1]

Group 1 - The cement stocks in Hong Kong experienced a collective decline, with Dongwu Cement falling over 12%, the weakest performer [1] - According to the National Bureau of Statistics, the national cement production in August was 14.802 million tons, a year-on-year decrease of 6.2% [1] - From January to August, the national cement production totaled 110.457 million tons, reflecting a year-on-year decline of 4.8% [1] Group 2 - Data indicates that the total cement production for the first eight months of 2024 was 115.907 million tons, resulting in a reduction of 5.450 million tons compared to the same period last year, a decrease of 4.7% [1] - CICC's report states that the average cement shipment rate in August 2025 is projected to be 45.2%, down from 48.8% in the same month last year [1] - The single-month cement production in August saw a year-on-year decline of 6.2%, amounting to 14.8 million tons, indicating continued weak demand during the off-season [1]

Group 1 - Dongwu Cement (00695) experienced a significant decline, dropping over 10% in the afternoon session, with a current price of HKD 5.35 and a trading volume of HKD 13.73 million [1] - The controlling shareholder Goldview, owned by non-executive director Jiang Xueming, sold approximately 155 million shares to Suzhou State-owned Assets Supervision and Administration Commission's wholly-owned Hong Kong subsidiary, Hong Kong Port, for about RMB 286 million, and 49.68 million shares to Fen Yuan Capital for RMB 91.8 million [1] - Following these transactions, Hong Kong Port will become the largest single shareholder of the company, holding 28% of the shares, while Fen Yuan Capital will own 9% [1] Group 2 - Goldview's ownership in the company will decrease from 53.89% to 16.89%, resulting in it no longer being the controlling shareholder [1] - Dongwu Cement plans to sell all shares of Dongfang Chengzheng Rare Earth for HKD 10 million, aiming to concentrate financial resources on its cement business and improve cash flow and financial flexibility [1] - The decision to divest from the rare earth business is attributed to the challenges faced in that sector, with the goal of streamlining operations and enhancing overall financial performance [1]

消息面上，东吴水泥公布，9月12日，控股股东Goldview(非执行董事蒋学明全资拥有)向苏州市国资委 全资香港附属港航香港出售近1.55亿股，代价约2.86亿元人民币；及向汾源资出售4,968万股，代价9180 万元人民币。完成后，港航香港将成为公司单一最大股东，持股28%；汾源资本持有公司股本9%； Goldview于公司持股将由53.89%降至16.89%，不再为控股股东。 此外，东吴水泥拟1000万港元出售东方诚正稀土所有股份。鉴于稀土业务面临的挑战，集团认为出售事 项将可使本集团通过将财务资源集中投入集团水泥业务及改善现金流流动性与财务灵活性，从而精简运 营及提升整体财务表现。 智通财经APP获悉，东吴水泥(00695)午后跌超10%，截至发稿，跌8.23%，报5.35港元，成交额1373.32 万港元。 ...

Core Viewpoint - Dongwu Cement (00695) has announced the sale of its entire stake in the subsidiary Oriental Chengzheng Rare Earth, with a transaction value of 10 million HKD, aiming to streamline operations and improve financial performance [1] Group 1: Company Actions - Dongwu Cement's share price increased by 3.11%, reaching 6.3 HKD, with a trading volume of 11.45 million HKD [1] - The company has entered into a sale agreement with buyer Jia Yi Holdings, which conditionally agrees to acquire the entire issued share capital of the target company [1] - Following the completion of the sale, Dongwu Cement will no longer hold any shares in the target company, and the target will cease to be a subsidiary [1] Group 2: Financial Performance - The target company has reported significant losses over the past two years, with after-tax losses of approximately 9.15 million HKD for the year ending December 31, 2023, and 27.77 million HKD for the year ending December 31, 2024 [1] - The losses are attributed to a downward trend in magnetic material prices and insufficient production scale of the sold group [1] Group 3: Strategic Focus - The company believes that the sale will allow it to concentrate financial resources on its cement business, thereby improving cash flow liquidity and financial flexibility [1] - This strategic move is aimed at streamlining operations and enhancing overall financial performance [1]

智通财经APP获悉，东吴水泥(00695)涨超3%，截至发稿，涨3.11%，报6.3港元，成交额1145.35万港 元。 消息面上，东吴水泥发布公告，于2025年9月12日，本公司(作为卖方)与买方嘉逸控股订立买卖协议， 买方已有条件同意收购，及本公司已有条件同意出售待售股份(目标公司东方诚正稀土全部已发行股 本)，代价为1000万港元。于完成后，本公司将不再持有目标公司任何股份，而目标公司亦将不再为本 公司的附属公司。因此，目标公司的财务业绩将不再并入本集团的综合财务报表。 本集团于2023年通过收购一家从事稀土永磁材料生产销售等业务的公司多数股权，进军稀土及稀土永磁 业务领域，该公司随后发展为出售集团。然而，出售集团过去两年财务表现欠佳，截至2023年12月31日 及2024年12月31日止各年度的除税后亏损分别为约915万港元及2777万港元，主要乃由于磁性材料价格 下行趋势及出售集团生产规模不足。鉴于稀土业务面临的挑战，本集团认为出售事项将可使本集团通过 将财务资源集中投入本集团水泥业务及改善现金流流动性与财务灵活性，从而精简运营及提升整体财务 表现。 ...

Major Events - China Power (02380) plans to acquire a 31% stake in Dazhou Energy [1] - Shun Teng International Holdings (00932) received a 20% discount from Chairman Zhang Shaohui for a full acquisition offer [1] - Huajian Medical (01931) established a joint venture to deepen the global blockchain financial ecosystem strategy through the "ETHK" core brand [1] - Derin Holdings (01709) signed a strategic cooperation and investment agreement with Winner Fashion (03709) [1] - Dongwu Cement (00695) major shareholder Goldview intends to sell a total of 204 million shares, making Hong Kong Aviation the single largest shareholder [1] - CSPC Pharmaceutical Group (01093) received clinical trial approval for SYH2066 tablets in China [1] - GAC Group (02238) plans to issue up to 15 billion yuan in corporate bonds and 15 billion yuan in medium-term notes [1] - Huatai Securities (06886) plans to issue up to 6 billion yuan in corporate bonds [1] - Ark Health (06086) stated that the H2H conference news is not insider information and is unaware of the reason for the stock price increase [1] Financial Data - China Resources Land (01109) reported a cumulative contract sales amount of 136.8 billion yuan for the first eight months, a year-on-year decrease of 12.0% [1] - Yuexiu Property (00123) reported a cumulative contract sales amount of approximately 73.011 billion yuan for the first eight months, a year-on-year increase of approximately 3.7% [1] - Zhong An Online (06060) reported a total original insurance premium income of approximately 23.625 billion yuan for the first eight months, a year-on-year increase of 6.36% [1]