Core Viewpoint - The announcement by Liao Co., Ltd. regarding the approval to invest up to 3 billion RMB in securities reflects an increasing market attractiveness and a gradual recovery of confidence among institutional and individual investors [1][2]. Group 1: Investment Principles - The company emphasizes the "main business first" principle, ensuring that funds are primarily allocated to core business needs to maintain long-term development [1][2]. - Building a professional investment team is crucial for successful investment decisions, as the complexity of the securities market requires high levels of expertise [2][3]. - Public companies must adhere strictly to legal boundaries during investment decisions to avoid regulatory penalties and protect shareholder interests [2][3]. Group 2: Risk Management - A balanced approach to risk and return is necessary, involving the establishment of a scientific risk-return assessment system and setting reasonable investment proportions based on risk tolerance [2][3]. - Companies should focus on long-term and value investment principles, avoiding speculative behaviors that could lead to unnecessary market volatility [3]. Group 3: Market Impact - The participation of listed companies in securities investment not only indicates enhanced market attractiveness but also injects vitality into the market, contributing to its stable development [3].

Core Viewpoint - The announcement by Liao Co., Ltd. to invest up to 3 billion RMB in securities reflects the increasing attractiveness of the market and the recovering confidence of institutional and individual investors [1] Group 1: Investment Principles - The principle of "main business first" must be adhered to, ensuring that resources prioritize the needs of the main business to support long-term development [1] - Building a professional investment team is crucial for successful investment, as the complexity of the securities market requires high levels of expertise [2] - Public companies must strictly adhere to legal boundaries in their investment decisions to avoid regulatory penalties and protect shareholder interests [2] Group 2: Risk Management and Investment Strategy - Balancing risk and return requires a multi-dimensional approach, including a scientific risk-return assessment system and setting reasonable investment ratios based on risk tolerance [2] - Public companies should exemplify long-term and value investment principles, focusing on high-quality targets with long-term growth potential to mitigate short-term speculative risks [3] - Companies must avoid herd mentality and short-sighted trading behaviors to prevent unnecessary market volatility [3] Group 3: Market Impact - The participation of listed companies in securities investment not only demonstrates the enhanced market appeal but also injects vitality into the market [3] - Prudent decision-making, professional management, and compliance with regulations are essential for maximizing the interests of the company and its shareholders while contributing to the stable development of the capital market [3]

Core Viewpoint - Liou Co., Ltd. has announced the approval of a securities investment plan using its own funds, with a maximum limit of 3 billion RMB, to enhance capital efficiency and increase investment returns for the company and its shareholders [1][2]. Group 1: Securities Investment Plan - The board of directors approved the use of up to 3 billion RMB of self-owned funds for securities investment, which includes various investment methods such as new stock placements, stock and bond investments, and entrusted financial management [1][2]. - The authorization is valid for 12 months from the date of approval and does not require shareholder meeting approval [1]. Group 2: Financial Performance - The company reported a normal operating condition and good financial status, indicating that the use of idle funds for securities investment aims to maximize the effectiveness of these funds [2]. - The half-year performance forecast for 2025 estimates a net profit attributable to shareholders of between 350 million RMB and 450 million RMB, with a net profit excluding non-recurring gains and losses expected to be between 130 million RMB and 180 million RMB [2]. Group 3: Historical Financial Data - Revenue from 2021 to 2024 was reported as follows: 202.81 billion RMB, 202.68 billion RMB, 204.71 billion RMB, and 211.71 billion RMB respectively [3]. - The net profit attributable to shareholders showed fluctuations, with figures of -1.012 billion RMB in 2021, -441 million RMB in 2022, 196.6 million RMB in 2023, and -259 million RMB in 2024 [3][4]. - The net cash flow from operating activities also varied, with negative values reported for each year from 2021 to 2024 [3][4]. Group 4: Corporate Governance Issues - The company faced regulatory scrutiny due to short-term trading by a relative of its directors, which violated stock trading regulations [5][6]. - The trading activities involved buying and selling shares within a six-month period, resulting in a loss of approximately 123,500 RMB for the relative [5].

Core Viewpoint - Two A-share companies announced plans to use their own funds for "securities investment" [2] Group 1: Company Announcements - Liao Group (利欧股份) plans to use up to 3 billion RMB (or equivalent foreign currency) for securities investment, including new stock subscriptions, stock and depositary receipt investments, bond investments, and other recognized investment activities [2] - Liao Group stated that the funds used for this investment are self-owned and will not cause financial pressure or affect normal operations [2][3] - Heshun Petroleum (和顺石油) intends to use up to 200 million RMB of idle self-owned funds for securities investment, with the ability to recycle the funds within the effective period [2] Group 2: Investment Strategy and Goals - Heshun Petroleum emphasized that the use of idle funds for securities investment is aimed at ensuring fund safety and meeting daily operational needs while adhering to risk control measures [3] - The investment strategy is designed to optimize the investment structure and improve fund utilization efficiency, ultimately seeking to generate higher returns for the company and its shareholders [3]

Core Viewpoint - Heshun Petroleum (603353) has announced plans to utilize up to 200 million RMB of idle self-owned funds for securities investment and to absorb its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd. [1][2][3] Company Announcements - Heshun Petroleum's board approved the use of idle self-owned funds for securities investment, with a limit of 200 million RMB, valid for 12 months and can be rolled over [1][2] - The company has established a Securities Investment Management System to regulate investment activities, ensuring compliance with national laws and safeguarding the interests of the company and its shareholders [2] - The board also approved the absorption of its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., which will be legally dissolved post-merger, with all its business, assets, personnel, debts, and credits inherited by Heshun Petroleum [1][2]

Core Viewpoint - Two A-share listed companies have announced securities investment plans, collectively intending to invest no more than 3.2 billion yuan, with funds sourced from their own capital [1] Group 1: Company Investment Plans - Lio Co., Ltd. plans to use no more than 3 billion yuan of its own funds for securities investments, with the authorization effective for one year and not requiring shareholder approval [3] - The investment options for Lio Co., Ltd. include new share placements, stock and depositary receipt investments, bond investments, and entrusted financial management [3] - Heshun Petroleum plans to use no more than 200 million yuan of idle self-owned funds for securities investments, allowing for the reinvestment of investment income [4] Group 2: Investment Strategy and Management - Both companies emphasize that their investments will not pressure daily operations or other investment activities, ensuring the safety of production and operational funds [4] - Lio Co., Ltd. has established an investment management system to diversify investments and control scale to mitigate related risks [3] - Heshun Petroleum aims to optimize fund allocation and enhance fund utilization efficiency while ensuring the safety of funds [4]

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. and Heshun Petroleum announced plans to invest significant amounts of their idle funds in securities, marking a shift from previous low-risk investment strategies to include stock investments [1][2][5]. Group 1: Investment Plans - Lio Co. plans to use up to 3 billion yuan (approximately 30 billion) of its own funds for securities investment, with a focus on stocks and depositary receipts, among other investment methods [2][3]. - Heshun Petroleum intends to invest up to 200 million yuan (approximately 2 billion) of its idle funds in securities, also including stocks and depositary receipts [5]. - Both companies have set a 12-month authorization period for these investment plans, starting from the board's approval date [2][5]. Group 2: Previous Investment Strategies - Previously, both companies had announced intentions to use idle funds for low-risk financial products, such as bank deposits and wealth management, without including stock investments [6][8]. - Lio Co. had previously planned to use up to 3 billion yuan for cash management, focusing on low-risk, high-liquidity financial products [6]. Group 3: Market Reactions - Investors have expressed mixed reactions, questioning why the companies are choosing to invest in stocks instead of repurchasing their own shares [2][9]. - Lio Co. last mentioned share repurchase on September 24, 2024, with a total of 278 million shares repurchased for approximately 400 million yuan [9]. - Heshun Petroleum's last share repurchase was on March 15, 2023, totaling 2.976 million shares for about 5.54 million yuan [9]. Group 4: Financial Performance - Lio Co.'s net profit figures have shown volatility, with net profits of -441 million yuan, 1.966 billion yuan, and -259 million yuan from 2022 to 2024 [11]. - Heshun Petroleum has experienced a decline in net profits, reporting figures of 104 million yuan, 52.23 million yuan, and 29.27 million yuan over the same period [12].

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]