Mergers and Acquisitions - China International Capital Corporation (CICC) is planning to absorb and merge with Dongxing Securities and Xinda Securities through a share swap, with stock trading resuming on December 18, 2025 [2] - Wanlong Optoelectronics intends to acquire 100% of Zhongkong Information's shares, which is expected to constitute a major asset restructuring, with stock trading resuming on December 18, 2025 [3] - Xiaocong Co., Ltd. announced that its controlling shareholder plans to transfer 9.25% of its shares to Jiasheng Times, resulting in a change of control [4] - Pulutong plans to acquire 100% of Leqi Cayman and 8.26% of Hangzhou Lemai's shares, with stock trading resuming on December 18, 2025 [5] - Fengxing Co. intends to purchase 75% of Baiyin Huaxin's shares, which is expected to constitute a major asset restructuring [7] - Meike Home is planning to acquire control of Shenzhen Wandeng Technology Co., Ltd., with stock trading suspended on December 18, 2025 [15] Financial Performance and Investments - Deep City Transportation plans to raise no more than 1.8 billion yuan through a private placement for projects related to intelligent transportation equipment and global business expansion [10] - Huasheng Tiancheng received an arbitration ruling requiring it to return 35 million yuan in reward funds to the Changzhou High-tech Zone Management Committee, along with interest payments [11] - Xiangrong Data signed a cooperation agreement for a project focused on the research and production of optical modules, which is expected to positively impact future business performance [16] Stock Trading and Shareholder Changes - Chuangxin Electronics announced that its controlling shareholder is planning a change of control, with stock trading suspended on December 18, 2025 [6] - Fenglong Co. is also planning a change of control, with stock trading suspended on December 18, 2025 [9] - Huayi Brothers reported a reduction in shareholding by Alibaba's investment arm, bringing its stake below 5%, which is expected to stabilize the company's equity structure [22] - Strait Co., Ltd. plans to reduce its stake in Zhonglun New Materials by up to 2% due to funding needs [23] Share Buybacks - China Metallurgical Group plans to repurchase A-shares worth between 1 billion and 2 billion yuan, with the intention of reducing registered capital [18] - Yanjinpuzi intends to repurchase between 2.6 million and 3 million shares at a price not exceeding 109.32 yuan per share [19] - Huakai Yibai plans to repurchase shares worth between 15 million and 30 million yuan, with a maximum price of 17.35 yuan per share [20] Major Contracts - China CRRC signed contracts totaling approximately 53.31 billion yuan, including significant contracts for wind power and energy storage equipment [25]

Key Points - The core viewpoint of the announcements highlights various corporate activities including acquisitions, investments, and share buybacks across multiple companies in the market [1][2][3] Group 1: Corporate Activities - Tongrentang (600085.SH) does not hold any direct or indirect equity or investment rights in Sichuan Health Pharmaceutical related to Antarctic krill oil [2] - Victory Energy (001331.SZ) has no plans for a reverse merger through the listed company in the next 36 months [2] - Xiechuang Data (300857.SZ) plans to invest in the research and production of optical chips and modules [2] - Pubon Co., Ltd. (002663.SZ) has jointly won the construction project for Xiangmi Lake Park [2] - Baiyunshan (600332.SH) subsidiary Guangzhou Pharmaceutical intends to acquire 100% equity of Zhejiang Medical Engineering for 500.5 million yuan [2] Group 2: Share Buybacks and Capital Increases - China Metallurgical Group (601618.SH) plans to repurchase company shares worth between 1 billion to 2 billion yuan [2] - Shengxing Co., Ltd. (002752.SZ) intends to raise no more than 1.157 billion yuan through a private placement [3] - Shenzhen Urban Transport (301091.SZ) plans to raise no more than 1.8 billion yuan through a private placement [3] Group 3: Shareholding Changes - Sanwei Tiandi (301159.SZ) actual controller and concerted parties plan to reduce their holdings by no more than 3% [2] - Zhaobiao Co., Ltd. (301136.SZ) controlling shareholder intends to reduce holdings by no more than 3% [2]

Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to initiate a share repurchase program of up to 2.5 billion yuan to stabilize market sentiment following a significant drop in stock price due to a major asset sale announcement [2][4]. Group 1: Share Repurchase Plan - The company announced a share repurchase plan involving a maximum of 2.5 billion yuan, with A-shares repurchase amounting to no less than 1 billion yuan and no more than 2 billion yuan, while H-shares will not exceed 500 million yuan [2][6]. - The repurchased shares will be used for cancellation and reduction of the company's registered capital [2]. - The repurchase price for A-shares is capped at 4.90 yuan per share, with a repurchase period of 12 months from the approval date by the shareholders' meeting [6][9]. Group 2: Asset Sale Background - The repurchase plan follows a major asset sale announcement on December 8, where China MCC plans to sell assets worth 60.676 billion yuan to its controlling shareholder, China Minmetals, and related parties [4]. - The assets involved include 100% equity of MCC Real Estate and various other significant assets, with the aim to focus on core business areas such as metallurgical engineering and mining [4][5]. - The evaluation of the assets showed a stark contrast, with MCC Real Estate experiencing a 45.18% impairment, while mining-related assets like Huaye Duda saw a substantial appreciation of 789.57% [4]. Group 3: Market Reaction and Future Outlook - Following the asset sale announcement, China MCC's stock price plummeted, with A-shares hitting the daily limit down and Hong Kong shares dropping by 21% [5]. - Investors are concerned that the divestiture of high-value mineral resources will fundamentally alter the company's business structure, potentially transforming it from a resource-based enterprise to a primarily engineering contracting company, which may impact long-term profitability [5]. - The company reported a total asset value of 808.016 billion yuan and a net asset value of 153.043 billion yuan as of December 31, 2024, indicating that the repurchase will have a minimal impact on its financial health [9].

Group 1 - The company announced the approval of a share repurchase plan for its A-shares and authorized the repurchase of H-shares [1] - The company will convene the first extraordinary general meeting of shareholders in 2026 [1]

Core Viewpoint - On December 17, several A-share listed companies disclosed their shareholding changes, with some announcing share buybacks while others reported share reductions by major shareholders [1][2]. Group 1: Share Buybacks - Shijian Detection plans to increase its shareholding by 8 million to 12 million yuan [3]. - Huakai Yibai intends to repurchase shares worth 15 million to 30 million yuan [3]. - China Zhongzhi plans to buy back A-shares worth 1 billion to 2 billion yuan [3]. Group 2: Share Reductions - Huayi Brothers' shareholding by Alibaba's investment arm and its concerted parties has dropped below 5% [4]. - Aojie Technology completed a share reduction plan, reducing its total share capital by 3% [4]. - Shareholder Strai of Zhonglun New Materials plans to reduce its stake by no more than 2% [4]. - Shareholder Wang Xianggao of Dayang Biology intends to reduce his stake by no more than 0.68% [4]. - Shareholders of Sanwei Tiandi plan to collectively reduce their holdings by no more than 3.07% [4]. - Directors and executives of Changying Precision plan to reduce their holdings by no more than 0.0281% [4]. - The controlling shareholder of Zhaobiao Co. plans to reduce its stake by no more than 3% [4]. - Jin Feng Technology has completed its reduction plan for Harmony Health Insurance's universal products [4]. - Hubble Investment's stake in Tianyue Advanced has decreased to 5% [4]. - Shareholder Yagor Garment of Shengtai Group plans to reduce its stake by no more than 3% [4]. - Shareholder Cao Lianying of Xingye Co. intends to reduce his stake by no more than 1% [4].

（编辑 任世碧） 证券日报网讯 12月17日晚间，中国中冶发布公告称，公司拟以集中竞价交易方式回购部分A股和H股股 份。其中，A股回购金额不低于人民币10亿元（含）且不超过人民币20亿元（含）；H股回购股份数量 不超过有关授予H股回购授权的议案于相关股东会上审议批准当日已发行H股总数的10%，回购金额不 超过人民币5亿元。本次回购股份资金来源为公司自有资金，回购的股份将用于注销并减少公司注册资 本。 ...

Group 1 - Company X plans to invest in the research and production of optical modules, focusing on ultra-low power consumption chips for high-end applications such as AI computing centers [1] - CICC is planning to absorb and merge with Dongxing Securities and Xinda Securities through a share swap, with stock trading resuming on December 18, 2025 [2] - Bona Film Group reports normal operations and has invested in multiple films for the upcoming holiday seasons, including major productions [3] Group 2 - Tongrentang clarifies it does not hold any equity or investment rights in Sichuan Health Pharmaceutical, which is associated with a product mentioned in recent reports [4] - Meike Home is planning to acquire control of Shenzhen Wandeling Technology through a combination of cash and stock issuance, with trading suspended for up to 10 days [5] - Lanhua Ketech has obtained a coal exploration license for a specific area, laying the groundwork for future mining rights [6] Group 3 - China Duty Free Group's subsidiary has signed contracts for duty-free store operations at major Shanghai airports [7] - Baida Group's stock has seen a significant increase of 61.1% in a short period, raising concerns about potential rapid declines [8] - Changyuan Power's subsidiary has successfully connected a new power generation unit to the grid, marking its commercial operation [9] Group 4 - Guangdong Construction has launched two clean energy projects, contributing to a total installed capacity of 5084.52 MW across various energy sources [10] - Shanghai Airport has signed contracts for duty-free store operations, which are expected to positively impact future revenues [11] - Aokeli's subsidiary has entered trial production for a special high-temperature resistant resin project, aligning with its strategic goals in aerospace [12] Group 5 - China Nuclear Engineering has reported cumulative revenue of 92.03 billion yuan as of November 2025 [13] - Zhaobiao Co. plans to reduce its stake by up to 3% through various trading methods [14] - Shengtai Group's major shareholder intends to reduce its stake by up to 3% [15] Group 6 - Xinyi Co. plans to reduce its stake by up to 1% due to personal asset allocation needs [16] - Nanjing Bank intends to fully redeem 49 million preferred shares on December 23, 2025 [17] - Huakai Yibai plans to repurchase shares worth between 15 million and 30 million yuan for employee incentives [18] Group 7 - China Metallurgical Group plans to repurchase A-shares worth between 1 billion and 2 billion yuan [19] - A director of Gao Neng Environment has increased his stake by purchasing 56,100 shares [20] - Jiayuan Technology's shareholders plan to transfer 3.24 million shares, representing 2.51% of the total share capital [21] Group 8 - Pubang Co. has been awarded a construction project for Xiangmi Lake Park with a bid of 333 million yuan [22] - China CRRC has signed contracts totaling approximately 53.31 billion yuan, representing 21.6% of its projected revenue for 2024 [23][24] - Pudong Construction's subsidiaries have won multiple projects totaling 1.649 billion yuan [25] Group 9 - Pingzhi Information's subsidiary has signed a 38.25 million yuan computing service contract with a telecommunications company [26]

智通财经APP讯，中国中冶(01618)公布，为切实维护股东权益，有效增强投资者信心，进一步稳定及提 升公司价值，公司拟回购部分A股股份，并向股东会寻求一项授权，授权公司董事会回购公司部分H股 股份。A股回购方案下回购的A股将全部注销并减少公司注册资本。A股回购方案的资金总额不低于人 民币10亿元(含)且不超过人民币20亿元(含)。A股回购价格上限不超过本公司董事会通过回购股份决议 前30个交易日本公司A股股票交易均价的150%，即人民币4.90元╱A股。本次H股回购金额不超过人民 币5亿元。公司根据H股回购授权回购的H股将全部注销并减少本公司注册资本。 ...

中国中冶（601618）(01618)公布，为切实维护股东权益，有效增强投资者信心，进一步稳定及提升公 司价值，公司拟回购部分A股股份，并向股东会寻求一项授权，授权公司董事会回购公司部分H股股 份。A股回购方案下回购的A股将全部注销并减少公司注册资本。A股回购方案的资金总额不低于人民 币10亿元(含)且不超过人民币20亿元(含)。A股回购价格上限不超过本公司董事会通过回购股份决议前 30个交易日本公司A股股票交易均价的150%，即人民币4.90元╱A股。本次H股回购金额不超过人民币5 亿元。公司根据H股回购授权回购的H股将全部注销并减少本公司注册资本。 ...

格隆汇12月17日丨中国中冶(01618.HK)公告，公司已于2025年12月9日在上海证券交易所网站 (www.sse.com.cn)披露了《关于出售资产暨关联交易的公告》。为便于广大投资者更加全面深入地了解 公司本次交易的相关情况，公司计划于2025年12月19日(星期五)16:00-17:00就本次出售资产暨关联交易 事项召开投资者说明会，就投资者关心的问题进行交流。 ...