Core Points - On November 12, Century Huatong announced a share repurchase plan of 500 million to 1 billion yuan for capital reduction [1][2] - A total of 18 A-share listed companies disclosed share reduction plans, indicating a trend of shareholder divestment [1][2] Summary of Share Repurchase - Century Huatong plans to repurchase shares worth between 500 million and 1 billion yuan to reduce registered capital [2] Summary of Share Reductions - Tai Xiang Co. plans to reduce no more than 1% of its shares by shareholder Zhongyuan Investment [2] - Jiang Bolong's second-largest shareholder has completed a reduction of 4.1915 million shares [2] - Senior management of Zhejiang Zhongcheng plans to reduce their holdings [2] - Controlling shareholder of Hexing Packaging intends to reduce no more than 1.91% of shares [2] - Shareholder Wang Ge of Dongfang Zhongke plans to reduce no more than 0.51% of shares [2] - Executive Yu Qingchi of Kuai Publishing plans to reduce no more than 0.02% of shares [2] - Directors and executives of Changlian Co. plan to collectively reduce no more than 0.77% of shares [2] - China Unicom's structural adjustment fund reduced 40.7003 million shares from November 10 to November 12 [2] - Shareholder Chen Bei of Ruimaite plans to reduce no more than 1.76% of shares [2] - Shareholder Zhang Hong of Aipeng Medical plans to reduce no more than 2% of shares [2] - Director Wo Jinye of Jujiao Co. plans to reduce no more than 0.01% of shares [2] - Directors and executives of Zhonglan Environmental Protection plan to reduce their holdings [2] - Shareholders Ning Kangqi and Beikangqi of Hendi Pharmaceutical plan to collectively reduce no more than 2.33% of shares [2] - Wuxi High-tech Zone New Momentum Industry Development Fund reduced 549,200 shares of Xiangnan Chip [2] - Controlling shareholder of Tianji Co. sold 8.4 million shares during a period of significant stock trading volatility [2] - The second-largest shareholder of Fangzheng Electric reduced a total of 1.6324 million shares on November 10 and 12 [2] - Controlling shareholder of Haodangjia plans to reduce no more than 2.7% of shares [2] - Controlling shareholder of Zhibang Home reduced 905,000 convertible bonds [2]

Core Insights - The brain engineering sector is leading the market with a rise of 1.05% [1] Company Performance - Aipeng Medical saw a significant increase of 7.51% [1] - Innovation Medical experienced a rise of 4.41% [1] - Century Huatong increased by 3.41% [1] - Chengyitong, Xiangyu Medical, and Sanbo Brain Science all rose by over 2% [1]

Core Viewpoint - Century Huatong (002602) announced a plan to repurchase its shares using self-owned or self-raised funds, with the intention to cancel all repurchased shares and reduce the company's registered capital [1] Summary by Category Share Repurchase Plan - The total amount for the share repurchase will not be less than RMB 50,000.00 million and not exceed RMB 100,000.00 million [1]

Core Viewpoint - The company announced a proposal for share repurchase by its chairman, indicating a strategic move to enhance shareholder value [2] Group 1 - The board of directors received a proposal from Chairman Wang Ji on November 7, 2025, regarding the repurchase of shares [2] - The repurchase will be conducted through centralized bidding transactions [2] - The shares involved are part of the company's issued ordinary shares (A-shares) [2]

Group 1 - The company, Century Huatong, announced a share buyback plan ranging from 500 million to 1 billion yuan [1] - The maximum buyback price is set at 28.77 yuan per share [1]

Core Points - Century Huatong officially removed risk warnings and changed its stock name from "ST Huatong" to "Century Huatong," allowing a daily price fluctuation limit increase from 5% to 10% after over a year of systematic rectification and governance optimization [1] Group 1: Corporate Governance and Internal Control - The company has undertaken comprehensive self-inspection and rectification to address issues identified by regulatory authorities, correcting accounting errors from 2018 to 2023, as confirmed by DaXin Accounting Firm [2][3] - Century Huatong has revised 23 regulations across six categories, enhancing its governance framework and risk prevention measures, leading to a more robust internal control system [3] - The restructuring of governance is seen as a strategic upgrade from passive compliance to proactive governance, establishing a clear accountability and operational loop [3] Group 2: Strategic Focus and Performance Growth - The company has shifted its operational strategy to focus on core businesses, particularly in digital content, game operations, and cloud computing, which has led to sustained profit growth [3] - In Q3 2025, Century Huatong achieved a record revenue of over 10 billion yuan in a single quarter, with total revenue of 27.223 billion yuan and net profit of 4.357 billion yuan for the first three quarters of 2025, surpassing the entire revenue of 2024 [4] - The governance restructuring has allowed the company to unlock its potential, resulting in a stable cash flow that supports future growth [4] Group 3: Market Response and Future Outlook - The market has responded positively to the company's transformation, with its market capitalization reaching 137.5 billion yuan, more than doubling from 38.2 billion yuan a year ago [5] - The removal of risk warnings is expected to enhance the company's capital market opportunities, including valuation recovery, improved financing capabilities, increased market activity, and enhanced brand influence [4][5]

Group 1 - Peking University Medicine's chairman Xu Xiren has been arrested for criminal charges, but the company's control remains unchanged and operations are normal [3] - Victory Shares plans to issue shares and pay cash to acquire assets, along with raising supporting funds, following a significant stock price fluctuation [4] - Bangji Technology has terminated a major asset restructuring due to failure to reach an agreement with the counterparty, after experiencing a significant stock price decline [5] Group 2 - ST Songfa has completed a major asset restructuring, changing its main business from ceramics to shipbuilding and high-end equipment [6] - Oriental Yuhong plans to sell certain properties, expecting to incur an asset disposal loss of 25.81 million yuan, which exceeds 10% of its audited net profit [7] - Baili Tianheng has decided to delay its global issuance and listing of H-shares due to current market conditions [8] Group 3 - Transsion Holdings is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its competitiveness and international brand image [9] - Shengtun Mining intends to invest approximately 1.423 billion yuan in its wholly-owned subsidiary Shengtun Gold International [11] - Haibo Sichuang has signed a strategic cooperation agreement with CATL, committing to a cumulative procurement of no less than 200 GWh of electricity from 2026 to 2028 [12] Group 4 - Century Huatong plans to repurchase shares worth between 500 million and 1 billion yuan, with a maximum repurchase price of 28.77 yuan per share [14] - Shannon Chip Innovation's major shareholder has reduced its stake by 549,200 shares, bringing its holding below 5% [16] - Fangzheng Electric's shareholder Zhang Min has reduced his stake by 1.6324 million shares, now holding 5% of the total shares [17] Group 5 - Longjian Co. has won a project worth 483 million yuan for road maintenance in Heilongjiang Province [21][22] - Zhejiang Communications has been awarded a project estimated at 11.103 billion yuan for new urbanization construction in Tonglu County [23] - Dash Smart has secured a project for the intelligent construction of the new Huanggang Port, with a contract value of 55.06 million yuan [24]

世纪华通（002602）(002602.SZ)发布公告，公司拟以5亿元至10亿元回购股份，回购价格不超过28.77 元/股，回购的股份将全部注销并减少公司注册资本。 ...

2025年1至6月份，世纪华通的营业收入构成为：软件服务占比95.5%，汽车零部件占比4.42%，人工智 能云数据占比0.07%。 截至发稿，世纪华通市值为1375亿元。 每经AI快讯，世纪华通（SZ 002602，收盘价：18.51元）11月12日晚间发布公告称，浙江世纪华通集团 股份有限公司董事会于2025年11月7日收到公司董事长王佶先生出具的《关于提议浙江世纪华通集团股 份有限公司回购股份的函》。王佶先生提议公司通过集中竞价交易方式回购部分公司已发行的人民币普 通股（A股）股票。回购股份的资金总额不低于人民币5亿元（含），不超过人民币10亿元（含）。 每经头条（nbdtoutiao）——谁在替王家卫写《繁花》？揭秘影视剧本层层转包"枪手链" （记者 王晓波） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 ...

Group 1 - The company, Century Huatong (002602.SZ), announced a share repurchase plan with a total funding amount not less than RMB 50 million and not exceeding RMB 100 million [1] - The repurchase price will not exceed RMB 28.77 per share [1] - All repurchased shares will be canceled, leading to a reduction in the company's registered capital [1]