Financial News - As of June 30, 2025, the total market capitalization of listed companies in Dongguan reached 497.16 billion yuan, ranking 4th in Guangdong Province (excluding Shenzhen) and accounting for 8.67% of the total market capitalization of listed companies in the province [1][2] - The number of A-share listed companies in Dongguan is 63, which ranks 2nd in Guangdong Province (excluding Shenzhen) and maintains the top position among prefecture-level cities in the province, representing 13.70% of the total number of listed companies in the region [1][2] Company Dynamics - Dongguan Holdings plans to publicly transfer 20% of its stake in Dongguan Songshan Lake Microfinance Co., Ltd. with a base price of 48.12 million yuan, aiming to optimize its asset structure [3] - Jinlong Co., Ltd. intends to acquire a total of 29.3151% of shares in Shenzhen Benmao Technology Co., Ltd., which focuses on intelligent computing centers and computing power services, to enhance its revenue and profitability [4] - Green通科技's Green通产业基金 has completed a strategic investment of 15 million yuan in Shenzhen Hengqu Electric Co., Ltd., acquiring a 2.1866% stake, marking a significant move in the high-end manufacturing sector [5] - Ding Tai High-tech's wholly-owned subsidiary has established Guangdong Ding Tai Zhongke Robot Co., Ltd. with a registered capital of 5 million yuan, aiming to enhance its R&D and manufacturing capabilities in the field of embodied robots [6][7] - Qiaofeng Intelligent has invested 500,000 euros to establish a wholly-owned subsidiary in Germany, named JIRFINE Germany GmbH, focusing on the development and manufacturing of automation equipment [8] - Saiwei Microelectronics' second-largest shareholder plans to transfer up to 18% of its shares through an agreement, with the transfer period set from July 30, 2025, to January 29, 2026 [9] - Optoelectronics has announced the termination of certain fundraising projects, reallocating remaining funds to supplement working capital [10]

Core Viewpoint - Jinlong Co., Ltd. is shifting its focus towards acquiring intelligent computing service companies to accelerate its business transformation after facing years of losses and increasing debt pressure [1][3]. Group 1: Acquisition Plans - On July 23, Jinlong announced its intention to acquire a 29.31% stake in Shenzhen Benmao Technology Co., Ltd. to expedite its business transformation [1][3]. - The acquisition is expected to enhance Jinlong's revenue and profitability, creating more value for the company and its shareholders [3]. - Shenzhen Benmao, established in 1997, specializes in the full industry chain services related to intelligent computing centers, with total assets of 1.978 billion and net assets of 485 million as of the end of 2024 [3]. Group 2: Financial Performance and Debt Issues - Jinlong has been facing continuous losses, with net profits of -131 million, -392 million, -384 million, and -89 million from 2021 to 2024 [6]. - The company's debt-to-asset ratio has been increasing, reaching 81.09% in 2024 [6]. - To alleviate financial pressure, Jinlong has been selling its stakes in brokerage firms, having completed the sale of 20% of Dongguan Securities for 2.272 billion [7]. Group 3: Previous Projects and Developments - Jinlong previously planned to invest in building an intelligent computing center with a total investment of no more than 1 billion, but there have been no recent updates on this project [4][5]. - The company had to terminate the sale of its stake in Zhongshan Securities to avoid potential operational issues [6].