Core Viewpoint - Two A-share companies announced plans to use their own funds for "securities investment," indicating a trend of companies seeking to optimize their investment strategies and enhance capital efficiency [2][5]. Group 1: Company Announcements - Liao Co., Ltd. (利欧股份) plans to use up to 3 billion RMB (or equivalent foreign currency) of its own funds for securities investment, approved in a board meeting on August 8, 2025 [2][5]. - Heshun Petroleum (和顺石油) intends to use no more than 200 million RMB of idle self-owned funds for securities investment, with the amount being available for rolling use within a specified period [5][8]. Group 2: Investment Methods - Investment methods for both companies include new share placements or subscriptions, stock and depositary receipt investments, bond investments, entrusted financial management, and other investment activities recognized by the Shenzhen Stock Exchange [5][8]. - Heshun Petroleum emphasizes that its investment will not affect the normal operation of its main business and will follow strict risk control measures [8]. Group 3: Financial Impact - Liao Co., Ltd. asserts that the use of its own funds for securities investment will not create financial pressure or impact its normal operations and investments [5]. - Heshun Petroleum aims to optimize its investment structure and improve capital utilization efficiency to generate more returns for the company and its shareholders [8].

Core Viewpoint - Lio Co. plans to invest up to 3 billion yuan in securities, including stock investments, aiming to enhance capital efficiency and returns [2][7][17]. Group 1: Investment Plans - Lio Co. intends to use no more than 3 billion yuan of its own funds for securities investment, with an authorization period of 12 months from the board's approval [2][7]. - The investment methods include new stock placements, stock and depositary receipt investments, bond investments, and entrusted financial management [7][9]. - Heshun Petroleum also announced plans to invest up to 200 million yuan of idle funds in securities, with a similar 12-month authorization period [4][9]. Group 2: Market Reactions - Investors have expressed mixed reactions, with some questioning why companies are investing in stocks instead of repurchasing their own shares [16][18]. - The stock prices of Lio Co. and Heshun Petroleum showed a decline and slight increase, respectively, indicating market sentiment towards these investment decisions [22]. Group 3: Financial Performance - Lio Co.'s financial performance has been volatile, with net profits of -441 million yuan in 2022, 1.966 billion yuan in 2023, and -259 million yuan in 2024 [21][22]. - Heshun Petroleum has also faced declining profits, with net profits of 104 million yuan in 2022, 52 million yuan in 2023, and 29 million yuan in 2024 [23][24].

Core Insights - Liou Co. and Heshun Petroleum both announced securities investment plans on August 8, with a combined investment of up to 3.2 billion yuan [1][3] Group 1: Liou Co. Investment Plan - Liou Co. approved a plan to use up to 3 billion yuan of its own funds for securities investment, including new stock subscriptions, stock and depositary receipt investments, bond investments, and entrusted financial management [3] - The authorization is valid for 12 months starting from August 8, and does not require shareholder meeting approval [3] - The company aims to enhance capital efficiency and returns while controlling risks and maintaining normal operations [3] - Risk management measures include diversifying investments and controlling scale [3] Group 2: Heshun Petroleum Investment Plan - Heshun Petroleum plans to use up to 200 million yuan of idle funds for securities investment, with the investment types similar to those of Liou Co. [3] - The investment amount can be recycled within the validity period, aiming to optimize investment structure and create greater economic benefits [3] - The company acknowledges the uncertainties in investment returns due to multiple market factors and highlights potential liquidity and operational risks [3] Group 3: Market Context - Many listed companies typically invest idle funds in low-risk financial products, but the decisions by Liou Co. and Heshun Petroleum to invest in the securities market indicate a positive outlook on the current capital market [3] - Market participants emphasize the importance of risk control in securities investments, suggesting that companies should align their strategies with financial conditions to ensure stability and long-term growth [4]

Core Points - The company held its 12th meeting of the 7th Board of Directors on August 8, 2025, via electronic communication, with all 7 directors present, confirming the meeting's legality and compliance with relevant laws and regulations [1][1][1] Group 1 - The board approved a proposal to use its own funds for securities investment, with a unanimous vote of 7 in favor, representing 100% of the attending members [1][1][1] - The details of the securities investment announcement will be published on August 9, 2025, in various financial newspapers and on the official website [1][1][1]

（文章来源：证券日报） 证券日报网讯 8月8日晚间，利欧股份发布公告称，公司第七届董事会第十二次会议审议通过了《关于 使用自有资金进行证券投资的议案》。 ...

Core Viewpoint - The company, Lio Co., Ltd. (002131), has approved a plan to use up to 3 billion yuan (or equivalent foreign currency) of its own funds for securities investment, aiming to enhance investment returns and improve fund utilization efficiency [1][5]. Investment Plan - The investment methods include new share placements or subscriptions, stock and depositary receipt investments, bond investments, entrusted wealth management, and other investment activities recognized by the Shenzhen Stock Exchange [2]. - The investment period is valid for 12 months from the date of the board's approval [2]. - The funds used for this investment are self-owned and will not create financial pressure or affect the company's normal operations [2]. Company Background - Lio Co., Ltd. initially focused on the research, production, and sales of micro and small water pumps and garden machinery [3]. - The company has undergone business transformation and expansion since its listing, establishing a dual business model of "machinery manufacturing + digital marketing" [3]. Financial Performance - In 2024, the company reported a revenue of 21.171 billion yuan, a year-on-year increase of 3.41%, while the net profit attributable to shareholders was a loss of 259 million yuan, primarily due to losses from Ideal Auto stocks [4]. - Despite the temporary losses from stock price fluctuations, the core business maintained strong competitive advantages, achieving a net profit of 161 million yuan, a year-on-year increase of 193.35% [4]. - The company indicated that the losses from stock price changes do not represent actual cash outflows and that the net profit level remains on a steady growth trajectory when excluding certain factors [4]. Current Operations - The company stated that its current operating conditions are normal and its financial status is good, allowing it to utilize idle funds for securities investment while effectively controlling investment risks [5].

Group 1: Company Announcements - Puyuan Precision plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Wanxing Technology intends to issue H-shares and list on the Hong Kong Stock Exchange [11] - Liou Co. plans to use no more than 3 billion yuan of its own funds for securities investment [13] - Guangdong Hongda's subsidiary intends to acquire 60% equity of Changzhilin for 1.02 billion yuan [12] Group 2: Financial Performance and Investments - GSK Gas plans to use 350 million yuan of raised funds for the Wuhan GSK Semiconductor Electronic Gas Station project, with a total investment of 503 million yuan [3] - Lianyungang's wholly-owned subsidiary plans to invest 548.8 million yuan in shipbuilding [2] - Hongjing Optoelectronics plans to invest 1.533 billion yuan in the construction of its R&D and manufacturing headquarters [9] Group 3: Regulatory Issues - Jihua Group is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [7] - *ST Gaohong may face forced delisting due to major violations related to fraudulent issuance of shares and false records in annual reports from 2015 to 2023 [8] Group 4: Sales Performance - Jingji Zhinnong reported sales of 3.51 billion yuan from selling 203,600 pigs in July, with a cumulative sales revenue of 2.243 billion yuan from January to July [8] - Zhengbang Technology reported sales of 7.41 billion yuan from selling 695,200 pigs in July, with a cumulative sales revenue of 4.818 billion yuan from January to July, showing significant year-on-year growth [10] Group 5: Share Transfers - Anzheng Fashion's shareholder plans to transfer 5.35% of the company's shares at a price of 6.78 yuan per share, totaling 141 million yuan [5] - Bidetech's actual controller and associates plan to transfer 29.9% of the company's shares to Dinglong Qishun for 897 million yuan [6]

Group 1: Investment Announcements - Panjiang Co. plans to increase investment by 55.8 million yuan in its wholly-owned subsidiary, New Energy Zhenning Co., for the construction of a wind power project with a total investment of 279 million yuan [1] - Lianyungang's wholly-owned subsidiary, Yunport Ferry Co., intends to invest 548.8 million yuan in building a passenger and vehicle ferry, having signed a construction contract with Huanghai Shipbuilding Co. [1] - Guanggang Gas plans to use 350 million yuan of raised funds for the Wuhan Guanggang Semiconductor Electronic Gas Station project, with a total planned investment of 503 million yuan [1] - Hongjing Optoelectronics intends to invest in a new R&D and manufacturing headquarters with a total investment of 1.533 billion yuan [6] Group 2: Share Transfers - Anzheng Fashion's shareholder plans to transfer 5.35% of the company's shares, totaling 20.8 million shares at a price of 6.78 yuan per share, amounting to 141 million yuan [2] - Bidetech's actual controllers plan to transfer 29.9% of the company's shares, totaling 56.1672 million shares at a price of 15.97 yuan per share, amounting to 897 million yuan [3] Group 3: Financial Performance - Jingji Zhino reported sales of 203,600 pigs in July, generating revenue of 351 million yuan, with a cumulative sales revenue of 2.243 billion yuan from January to July [6] - Zhengbang Technology reported sales of 695,200 pigs in July, with a revenue of 741 million yuan, showing a year-on-year increase of 91.38% and a cumulative revenue of 4.818 billion yuan from January to July [6] - Shuoshi Bio reported a 1.05% decrease in revenue to 176 million yuan for the first half of the year, with a net profit decline of 86.35% to 3.9926 million yuan [9] Group 4: Regulatory Issues - Jihua Group is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [4] - *ST Gaohong received a notice indicating potential major illegal delisting due to fraudulent issuance of shares and false records in annual reports from 2015 to 2023 [4] Group 5: Other Announcements - Wanjing Technology plans to issue H-shares and list on the Hong Kong Stock Exchange [7] - Guangdong Hongda's subsidiary intends to acquire 60% of Changzhilin for 1.02 billion yuan, enhancing its defense equipment business [7] - Lio Co. approved a plan to use up to 3 billion yuan of its own funds for securities investments [8]

Core Viewpoint - The company has approved a plan to use up to 3 billion yuan of its own funds for securities investment, aiming to enhance fund utilization efficiency and increase investment returns for the company and its shareholders [1][4]. Group 1: Securities Investment Plan - The investment will include methods such as new share placements, stock and depositary receipt investments, bond investments, entrusted financial management, and other recognized investment activities [1]. - The investment period is valid for 12 months from the date of the board's approval [1]. - The funds used for this investment are self-owned and will not create financial pressure on the company or affect its normal operations [1]. Group 2: Company Background and Business Development - The company initially focused on the research, production, and sales of micro and small water pumps and garden machinery, later expanding into industrial pumps and smart water services through strategic acquisitions [2]. - The company has established a dual business model of "mechanical manufacturing + digital marketing" after entering the internet marketing sector in 2014 [2]. Group 3: Financial Performance and Impact of Securities Investment - In 2024, the company reported a revenue of 21.171 billion yuan, a year-on-year increase of 3.41%, but incurred a net loss of 259 million yuan primarily due to losses from its investment in Li Auto stocks [3]. - Despite the temporary impact of stock price fluctuations, the core business maintained strong competitive advantages, achieving a net profit of 161 million yuan, a 193.35% increase year-on-year [3]. - The company emphasized that the losses from stock price changes do not represent actual cash outflows and that its main business continues to show steady growth [3].

Group 1 - Liou Co., Ltd. plans to use up to 3 billion yuan of its own funds for securities investment, including new stock placements, stock and bond investments, and entrusted financial management [1] - Anke Biotech's subsidiary has developed PA3-17 injection, which has been included in the list of proposed breakthrough therapeutic products by the National Medical Products Administration, showing an objective response rate of 84.6% in clinical trials [2] - Shuangyi Technology reported a net profit of 99.87 million yuan for the first half of 2025, a year-on-year increase of 324.5%, driven by increased domestic wind power installations and overseas demand for large MW wind turbines [3] Group 2 - Chuangyuan Co., Ltd. stated that the impact of its new products launched in collaboration with domestic animation IPs on revenue and profit is limited in the short term [4] - Puyuan Precision plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its competitiveness and international brand image [5] - Tianyang Technology acquired a 51% stake in Moshuzhijing for 30.6 million yuan, aiming to enhance R&D and expand into international markets [6] Group 3 - Wanxing Technology also plans to issue H-shares and list on the Hong Kong Stock Exchange to further its globalization strategy [8] - Tianfu Communication's shareholder plans to transfer 1.27% of shares due to personal funding needs, with a transfer price based on the average stock price [9] - Hongtian Co., Ltd. reported that orders for its mask and glass substrate equipment have not yet generated revenue or profit [10] Group 4 - Jihua Group is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, clarifying that its main business does not involve brain-computer interface technology [11] - Innovation Medical reported a net loss of 11.36 million yuan for the first half of 2025, an improvement from the previous year's loss of 16.03 million yuan [12] - Shuoshi Biotech's net profit decreased by 86.35% year-on-year, with a proposed cash dividend of 34 yuan per 10 shares [13] Group 5 - Furi Electronics achieved a net profit of 22.08 million yuan in the first half of 2025, recovering from a loss of 93.51 million yuan in the same period last year, driven by improved gross margins in its LED display business [14] - Shiyun Circuit's shareholder plans to reduce its stake by up to 3% [15] - Huaxia Happiness's shareholders plan to reduce their holdings by up to 3% [16] - Henggong Precision's shareholder intends to reduce its stake by up to 3% [17]