Core Viewpoint - The strategic cooperation agreement between Zhifu Resources Investment and Tianyin Communication (Hong Kong) aims to establish a comprehensive and forward-looking partnership to enhance global electronic product trade and distribution [1] Group 1: Strategic Cooperation Agreement - The agreement involves joint efforts to expand global electronic product trade, distribution, and brand promotion, leveraging Hong Kong as an international business hub to cover key markets in Southeast Asia, the Middle East, and Europe [1] - Tianyin Communication (Hong Kong) will provide a legal product supply channel within its authorized brand distribution system and offer a revolving credit facility to support the company's working capital and procurement activities [1] - A joint venture will be established to integrate trade, logistics, and management services into a global supply chain management company, enhancing revenue scalability, operational efficiency, and long-term business resilience [1] Group 2: Benefits and Strategic Alignment - The board believes that this strategic cooperation will benefit the group's trade business, enhance the stability of product supply, and expand sales in overseas markets, aligning with the group's long-term development goals and business strategy [1] - The board considers this strategic cooperation to be in the overall interest of the company and its shareholders [1]

Core Viewpoint - The strategic cooperation agreement between ZhiFu Resources Investment and Tianyin Communication (Hong Kong) aims to establish a comprehensive and stable partnership to expand global electronic product trade and distribution [1] Group 1: Strategic Cooperation Agreement - The agreement was signed on October 13, 2025, to foster a forward-looking strategic partnership [1] - Both parties will leverage Hong Kong as an international business hub to extend their business reach into key markets such as Southeast Asia, the Middle East, and Europe [1] - Tianyin Communication (Hong Kong) will provide a legitimate product supply channel within its authorized brand distribution system and offer a revolving credit line to support the company's operating capital and procurement activities [1] Group 2: Joint Venture and Operational Efficiency - A joint venture will be established to integrate trade, logistics, and management services, enhancing the scalability of revenue, operational efficiency, and long-term business resilience [1] - The board believes that this strategic cooperation will benefit the group's trade business, enhance the stability of product supply, and expand sales in overseas markets [1] - The cooperation aligns with the group's long-term development goals and business strategy, serving the overall interests of the company and its shareholders [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 (於百慕達註冊成立之有限公司) (股份代號: 7) 自願公告 戰略合作協議 本公告乃由智富資源投資控股集團有限公司（「本公司」）為告知本公司股東（「股東」） 及潛在投資者本公司及其附屬公司（「本集團」）的最新業務發展自願作出。 戰略合作協議 本公司董事會（「董事會」）欣然宣佈，於二零二五年十月十三日，本公司與天音通信 （香港）有限公司（「天音通信香港」），一家由天音通信控股股份有限公司（深圳證劵 交易所上市公司，股票代號：000829.SZ）（「天音控股」）全資擁有的附屬公司，就建 立全面、穩定、具有前瞻性的戰略合作關係而訂立戰略合作協議（「戰略合作協議」）。 根據戰略合作協議， 1 3. 雙方將共同成立一家集貿易、物流和管理服務於一體的全球供應鏈管理合資公 司，進一步提升本公司收入的可擴展性、營運效率和長期業務的韌性。 戰略合作的理由及裨益 董事認為，此次策略合作將有利於本集團的貿易業務，增強產品供應 ...

Group 1 - The Shenzhen state-owned enterprise reform concept index declined by 0.78%, ranking among the top declines in concept sectors, with stocks like Shen Zhen Yi A and Shen Fang Zhi A hitting the daily limit down [1][2] - Among the stocks in the Shenzhen state-owned enterprise reform sector, 12 stocks saw price increases, with Tian Yin Holdings, Te Fa Information, and Shen Shui Gui Yuan leading the gains at 2.39%, 1.92%, and 1.79% respectively [1][2] - The sector experienced a net outflow of 156 million yuan from major funds, with 14 stocks seeing net outflows, and Shen Zhen Yi A leading with a net outflow of 61.05 million yuan [2][3] Group 2 - The top gainers in today's concept sectors included Tong Hua Shun Guo Index at 3.40%, Cell Immunotherapy at 3.18%, and PEEK Materials at 3.06%, while the military equipment restructuring concept fell by 1.88% [2] - Major fund inflows were observed in Tian Yin Holdings, Shenzhen Energy, and Agricultural Products, with net inflows of 31.32 million yuan, 8.29 million yuan, and 6.23 million yuan respectively [2][3] - The stocks with the highest net outflows included Sha He Shares, Shen Sai Ge, and Shen Wu Yi A, with net outflows of 32.55 million yuan, 22.21 million yuan, and 18.35 million yuan respectively [2][3]

Core Insights - The professional chain sector experienced a decline of 0.82% on October 13, with Doctor Glasses leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Ji Feng Technology (300022) closed at 8.76, down 0.11% with a trading volume of 225,200 shares and a turnover of 194 million yuan [1] - Tianyin Holdings (000829) closed at 9.78, down 0.20% with a trading volume of 195,400 shares and a turnover of 190 million yuan [1] - Kids Wang (301078) closed at 10.73, down 0.46% with a trading volume of 251,000 shares and a turnover of 267 million yuan [1] - Huazhi Wine (300755) closed at 19.50, down 0.91% with a trading volume of 137,200 shares and a turnover of 271 million yuan [1] - Aishide (002416) closed at 12.49, down 0.95% with a trading volume of 325,800 shares and a turnover of 405 million yuan [1] - Ai Ying Shi (603214) closed at 17.80, down 1.06% with a trading volume of 35,900 shares and a turnover of 63.47 million yuan [1] - Doctor Glasses (300622) closed at 30.34, down 3.04% with a trading volume of 98,100 shares and a turnover of 293 million yuan [1] Capital Flow - The professional chain sector saw a net outflow of 94.02 million yuan from main funds, while retail funds had a net inflow of 41.85 million yuan [1] - The detailed capital flow for individual stocks indicates that Tianyin Holdings had a main fund net outflow of 1.18 million yuan, while retail funds saw a net inflow of 644,390 yuan [2] - Doctor Glasses experienced a main fund net outflow of 3.16 million yuan, with retail funds having a net inflow of 2.48 million yuan [2]

Group 1 - Harbin Air Conditioning plans to transfer 40% equity of its subsidiary, Harbin Fushanchuan Biotechnology Development Co., Ltd. The subsidiary reported a net profit of -16.0963 million yuan for 2024, which is 218.83% of the previous year's net profit absolute value [1] - Xinhua Insurance expects a net profit of 29.986 billion to 34.122 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 45% to 65% [1][2] - Gansu Energy anticipates a net profit of 1.55 billion to 1.6 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 11.86% to 15.47% [2][3] Group 2 - Dongfang Tower forecasts a net profit of 750 million to 900 million yuan for the first three quarters of 2025, indicating a year-on-year growth of 60.83% to 93% [4] - Meili Eco announced that its subsidiary won a bid for an EPC project worth 2.375 billion yuan [6] - Bohai Chemical's wholly-owned subsidiary will undergo routine maintenance for its 600,000 tons/year PDH unit, expected to last about 30 days [8] Group 3 - Qin Port Co. reported a total throughput of 317.02 million tons for the first nine months of 2025, a year-on-year increase of 5.56% [10] - Jianglong Shipbuilding won a bid for a 72.99 million yuan fishery enforcement vessel project, accounting for 4.22% of its 2024 audited revenue [11] - Longyuan Technology expects a net profit of 35 million to 40 million yuan for the first three quarters of 2025, representing a year-on-year increase of 50.11% to 71.55% [12] Group 4 - Naipu Mining anticipates a net profit of 61 million to 66 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 45.16% to 49.32% [14] - Jinggong Steel Structure reported a cumulative contract amount of 17.98 billion yuan for the first nine months of 2025, a year-on-year increase of 4.8% [15][16] - Shenzhen Gas reported a net profit of 918 million yuan for the first three quarters of 2025, a year-on-year decrease of 13.08% [17] Group 5 - Yabao Pharmaceutical's subsidiary received a drug registration certificate for a new diabetes medication [18] - Shaanxi Coal's coal production in September was 14.56 million tons, a year-on-year increase of 5.34% [20] - Sifang New Materials reported a 15.94% year-on-year decline in concrete production for the first three quarters [22] Group 6 - Nanjing Foods reported a consolidated revenue of 276 million yuan in September, a slight increase of 0.0016% year-on-year [23] - Pulaike received a new veterinary drug registration certificate for a flea and tick treatment [24] - Zhucheng Technology received a cash dividend of 15 million yuan from its subsidiary [25] Group 7 - David Medical's subsidiary received a medical device registration certificate for a portable electronic endoscope image processor [26] - Zhongtong Bus reported a 36.88% year-on-year increase in sales in September, totaling 1,106 units [27] - Xiantan Co. reported a 11.95% year-on-year increase in chicken sales revenue in September [28] Group 8 - Bojun Technology expects a net profit of 552 million to 662 million yuan for the first three quarters of 2025, a year-on-year increase of 50% to 80% [30] - Haishi Pharmaceutical's innovative pain relief drug clinical trial application has been accepted [31] - Lingxiao Pump Industry used 80 million yuan of idle funds to purchase financial products [32] Group 9 - Qiangda Circuit's subsidiary completed business registration changes to expand its operational scope [33] - *ST Tianyu's controlling shareholder applied for bankruptcy liquidation due to severe financial difficulties [34] - Baolidi's shareholder plans to reduce holdings by up to 1 million shares [36] Group 10 - Zijin Mining completed the acquisition of Kazakhstan's Raygorodok gold mine, controlling 100% of its rights [44] - Zhonggang Luoyang's indirect controlling shareholder completed a capital increase, raising registered capital from approximately 26.666 billion yuan to 44.824 billion yuan [46] - Jinyu Jidong's director resigned due to work adjustments [47]

Group 1 - Tianyin Holdings (000829) has received approval for its application to issue shares to specific targets [2] - The company plans to issue up to 308 million shares, aiming to raise approximately 1.708 billion yuan [2] - The underwriting institution for this issuance is CITIC Securities Co., Ltd. [2]

Core Viewpoint - Tianyin Holdings has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Summary by Sections Issuance Details - The company plans to raise a total of up to 1.708 billion yuan through the issuance of A-shares, with the funds allocated to various projects including marketing network construction, digital platform development, lottery research and industrialization, headquarters management center construction, and replenishing working capital [1][2] - The total investment for the projects is estimated at 2.206 billion yuan, with the specific allocation of raised funds detailed for each project [2] Investor Information - The issuance will involve no more than 35 specific investors, including the controlling shareholder, Shenzhen Investment Holdings [2][3] - Other potential investors include securities investment fund management companies, securities firms, trust investment companies, financial companies, insurance institutional investors, qualified foreign institutional investors, and other qualified domestic legal entities and individuals [2] Shareholder Dynamics - Shenzhen Investment Holdings is expected to subscribe for 19.03% of the total raised funds, maintaining its status as the controlling shareholder post-issuance [3][5] - The issuance will not change the control of the company, as Shenzhen Investment Holdings will continue to hold the majority of voting rights [5] Regulatory Compliance - The issuance is subject to approval from the CSRC, and the final number of shares to be issued will be determined based on the CSRC's registration approval [1][3] - The pricing for the shares will be based on the average trading price over the 20 trading days prior to the pricing date, with a minimum price set at 80% of this average [3]

Core Viewpoint - Tianyin Holdings (000829.SZ) has received a positive review from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, indicating compliance with issuance and listing conditions as well as information disclosure requirements [1] Group 1 - The company received a notice from the Shenzhen Stock Exchange's listing review center on October 11, 2025 [1] - The review concluded that the company meets the necessary conditions for issuing stocks to specific investors [1] - The Shenzhen Stock Exchange will proceed to report to the China Securities Regulatory Commission for the relevant registration procedures [1]

天音控股（000829）(000829.SZ)发布公告，公司于2025年10月11日收到深圳证券交易所(简称"深交所") 上市审核中心出具的《关于天音通信控股股份有限公司申请向特定对象发行股票的审核中心意见告知 函》，深交所发行上市审核机构对公司向特定对象发行股票的申请文件进行了审核，认为公司符合发行 条件、上市条件和信息披露要求，后续深交所将按规定报中国证券监督管理委员会(简称"中国证监会") 履行相关注册程序。 ...