Core Viewpoint - The company, 二六三网络通信股份有限公司, is planning to utilize its idle funds for financial investments and is also establishing a wholly-owned subsidiary in Hong Kong to engage in submarine cable business. Group 1: Financial Investments - The company and its subsidiaries plan to use up to RMB 500 million of idle funds to purchase principal-protected financial products issued by commercial banks in 2026 [1][2][3] - The investment period for these financial products will be from January 1, 2026, to December 31, 2026, and the funds will be sourced from the company's own idle funds, not involving raised funds or bank credit [1][2] Group 2: Subsidiary Establishment - The company has approved a change in its external investment plan and intends to establish a wholly-owned subsidiary in Hong Kong to conduct submarine cable business, with an investment amount of RMB 320 million [1][2][3] - This adjustment replaces the original plan to increase capital in 上海二六三 and subsequently in 263环球通信, due to lengthy approval processes [1][2]

Core Viewpoint - The stock of Erli San has shown a mixed performance in recent months, with a year-to-date increase of 11.07% and a recent uptick of 2.00% on December 31, 2023, indicating potential investor interest and market activity [1][2]. Group 1: Stock Performance - As of December 31, 2023, Erli San's stock price reached 6.12 yuan per share, with a trading volume of 2.52 billion yuan and a turnover rate of 3.06%, resulting in a total market capitalization of 84.17 billion yuan [1]. - Year-to-date, the stock has increased by 11.07%, with a recent 5-day increase of 3.20%, while it has remained flat over the past 20 days and decreased by 3.77% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Erli San reported a revenue of 591 million yuan, reflecting a year-on-year decrease of 11.86%, while the net profit attributable to shareholders was 75.83 million yuan, showing a year-on-year increase of 17.56% [2]. - The company has distributed a total of 971 million yuan in dividends since its A-share listing, with 235 million yuan distributed over the past three years [3]. Group 3: Shareholder and Institutional Holdings - As of December 20, 2023, the number of shareholders for Erli San was 150,500, a decrease of 1.34% from the previous period, with an average of 9,082 circulating shares per shareholder, an increase of 1.35% [2]. - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, holding 8.67 million shares, an increase of 3.48 million shares from the previous period [3].

Group 1 - The company reported a closing price of 6.0 yuan on December 30, 2025, with an increase of 1.18% and a turnover rate of 2.38% [1] - On the same day, the net inflow of main funds was 23.73 million yuan, indicating significant accumulation [4] - The company plans to use up to 500 million yuan of its idle funds in 2026 to purchase principal-protected financial products issued by commercial banks [1][2] Group 2 - The company announced a change in its external investment plan, opting to establish a wholly-owned subsidiary in Hong Kong to conduct submarine cable business, with an investment amount of 320 million yuan [2][4] - This adjustment was made due to lengthy approval processes and does not constitute a related party transaction or major asset restructuring [2] - The new subsidiary will be included in the consolidated financial statements and will not affect the company's financial and operational status [2]

Group 1 - Zijin Mining expects a net profit of approximately 51-52 billion yuan for 2025, representing a year-on-year increase of about 59%-62% due to growth in gold, copper, and silver production and sales prices, along with a significant increase in lithium carbonate production [1] - Tianpu Co. has seen its stock price rise by 718.39% from August 22 to December 30, leading to a suspension for stock trading review due to significant deviation from the company's fundamentals [1] - Salt Lake Co. plans to acquire 51% of Wenkang Salt Lake for 4.605 billion yuan, which will enhance its competitive edge in lithium and potassium resource development [1] Group 2 - Mingde Bio intends to acquire 100% of Wuhan Bikaier Rescue Supplies Co. in a cash transaction, which is expected to constitute a major asset restructuring [2] - Jiamei Packaging has announced that it may apply for a trading suspension if its stock price continues to rise abnormally, despite no significant changes in its fundamentals [2] Group 3 - Jinpan Technology signed a contract worth approximately 696 million yuan for an overseas data center project, which is expected to positively impact the company's long-term performance [3] Group 4 - China Pharmaceutical plans to acquire 70% of Zezheng Pharmaceutical for 525 million yuan [4] - Shengxin Lithium Energy intends to acquire 30% of Qicheng Mining for 2.08 billion yuan to increase its control over Huirong Mining [5] - China Aluminum's subsidiary plans to acquire 51% of Yun Aluminum Logistics for 264 million yuan [5]

Group 1 - The core viewpoint of the article is that the company has established a subsidiary in Hainan, which serves as an investment management and cooperation platform [1] - The subsidiary is named Hainan Erliang San Investment Co., Ltd. [1] - The current Hainan customs closure policy has not had a direct impact on the existing business operations of the company's Hainan subsidiary [1]

Group 1 - The core point of the article is that the company, Erliushi, announced the approval of a proposal by its eighth board meeting to use idle funds for purchasing financial products in 2026 [2] Group 2 - The proposal involves the company and its subsidiaries utilizing their own idle funds for investment purposes [2] - This decision reflects the company's strategy to optimize asset management and enhance returns on idle capital [2] - The announcement indicates a proactive approach to financial management by the company [2]

Group 1 - China Medical plans to acquire 70% equity of Zezheng Pharmaceutical for 525 million yuan to enhance its R&D capabilities in the pharmaceutical sector [1] - Hongchang Electronics has commenced production of its functional high-end copper-clad laminate electronic materials project [2] - China State Construction has secured multiple major projects totaling 32.09 billion yuan, which represents 1.5% of its audited revenue for 2024 [3] Group 2 - China Resources Double Crane has established an industrial fund with a committed investment of 83 million yuan, targeting a total fundraising goal of 500 million yuan [4] - Pinggao Electric and its subsidiaries have won state grid procurement projects worth approximately 876 million yuan, accounting for 7.06% of its 2024 revenue [5] - Dong'an Power received a government subsidy of 2.47 million yuan, with 1.47 million yuan related to assets and 1 million yuan related to income [6] Group 3 - Nantian Information has paid overdue taxes and penalties totaling 50.31 million yuan, which will impact its net profit for 2025 [7] - Erli Six has changed its investment plan to establish a wholly-owned subsidiary in Hong Kong for submarine cable business with an investment of 320 million yuan [8] - Dream Lily plans to invest 170 million yuan in an e-commerce warehouse project at its East US factory [9] Group 4 - Shen Shen Fang A's controlling shareholder has terminated the agreement to transfer 7.07% of the company's shares to Dongfang Asset, with no change in control [10] - Tianfu Culture has signed strategic cooperation framework agreements with various cultural and tourism bureaus to promote film and tourism integration [11] - Jinzi Tianzheng's chairman has resigned due to work adjustments, but will continue to fulfill his duties until a new chairman is elected [12] Group 5 - Jiangshan Oupai and its subsidiaries received government subsidies totaling 10.04 million yuan, with 7.51 million yuan related to income [13] - Ninghu Expressway plans to increase its investment in Jiangsu Danjin Expressway Co., Ltd. by 128 million yuan to support highway construction [14] - Jiangyin Bank has received approval for the qualifications of its employee director and vice president [15] Group 6 - Aoxiang Pharmaceutical has received approval for the listing application of two chemical raw materials [16] - Daye Co. has not yet commenced mass production of its robotic tendon products, with ongoing uncertainties in technology and profitability [17] - Rongsheng Environmental has proposed a cash dividend of 3.8 yuan per 10 shares, totaling approximately 97.36 million yuan [19] Group 7 - Yunyi Electric plans to invest 66 million USD in Morocco to establish a wholly-owned subsidiary and production base [20] - Derun Electronics has reached an agreement regarding the delayed payment of 100 million yuan in equity transfer funds [21] - Baihua Pharmaceutical is planning a change in control, leading to a continued suspension of its stock [22] Group 8 - CITIC Bank's executive director and president has resigned due to work adjustments [23] - Haizike's subsidiary has received acceptance for clinical trial applications for two innovative drugs [24] - Tianrun Dairy's subsidiaries received government subsidies totaling 21.53 million yuan, representing 49.32% of its net profit for 2024 [25] Group 9 - Andisou plans to issue 398 million A-shares at 7.54 yuan per share, raising a total of 3 billion yuan [26][27] - Fuda Co. has completed the transfer of its 50% stake in a joint venture, which is expected to positively impact its 2025 financial results [28] - Jianghua Micro has received environmental approval for a project to produce 37,000 tons of ultra-pure wet electronic chemicals [29] Group 10 - Nanwang Technology received a government subsidy of 10 million yuan, accounting for 0.66% of its net assets for 2024 [30] - Changgao Electric New has won state grid procurement projects totaling 161 million yuan, representing 9.14% of its 2024 revenue [31] - Huaxin Precision plans to invest up to 600 million yuan of idle funds in low-risk financial products [32] Group 11 - Fuguang Co. received a government subsidy of 1.26 million yuan for basic research projects, which is 13.27% of its net profit for 2024 [33] - Benli Technology has obtained a drug production license, which will help optimize its product structure [34] - Jintuo Co. proposed a cash dividend of 4.1 yuan per 10 shares, totaling approximately 99.48 million yuan [35] Group 12 - Kang Enbei has elected a new chairman and vice chairman during its board meeting [36] - Sanyuan Bio has completed the construction and installation of equipment for the remaining capacity of its 20,000-ton alulose project [38]

Group 1 - The company announced a change in its investment plan, opting to establish a wholly-owned subsidiary in Hong Kong to conduct international submarine cable business, maintaining the investment amount at 320 million yuan [1] - The decision to change the investment plan was made to optimize the approval process for foreign direct investment and enhance operational efficiency in the submarine cable sector [3] - The company has a solid financial position, and the investment will not adversely affect its financial or operational status, as the funds will come from its own resources [3] Group 2 - The company has been focusing on cloud services for over 20 years, aiming to become a leading provider of internet communication cloud services globally [2] - Submarine communication cables account for over 95% of international data flow, making them crucial infrastructure for global communication and supporting China's network strategy [2] - The company has invested tens of millions of yuan in procuring submarine cable resources since 2024, establishing high-capacity backbone networks connecting Europe, Asia, and America [2]

Group 1 - The company 263 announced that its eighth board meeting was held on December 30, 2025, combining in-person and communication methods [1] - The meeting reviewed proposals including the change of external investment plans and the establishment of a wholly-owned subsidiary in Hong Kong [1] Group 2 - A new type of chip has been developed in China, which aims to bypass the restrictions imposed by lithography machines [1] - This new chip supports AI training and embodied intelligence, and can be mass-produced using mature processes of 28 nanometers and above [1]

二六三网络通信股份有限公司 关于公司及子公司 2026 年使用自有闲置资金 购买理财产品的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：002467 证券简称：二六三 公告编号：2025-042 重要内容提示： 1．投资种类：商业银行发行的保本型理财产品。 2．投资金额：公司及子公司使用不超过人民币 5 亿元（含 5 亿元）额度的 自有闲置资金购买商业银行发行的保本型理财产品，在上述额度内，资金可循环 滚动使用。 3．特别风险提示：公司购买标的仅限于商业银行发行的保本型理财产品， 风险可控。但金融市场受宏观经济的影响较大，短期投资的实际收益不可准确预 估。敬请广大投资者注意投资风险。 二六三网络通信股份有限公司（以下简称"公司"）第八届董事会第八次会 议审议通过了《关于公司及子公司 2026 年使用自有闲置资金购买理财产品的议 案》，同意 2026 年度公司及子公司使用自有闲置资金购买商业银行发行的保本 型理财产品，在上述额度内，资金可循环滚动使用。具体情况如下： 一、本次使用自有闲置资金购买理财产品的情况 （一）投资目的 为提高公司资金使用 ...