Core Viewpoint - The company, Zhongji Xuchuang, plans to initiate the preparation for issuing H-shares and listing on the Hong Kong Stock Exchange to enhance its international financing capabilities and support its global expansion strategy [1] Group 1: Company Developments - The company announced a board meeting on November 10, 2025, to authorize management to start the preparatory work for the overseas issuance of shares [1] - The company aims to improve its governance and core competitiveness through the H-share listing, which aligns with its overall development strategy [1] - The company is a leading provider of high-speed optical interconnection solutions, with products widely used in cloud computing data centers, wireless networks, and telecommunications [1] Group 2: Financial Performance - In the first three quarters of this year, the company achieved a revenue of 25.005 billion yuan, representing a year-on-year growth of 44.43% [1] - The net profit attributable to shareholders reached 7.132 billion yuan, with a year-on-year increase of 90.05% [1] - The net profit after deducting non-recurring gains and losses was 7.084 billion yuan, showing a year-on-year growth of 90.54% [1] Group 3: Market Trends and Customer Demand - The company participated in a high-profile institutional research event with over 80 top domestic and international institutions, indicating strong interest in its operations [2] - There is a rapid growth in industry demand, with major overseas clients increasing capital expenditure guidance for AI data center construction [2] - The company has seen a continuous release of 800G order demand since the first quarter, with expected growth in shipment volumes [2][3] - Key customers are beginning to deploy 1.6T technology, with anticipated growth in orders over the next few quarters [2]

Key Points - *ST Yuancheng received a notice regarding the proposed termination of its stock listing [1] - Zhongji Xuchuang plans to issue H-shares and list on the Hong Kong Stock Exchange [2] - Baiwei Storage's H-share filing materials have been accepted by the China Securities Regulatory Commission [3] - Mindray Medical has submitted an H-share listing application to the Hong Kong Stock Exchange [4] - Tianji Co. is promoting the industrialization of lithium sulfide material preparation patents [5] - *ST Yuanshang confirmed that there is no undisclosed significant information [6] - Shannon Chip Innovation noted reports of rising storage chip prices but stated that its fundamentals have not changed significantly [7] - Sichuan Jinding clarified that its associate company does not engage in space computing-related businesses [8] - Demingli is planning refinancing, with no significant changes in the operating environment [9] - Chengxing Co. warned of potential irrational speculation risks regarding its stock price [10] - Shandong Gold's wholly-owned subsidiary needs to pay back taxes and late fees amounting to 738 million yuan, expected to impact net profit by 230 million yuan [11] Mergers and Acquisitions - Lingzhi Software intends to acquire 100% of Kaimiride's equity, with stock resuming trading on November 11 [12] - Victory Co. plans to acquire gas-related assets from its controlling shareholder, with stock resuming trading on November 11 [13] Shareholding Changes & Buybacks - *ST Kaixin's actual controller plans to transfer 5% of the company's shares [14] - Litong Electronics' actual controller and executives plan to reduce their holdings by up to 3.03% [15] - Mingchen Health's actual controller and executives plan to reduce their holdings by up to 3.27% [16] - Sanmei Co.'s actual controller plans to reduce holdings by up to 3% [17] - Huayang Intelligent's Fosun Weiying plans to reduce holdings by up to 5% [18] - Huading Co.'s Hangzhou Yuejun plans to reduce holdings by up to 3% [19] Contract Awards - Zhongbei Communication signed a comprehensive service framework agreement worth 1 billion yuan [20] - State Grid Information Technology's subsidiaries collectively won a 1.318 billion yuan procurement project from the State Grid [21] - Digital Government's wholly-owned subsidiary jointly won a 109 million yuan smart water project [22] Other Developments - Shangtai Technology plans to invest 4.07 billion yuan to build a project with an annual production capacity of 200,000 tons of lithium-ion battery anode materials [24] - Chaoying Electronics plans to invest approximately 1.468 billion yuan in Thailand to expand AI computing high-end printed circuit board production [24] - Bojun Technology's wholly-owned subsidiary plans to invest 1 billion yuan to establish an automotive parts production base [24]

Group 1 - Victory Co., Ltd. plans to acquire gas-related assets controlled by its controlling shareholder and will resume trading on November 11 [2][3] - The acquisition will involve issuing shares and cash payments, targeting assets including 100% equity of Zhongyou Zhuhai and 100% equity of Tiandali Tong [2] - The transaction is expected to enhance the company's profitability and deepen its gas industry chain layout [3] Group 2 - Zhongbei Communication signed a comprehensive service framework agreement worth 1 billion yuan with Xiamen Hongxin Electronic Technology Group [5] - The contract is valid for 60 months and will allow Zhongbei to recognize revenue based on performance obligations [5] Group 3 - Shangtai Technology plans to invest approximately 4.07 billion yuan to build a project with an annual production capacity of 200,000 tons of lithium-ion battery anode materials [6] Group 4 - ST Gaohong's stock will be delisted on November 11, 2025, as decided by the Shenzhen Stock Exchange [8] - ST Huatuo's application to remove other risk warnings has been approved, and its stock will resume trading on November 12, 2025 [9] Group 5 - New Peng Co., Ltd. signed an investment cooperation agreement with Jabil Inc. for a battery energy storage system project, with a total investment of approximately 15 million USD [10] - The project aims to develop and manufacture large battery storage systems, with completion expected by the end of 2026 [10] Group 6 - Yunnan Baiyao's board elected Zhang Wenxue as chairman and Dong Ming as vice chairman for a three-year term [11] - Maiwei Co., Ltd. extended its concerted action agreement among major shareholders for another year [11] Group 7 - Ganfeng Lithium announced progress on the PPGS lithium salt lake project, with an environmental impact assessment report issued [12] - The project aims to submit a large investment application to the Argentine government in 2026 [12] Group 8 - Fangzhi Technology plans to acquire 100% equity of Zhixiang Technology for 116 million yuan, which will become a wholly-owned subsidiary [13] - Zhixiang Technology specializes in AI and smart space technology applications [13] Group 9 - Jiangsu Suopu is undergoing maintenance on its methanol and acetic acid production facilities, expected to resume production by November 10, 2025 [17]

Core Viewpoint - The company, Zhongji Xuchuang, plans to initiate the process for issuing H-shares and listing on the Hong Kong Stock Exchange to enhance its international strategy and global presence [1] Group 1: Company Actions - The company announced that it will hold the 25th meeting of the fifth board of directors on November 10, 2025, to review the proposal for the H-share issuance [1] - The board has authorized the management to start the preparatory work for the H-share listing, with a timeframe of 12 months from the board's approval [1] Group 2: Strategic Goals - The move aims to strengthen the company's overseas financing capabilities and improve its governance and core competitiveness [1]

Core Viewpoint - The company, Zhongji Xuchuang Co., Ltd. (stock code: 300308), has announced the initiation of preparations for the issuance of H-shares and listing on the Hong Kong Stock Exchange, aiming to enhance its international strategy and global presence [1] Group 1 - The fifth session of the company's board of directors held on November 10, 2025, approved the proposal to authorize the management to start the preparatory work for the overseas issuance of H-shares [1] - The authorization period for the management to proceed with the H-share listing preparations is set for 12 months from the date of the board's approval [1] - The H-share listing aims to improve the company's overseas financing capabilities, enhance governance standards, and strengthen core competitiveness, contributing to high-quality development [1] Group 2 - The company plans to discuss specific progress on the H-share listing with relevant intermediary institutions, although details regarding the listing have not yet been finalized [1]

Core Viewpoint - The company Zhongji Xuchuang plans to issue H-shares and list on the Hong Kong Stock Exchange, with the board authorizing management to initiate preparatory work for the listing within a 12-month period from the board's approval date [1]. Group 1 - The board meeting is scheduled for November 10, 2025 [1]. - The company aims to expand its capital base and enhance its market presence through the H-share issuance [1]. - The authorization for management to start the preparatory work is valid for 12 months from the board's decision [1].

Macro Dynamics - The State Council issued measures to guide private capital's orderly participation in low-altitude economy infrastructure construction, optimizing satellite communication business access policies and supporting capable private enterprises in major national technology tasks [2] Pharmaceutical Innovations - Shanghai Hepu Pharmaceutical's innovative hepatitis B drug Hepulapta achieved breakthrough results in a Phase II clinical trial, showing the ability to reverse drug resistance in chronic hepatitis B patients and achieve sterilizing cure [3] Automotive Market - In October, the retail sales of new energy passenger vehicles reached 1.282 million units, a year-on-year increase of 7.3%, while the cumulative sales from January to October reached 10.151 million units, growing by 21.9% [4][5] Oil Price Adjustments - Domestic gasoline and diesel prices will increase by 125 and 120 yuan per ton respectively starting from November 10, with an average increase of 0.10 yuan per liter for 92, 95 gasoline, and 0 diesel [6] Monetary Policy - The Bank of Japan's October meeting minutes suggest a possible interest rate hike in December, aligning with market expectations for an increase in borrowing costs by early next year [7] Financial Institutions - Zhejiang Securities announced the retirement of Chairman Wu Chenggen and the appointment of Qian Wenhai as the new chairman and president [9] Market Data - The Shanghai Composite Index rose by 0.53% on November 10, with significant gains in the consumer goods sector, particularly in food and beverage stocks [11] - The total margin financing balance decreased by 50.19 billion yuan as of November 7, with the Shanghai Stock Exchange reporting a balance of 12,567.49 billion yuan [12] Company Developments - Purun Co. announced a share transfer at 106.66 yuan per share, which is a 38% discount compared to the closing price [14] - Zhongji Xuchuang plans to issue H-shares and list on the Hong Kong Stock Exchange [15] - Mindray Medical submitted an application for H-share listing on the Hong Kong Stock Exchange [16] - Shandong Gold's subsidiary needs to pay 738 million yuan in taxes, which is expected to impact the company's net profit for 2025 by 230 million yuan [17] - Lingzhi Software plans to acquire 100% of Kaimiride's equity, with stock resuming trading on November 11 [18] - *ST Yuancheng's stock will be suspended from trading due to falling below the mandatory delisting threshold [19]

Core Viewpoint - The company, Zhongji Xuchuang (300308.SZ), announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and global presence, improve overseas financing capabilities, and strengthen corporate governance and core competitiveness for high-quality development [1] Group 1 - The company aims to promote its internationalization strategy and global layout [1] - The issuance of H-shares is part of the company's overall development strategy and operational needs [1] - The board of directors has authorized the management to initiate the preparatory work for the H-share listing, with a timeframe of 12 months from the board's approval [1]

Group 1 - The company Zhongji Xuchuang (300308.SZ) announced that it will hold a board meeting on November 10, 2025, to discuss the issuance of shares overseas (H-shares) and listing on the Hong Kong Stock Exchange [1] - The board has authorized the management to initiate the preparatory work for the H-share listing, with an authorization period of 12 months from the date of board approval [1]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 中际旭创股份有限公司（以下简称"公司"或"中际旭创"）于 2025 年 11 月 10 日召开第五届董事会第二十五次会议，审议通过了《关于授权公司管理层启动公司境 外发行股份（H 股）并在香港联合交易所有限公司上市相关筹备工作的议案》。 为持续推进公司国际化战略和全球化布局，增强公司的境外融资能力，进一步提 升公司治理水平和核心竞争力，助力公司高质量发展，根据公司总体发展战略及运营 需要，公司拟在境外发行股份（H 股）并在香港联合交易所有限公司（以下简称"香 港联交所"）上市（以下简称"本次 H 股上市"），公司董事会授权公司管理层启动 本次 H 股上市的前期筹备工作，授权期限为自董事会审议通过之日起 12 个月内。 公司计划与相关中介机构就本次 H 股上市的具体推进工作进行商讨，关于本次 H 股上市的细节尚未确定。 根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交易所创 业板股票上市规则》《境内企业境外发行证券和上市管理试行办法》《香港联合交易 所有限公司证券上市规则》等相关法律法规的要求，待具 ...