Suspension and Resumption of Trading - Yuanli Co., Ltd. is planning to acquire control of Fujian Tongsheng New Materials Technology Co., Ltd., resulting in a stock suspension [1] - Degute is planning to purchase 100% of Haowei Technology, leading to the resumption of trading. This acquisition will expand the company's main business from energy-saving environmental equipment manufacturing to telecom software development, cloud and AI software development, and industry digital solutions, successfully building a second growth curve [1] - Kanghua Bio is planning a change in control of the company, resulting in a stock suspension [1] Mergers and Acquisitions - Fuda Alloy is planning to acquire at least 51% of the equity of Guangda Electronics, which primarily produces TOPCon battery silver paste [3] - Dajia Weikang has acquired 60.85% of Anhui Dajia Weikang for a transaction price of 116 million yuan. Anhui Dajia Weikang operates 119 chain pharmacies, with revenue of 57 million yuan and net profit of 1.04 million yuan from January to April 2025 [3] Investment Cooperation and Business Conditions - Chuling Information has won a bid for the procurement project of all-optical network integration terminal supporting products from China Mobile [4] - Galaxy Microelectronics plans to invest 310 million yuan to build the first phase of a high-end integrated circuit discrete device industrialization base [5] - Yuntian Lifa plans to issue H-shares and list on the Hong Kong Stock Exchange [6] - Xingchen Technology is planning to issue shares overseas (H-shares) and list on the Hong Kong Stock Exchange [7] Performance Changes - Guosen Securities expects a net profit of 4.78 billion to 5.53 billion yuan for the first half of the year, an increase of 52% to 76% compared to 3.139 billion yuan in the same period last year, with significant growth in major business revenues [8] - Guolian Minsheng expects a net profit of 1.129 billion yuan, a year-on-year increase of approximately 1183% [8] - Huaxi Securities anticipates a net profit of 445 million to 575 million yuan, a year-on-year increase of 1025.19% to 1353.90% [9] - Ruijie Networks expects a net profit of 400 million to 510 million yuan, an increase of 160.11% to 231.64% compared to 154 million yuan in the same period last year [9] - Gaode Infrared expects a net profit of 150 million to 190 million yuan, a year-on-year increase of 734.73% to 957.33% [9] - CRRC expects a net profit of 6.722 billion to 7.562 billion yuan, a year-on-year increase of 60% to 80% [10] - Lanke Technology expects a net profit of 1.1 billion to 1.2 billion yuan, a year-on-year increase of 85.50% to 102.36% [10] - Jingfang Technology expects a net profit of 150 million to 175 million yuan, a year-on-year increase of 36.28% to 58.99% [10] - Yaqi International expects a net profit of 730 million to 930 million yuan, an increase of 170% to 244% compared to 270 million yuan in the same period last year [10] - Hunan Gold expects a net profit of 613 million to 701 million yuan, a year-on-year increase of 40% to 60% [10] - Western Gold expects a net profit of 130 million to 160 million yuan, an increase of 96.35% to 141.66% [10] - Zhongjin Gold expects a net profit of 2.614 billion to 2.875 billion yuan, a year-on-year increase of 50% to 65% [11] - Zijin Mining expects a net profit of 23.2 billion yuan, a year-on-year increase of approximately 54% [12] - Allwinner Technology expects a net profit of 156 million to 171 million yuan, a year-on-year increase of 31.02% to 43.62% [13]

Core Viewpoint - Fuda Alloy (福达合金) is planning a significant asset restructuring by acquiring at least 51% of Zhejiang Guangda Electronic Technology Co., Ltd. (光达电子), which will become a subsidiary post-transaction [3][5]. Group 1: Acquisition Details - The acquisition is currently in the planning stage, with a cash purchase intended for Guangda Electronic, which specializes in electronic paste products for solar energy and electronic components [3][4]. - Guangda Electronic has developed key materials for photovoltaic silver paste, including silver powder, glass powder, and organic carriers, establishing itself as a rare domestic manufacturer with a complete self-research and production capability [4][5]. - The transaction is classified as a major asset restructuring under the relevant regulations, with a detailed plan expected to be disclosed within six months [3][5]. Group 2: Strategic Implications - The acquisition will allow Fuda Alloy to diversify its product offerings by adding conductive silver paste to its existing electrical contact materials business, enhancing its competitiveness in the market [5]. - The collaboration is expected to leverage synergies in silver powder preparation and cost reduction, creating new profit growth points and improving overall profitability and operational sustainability [5]. - The actual control of Guangda Electronic remains with Wang Zhongnan, the son of Fuda Alloy's actual controller Wang Dawu, indicating that the transaction is an affiliated transaction without a change in control [4][5].

Corporate Announcements - Yangdian Technology is planning a change in control, leading to a suspension of its stock from July 14, 2025, for up to 2 trading days [3] - Degute is planning to acquire 100% of Haowei Technology through a combination of share issuance and cash payment, with stock resuming trading on July 14, 2025 [4] - Yuanli Co. is planning to acquire control of Fujian Tongsheng New Materials Technology, resulting in a stock suspension starting July 14, 2025, for up to 10 trading days [5] - Kanghua Bio is also planning a change in control, with stock suspension from July 14, 2025, for up to 2 trading days [6] - Fuda Alloy is planning to acquire at least 51% of Guangda Electronics, which will constitute a major asset restructuring but will not change the actual controller [7] Performance Forecasts - Limin Co. expects a net profit of 260 million to 280 million yuan for the first half of 2025, a year-on-year increase of 719.25% to 782.27% [9] - Zijin Mining anticipates a net profit of approximately 23.2 billion yuan for the first half of 2025, a year-on-year increase of about 54% [10] - Chunqiu Electronics forecasts a net profit of 9 million to 11 million yuan, an increase of 236.05% to 310.72% year-on-year [12] - Jinqilin expects a net profit of approximately 106 million yuan, a year-on-year increase of 222.36% [13] - Beihua Co. anticipates a net profit of 98 million to 111 million yuan, a year-on-year increase of 182.72% to 220.23% [14] - Guojin Securities expects a net profit of 1.092 billion to 1.137 billion yuan, a year-on-year increase of 140% to 150% [15] - Jiuyuan Silver Sea forecasts a net profit of 26.49 million to 32.25 million yuan, a year-on-year increase of 130% to 180% [16] - Lankai Technology expects a net profit of 1.1 billion to 1.2 billion yuan, a year-on-year increase of 85.5% to 102.36% [17] - Changcheng Securities anticipates a net profit of 1.335 billion to 1.407 billion yuan, a year-on-year increase of 85% to 95% [18] - Weilan Lithium Core expects a net profit of 300 million to 360 million yuan, a year-on-year increase of 79.29% to 115.15% [19] - Yinlong Co. forecasts a net profit of 161 million to 181 million yuan, a year-on-year increase of 60% to 80% [20] - Aopumai expects a net profit of approximately 37 million yuan, a year-on-year increase of 53.28% [22] - Bailong Dongfang anticipates a net profit of 350 million to 410 million yuan, a year-on-year increase of 50.21% to 75.97% [23] - Shanghai Electric expects a net profit of 1.754 billion to 2.087 billion yuan, a year-on-year increase of 32.18% to 57.27% [24] - Huazheng Securities reports a net profit of 1.035 billion yuan, a year-on-year increase of 44.94% [25] - Bailong Chuangyuan expects a net profit of 171 million yuan, a year-on-year increase of 42.68% [26] - Chengyi Pharmaceutical anticipates a net profit of 107 million to 119 million yuan, a year-on-year increase of 40% to 55% [27] - Jinhai Biological expects a net profit of 127 million to 141 million yuan, a year-on-year increase of 40% to 55% [28] - Kangda New Materials forecasts a net profit of 50 million to 55 million yuan, turning from loss to profit [29] - China Shenhua expects a net profit of 23.6 billion to 25.6 billion yuan, a year-on-year decrease of 8.6% to 15.7% [30] - ST Songfa anticipates a net profit of 580 million to 700 million yuan, turning from loss to profit [31] - Chengxing Co. expects a net profit of 16 million to 23 million yuan, turning from loss to profit [32] - Bofubang anticipates a net profit of 8 million to 12 million yuan, turning from loss to profit [33] - ST Yundong expects a loss of 100 million to 150 million yuan, an increase in loss compared to the previous year [34] - Kerryde expects a loss of 15 million to 22 million yuan, turning from profit to loss [35] Shareholding Changes - Defu Technology's shareholders plan to reduce their holdings by up to 4.04% [37] - Jinzhen Co.'s shareholders plan to reduce their holdings by up to 3.04% [38] - Shikong Technology's shareholder plans to reduce their holdings by up to 3% [39] - Qilu Bank's shareholder plans to reduce their holdings by up to 1.1% [40] - Zhongci Electronics' shareholder plans to reduce their holdings by up to 1% [41] - Jiamei Packaging's shareholders plan to reduce their holdings by up to 1% [42] - Saike Xide's shareholder plans to reduce their holdings by up to 1% [43] - Gongda High-Tech's general manager plans to reduce their holdings by up to 0.3424% [44] - Qingyuan Co.'s shareholder plans to reduce their holdings by up to 273,800 shares [45] Major Contracts - Dash Intelligent has been pre-awarded a procurement project worth 122 million yuan [46] - Robotech has signed significant daily operational contracts amounting to approximately 1.418 million USD [48]

Overview - The company plans to acquire at least 51% of Zhejiang Guangda Electronic Technology Co., Ltd. through cash payment, with the final transaction price to be determined after due diligence and negotiation [1][2][11] - The acquisition is expected to constitute a major asset restructuring as defined by the regulations [2][11] - The transaction involves related parties, as the actual controller of Guangda Electronic is Wang Zhongnan, the son of the company's actual controller Wang Dawu [2][11] Transaction Details - The acquisition will not involve the issuance of new shares, and the actual control of the listed company will remain unchanged after the transaction [2][11] - The transaction is still in the planning stage, and there are uncertainties regarding the final agreement [2][11] - The company will hire a securities service institution to conduct due diligence and will disclose relevant plans or reports within six months from the announcement [2][11] Target Company Information - Zhejiang Guangda Electronic Technology Co., Ltd. was established on March 24, 2010, with a registered capital of approximately 48.7 million yuan [7][8] - The company specializes in the research, production, and sales of electronic paste products, particularly TOPCon battery silver paste, which is used in solar cells [7][8] - Guangda Electronic has developed its core raw materials and maintains stable partnerships with well-known manufacturers in the solar energy sector [8] Impact on the Company - Upon completion of the transaction, Guangda Electronic will become a subsidiary of the listed company, expanding its business into conductive silver paste, thereby enhancing its product offerings in the electrical materials industry [11] - The acquisition is expected to create synergies in silver powder preparation processes and cost reduction, contributing to new profit growth and improving the company's overall competitiveness [11]

证券代码：603045 证券简称：福达合金 公告编号：2025-029 福达合金材料股份有限公司 关于筹划重大资产重组暨签署收购意向协议的提示性公告 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个别及连带责任。 重要内容提示: 福达合金材料股份有限公司（以下简称"公司"）正在筹划以现金方式 购买浙江光达电子科技有限公司（以下简称"光达电子"、"标的公司"） 不低于 51%的股权，具体收购比例待进一步论证和协商。本次交易完成 后，光达电子将成为公司控股子公司。 本次签署的《收购意向书》系各方就收购事宜达成的初步意向协议，旨 在表达各方合作意向，具体的交易方案及交易条款以各方签署的正式协 议为准。本次交易尚处于筹划阶段，相关事项尚存在不确定因素，最终 能否达成存在不确定性，具体交易方案尚需各方进一步协商、论证，并 按照相关法律、法规及公司章程的规定履行必要的决策和审批程序。 根据初步测算，本次交易预计构成《上市公司重大资产重组管理办法》 规定的重大资产重组。公司将根据相关规定聘请证券服务机构开展工作， 并根据交易进展情况根据相关法律法规履 ...

Core Viewpoint - Fuda Alloy plans to acquire at least 51% stake in Guangda Electronics, a company specializing in electronic paste products, which will become a subsidiary post-transaction [1] Group 1: Acquisition Details - The acquisition will be conducted in cash and the specific percentage of the stake is still under negotiation [1] - Upon completion of the transaction, Guangda Electronics will be a controlling subsidiary of Fuda Alloy [1] Group 2: Company Profile - Guangda Electronics is a high-tech enterprise engaged in the research, production, and sales of electronic paste products [1] - The company's products are widely used in solar photovoltaic and electronic components, with a primary focus on TOPCon battery silver paste [1] Group 3: Business Expansion - This acquisition will allow Fuda Alloy to expand its business into conductive silver paste, complementing its existing products in the electrical contact industry [1]

Investment Rating - The report maintains a recommendation for the metal industry, indicating a positive outlook for the sector [2]. Core Insights - The macroeconomic environment remains complex, with a strong US dollar putting pressure on metal prices. However, the second half of the year is expected to see a transition into a global easing phase, benefiting metal prices [1]. - Gold prices have recently adjusted, but the long-term bullish logic remains intact. Resource stocks are generally undervalued, and there is optimism for commodity prices in the long term [1]. - The report emphasizes the importance of focusing on undervalued companies with good growth potential, as well as those related to self-sufficiency and emerging technologies such as robotics and controlled nuclear fusion [1]. Industry Overview - The metal industry has a total of 235 listed companies, with a total market capitalization of 4,334.2 billion and a circulating market capitalization of 4,029.6 billion [2]. - The performance of the metal industry index shows a 10.0% increase over one month, 19.5% over six months, and 36.4% over twelve months, indicating strong growth [4]. Specific Metal Insights - Copper: As of July 3, copper inventory in major regions increased by 0.17 thousand tons to 131.8 thousand tons, which is significantly lower than the 409.8 thousand tons from the previous year. The report anticipates a strong copper market in the medium to long term, despite short-term volatility due to macroeconomic factors [6]. - Aluminum: The report notes weak demand for aluminum, with a significant increase in inventory. However, the long-term outlook for aluminum remains positive [7]. - Rare Earths: Prices for rare earth elements such as terbium and dysprosium have shown slight increases, with expectations for improved demand as traditional peak seasons approach [8]. Stock Performance - The report highlights the best-performing stock of the week as Fuda Alloy, which saw a 13.04% increase, while the worst performer was Xinbo Co., which experienced a 7.98% decline [6].

Industry Overview - The precious metal materials industry chain consists of precious metal supply, processing and manufacturing, downstream applications, and resource recycling [1] - Precious metals are obtained through exploration, mining, and smelting, including gold, silver, palladium, rhodium, iridium, ruthenium, osmium, and platinum [1] - Precious metals are used in various fields such as automotive, electronics, new energy, petrochemicals, biomedicine, and environmental protection [1] Downstream Applications - The unique properties of precious metal materials lead to their extensive use in traditional industries like automotive and chemicals, as well as emerging sectors such as new energy and information technology [3] - The demand for precious metal materials is driven by the development of regulations in non-road mobile machinery and shipping emissions, as well as advancements in hydrogen fuel cell vehicles [3] Industry Chain Analysis - Key players in the precious metal supply include mining companies and recycling firms, with notable companies like Zijin Mining, Shandong Gold, and Yuyuan Platinum [6] - Major manufacturers of precious metal materials include Guiyan Platinum and Kairui New Materials, with significant production from companies like Suzhou Solid and Juhua Materials [6] Company Performance - In terms of revenue, Zijin Mining is projected to exceed 100 billion yuan in 2024, while Shandong Gold and Hengbang shares are expected to surpass 50 billion yuan [8] - Guiyan Platinum achieved a revenue of 24.43 billion yuan in the first half of 2024, leading in production volume with over 2000 tons of various precious metal materials [8] - Other companies like Juhua Materials and Youyan New Materials also reported significant revenues, with Juhua Materials at 6.73 billion yuan and Youyan New Materials at 8.12 billion yuan [9][10]

证券代码：603045 证券简称：福达合金 公告编号：2025-028 福达合金材料股份有限公司 关于为全资子公司提供担保的公告 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个别及连带责任。 重要内容提示: 一、担保情况概述 （一）担保基本情况 近日，福达合金材料股份有限公司（以下简称"公司"）与上海银行股份有 限公司温州分行(以下简称"上海银行"）签订了《最高额保证合同》，为上海 银行向公司全资子公司浙江福达合金材料科技有限公司（以下简称"福达科技"） 提供的银行授信额度提供连带责任保证，担保期限为主合同项下债务履行期届满 之日起三年。 公司名称：浙江福达合金材料科技有限公司 成立时间：2019年05月21日 （二）上市公司就本担保事项履行的内部决策程序 公司分别于 2025 年 4 月 25 日、2025 年 5 月 16 日召开第七届董事会第十 四次会议、2024 年年度股东大会，审议通过了《关于 2025 年度申请综合授信额 度的议案》，同意公司及子公司 2025 年度拟向金融机构及类金融企业申请总额 不超过人民币 28 亿元 ...

证券代码：603045 证券简称：福达合金 公告编号：2025-027 福达合金材料股份有限公司 关于为全资子公司提供担保的公告 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个别及连带责任。 重要内容提示: 一、担保情况概述 （一）担保基本情况 2025 年 6 月 13 日，福达合金材料股份有限公司（以下简称"公司"）向湖 北省宏泰供应链管理有限公司(以下简称"湖北宏泰"）出具了《担保函》，为 全资子公司浙江福达合金材料科技有限公司（以下简称"福达科技"）在 2025 年 6 月 13 日至 2026 年 12 月 31 日期间，基于《采购框架合同》（合同编号： FDCGF2506036）从湖北宏泰采购原材料所签订的采购合同、采购订单而产生的未 付债务承担连带保证责任，担保最高额为 13,000 万元。担保期限为主合同及主 合同项下具体的采购合同、采购订单生效之日起至债务履行期限届满之日起三年。 （二）上市公司就本担保事项履行的内部决策程序 公司分别于 2025 年 4 月 25 日、2025 年 5 月 16 日召开第七届董事会第 ...