Key Points - The stock of Renle will be delisted on July 4, 2025 [1] - Hualing Steel has been acquired by Xintai Life Insurance with a shareholding ratio of 5% [1] - Vanke A has applied for a loan of up to 6.249 billion yuan from Shenzhen Metro Group [1] - ST Yazhen has completed stock trading verification and will resume trading tomorrow [1] - Aerospace Chuangxin has regained procurement qualifications for military material engineering services [1] - Shangwei New Materials' controlling shareholder is planning a major event, and the stock will remain suspended [1] - Changling Hydraulic's actual controller is planning a change of control, and the stock will be suspended from tomorrow [1] - China Merchants Bank has been approved to establish China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan [1] - Liugang Co. has experienced a potential irrational speculation risk with its stock [1] Operating Performance - Brothers Technology expects a net profit increase of 325% to 431.25% year-on-year for the first half of the year [1] - Huayin Power anticipates a net profit increase of 175 million to 215 million yuan year-on-year for the first half [1] - Xutian Salt Industry expects a net profit decrease of 76.34% to 80.29% year-on-year for the first half [1] - Juguang Technology expects a net loss of 42 million to 54 million yuan for the first half [1] - Beibu Gulf Port reported a cargo throughput of 31.1158 million tons in June, a year-on-year increase of 2.56% [1] - China Nuclear Power generated 115.104 billion kWh of electricity in the first half, a year-on-year increase of 15.92% [1] - Changyuan Power completed a power generation of 16.715 billion kWh in the first half, a year-on-year decrease of 8.3% [1] - Poly Developments signed contracts worth 29.011 billion yuan in June, a year-on-year decrease of 30.95% [1] Shareholding Changes - Jingye Da's actual controller plans to reduce holdings by no more than 3% [1] - Deyi Cultural Creation's actual controller Wu Tifang plans to reduce holdings by no more than 3% [1] - Caifu Trend's actual controller and chairman plan to reduce holdings by no more than 3% [1] - Annuo Qi's actual controller plans to reduce holdings by no more than 2% [1] - Suotong Development's actual controller and concerted actors plan to reduce holdings by no more than 2.21% [1] - Dingsheng Co.'s controlling shareholder plans to reduce holdings by no more than 1.71% [1] - Weitang Industrial's controlling shareholder plans to reduce holdings by no more than 1.95% [1] - Jinlong Automobile's Fujian Investment Group plans to reduce holdings by no more than 1% [1] - Wanye Enterprises' Guosheng Capital plans to reduce holdings by no more than 0.2% [1] - Zhonggang Luonai's Guoxin Shuangbai No.1 plans to reduce holdings by no more than 0.5% [1] - Funeng Technology's Shenzhen Anyan Investment plans to reduce holdings by no more than 1% [1] - Ankang Technology's Shenzhen High-tech Investment plans to reduce holdings by no more than 3% [1] - Donglai Technology plans to reduce no more than 1.2048 million repurchased shares [1] - Qujiang Cultural Tourism's controlling shareholder's 12 million shares are set to be auctioned [1] - Hesheng Silicon Industry's controlling shareholder plans to exchange no more than 1% of shares for ETF shares [1] Contract Awards - Boshi Co. signed an outsourcing service contract worth 109 million yuan with Guangxi Petrochemical [1] - Zhongyou Engineering's subsidiary signed a contract worth 294 million USD for the Atavi GMP pipeline project with Total Energy [1] - China Electric Power Construction's subsidiary signed a mining transportation project contract worth approximately 5.063 billion yuan [1] Other Developments - Xingxin New Materials plans to invest in a project with an annual output of 153,000 tons of polyolefin amine series products [4] - Haishun New Materials plans to acquire Sirewen Company to expand the application of electronic film materials in the semiconductor field [4] - Wankai New Materials is undergoing production reduction and maintenance, which is expected to significantly impact overall operating performance [4] - Donghu High-tech is participating in the establishment of the Donggao Frontier Phase II Fund to improve the development model of the park operation sector [4] - Jiete Biological plans to participate in the establishment of an industrial fund primarily investing in early and mid-stage biopharmaceutical projects [4] Asset Sales - Nord Shares plans to sell 70% equity of its wholly-owned subsidiary Jiangsu Lianxin for 70 million yuan [5]

Core Viewpoint - Xue Tian Salt Industry is expecting a significant decline in its net profit for the first half of 2025, projecting a decrease of 76.34% to 80.29% compared to the previous year, primarily due to macroeconomic factors and a drop in market prices for some products [2] Company Performance - The company anticipates a net profit of between 64.78 million to 77.74 million yuan for the first half of 2025, down from a decrease of 251 million to 263.4 million yuan year-on-year [2] - Xue Tian Salt Industry's net profit for 2024 was only 303 million yuan, which is a 50% reduction compared to 2023 and less than 40% of the 838 million yuan recorded in 2022 [2] - In Q1 2025, the company's revenue was 1.131 billion yuan, reflecting a year-on-year decline of 27.24%, with net profit dropping over 85% to 26.7 million yuan [2] Distribution Network Changes - By the end of 2024, the number of distributors for Xue Tian Salt Industry decreased by over 3,000, primarily due to a reduction in distributors outside the province as part of a strategy to upgrade marketing and optimize customer relationships [3] - In Q1 2025, the downward trend in the number of distributors continued, with a reduction of over 2,000 [3] Market Conditions and Industry Outlook - The company attributes its performance decline to macroeconomic conditions and market price drops, facing skepticism from investors regarding the severity of its decline compared to peers like Su Yan Jing Shen, which have not experienced similar downturns [3] - Xue Tian Salt Industry's response to investor concerns highlighted differences in product structure and regional markets compared to competitors [3] - The company’s main businesses are salt and soda ash, with the latter expected to face production capacity constraints due to environmental policies related to carbon neutrality [4] - The salt industry is anticipated to evolve towards marketization and diversification, with increasing demand for high-end salt products driven by health-conscious consumer trends [4]

Group 1 - Shengde Xintai won a bid for a thermal power steel pipe project worth approximately 217 million yuan, accounting for 8.15% of its audited revenue for 2024 [1] - High-speed Electric's subsidiary won a project for the Shanghai-Nanjing-Hefei high-speed railway, with a bid amount of 71.76 million yuan [1] - Cangge Mining's subsidiary received a construction permit for a lithium-boron mining project, with a construction area of 106,900 square meters [2] Group 2 - China Electric Power Construction signed a mining transportation project contract in Guinea worth approximately 5.063 billion yuan, with a total duration of about 72 months [3] - Guobang Pharmaceutical's subsidiary completed the registration of an equity investment fund focusing on strategic emerging industries [4] - Deshi Co. obtained two invention patents related to oil and gas field development [5][26] Group 3 - Xue Tian Salt Industry expects a significant decrease in net profit for the first half of 2025, projecting a decline of 76.34% to 80.29% [6] - Rundu Co. received a drug registration certificate for moxifloxacin hydrochloride tablets, used for treating various bacterial infections [7] - China Nuclear Power reported a 15.65% increase in power generation in the first half of the year, with nuclear power generation up by 12.01% [8] Group 4 - Suqian Liansheng obtained two invention patents related to wastewater treatment methods [9] - Boshi Co. signed a 109 million yuan operation and maintenance service contract for solid product packaging [11] - *ST Sailong's subsidiary received a drug registration certificate for torasemide injection, used for various medical conditions [13] Group 5 - North Bay Port reported a 10.95% increase in cargo throughput for the first half of 2025, with container throughput also showing growth [14] - Kaiwei Te expects a revenue increase of 56.17% to 90.87% for the first half of 2025 [15] - Wankai New Materials plans to reduce production and conduct maintenance on 60,000 tons of PET capacity, affecting overall performance [16] Group 6 - Haiwang Bio's HW130 injection successfully completed Phase I clinical trials, showing good safety and tolerability [19] - Zhenai Meijia received a total of 22.8 million yuan in compensation for land acquisition, which will significantly impact its 2025 performance [20] - Changyuan Electric reported a 23.58% decrease in power generation in June, with a notable decline in thermal power generation [21] Group 7 - Shouxiangu's subsidiary completed the registration of two health food products [22] - Kailun Co. announced the resignation of its deputy general manager and board secretary [23] - Xibu Muye reported a 2.15% year-on-year increase in fresh milk production in June [24] Group 8 - Deshi Co. obtained two invention patents related to oil and gas field development [26] - Jingwei Huikai plans to acquire a 12.44% stake in Nuo Si Micro for 149 million yuan [27] - Electric Alloy completed the registration of its subsidiary in Mexico [29] Group 9 - Meinuohua expects a net profit increase of 142.84% to 174.52% for the first half of 2025 [30] - Guizhou Moutai repurchased approximately 3.38 million shares, accounting for 0.2692% of its total share capital [31][32] - Warner Pharmaceutical received approval for the listing application of a raw material drug for treating respiratory diseases [34] Group 10 - Yuan Dong Bio's independent director is under investigation for serious violations [35] - Dash Intelligent signed a contract for a smart project worth 11.88 million yuan [36] - Dayou Energy plans to transfer 586,500 tons of coal production capacity replacement indicators [37] Group 11 - Foton Motor reported a 150.96% increase in new energy vehicle sales in the first half of 2025 [39] - Renfu Pharmaceutical's shareholder plans to increase its stake by 1% to 2% [40] - Zongshen Power expects a net profit increase of 70% to 100% for the first half of 2025 [42] Group 12 - Yingboer plans to sell its wholly-owned subsidiary for 239 million yuan [44] - Changan Automobile reported a 1.59% increase in total vehicle sales in the first half of 2025 [46] - Fulian Precision signed a cooperation framework agreement with Sichuan Development Longmang [48] Group 13 - Nengte Technology plans to repurchase shares worth 300 million to 500 million yuan [50] - Longsoft Technology's controlling shareholder donated 3.43% of the company's shares [51] - Data Port's shareholders plan to reduce their holdings by up to 2% [52]

[I. Current Period Performance Forecast](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) Xuetian Salt Industry anticipates a significant decline exceeding 76% in both net profit attributable to shareholders and net profit after deducting non-recurring gains and losses for H1 2025, primarily due to market price reductions [(I) Performance Forecast Period](index=1&type=section&id=(I)%20Performance%20Forecast%20Period) - This performance forecast covers the period from **January 1, 2025, to June 30, 2025**[4](index=4&type=chunk) [(II) Performance Forecast Details](index=1&type=section&id=(II)%20Performance%20Forecast%20Details) Key Financial Indicators for 2025 Semi-Annual Performance Forecast | Indicator | Estimated Amount (10,000 RMB) | Decrease Year-on-Year (10,000 RMB) | Decrease Year-on-Year (%) | | :------------------------------------------- | :---------------------------- | :------------------------------- | :------------------------ | | Net Profit Attributable to Parent Company Shareholders | 6,478 - 7,774 | 25,086.45 - 26,382.45 | 76.34 - 80.29 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | 4,092 - 4,910 | 21,779.67 - 22,597.67 | 81.60 - 84.67 | - This performance forecast is a preliminary estimate by the company based on its operating conditions and has not been audited by an accounting firm[5](index=5&type=chunk) [II. Operating Performance and Financial Status for the Same Period Last Year](index=2&type=section&id=Item%20II.%20Operating%20Performance%20and%20Financial%20Status%20for%20the%20Same%20Period%20Last%20Year) The company provides its 2024 semi-annual operating results, including total profit, net profit, and earnings per share, for investor comparison 2024 Semi-Annual Operating Performance and Financial Status | Indicator | Amount (10,000 RMB) | | :------------------------------------------- | :------------------ | | Total Profit | 37,160.96 | | Net Profit Attributable to Parent Company Shareholders | 32,860.45 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | 26,689.67 | | Earnings Per Share (RMB/share) | 0.1981 | [III. Main Reasons for Performance Pre-reduction in the Current Period](index=2&type=section&id=Item%20III.%20Main%20Reasons%20for%20Performance%20Pre-reduction%20in%20the%20Current%20Period) The substantial performance decrease is mainly due to a year-on-year decline in market prices for some products, with the company planning lean management and cost reduction for H2 2025 - The main reason: During the reporting period, affected by macroeconomic and market changes, the market prices of some of the company's products decreased year-on-year, leading to a **significant decline in net profit attributable to shareholders of listed companies**[7](index=7&type=chunk) - Countermeasures: In the second half of 2025, the company will continue to implement **lean management, extreme cost reduction**, and other measures to continuously enhance its market competitiveness and create value for efficient company operations[7](index=7&type=chunk) [IV. Risk Warning](index=2&type=section&id=Item%20IV.%20Risk%20Warning) This performance forecast is a preliminary estimate, unaudited by an accounting firm, but the company expects no significant uncertainties affecting its accuracy - This performance forecast is a preliminary estimate by the company based on its operating conditions and has not been audited by an accounting firm[8](index=8&type=chunk) - The company expects no major uncertainties affecting the accuracy of this performance forecast[8](index=8&type=chunk) [V. Other Explanatory Matters](index=2&type=section&id=Item%20V.%20Other%20Explanatory%20Matters) The company reiterates that the forecast data are preliminary, with final accurate figures subject to the official 2025 semi-annual report, urging investors to exercise caution - The above forecast data are preliminary accounting data, and the specific accurate financial data will be subject to the company's officially disclosed **2025 semi-annual report**[9](index=9&type=chunk) - Investors are kindly reminded to pay attention to investment risks[9](index=9&type=chunk)

Core Viewpoint - Xue Tian Salt Industry (600929) expects a significant decline in net profit for the first half of 2025 compared to the same period last year, indicating potential challenges ahead for the company [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company ranging from 64.78 million to 77.74 million yuan, representing a decrease of 251 million to 264 million yuan year-on-year, which translates to a decline of 76.34% to 80.29% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 40.92 million and 49.10 million yuan, reflecting a reduction of 218 million to 226 million yuan compared to the previous year, equating to a decrease of 81.60% to 84.67% [1]

关于主体信用评级结果的公告 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。 证券代码：600929 证券简称：雪天盐业 公告编号：2025-037 雪天盐业集团股份有限公司 特此公告。 雪天盐业集团股份有限公司董事会 2025 年 7 月 3 日 近日，雪天盐业集团股份有限公司（以下简称公司）委托信用评级 机构东方金诚国际信用评估有限公司（以下简称东方金诚）对公司主体 信用状况进行了评级。 东方金诚在对公司生产经营状况及相关行业情况进行综合分析与 评估的基础上，向公司出具了《雪天盐业集团股份有限公司主体信用评 级报告》，评定公司主体信用等级为 AAA，评级展望为"稳定"，有 效期为 2025 年 6 月 30 日至 2026 年 6 月 29 日。 ...

Core Insights - Artificial intelligence (AI) is a significant driver of the new technological revolution and industrial transformation, profoundly changing production, lifestyle, and learning methods [1] - XueTian Salt Industry (600929) has launched the first AI-powered salt knowledge assistant, "Yan Zhi Xiao," leveraging the DeepSeek model to enhance digital marketing and drive business growth [1] Group 1: Marketing Transformation - The salt industry faces increasing competition, and traditional marketing methods are becoming less effective due to diverse consumer information channels and evolving consumer demands for health and nutrition [2] - "Yan Zhi Xiao" serves as a multifunctional assistant for marketing personnel and a one-stop health salt expert for consumers, utilizing natural language processing and machine learning to create intelligent interactions [2][3] - The AI assistant can match consumer health needs and preferences with suitable salt products, enhancing consumer experience and increasing marketing effectiveness while reducing costs [3] Group 2: Personalized Marketing - The shift from product-centered to user-centered marketing is crucial in the digital age, where personalized services and instant satisfaction are essential to meet rising consumer expectations [4] - "Yan Zhi Xiao" offers personalized salt recommendations and meal suggestions based on consumer preferences and local dietary habits, providing a customized experience akin to having a personal nutritionist [4] - The integration of AI and big data allows for real-time market demand sensing, enabling the company to adjust production and marketing strategies swiftly in response to consumer inquiries [4] Group 3: Value Chain Enhancement - The deep application of AI technology is transforming the industry from traditional models to intelligent ecosystems, enhancing efficiency and effectiveness [5] - The promotion of "Yan Zhi Xiao" aligns with national health strategies, providing a framework for healthy eating and establishing the company as a "professional nutrition steward" in public health [5] - By showcasing technological advancements, the company strengthens its brand image and consumer trust, positioning itself as an innovative leader in digital transformation [5] Group 4: Future Outlook - In a challenging market environment, the company is exploring a new model of intelligent marketing through "human-machine collaboration," aiming for high-quality development in the traditional industry [6] - The AI assistant represents a strategic pivot towards consumer co-creation and collaboration, optimizing business models and expanding growth opportunities in the salt industry [6]

Core Viewpoint - On June 30, a total of 31 listed companies had their restricted shares unlocked, with a total market value of approximately 31.50 billion yuan [1]. Group 1: Unlocking Details - The specific details of the restricted share unlocks include: - Meili Ecology (000010): 239 million shares from A-share issuance to original shareholders - Xingrong Environment (000598): 4.926 million shares from equity incentive lock-up - Yueyang Xinchang (000819): 526,800 shares from equity incentive lock-up - Gaohong Co., Ltd. (000851): 4.944 million shares from equity incentive lock-up - Zhongyan Chemical (600328): 470,460 shares from equity incentive lock-up - Yangnong Chemical (600486): 115,480 shares from equity incentive lock-up - Kangyuan Pharmaceutical (600557): 2.6093 million shares from equity incentive lock-up - Keda Technology (002518): 1.3953 million shares from equity incentive lock-up - Longci Technology (300835): 562,700 shares from equity incentive lock-up - Weiming Environmental Protection (603568): 3.129 million shares from equity incentive lock-up - Dongrui Co., Ltd. (001201): 486,400 shares from A-share issuance to original shareholders - Sanwei Co., Ltd. (603033): 1.183 million shares from equity incentive lock-up - Naer Co., Ltd. (002825): 140,000 shares from equity incentive lock-up - Jinyinhe (300619): 1.6248 million shares from A-share issuance to legal persons - Tianyuan Environmental Protection (301127): 14.6 million shares with extended lock-up period - Youningwei (301166): 40.6188 million shares with extended lock-up period - Xutian Salt Industry (600929): 3.033 million shares from equity incentive lock-up - Keli Sensor (603662): 722,800 shares from equity incentive lock-up - Gongniu Group (603195): 641,200 shares from equity incentive lock-up - Fuyuan Pharmaceutical (601089): 27.5 million shares from pre-issue lock-up - Xinbang Intelligent (301112): 7.4097 million shares from pre-issue lock-up - Shanghai Port Bay (605598): 29,400 shares from equity incentive lock-up - Dingjide (603255): 507,500 shares from equity incentive lock-up - United Precision (001268): 6.154 million shares from pre-issue lock-up - Pinggao Co., Ltd. (688227): 48.9585 million shares - Chunli Medical (688236): 20.9 million shares - Zhongwulian (688297): 40.3 million shares - Lais Information (688631): 163,480 shares - Shichuang Energy (688429): 200,000 shares - Xindong Link (688582): 220,840 shares - Aike Saibo (688719): 100,000 shares [2].

证券代码：600929 证券简称：雪天盐业 公告编号：2025-036 雪天盐业集团股份有限公司（以下简称公司）于 2025 年 4 月 14 日召开第五届董事会第五次会议，并于 2025 年 5 月 9 日召开 2024 年 年度股东大会，审议通过了《关于变更注册资本、经营范围暨修订公 司章程的议案》，对公司原经营范围及注册资本做相应调整，并对《公 司章程》相应条款进行修订。 上述具体内容详见公司于2025 年4月15日在上海证券交易所网 站（www.sse.com.cn）披露的《关于变更注册资本、经营范围暨修订 公司章程的公告》（公告编号：2025-017）。 关于完成工商变更登记并换发营业执照的公告 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。 雪天盐业集团股份有限公司 统一社会信用代码：914300005870340659 名称：雪天盐业集团股份有限公司 类型：其他股份有限公司（上市） 住所：长沙市雨花区时代阳光大道西 388 号 法定代表人：马天毅 注册资本：壹拾陆亿肆仟零柒拾壹万壹仟陆佰元伍拾元整 公司于近日完 ...

Core Viewpoint - The announcement details the third unlock period for the restricted stock incentive plan of Xue Tian Salt Industry Group Co., Ltd, with 2,915,100 shares set to be released for trading on June 30, 2025 [1][9]. Summary by Sections Important Content Highlights - The stock type is equity incentive shares, with a total of 2,915,100 shares to be listed for trading [1]. - The listing date for the stock is June 30, 2025 [1]. Implementation of the 2021 Restricted Stock Incentive Plan - The plan was approved by the third board of directors and the supervisory board, with independent directors expressing clear agreement [2][3]. - The plan's implementation has been disclosed according to relevant regulations [2]. Historical Grant and Unlock Conditions - The first grant occurred on May 11, 2021, at a price of 2.60 yuan per share, totaling 14.12 million shares for 89 individuals [4]. - The third unlock period is set to begin on June 28, 2025, with 30% of the initially granted shares eligible for release [5][6]. Conditions for Unlocking Shares - The company has not faced any disqualifying events, such as negative audit opinions or violations of profit distribution commitments [6][7]. - The performance targets for 2023 include a compound annual growth rate of at least 10% in revenue compared to 2019, with specific financial metrics outlined [8]. Stock Structure Changes Post-Unlock - After the unlock, the number of restricted shares will decrease from 4,001,252 to 1,086,152, while unrestricted shares will increase by 2,915,100 [9]. - The total share count remains at 1,640,711,650 post-unlock [9]. Legal Compliance - The unlocking of shares meets the conditions set forth in the incentive plan and complies with relevant laws and regulations [10].