Core Viewpoint - The company has reported that its paint additive business, primarily focused on ship anti-corrosion coatings, has been a consistent profit contributor, with plans for future growth through product optimization and market expansion [1] Group 1: Business Performance - The paint additive products include industrial epoxy curing agents and diluents, which cater to the anti-corrosion needs of ships and marine engineering [1] - The revenue from paint additives reached 233 million yuan from January to September 2025, accounting for 9.31% of total revenue [1] Group 2: Market Trends - The sales of the paint additive business have been increasing due to the rising demand in the global shipbuilding industry and marine anti-corrosion needs [1] - The company has established long-term partnerships with numerous well-known domestic and international ship coating enterprises, ensuring stable supply and market expansion [1] Group 3: Future Strategy - The company plans to leverage its technological and channel advantages to continuously optimize the performance of ship paint additives and expand into related application scenarios in marine engineering [1] - The company aims to enhance its overseas market share through a global layout, which will provide strong support for its performance growth [1]

Core Viewpoint - The company has developed its own nylon flame retardant, breaking foreign patent monopolies and expanding its applications in various high-pressure and flame-retardant scenarios [1] Group 1: Product Development - The nylon flame retardant is a self-researched product by the company, specifically designed for nylon 6 and nylon 66 functional additives [1] - The product is applicable in fields such as electric vehicle battery protective shells, charging guns, charging piles (connectors, clamps), mobile phone TPC connectors, and electronic electrical components (connectors, junction boxes, coil skeletons) [1] Group 2: Market Expansion - The company is actively expanding the downstream application range of its products and is venturing into specialized fields [1] - The product line has already undergone trial production, and the company has begun small-batch supply to international major clients [1] - The company plans to fully commit to advancing downstream customer certifications and accelerating market expansion [1]

Core Viewpoint - Zhejiang Wansheng Co., Ltd. anticipates a net loss for the fiscal year 2025 due to various adverse factors affecting its operational performance [1][2]. Group 1: Financial Performance - The company expects a negative net profit attributable to shareholders for 2025, primarily due to international geopolitical conflicts, inflation in Europe and the U.S., and a persistently weak global economy leading to lower-than-expected end-product demand [1]. - As of the end of Q3 2025, the net profit attributable to shareholders was approximately 50.09 million yuan, indicating significant financial pressure [2]. Group 2: Operational Challenges - The company faces challenges such as oversupply of its main products, resulting in declining gross profit and gross profit margins, which adversely affect overall profitability [1]. - The company is adjusting its product structure and capacity layout in response to industry competition and trends, including relocating some production capacity to Thailand to mitigate international trade barriers [1]. Group 3: Strategic Adjustments - Despite the challenging industry landscape, the management is actively responding by enhancing research and development, market expansion, and cost reduction efforts, which have led to a year-on-year increase in operating revenue [2]. - The company is also experiencing significant fixed asset depreciation and impairment losses, which are contributing to the pressure on its operational performance [2].

证券日报网讯 1月11日，万盛股份发布公告称，公司预计2025年度归属于上市公司股东的净利润为负 值，全年业绩将出现亏损。 （文章来源：证券日报） 证券日报网讯 1月11日，万盛股份发布公告称，公司预计2025年度归属于上市公司股东的净利润为负 值，全年业绩将出现亏损。 （文章来源：证券日报） ...

Group 1: Stock Trading and Corporate Actions - Jia Mei Packaging's stock will resume trading on January 12, 2026, after a price increase of 230.48% from December 17, 2025, to January 6, 2026, which led to a temporary suspension for investigation [1] - Yanjiang Co. continues to suspend its stock trading due to uncertainties related to a potential major asset restructuring, with a trading plan expected to be disclosed by January 19, 2026 [1] - Shangluo Electronics' application for issuing convertible bonds has been accepted by the Shenzhen Stock Exchange [4] - Xianle Health plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and capital strength [4] - Hangyu Technology plans to sell up to 752,800 repurchased shares to supplement working capital [4] Group 2: Mergers and Acquisitions - Defu Technology has terminated its acquisition of 100% of Luxembourg Copper Foil due to additional restrictions imposed by the Luxembourg Ministry of Economy [2] - Defu Technology intends to acquire at least 51% of Huiru Technology through cash purchase and capital increase, with Huiru becoming a subsidiary post-transaction [3] Group 3: Financial Performance and Forecasts - Dechang Co. expects a net profit decrease of 51% to 61% for 2025, with automotive parts business growth offset by challenges in the home appliance sector [7] - Hebang Bio anticipates a net loss for 2025 due to asset impairment provisions [8] - Qu Mei Home expects negative profit figures for 2025, with a reported loss of approximately 66.93 million yuan for the first nine months of 2025 [9] - Jinzhongzi Liquor forecasts a net loss for 2025, although the loss is expected to narrow compared to the previous year [10] - Sichuang Electronics predicts a net loss of 265 million to 340 million yuan for 2025, attributed to competitive pressures and delayed customer orders [11] - Wansheng Co. anticipates a net loss for 2025 [12] - Weiyuan Co. expects a net loss for 2025 [13] - Kosen Technology forecasts a net loss for 2025 due to market demand fluctuations and strategic adjustments [13] - Zhongheng Group predicts a net loss for 2025 [13] - Xiantan Co. reported a chicken product sales revenue of 530 million yuan in December 2025, a year-on-year increase of 9.41% [13] Group 4: Shareholder Actions - Huate Gas shareholders plan to reduce their holdings by up to 2% through block trades between February 4 and April 30, 2026 [14] - Meidike's shareholder intends to reduce holdings by up to 1% through centralized bidding [14]

证券日报网讯 1月11日，万盛股份发布公告称，公司预计2025年度归属于上市公司股东的净利润为负 值，全年业绩将出现亏损。 （文章来源：证券日报） ...

Group 1 - Jia Mei Packaging's stock will resume trading on January 12, 2026, after completing a review due to a 230.48% price increase from December 17, 2025, to January 6, 2026 [1] - Yan Jiang Co. continues to suspend trading as it plans to acquire assets, with a disclosure expected by January 19, 2026 [2] - Defu Technology terminated its acquisition of 100% of Luxembourg Copper Foil due to restrictions from the Luxembourg Ministry of Economy, with a refund of €17.4047 million expected [3] Group 2 - Defu Technology plans to acquire at least 51% of Huiru Technology through cash and capital increase, with Huiru focusing on high-performance electrolytic copper foil [4] - Shangluo Electronics' application for issuing convertible bonds has been accepted by the Shenzhen Stock Exchange [5] - Xianle Health intends to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and capital strength [6] Group 3 - Hangyu Technology plans to sell up to 752,800 repurchased shares to supplement working capital, with a potential cancellation of unsold shares [7] - Fangsheng Pharmaceutical's production facility failed a GMP compliance check, but it will not significantly impact operations [8][9] - East China Pharmaceutical's subsidiary's product has been included in the list of breakthrough therapeutic varieties for severe hypertriglyceridemia [10] Group 4 - Dechang Co. expects a net profit decrease of 51% to 61% for 2025, primarily due to competitive pressures and foreign exchange losses [12] - Hebang Bio anticipates a net loss for 2025 due to asset impairment provisions [13] - Qu Mei Home expects a net loss for 2025, with significant negative figures reported for the first nine months [14] Group 5 - Jinzongzi Wine forecasts a net loss for 2025, although the loss is expected to narrow compared to the previous year [15] - Sichuan Electronics expects a net loss of between 265 million to 340 million yuan for 2025, attributed to market competition and delayed orders [16] - Wansheng Co. anticipates a net loss for 2025 [17] - Weiyuan Co. also expects a net loss for 2025 [19] - Kosen Technology predicts a net loss for 2025 due to low capacity utilization and strategic adjustments [20] - Zhongheng Group expects a net loss for 2025 [21] Group 6 - Xiantan Co. reported a 9.41% year-on-year increase in chicken product sales revenue to 530 million yuan in December 2025 [22] Group 7 - Huate Gas shareholders plan to reduce their holdings by up to 2% through block trades [24] - Meidike shareholders plan to reduce their holdings by up to 1% through market transactions [25]

Core Viewpoint - Wansheng Co., Ltd. (603010) anticipates a negative net profit for the fiscal year 2025 due to various factors affecting its operational performance [1] Group 1: Financial Performance - The company expects to report a loss in net profit for 2025, primarily driven by lower-than-expected terminal demand for products and domestic capacity expansion [1] - The main products are experiencing oversupply, leading to a decline in product gross profit and gross profit margin, which adversely affects overall profitability [1] Group 2: Strategic Adjustments - In response to the competitive landscape and industry trends, the company is adjusting its product structure and capacity layout at certain bases [1] - To mitigate international trade barriers and enhance its global strategy, the company plans to relocate some of its domestic flame retardant production capacity to its facility in Thailand [1] Group 3: Asset Impairment - Due to the combined effects of capacity adjustments, relocations, ramp-up of production, and declining product gross margins, the existing operational performance of domestic bases is insufficient to cover the investment scale of the entire base [1] - The company indicates potential asset impairment, and it will recognize this in accordance with the Accounting Standards for Enterprises and its accounting policies [1]

Group 1 - The company expects a net profit attributable to shareholders to be negative in 2025, indicating an anticipated loss due to various adverse factors [1][2] - Key reasons for the expected loss include international geopolitical conflicts, inflation in Europe and the US, and a continued weak global economy leading to lower-than-expected end-product demand [1] - The company is adjusting its product structure and capacity layout in response to industry competition and trends, including relocating some production capacity to Thailand to mitigate international trade barriers [1] Group 2 - Despite the challenging industry environment, the management is actively responding by adjusting development strategies, enhancing R&D innovation, and exploring market opportunities [2] - The company has maintained a good level of operating cash flow, with revenue expected to grow year-on-year, although significant fixed asset depreciation and asset impairment will pressure overall performance [2] - As of the end of Q3 2025, the net profit attributable to shareholders was approximately 50 million yuan, but the company anticipates a full-year loss [2]

Group 1 - The company expects a net profit attributable to shareholders to be negative in 2025, indicating an anticipated loss due to various adverse factors [1][2] - Key reasons for the expected loss include international geopolitical conflicts, inflation in Europe and the US, and a continued weak global economy leading to lower-than-expected product demand [1] - The company is adjusting its product structure and capacity layout in response to industry competition and trends, including relocating some production capacity to Thailand to mitigate international trade barriers [1] Group 2 - Despite the challenging industry environment, the management is actively responding by adjusting development strategies, enhancing R&D innovation, and exploring cost reduction and efficiency improvements [2] - The company reported a net profit of approximately 50 million yuan as of the end of Q3 2025, but still anticipates a full-year loss due to significant fixed asset depreciation and asset impairment [2] - Operating cash flow remains at a good level, but the overall performance is under considerable pressure from the aforementioned factors [2]