格隆汇7月30日｜拉卡拉(300773.SZ)现跌6.12%报27.45元，暂成交16亿元，最新市值216亿元。拉卡拉公告称，公司持股5%以上股东联想控股于2025年7月23 日至7月25日期间，通过集中竞价和大宗交易方式累计减持公司股份535.96万股，权益比例由26.54%降至25.86%。本次减持计划与此前披露的减持计划一 致，不影响公司治理结构和持续经营，亦不会导致公司控制权变更。(格隆汇) ...

Macro News - The International Monetary Fund (IMF) has significantly raised China's economic growth forecast for this year by 0.8 percentage points to 4.8%, reflecting stronger-than-expected economic activity in the first half of the year and lower actual tariff rates compared to previous predictions [4] - In the first half of the year, state-owned enterprises in China reported total operating revenue of 4,074.96 billion yuan, a year-on-year decrease of 0.2%. Their total profit amounted to 218.25 billion yuan, down 3.1% year-on-year, and tax payments were 300.26 billion yuan, a decline of 0.8% [4] Industry News - Hong Kong's "Stablecoin Regulation" will come into effect on August 1, with the Hong Kong Monetary Authority releasing five regulatory documents for licensed stablecoin issuers [7] - The China Photovoltaic Industry Association issued a statement refuting claims made by some media regarding "anti-involution" in the photovoltaic industry, particularly concerning polysilicon, stating that the reports were severely inconsistent with actual conditions [7] Company News - WuXi AppTec announced an adjustment to its share repurchase price ceiling to no more than 114.15 yuan per share [11] - The PCB industry is experiencing a significant improvement in market conditions compared to the same period last year, especially for high-end products, with strong demand and rising prices [9] - Changchun High-tech announced that its innovative drug, Amlodipine Besylate Oral Solution, has received approval from the FDA for market launch in the United States [12]

Core Viewpoint - Lenovo Holdings, a major shareholder of Lakala, plans to reduce its stake from 26.54% to 25.86% by selling 5.36 million shares between July 23 and July 25, 2025, without affecting the company's governance structure or control [1] Group 1: Shareholder Actions - Lenovo Holdings intends to reduce its stake by up to 3% of the total shares, with a maximum of 788.08 million shares through centralized bidding and 1.58 million shares through block trading [1] - Another significant shareholder, Sun Haoran, plans to conduct a "full liquidation" of his shares, aiming to sell up to 2.45% of the company's shares due to personal financial needs [2] Group 2: Financial Performance - Lakala's Q1 2025 report shows total revenue of 1.3 billion yuan, a decrease of 1.95 billion yuan or 13.02% year-on-year [2] - The net profit attributable to shareholders dropped to 101 million yuan, down 1.08 billion yuan or 51.71% compared to the same period last year [2] - The net cash inflow from operating activities was 16.73 million yuan, a decline of 314 million yuan or 94.95% year-on-year [2] Group 3: Business Development - Lakala is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international competitiveness and support its international development strategy [3] - The company is currently discussing the specifics of the H-share listing with relevant intermediaries, with the process subject to approval from various regulatory bodies [3]

Core Viewpoint - The article discusses the recent share reduction plans by major shareholders of Lakala, the company's financial performance, and its strategic moves towards internationalization and digital currency applications [1][2][3][4]. Group 1: Shareholder Actions - Lenovo Holdings, a major shareholder, reduced its stake in Lakala from 26.54% to 25.86% by selling 5.3596 million shares between July 23 and July 25, 2025, as part of a previously disclosed plan [1]. - Lenovo Holdings plans to further reduce its stake by up to 3% from July 23 to October 22, 2025, with a maximum of 788.08 million shares through open market transactions and 1,576.16 million shares through block trades [1]. - Another significant shareholder, Sun Haoran, plans to reduce his stake by up to 2.45% due to personal financial needs, with a reduction period from June 12 to September 11, 2025 [2]. Group 2: Financial Performance - Lakala's Q1 2025 financial report shows total revenue of 1.3 billion yuan, a decrease of 1.95 billion yuan or 13.02% year-on-year [2]. - The net profit attributable to shareholders was 101 million yuan, down 1.08 billion yuan or 51.71% compared to the same period last year [2]. - The net cash inflow from operating activities was 16.73 million yuan, a decline of 314 million yuan or 94.95% year-on-year [2]. Group 3: Strategic Developments - Lakala is actively monitoring the issuance and application of stablecoins, especially with the new stablecoin regulations in Hong Kong set to take effect on August 1 [3]. - The company is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international competitiveness and support its international development strategy [3][4]. - Discussions with intermediaries regarding the specifics of the H-share listing are ongoing, but the details are yet to be finalized and will require approval from various regulatory bodies [4].

（文章来源：证券日报） 证券日报网讯 7月29日晚间，拉卡拉发布公告称，公司近日接到公司股东联想控股股份有限公司通知， 获悉其所持有公司的部分股份办理了解除质押登记手续，本次解除质押股份数量为15，860，000股。 ...

Key Points - The article summarizes important announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors [2] Major Events - Xizang Tianlu experienced significant abnormal fluctuations in the trading of its convertible bonds, with a cumulative price increase exceeding 100% over seven trading days, leading to a closing price of 481.80 CNY per bond, representing a premium of 381.80% over the face value [3][4] - Huqin Technology plans to acquire 6% of Jinghe Integrated's shares for 2.393 billion CNY, with a transfer price of 19.88 CNY per share [4][5] - Liyuan Technology's actual controller received a criminal judgment for violating information disclosure regulations, resulting in a one-year prison sentence with a one-and-a-half-year probation and a fine of 3.3 million CNY [6] - Huashi Technology's general manager had the detention measures lifted, allowing him to resume his duties [7] - Dongfang Materials' chairman resigned for personal reasons but will continue as a board member [8] - WuXi AppTec adjusted its share repurchase price limit to a maximum of 114.15 CNY per share [9] - ST Haihua's subsidiary plans to acquire 100% of Lixin Dingsheng for 43 million CNY [10] - Xizang Tourism clarified that it has not engaged in business cooperation related to the Yarlung Tsangpo River project amid stock price volatility [11][12] - Yabont Chemical decided to terminate its planned external investment in Gansu Haotian Technology [13] - Zhongbei Communication's subsidiary terminated its acquisition of a 55% stake in PT. Semesta Energi Services due to unmet conditions [14] - Quzhou Development plans to purchase shares of Xiandai Electronics and raise matching funds, leading to a temporary stock suspension [15] - Shenli Co. terminated its control change plan due to the buyer's failure to pay the agreed transaction price [16] Performance Reports - Greenland Holdings reported a 16.93% year-on-year increase in contract sales amounting to 21.752 billion CNY in Q2 2025 [17][18] - Lujiazui's net profit for the first half of 2025 was 815 million CNY, a decrease of 7.87% year-on-year [19] - Hongfa Co. achieved a net profit of 964 million CNY in the first half of 2025, reflecting a 14.19% increase [20] - Nanya New Materials expects a net profit increase of 44.69% to 71.82% in the first half of 2025 [21] - ST Tianwei anticipates a significant net profit increase of approximately 2064.85% year-on-year [22] - Fudan Microelectronics expects a net profit decrease of 39.67% to 48.29% in the first half of 2025 [23][24] - Sains expects a net profit decrease of 57.53% to 60.13% despite revenue growth [25] - Baotai anticipates a net loss reduction of 110 million to 140 million CNY in the first half of 2025 [26] Major Contracts - China CNR signed several major contracts totaling approximately 32.92 billion CNY [27] - Wantong Intelligent Control entered into an exclusive authorization agreement in the embodied intelligence field [28] - Anhui Construction won a bid for a highway concession project with an estimated total investment of 3.614 billion CNY [29] - Tiantian Technology's subsidiary signed a procurement order worth 400 million CNY for copper-lithium composite strips [30] - Daoshi Technology signed a strategic cooperation agreement related to humanoid robots [31] Shareholding Changes - Suzhou Planning's shareholders plan to reduce their holdings by up to 4.5% [32] - Jiahe Meikang's shareholder plans to reduce holdings by up to 3% [33] - Huaye Fragrance's controlling shareholder plans to reduce holdings by up to 3% [34] - Lanfeng Biochemical's shareholder plans to reduce holdings by up to 2.61% [35] - Anji Food's actual controller plans to reduce holdings by up to 2% [37] - Saiwei Electronics' National Integrated Circuit Fund reduced its holdings by 1.06% [38] - Lakala's Lenovo Holdings reduced its holdings by 535,960 shares [39] Share Buybacks - Shima Power plans to repurchase shares worth 300 million to 400 million CNY [40]

Summary of Key Points Core Viewpoint - On July 29, several A-share listed companies disclosed their shareholding changes, with notable increases in holdings from certain companies and reductions from others [1]. Group 1: Companies Increasing Holdings - Giant Star Agriculture received a loan of 25 million yuan to support its controlling shareholder's increase in holdings [2]. - Antong Holdings saw its shareholding ratio increase to 15% due to the actions of Sinotrans Limited and its concerted parties [2]. - Salt Lake Co., Ltd. reported that its actual controller, China Minmetals, increased its shareholding by 1% [2]. Group 2: Companies Decreasing Holdings - Aosaikang announced plans to reduce its holdings by up to 1.5% [2]. - Ruishun Technology's shareholders plan to collectively reduce their holdings by up to 3.0013% [2]. - Shanghai Auto Parts' shareholders, Glory and Dizhi Kai, intend to reduce their holdings by up to 1.75% [2]. - Suzhou Planning's shareholders plan to reduce their holdings by up to 4.5% [2]. - Saiwei Electronics reported that the National Integrated Circuit Fund has cumulatively reduced its holdings by 1.06% [2]. - Huaye Fragrance's controlling shareholder, Hua Wenliang, plans to reduce holdings by up to 3% [2]. - Aotwei's shareholders, Wuxi Aochuang and Wuxi Aoli, intend to reduce their holdings by up to 1.37% [2]. - Tongding Interconnection's shareholder, Wu Qichuang, plans to reduce holdings by up to 2.08% [2]. - Anji Food's actual controller plans to reduce holdings by up to 2% [2]. - Hailun Zhe announced a share reduction plan [2]. - Maike Audi's shareholders plan to reduce holdings by up to 1% [2]. - Jinding Point Layer's director Xu Xuehai plans to reduce holdings by up to 0.72% [2]. - Lakala reported that Legend Holdings has cumulatively reduced its holdings by 5.3596 million shares, lowering its equity ratio to 25.86% [2]. - Lanfeng Biochemical's Hainan Wenqin plans to reduce holdings by up to 2.61% [2]. - Jiahe Meikang's shareholder Guoshou Chengda plans to reduce holdings by up to 3% [2]. - China Merchants Energy's Huang Shi and executives plan to reduce their stock obtained through equity incentives [2]. - Jingwang Electronics reported stock reduction during periods of abnormal stock fluctuations by Zhichuang Investment [2]. - Kebo Da's actual controller, Ke Binghua, plans to reduce holdings by up to 0.79% [2]. - Junhe Co., Ltd.'s senior management, Chen Jiawei and Fan Chaochun, plan to reduce their holdings [2]. - Mambo's shareholder Wang Xiaohong plans to reduce holdings by up to 0.96% [2]. - Yujing Co., Ltd.'s deputy general manager and board secretary Zhou Bo plans to reduce holdings by up to 147,900 shares [2].

Group 1: Share Buybacks and Acquisitions - WuXi AppTec plans to adjust the maximum repurchase price of its shares to no more than 114.15 yuan per share from the previous limit of 90.72 yuan per share, while other details of the repurchase plan remain unchanged [2] - ST Haihua's subsidiary intends to acquire 100% equity of Lvxin Dingsheng for 43 million yuan, citing the favorable development prospects of the natural gas industry [3] - Shenneng Power plans to repurchase shares for 300 million to 400 million yuan, with a maximum repurchase price of 38 yuan per share [4] - Huaneng Technology intends to acquire 6% of Jinghe Integrated's shares for 23.93 million yuan, with a transfer price of 19.88 yuan per share [7] Group 2: Financial Performance - Shijia Photon reported a net profit of 217 million yuan for the first half of 2025, a year-on-year increase of 1712%, with revenue of 993 million yuan, up 121.12% [5] - Enhua Pharmaceutical achieved a net profit of 700 million yuan in the first half of 2025, a year-on-year increase of 11.38%, with revenue of 3.01 billion yuan, up 8.93% [13] - Guangzhi Technology reported a net profit of 23.99 million yuan for the first half of 2025, marking a turnaround from losses, with revenue of 1.02 billion yuan, up 78.2% [10] Group 3: Market Activities and Listings - Binhua Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange, currently discussing specific details with relevant intermediaries [8] - Tubaobao's subsidiary, Dehua Tubaobao Investment Management, holds a 2.05% stake in Hanhai Group, which is set to be listed on the Shenzhen Stock Exchange [12] - Changchun Gaoxin's subsidiary has received FDA approval for a hypertension drug, expanding its market presence in the U.S. [13]

拉卡拉（300773）(300773.SZ)公告，公司股东联想控股股份有限公司(简称"联想控股")于2025年7月23 日-7月25日期间通过集中竞价方式、大宗交易方式累计减持公司股份535.96万股。权益变动后，联想控 股权益比例由26.54%下降至25.86%。 ...

人民财讯7月29日电，拉卡拉（300773）7月29日晚间公告，联想控股股份有限公司(简称"联想控股")于 7月23日—7月25日期间通过集中竞价方式、大宗交易方式累计减持公司股份535.96万股。本次权益变动 后，联想控股权益比例由26.54%下降至25.86%，达到1%的整数倍。联想控股不是公司控股股东、实际 控制人，本次减持计划实施不会影响公司的治理结构和持续经营，亦不会导致公司控制权发生变更。 ...