Core Points - Ningbo Construction Co., Ltd. and its subsidiaries have won bids for the construction of the East Extension of the Ring City South Road Phase I project [1][2] - The project includes two segments: Segment I and Segment V, with a total length of approximately 4.8 kilometers [2] - The total bid amounts for Segment I and Segment V are approximately RMB 539.72 million and RMB 576.84 million, respectively [3] Project Details - Project Name: East Extension of the Ring City South Road Phase I (Main Line and Fuchunjiang Interchange) [1] - Construction Locations: Located in Yinzhou District and Beilun District of Ningbo City [1] - Construction Scope: Total contracting for the construction of bridges and associated works for Segment I and Segment V, excluding traffic facilities and landscape greening [1] Construction Timeline - The construction period for both Segment I and Segment V is set at 1080 calendar days [4]

Focus Events - China Securities Index Company will officially release four indices on September 11, 2025, including the CSI A500 Relative Growth Index and the CSI A500 Pure Value Index, providing diversified investment targets for the market [1] Important Data - The U.S. ADP employment data for August showed an increase of 54,000 jobs, which is below the market expectation of 65,000 and significantly lower than the revised 106,000 from the previous month, indicating a slowdown [2] - The probability of the Federal Reserve cutting interest rates in September has increased, with expectations of a total cut of 50 basis points within the year, which is seen as a supporting factor for rising gold prices in the fourth quarter [2] Macro News - The People's Bank of China announced a 1 trillion yuan reverse repurchase operation to maintain ample liquidity in the banking system, with expectations of a potential reserve requirement ratio cut in the fourth quarter [3] Industry Dynamics - The State Council issued a document aiming to release the potential of sports consumption, targeting a total scale of over 7 trillion yuan for the sports industry by 2030, with six key measures proposed [4] - The Ministry of Industry and Information Technology released a growth stabilization plan for the electronic information manufacturing industry for 2025-2026, proposing 16 specific measures to promote industry upgrades and innovation [6] Company Focus - Huawei launched its second-generation foldable smartphone Mate XTs with a starting price of 17,999 yuan, which is 2,000 yuan lower than the previous generation [9] - Hangzhou High-tech announced that all members of its board of directors have resigned due to a change in control [11] - Sino Medical was ordered to rectify due to information disclosure violations, with regulatory talks held with its chairman and others [14] - BYD reportedly lowered its 2025 sales target by 16% from 5.5 million to 4.6 million vehicles, a cautious decision ahead of the peak sales season [16] - China Pingmei Shenma Group signed a strategic cooperation framework agreement with LONGi Green Energy to collaborate in photovoltaic power generation and green hydrogen [17][18] - Junsheng Electronics reported collaborations with leading clients in the humanoid robot sector, including customized supply of control boards and battery systems [20] - Beijing Lier signed a strategic cooperation agreement with SenseTime and Xiwang Technology to explore AI computing power collaboration [22] - Kebo Da announced a plan to acquire 60% of Kebo Da Intelligent Technology for 345 million yuan, aiming to enter the automotive intelligence sector [24] - China Shipbuilding announced that China Heavy Industry's A-shares will be delisted on September 5, following a share swap merger [28] - Yutong Bus reported an 16.78% year-on-year increase in sales for August, with total sales for the year up 4.51% [29] - Ningbo Construction announced winning construction projects worth a total of 1.117 billion yuan [31]

Group 1 - China Shipbuilding Industry Corporation is set to absorb China Shipbuilding Industry Corporation through a share swap, with the A-shares of China Shipbuilding Industry Corporation terminating listing on September 5 [1] - Yutong Bus reported sales of 4,260 units in August, representing a year-on-year increase of 16.78% [1] Group 2 - Shanghai Raist plans for some directors and all senior management to increase their shareholding by no less than 6 million yuan within six months [2] - Bowei Alloy's upcoming high-end AI smartphone will fully utilize the company's VC cooling materials [2] - Guoxin Technology has successfully tested a new generation of automotive electronic BLDC motor drive control high-performance chip [2] - Junsheng Electronics is collaborating with leading clients like Zhiyuan Robotics, with customized main control boards already in mass production [2] - Fuliwang has begun shipping metal components such as robot reducers [2] - Beijing Lier has signed strategic cooperation agreements with SenseTime and Xiwang Technology to explore AI computing power collaboration [2] - Xiandai Intelligent has successfully completed the entire process for mass production of all-solid-state batteries [2] - Tongguan Copper Foil has developed copper foil products suitable for solid-state and semi-solid-state batteries [2] - Heng Rui Pharmaceutical has received a clinical trial approval notice for HRS-4729 injection [2] - Ningbo Construction's subsidiary has won construction projects totaling 1.117 billion yuan [2] - Zhongwei Company has launched six new semiconductor equipment products [2] - China Construction Bank's CCB Financial Leasing plans to increase capital by 3 billion yuan to CCB Shipping and Aviation [2]

Group 1: Market Overview - The market experienced a decline with the ChiNext index leading the drop, and the STAR 50 index falling over 6% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.54 trillion yuan, an increase of 180.2 billion yuan compared to the previous trading day [1] - Nearly 3,000 stocks in the market saw a decline, while sectors such as retail, food, paper, and photovoltaic performed well [1] Group 2: Company News - Heng Rui Medicine received approval for clinical trials of HRS-4729 injection, a self-developed peptide drug targeting multiple receptors, with no similar products approved in the market [2] - Ningbo Construction announced that its subsidiaries won construction projects with a total bid amount of 1.117 billion yuan [3] Group 3: External Market - The S&P 500 index reached a new closing high, with the Dow Jones up 0.77%, S&P 500 up 0.83%, and Nasdaq up 0.98% [4] - Chip stocks showed strong performance, with Western Digital rising over 5% and Micron Technology increasing over 4% [4] - Major tech stocks also performed well, with Amazon rising over 4%, marking the largest increase since May [4]

Group 1: Company Announcements - Heng Rui Medicine has received the clinical trial approval notice for HRS-4729 injection, a self-developed peptide drug targeting GLP-1R, GIPR, and GCGR receptors, with no similar products approved in the market [1] - Hubei Yihua has successfully launched its 200,000 tons/year caustic soda project, aimed at upgrading its chlor-alkali chemical industry and enhancing market competitiveness [2] - Ji Min Health announced that its shareholder, Shuangge Group, plans to reduce its stake by up to 3%, equating to a maximum of 15.75 million shares [3] - China Shipbuilding intends to absorb and merge with China Shipbuilding Industry Corporation through a share exchange, with the latter's A-shares set to be delisted on September 5, 2025 [4] - Changfei Fiber reported that its shareholder, Changjiang Communication, plans to reduce its stake by up to 0.15%, totaling no more than 1.1 million shares [5] Group 2: Strategic Collaborations and Developments - Beijing Lier has signed a strategic cooperation agreement with SenseTime and Xiwang Technology to explore AI computing power collaboration and related applications [6] - Junsheng Electronics is collaborating with leading clients like Zhiyuan Robotics, having achieved bulk supply of customized main control boards and various sensors [7][8] - Guoxin Technology has successfully tested a new generation of high-performance chips for automotive electronic BLDC motor control, aimed at addressing the MCU chip shortage in the automotive sector [9] Group 3: Other Corporate Actions - Guoguang Chain's actual controller plans to reduce their stake by up to 2.99%, totaling a maximum of 12.506 million shares [10] - Zhonghuan Hailu has terminated its control change plan, with its stock set to resume trading on September 5, 2025 [11] - Various companies have reported significant project wins, including Ningbo Construction winning contracts worth 1.117 billion yuan [12]

Major Events - China Shipbuilding announced that it plans to absorb and merge with China Heavy Industry, with the latter's A-share stock set to be delisted on September 5, 2025. After the delisting, the stock value will not be reflected in investors' accounts until the conversion to China Shipbuilding A-shares is completed [4] - Anzheng Fashion's stock has experienced three consecutive trading days of limit-up prices, indicating potential irrational speculation in the market. No significant media reports or market rumors have been found that could impact the stock price [5] - Zhonghuan Hailu has terminated its plans for a change in control after failing to reach an agreement with the trading party regarding future development. The company's stock will resume trading on September 5 [6] - Kebo Da plans to acquire 60% of Kebo Da Intelligent Technology for 345 million yuan, aiming to enter the automotive intelligence sector and enhance its technological capabilities [7] - Shangneng Electric reported no undisclosed significant matters that could affect its stock trading, confirming stable operational conditions [8] - Jingxing Paper also stated that there have been no significant changes in its operational environment, with no undisclosed major information affecting stock prices [9] - Guoxin Health announced the passing of its independent director Bai Yan due to illness on August 31, 2025 [10] - Jiangsu Shuntian will change its stock name to "Suhao Fashion" starting September 10, 2025, while the stock code remains unchanged [11] Performance Overview - Yutong Bus reported sales of 4,260 units in August 2025, representing a year-on-year increase of 16.78%. Cumulative sales from January to August reached 28,800 units, up 4.51% year-on-year [12][13] - Wen's Shares recorded sales of 324,570 pigs in August, generating revenue of 4.825 billion yuan, with a slight month-on-month decline of 1.07%. The average selling price of live pigs was 13.9 yuan/kg, with year-on-year changes of 37.88% and -17.7% respectively [14] - Jiangling Motors reported a year-on-year increase of 8.92% in automobile sales for August, totaling 30,003 units. Cumulative sales from January to August reached 226,500 units, up 5.67% year-on-year [15] Shareholding Changes - Jimin Health's controlling shareholder plans to reduce its stake by up to 3%, equivalent to a maximum of 15.7527 million shares, within three months after 15 trading days [16] - Changfei Fiber announced that its major shareholder, Yangtze Communication, intends to reduce its stake by up to 0.15%, or 1.1 million shares, within three months after 15 trading days [17] Major Contracts - Ningbo Construction's subsidiaries have won construction projects worth a total of 1.117 billion yuan [18]

Core Viewpoint - Ningbo Construction announced that its subsidiaries, Ningbo Municipal Engineering Construction Group Co., Ltd. and Ningbo Construction Engineering Group Co., Ltd., have won bids for the construction of the East Extension of Ring City South Road Phase I project [1] Group 1 - The winning subsidiaries received the bid notification from Ningbo Urban Infrastructure Construction Development Center and Dewey Engineering Management Consulting Co., Ltd. [1] - The specific projects awarded include the main line section and the Fuchun River Interchange section of the East Extension of Ring City South Road [1]

Group 1 - Huida Sanitary Ware plans to publicly transfer 100% equity and debt of Guangxi Xingaosheng, with debt amounts of 132 million and 138 million yuan as of June 30, 2025 [1] - Sainuo Medical received administrative regulatory measures from Tianjin Securities Regulatory Bureau due to inaccurate information disclosure in quarterly reports [2][3] - Jiangling Motors reported August vehicle sales of 30,003 units, a year-on-year increase of 8.92% [6] Group 2 - Jimin Health's controlling shareholder plans to reduce its stake by up to 3%, totaling 15.75 million shares [7] - Satellite Chemical announced routine maintenance of polyethylene and ethylene glycol facilities, expected to last 45 days [8] - Hubei Yihua's 200,000-ton caustic soda project has been successfully put into production [10] Group 3 - Shanghai Pharmaceuticals' Dihydroxypropyl Theophylline Injection has passed the consistency evaluation for generic drugs [13] - Ningbo Construction's subsidiaries won construction projects worth 1.117 billion yuan [16] - Wens Foodstuff reported August sales revenue of 4.825 billion yuan from live pigs, with a year-on-year decrease in revenue and price [28] Group 4 - Long-term Logistics announced the resignation of its deputy general manager due to personal reasons [44] - Huaming Equipment proposed a cash dividend of 2 yuan per 10 shares, totaling 179 million yuan [46] - Transsion Holdings plans to distribute a cash dividend of 0.8 yuan per share [49]

Core Viewpoint - Ningbo Construction Co., Ltd. has announced that its subsidiaries have won bids for the construction of the first phase of the East Extension of the Ring South Road, specifically for sections I and V [1][2] Group 1: Project Details - Project Name: East Extension of the Ring South Road Phase I (Main Line and Fuchun River Interchange) Construction Sections I and V [1] - Construction Location: Located in Yinzhou District and Beilun District of Ningbo City, starting from East Outer Ring Road to Fuchun River Road [1] - Scope of Work: General contracting for the construction of bridges and associated works for sections I and V, excluding traffic facilities and landscape greening [2] Group 2: Construction Specifications - Length of Section I: Approximately 2.87 kilometers, starting at ZNK0+000 and ending at ZNK2+872.143 [2] - Length of Section V: Approximately 1.93 kilometers, starting at K7+385.746 and ending at K9+321.746 [2] - Construction Duration: Both sections I and V have a construction period of 1080 calendar days [2] Group 3: Financial Aspects - Bid Price for Section I: RMB 539,723,243 (approximately 539.72 million) [2] - Bid Price for Section V: RMB 576,842,996 (approximately 576.84 million) [2]

格隆汇9月4日｜宁波建工公告，控股子公司市政集团及全资子公司建工集团近日分别收到中标通知书。 市政集团中标环城南路东延快速路一期工程（主线段、富春江立交段）施工Ⅰ标段，中标价为5.4亿 元。建工集团中标同项目Ⅴ标段，中标价为5.77亿元。项目位于宁波市鄞州区、北仑区，西起东外环 路，东至富春江路，工期均为1080日历天。截至公告披露日，公司尚未与相关方完成正式合同签订，合 同的签订与履行均存在不确定性。 ...