Group 1 - The consumer electronics sector increased by 0.16% on January 14, with Kosen Technology leading the gains [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] - Kosen Technology's stock price rose by 6.31% to 20.88, with a trading volume of 718,100 shares and a transaction value of 1.503 billion yuan [1] Group 2 - The consumer electronics sector experienced a net outflow of 5.741 billion yuan from institutional investors, while retail investors saw a net inflow of 4.997 billion yuan [2] - The top stocks with significant net inflows from retail investors included Kosen Technology, with a net inflow of 13.5 million yuan, and ST Derun, with a net inflow of 43.6 million yuan [3] - The overall trading activity in the consumer electronics sector showed mixed results, with some stocks like Kosen Technology and Victory Precision seeing positive movements, while others like Hongrid and Tonglian Precision faced declines [2][3]

Group 1 - Defu Technology plans to acquire at least 51% of Huiru Technology through cash purchase and capital increase, making Huiru a subsidiary [1] - Huiru Technology specializes in the research, production, and sales of high-performance electrolytic copper foil, including lithium battery copper foil and electronic circuit copper foil [1] Group 2 - Medike's shareholder plans to reduce holdings by no more than 1% of the company's shares, amounting to approximately 410.93 million shares [2] - Huadong Medicine's subsidiary, Daor Biotechnology, has its product DR10624 included in the list of breakthrough therapeutic varieties, targeting severe hypertriglyceridemia [3] Group 3 - Fangsheng Pharmaceutical received a notice of non-compliance from the Hunan Provincial Drug Administration regarding its raw material drug production [4] - Yanjing Co. is planning a major asset restructuring, leading to a temporary suspension of its stock [5] - Xianle Health intends to issue H-shares and apply for listing on the Hong Kong Stock Exchange [6] Group 4 - Huate Gas shareholders plan to collectively reduce their holdings by no more than 2% of the company's shares [7] - Hangyu Technology plans to sell up to 752,800 repurchased shares to supplement working capital [8] Group 5 - Sichuan Electronics expects a net loss of between 265 million to 340 million yuan for the year 2025 [10] - Jinzongzi Wine anticipates a net loss for the 2025 fiscal year, although the loss is expected to narrow compared to the previous year [11] - Hebang Bio forecasts a net loss for 2025 due to anticipated asset impairment provisions [12] Group 6 - Dechang Co. expects a net profit decrease of 51% to 61% for 2025, estimating a profit of 160 million to 200 million yuan [13] - Kosen Technology and Weiyuan Co. both project net losses for 2025 [14][15] - Xiantan Co. reported a chicken product sales revenue of 530 million yuan in December 2025, with a year-on-year increase of 9.41% [16] Group 7 - Shangluo Electronics' application for issuing convertible bonds has been accepted by the Shenzhen Stock Exchange [17] - Zhongheng Group anticipates a net loss for 2025 [18]

Core Viewpoint - The company, Kunshan Kosen Technology Co., Ltd., anticipates a net loss for the fiscal year 2025, primarily due to market demand fluctuations, strategic adjustments, and high R&D expenditures [1] Group 1: Financial Performance - The company expects a negative net profit attributable to shareholders for the year 2025 [1] - The anticipated loss is attributed to lower-than-expected orders and low capacity utilization [1] - The company is in communication with its annual audit accountant regarding the performance forecast, with no significant disagreements reported [1] Group 2: Strategic Adjustments - The company is undergoing strategic layout adjustments to optimize low-margin projects, which has resulted in inventory write-offs and asset impairment losses [1] - Continuous high investment in R&D is aimed at enhancing product competitiveness, impacting net profit [1] Group 3: Compliance and Disclosure - The company commits to adhering to the Shanghai Stock Exchange listing rules and will expedite financial accounting to disclose the 2025 performance forecast promptly [1]

Core Viewpoint - Koson Technology is facing operational challenges after previously being a star in the capital market due to its solid-state battery concept, with a projected net loss for 2025 attributed to market demand fluctuations, strategic adjustments, and high R&D expenditures [1][2]. Group 1: Financial Performance - Koson Technology announced that it expects a negative net profit for the year 2025, indicating an operational loss [1]. - The company attributes the anticipated loss to three main factors: market demand fluctuations leading to lower-than-expected orders, strategic adjustments resulting in inventory write-offs and asset impairment losses, and sustained high R&D investments impacting current net profit [1]. Group 2: Market Position and Partnerships - A year ago, Koson Technology was a market favorite due to its involvement in both solid-state batteries and foldable screens, experiencing significant stock price increases [2]. - The company's solid-state battery concept is primarily linked to its partnership with Qingtai Energy, a leading player in the domestic solid-state battery sector, where Koson holds shares and co-invested in a joint venture focused on battery integration and assembly [2]. Group 3: Strategic Moves - In August 2025, Koson Technology disclosed that it does not produce robots or AI glasses, despite being associated with these concepts in media reports [3]. - The company generated approximately 600 million yuan from the sale of Koson Medical, which is intended to optimize its business and financial structure amid increasing international competition [3]. - The funds from the asset sale will be used to supplement the company's working capital and support daily operations [3].

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]

Financial Performance - The company expects a net profit attributable to shareholders to be negative for the fiscal year 2025, indicating a loss in operating performance [1] - The primary reasons for the anticipated loss include market demand fluctuations, lower-than-expected orders, and low capacity utilization [1] - Strategic adjustments to optimize low-margin projects have led to inventory write-offs and asset impairment losses [1] Investment and R&D - The company continues to invest heavily in R&D to enhance product competitiveness, which has impacted net profit [1] Compliance and Governance - The company is committed to complying with the Shanghai Stock Exchange listing rules and will expedite financial accounting work [1]

Core Viewpoint - Kosen Technology (603626) announced on January 11 that it expects a negative net profit for the fiscal year 2025, indicating a projected loss in operating performance for that year [1] Group 1: Reasons for Projected Loss - The company cites fluctuations in market demand as a primary reason for the expected loss, with orders not meeting expectations and capacity utilization remaining at a low level [1] - Strategic adjustments aimed at optimizing low-margin projects have led to inventory write-offs and asset impairment losses [1] - Continuous high investment in research and development to enhance product competitiveness has also negatively impacted the company's net profit [1]

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 - The company, Kosen Technology (603626.SH), anticipates a net loss attributable to shareholders for the fiscal year 2025, indicating a downturn in operational performance [1] Group 1: Financial Performance - The company expects a negative net profit for the fiscal year 2025, indicating a significant decline in financial performance [1] - The anticipated loss is primarily due to fluctuations in market demand, resulting in lower-than-expected orders and reduced capacity utilization [1] Group 2: Strategic Adjustments - The company is undergoing strategic adjustments to optimize low-margin projects, which has led to inventory write-offs and asset impairment losses [1] - Continuous high investment in research and development to enhance product competitiveness is impacting the company's net profit [1]

Core Viewpoint - Kosen Technology (603626) announced on January 11 that it expects a negative net profit attributable to shareholders for the fiscal year 2025, indicating an anticipated operating loss for the company [1] Group 1: Financial Performance - The company has communicated with its annual audit accountant regarding the performance forecast, and there are no significant disagreements between the two parties [1] - The expected loss in 2025 is primarily attributed to fluctuations in market demand, resulting in orders not meeting expectations and low capacity utilization [1] Group 2: Strategic Adjustments - The company is undergoing strategic layout adjustments to optimize low-margin projects, which has led to inventory write-offs and asset impairment losses [1] - To enhance product competitiveness, the company continues to invest heavily in research and development, which has negatively impacted net profit [1]