Core Viewpoint - China Tongfu (01763.HK) has successfully obtained a radiation safety license for its subsidiary Sichuan Nuclear Tongyuan Technology Co., Ltd., enabling it to produce and sell radiation sources, marking a significant step in its operational capabilities [1] Group 1: Project Overview - The project is the largest radiation source research and production base in Asia, featuring 13 production lines for various radiation sources including Carbon-14 and Krypton-85 [1] - Upon completion, the annual production capacity will exceed 100,000 radiation sources [1] Group 2: Product and Service Offerings - China Tongfu aims to consolidate domestic resources for the research and production of radiation sources, offering over 70 types of high-quality radionuclide products to both domestic and international markets [1] - The company will provide services for the reuse of radiation source resources and irradiation services, contributing positively to applications in industries such as agriculture, medicine, national defense, and aerospace [1] Group 3: Future Expansion Plans - The company plans to promote the second phase of the project with high standards to further expand production capacity and diversify its product offerings [1] - Future production lines will include isotopes such as Californium-252, Cesium-137, and Promethium-241 to meet diverse market demands [1]

Core Viewpoint - China Tongyuan (01763) announced that its subsidiary, Sichuan Nuclear Tongyuan Technology Co., Ltd., has successfully obtained a radiation safety license for its radiation source R&D and production base, marking its official qualification for production and sales of radiation sources [1] Group 1: Project Overview - The project is the largest radiation source R&D and production base in Asia, featuring 13 production lines for various radiation sources, including Carbon-14 and Krypton-85 [1] - Upon completion, the annual production capacity will exceed 100,000 radiation sources [1] Group 2: Product and Service Offerings - China Tongyuan will consolidate domestic resources for R&D and production of radiation sources, offering over 70 types of high-quality radiation source products to both domestic and international markets [1] - The company will provide radiation source resource recycling services and irradiation services, contributing positively to applications in industries such as agriculture, medicine, national defense, and aerospace [1] Group 3: Future Plans - The company plans to promote the second phase of the project with high standards to further expand production capacity and diversify its product offerings [1] - Future production lines will include sources such as Californium-252, Cesium-137, and Americium-241 to meet diverse market demands [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 自願性公告 CHINA ISOTOPE & RADIATION CORPORATION 中國同輻股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1763） 中國同輻放射源研發生產基地成功獲批輻射安全許可證 本公告乃中國同輻股份有限公司（「中國同輻」或「本公司」）自願發出以使股東及潛 在投資者知悉本公司之最新業務進展。 本公司董事會欣然宣佈，近日，中國同輻旗下附屬公司四川中核同源科技有限公 司的放射源研發生產基地「該項目」成功獲批輻射安全許可證，正式具備放射源生 產、銷售等相關資質，產品將逐步面向市場。 該項目是亞洲最大的放射源研發生產基地，建設包括碳-14源、氪-85源等13條放 射源生產線，該項目建成後年產放射源將超過10萬枚。中國同輻將聚集國內主要 放射源的研發、生產資源，向國內外提供超過70種核素的高質量放射源產品，可 提供放射源資源再利用服務、輻照服務等，為我國工業、農業、 ...

Core Viewpoint - The proposed transfer of shares from China Baoyuan Investment Co., Ltd. to China National Nuclear Corporation (CNNC) will enhance CNNC's direct control over China Tongfu (01763) and strengthen its position in the nuclear technology application industry [1][2]. Group 1: Share Transfer Details - China Baoyuan intends to transfer all of its 108 million domestic shares, representing approximately 33.79% of the total issued share capital, to CNNC [1]. - After the proposed transfer, CNNC will directly hold 108 million domestic shares (approximately 33.79% of the total issued share capital) and indirectly hold an additional 128 million domestic shares through various subsidiaries, totaling 236 million domestic shares, which is about 73.83% of the total issued share capital [1]. Group 2: Implications for the Company - Following the proposed transfer, China Baoyuan will no longer be a shareholder, while CNNC will remain the ultimate controlling shareholder of the company [2]. - CNNC's brand influence and industry background are expected to significantly enhance the company's position in technological innovation and market expansion, contributing to high-quality development [2]. - The company is anticipated to play a more critical role and assume greater responsibilities with the support of CNNC, thereby increasing its impact and core competitiveness in the industry [2].

Group 1 - The proposed transfer involves the transfer of 108 million domestic shares (approximately 33.79% of the total issued share capital) from China Baoyuan Investment Co., Ltd. to China National Nuclear Corporation (CNNC) [1][2] - After the proposed transfer, CNNC will directly hold 108 million domestic shares (approximately 33.79% of the total issued share capital) and indirectly hold an additional 128 million domestic shares (approximately 40.04% of the total issued share capital) through various subsidiaries, totaling 236 million domestic shares (approximately 73.83% of the total issued share capital) [1][2] Group 2 - Following the proposed transfer, China Baoyuan will no longer be a shareholder of the company, while CNNC will remain the ultimate controlling shareholder [2] - CNNC is positioned as a national leader in nuclear technology application, which is expected to enhance the company's status, influence, and core competitiveness in technology innovation and market expansion [2]

Core Viewpoint - China Tongfu (01763.HK) announced a proposed transfer of 108,085,353 domestic shares (approximately 33.79% of the total issued share capital) from its controlling shareholder, China Baoyuan Investment Co., Ltd., to its ultimate controlling shareholder, China National Nuclear Corporation (CNNC) [1] Group 1 - After the proposed transfer, CNNC will directly hold 108,085,353 domestic shares (approximately 33.79% of the total issued share capital) and will indirectly hold an additional 128,064,880 domestic shares through its subsidiaries, totaling 236,150,233 domestic shares, which represents approximately 73.83% of the total issued share capital post-transfer [1] - CNNC is recognized as a national leader in nuclear technology applications, and its brand influence and industry background are expected to significantly enhance the company's position, influence, and core competitiveness in technology innovation and market expansion [1] - The support from CNNC will enable the company to play a more critical role, undertake more significant responsibilities, and have a more pronounced impact in the industry [1]

Core Viewpoint - The company is actively responding to market competition by accelerating the transformation and upgrading of new material products, leveraging its background in non-power nuclear technology applications [1] Group 1: Strategic Measures - The company is enhancing overall profitability through multiple strategies, including strengthening operational management, increasing market development efforts, and adjusting product structure [1] - The company is focusing on advancing new product research and development to improve its market position [1] - There is an emphasis on increasing the proportion of high-margin products in the company's offerings [1]

Core Viewpoint - China Nuclear High-Tech (01763.HK) announced plans for capital increase through Beijing Property Exchange to address funding needs and optimize capital structure [1] Group 1: Company Financials - As of December 31, 2024, China Nuclear High-Tech's subsidiary, Chengdu Zhongke Gaotong Isotope Co., has a debt-to-asset ratio of 68.41% [1] - The capital increase aims to alleviate financial pressure and support core business expansion and operational capacity enhancement [1] Group 2: Strategic Implications - The board believes that the capital increase will ensure sustainable development for China Nuclear High-Tech and align with overall financial management requirements [1] - This move is expected to enhance the overall asset quality and risk resistance capability of the group [1]

截至2024年12月31日，中核高通资产负债率为68.41%，为解决发展资金需求及优化其资本结构，中核 高通拟透过潜在增资事项缓解其资金压力，支持其核心业务拓展及运营能力提升。董事会认为，此次增 资既能保障中核高通的可持续发展，亦符合集团整体财务管控要求，有利于增强集团整体资产品质和抗 风险能力。 智通财经APP讯，中国同辐(01763)公布，公司非全资附属公司成都中核高通同位素股份有限公司(中核 高通)拟透过于北京产权交易所公开褂牌程序进行增资。 ...

Core Industry Overview - Hengyang City is focusing on building a modern industrial system characterized by "one core, two electricity, three colors, and four new" industries, aiming for coordinated development of advanced manufacturing, traditional industry upgrades, and emerging industry cultivation [1][13] - The "one core" focuses on nuclear technology application, establishing a national-level demonstration base for nuclear technology applications [1][13] - The "two electricity" includes electrical equipment and electronic information as pillar industries, aiming to cultivate a trillion-level industrial cluster [1][13] - The "three colors" refer to traditional advantageous industries: non-ferrous metals, salt chemical industry, and steel pipes and deep processing [1][13] - The "four new" focuses on emerging growth points such as new energy vehicles, modern logistics, cultural tourism and health, and ecological agriculture [1][13] Economic Performance - In 2024, Hengyang's GDP is projected to reach 449.169 billion, with a year-on-year growth of 5.4%, indicating a steady economic expansion [4] - The secondary industry shows the strongest growth, with an added value of 142.336 billion and a growth rate of 6.9% [4] - The tertiary industry maintains steady growth, achieving an added value of 258.077 billion, growing by 5.1% [4] - The first industry added value is 48.756 billion, with a growth of 2.7%, demonstrating a collaborative development among the three major industries [4] New Quality Productive Forces - New Quality Productive Forces, introduced by President Xi Jinping, emphasize innovation as the main driving force, characterized by high technology, efficiency, and quality [2][3] - This concept is crucial for promoting high-quality economic development and constructing a modern industrial system [3] Policy Framework - Hengyang has implemented various policies to support the cultivation of new quality productive forces, including plans for health industry development and optimizing the business environment [10][11] - The "Stabilize Five and Advance Three" strategy aims to consolidate five advantageous industries while breaking through three emerging industries to inject new momentum into high-quality development [10][13] Industrial Space Layout - Hengyang adopts a "no zoning layout, integrated promotion" planning concept, creating a spatial structure of "one river, four screens, one circle, and one belt" [15][18] - The layout focuses on ecological protection and urban development, enhancing the integration of modern service and advanced manufacturing industries [15][18] Emerging Industries - Emerging industries such as electronic information, new energy vehicles, and nuclear technology applications are rapidly rising, contributing to the economic growth of Hengyang [20] - Companies like Hunan Kai Ming Electronic Technology and Hunan Tian Yan Machinery are becoming new forces in their respective industries through technological innovation [20] Development Trends - Hengyang is advancing traditional industries towards high-end and intelligent transformation while vigorously cultivating emerging industries, forming a dual-driven model [23][24] - The city is enhancing its innovation capabilities through increased R&D investment and the establishment of innovation platforms [25] - Hengyang is deepening open cooperation and policy support to ensure the development of new quality productive forces, aiming for broader growth prospects [26]