Group 1: SAIC Motor Corporation - In November, SAIC Motor's total vehicle sales reached 460,800 units, a year-on-year decrease of 3.75% [1] - New energy vehicle sales were 209,400 units, showing a year-on-year increase of 19.75% [1] - Cumulative vehicle sales from January to November reached 4,108,100 units, a year-on-year increase of 16.38% [1] - SAIC's subsidiary plans to establish a private equity fund focused on the smart electric vehicle industry with an initial subscription size of 1.09 billion yuan [1] Group 2: Top Group - Top Group is planning to issue H-shares and list on the Hong Kong Stock Exchange [2] - The company is in discussions with relevant intermediaries regarding the specifics of the H-share listing [2] Group 3: Ningbo Fuda - Ningbo Fuda's subsidiary intends to publicly sell 100% equity of its subsidiary, Hekou Yingzhou Cement Company, with an assessed value of 1.5752 million yuan [4] Group 4: Fuguang Co., Ltd. - Fuguang Co., Ltd. plans to sell a 25% stake in its associate company, Xiaotunpai, for 67.2636 million yuan [5] Group 5: Puluo Pharmaceutical - Puluo Pharmaceutical's subsidiary received a drug registration certificate for Amoxicillin and Clavulanate Potassium Tablets, used for various infections [6][7] Group 6: Fosun Pharma - Fosun Pharma's subsidiary received approval to conduct Phase I clinical trials for a dual-specific antibody injection for treating advanced solid tumors [8] Group 7: Far East Group - Far East Group's subsidiaries won contracts totaling 2.383 billion yuan in November [9] Group 8: Samsung Medical - Samsung Medical's subsidiary is expected to win a procurement project from the State Grid worth approximately 124 million yuan [10] Group 9: Changhua Group - Changhua Group received a development notification from a domestic automaker, with an expected total sales amount of approximately 732 million yuan over five years [12] Group 10: Xinbang Intelligent - Xinbang Intelligent's application for issuing shares to acquire Wuxi Yindichip Microelectronics has been accepted by the Shenzhen Stock Exchange [14] Group 11: Jinjing Development - Jinjing Development's subsidiary won a residential and commercial land bid in Tianjin for 474 million yuan [16] Group 12: Guohong Holdings - Guohong Holdings signed an investment framework agreement to develop a strategic emerging industry park in Tanzhou Town [17] Group 13: Hanma Technology - Hanma Technology reported a 149.94% year-on-year increase in truck sales in November, totaling 2,002 units [22] Group 14: Yufeng Group - Yufeng Group decided to terminate its plan to issue A-shares due to the expiration of authorization and market conditions [24] Group 15: Zhenhua Electric - Zhenhua Electric's subsidiary plans to invest up to 201 million yuan in a private equity fund focused on specific industries, including new energy [28] Group 16: Fuao Co., Ltd. - Fuao Co., Ltd. completed the transfer of 40% equity in Fuao Wan'an for 26.222 million yuan [29] Group 17: Baotailong - Baotailong plans to acquire an additional 2.83% stake in its subsidiary, totaling 15 million yuan [31] Group 18: Zhongchao Holdings - Zhongchao Holdings' subsidiaries won projects totaling 1.318 billion yuan [32] Group 19: Annie Co., Ltd. - Annie Co., Ltd. announced a potential change in control, leading to a temporary suspension of its stock [34] Group 20: Ganfeng Lithium - Ganfeng Lithium's subsidiary plans to issue $100 million in exchangeable notes [38]

Core Viewpoint - Ningbo Fuda (600724.SH) aims to optimize its equity structure and reduce operational risks by selling 100% equity of its wholly-owned subsidiary, Hekou Yingzhou Cement Co., Ltd. [1] Group 1 - The sale will be conducted through public listing at Ningbo Property Rights Exchange [1] - The assessed value of Hekou Company's total equity is 1.5752 million yuan [1] - Following the transaction, the subsidiary Mengzi Company will no longer hold any equity in Hekou Company, and Hekou Company will be excluded from the consolidated financial statements of the company [1]

Core Viewpoint - Ningbo Fuda (600724.SH) announced the sale of its wholly-owned subsidiary, Hekou Yingzhou Cement Co., Ltd., to optimize its equity structure and reduce operational risks [1] Group 1: Transaction Details - The transaction involves the public listing of 100% equity of Hekou Company through Ningbo Property Rights Exchange [1] - The assessed value of the total equity of Hekou Company is 1.5752 million yuan [1] - Upon completion of the transaction, the controlling subsidiary, Mengzi Company, will no longer hold any equity in Hekou Company, and Hekou Company will be excluded from the consolidated financial statements of the company [1]

关于控股子公司拟公开挂牌出售河口瀛洲水泥 有限公司 100%股权的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●宁波富达股份有限公司（以下简称"公司"）控股子公司蒙自瀛洲水泥有限 责任公司（以下简称"蒙自公司"）拟通过宁波产权交易中心以公开挂牌方式出售 其全资子公司河口瀛洲水泥有限公司（以下简称"河口公司"）100%股权，河口公 司的股东全部权益评估价值为人民币 157.52 万元。本次交易完成后，公司控股子 公司蒙自公司不再持有河口公司股权，河口公司将不再纳入公司合并报表的范围。 ●本次交易未达到董事会审议标准，无需提交董事会审议。 ●本次交易通过公开挂牌方式进行，受让方与最终交易价格均存在不确定性， 尚不确定是否会触及关联交易，如触及关联交易，公司将及时按照相关规定履行关 联交易的审议程序及信息披露义务。 证券代码：600724 证券简称：宁波富达 公告编号：2025-038 宁波富达股份有限公司 根据浙江银信资产评估有限公司为本次交易出具的《蒙自瀛洲水泥有限责任公 司拟转让股权所涉及的河口瀛洲水 ...

Core Insights - The real estate service sector experienced a 0.52% increase on December 1, with Zhujiang Co. leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Stock Performance - Zhujiang Co. (600684) closed at 4.77, up 3.25% with a trading volume of 364,300 shares and a turnover of 173 million yuan [1] - China Merchants Jin Yu (001914) closed at 11.17, up 1.73% with a trading volume of 115,300 shares and a turnover of 130 million yuan [1] - ST Ming Cheng (600136) closed at 1.82, up 0.55% with a trading volume of 89,000 shares and a turnover of 16.21 million yuan [1] - Other notable performances include: - Wangting International (000056) at 2.40, up 0.42% [1] - Ningbo Fuda (600724) at 5.32, up 0.38% [1] - Shilian Hang (002285) at 3.04, up 0.33% [1] - Te Fa Service (300917) at 42.12, down 0.02% [1] - Zhong Tian Service (002188) at 6.26, down 0.16% [1] - Xin Da Zheng (002968) at 12.04, down 0.66% [1] - Wo Ai Wo Jia (000560) at 3.10, down 0.96% [1] Capital Flow - The real estate service sector saw a net outflow of 130 million yuan from institutional investors, while retail investors contributed a net inflow of 121 million yuan [2] - The capital flow for individual stocks shows: - Zhujiang Co. had a net outflow of 31.08 million yuan from institutional investors [3] - Ningbo Fuda experienced a net inflow of 961,300 yuan from institutional investors [3] - ST Ming Cheng had a net inflow of 341,900 yuan from retail investors [3] - Shilian Hang saw a net outflow of 52.50 million yuan from institutional investors [3]

Core Viewpoint - Ningbo Fuda (600724) announced the intention to sell 100% equity of its wholly-owned subsidiary, Hekou Yingzhou Cement Co., Ltd., through a public listing at Ningbo Property Rights Exchange, with the assessed value of the equity at 1.5752 million yuan [1] Group 1 - The sale involves the subsidiary Hekou Yingzhou Cement Co., Ltd. [1] - The assessed value of the equity being sold is 1.5752 million yuan [1] - The transaction will be conducted via public listing at Ningbo Property Rights Exchange [1]

Core Viewpoint - Ningbo Fuda (600724.SH) announced the sale of its wholly-owned subsidiary, Hekou Yingzhou Cement Co., Ltd., through a public listing on the Ningbo Property Rights Exchange, with the assessed value of the equity at RMB 1.5752 million [1] Group 1 - The transaction will result in the complete divestment of Hekou Company from the controlling subsidiary, Mengzi Yingzhou Cement Co., Ltd. [1] - Following the completion of this transaction, Hekou Company will no longer be included in the consolidated financial statements of the company [1]

Core Insights - The real estate service sector increased by 1.91% on November 28, with Shijie Holdings leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Shijie Holdings (002285) closed at 3.03, up 10.18% with a trading volume of 2.6988 million shares and a transaction value of 783 million yuan [1] - Nandu Property (603506) closed at 12.44, up 2.47% with a trading volume of 25,100 shares and a transaction value of 30.7785 million yuan [1] - Zhongtian Service (002188) closed at 6.27, up 2.12% with a trading volume of 71,300 shares and a transaction value of 44.0854 million yuan [1] - Ningbo Fuda (600724) closed at 5.30, up 1.73% with a trading volume of 67,100 shares and a transaction value of 35.1699 million yuan [1] - Xinda Zheng (002968) closed at 12.12, up 1.59% with a trading volume of 24,100 shares and a transaction value of 28.9438 million yuan [1] - Tefa Service (300917) closed at 42.13, up 1.54% with a trading volume of 88,100 shares and a transaction value of 370 million yuan [1] - Zhujiang Co. (600684) closed at 4.62, up 1.54% with a trading volume of 163,400 shares and a transaction value of 74.6985 million yuan [1] - Wo Chou Zhao Jia (000560) closed at 3.13, up 1.29% with a trading volume of 2.2253 million shares and a transaction value of 690 million yuan [1] - Huangting International (000056) closed at 2.39, up 1.27% with a trading volume of 301,600 shares and a transaction value of 71.2366 million yuan [1] - ST Mingcheng (600136) closed at 1.81, up 1.12% with a trading volume of 91,800 shares and a transaction value of 16.5327 million yuan [1] Capital Flow - The real estate service sector saw a net inflow of 208 million yuan from main funds, while retail funds experienced a net outflow of 128.9 million yuan and 78.5123 million yuan respectively [2]

Core Viewpoint - Ningbo Fuda's stock closed at 5.16 yuan on November 24, with a PE ratio of 34.08 times, indicating a relatively lower valuation compared to the industry average [1] Company Summary - Ningbo Fuda's main business includes leasing, self-operated joint ventures, and management of commercial real estate, as well as the production and sale of cement and its products [1] - The company's primary products are 32.5-grade cement, 42.5-grade cement, and marine cement [1] - As of the third quarter of 2025, the company reported an operating income of 1.1 billion yuan, a year-on-year decrease of 11.44%, while net profit was 169 million yuan, a year-on-year increase of 5.63%, with a gross profit margin of 28.67% [1] Industry Summary - The average PE ratio for the real estate development industry is 43.98 times, with a median of 30.55 times, positioning Ningbo Fuda at the 65th rank within the industry [1] - As of the third quarter of 2025, five institutions held shares in Ningbo Fuda, with a total holding of 1,134.90 million shares valued at 5.629 billion yuan [1]

Core Insights - The real estate service sector experienced a decline of 1.19% on November 21, with Zhongtian Service leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Shilianhang (002285) saw a significant increase of 9.96%, closing at 2.87, with a trading volume of 2.8435 million shares and a transaction value of 797 million [1] - Zhongtian Service (002188) dropped by 7.04%, closing at 5.94, with a trading volume of 160,100 shares and a transaction value of 97.7867 million [2] - Other notable declines included Zhujiang Co. (600684) down 4.49% and Ningbo Fuda (600724) down 4.69% [1][2] Capital Flow - The real estate service sector saw a net outflow of 22.1977 million from institutional investors and 13.9504 million from speculative funds, while retail investors had a net inflow of 36.1481 million [2] - Shilianhang had a net inflow of 132 million from institutional investors, but a net outflow of 45.2078 million from speculative funds [3] - The overall trend indicates a shift in capital dynamics within the sector, with retail investors showing resilience amidst institutional and speculative outflows [2][3]