Key News 1. Li Qiang: Planning a batch of major projects, key initiatives, and major platforms that can drive overall development. 2. Civil Aviation Administration of China releases two mandatory national standards for unmanned aerial vehicles (UAV

2025-12-23

Key News 1. Li Qiang: Planning a batch of major projects, key initiatives, and major platforms that can drive overall development. 2. Civil Aviation Administration of China releases two mandatory national standards for unmanned aerial vehicles (UAVs). 3. Ministry of Commerce responds to Nexperia issue: Urging the company to resolve internal disputes through negotiation as soon as possible. 4. my country makes new progress in quantum error correction research, bringing quantum computers one step closer to practical application. Individual Stock News 1. Sanhua Intelligent Control: Expects net profit of 3.9 billion to 4.6 billion yuan in 2025, a year-on-year increase of 25% to 50%. 2. Vanke A: The grace period for principal and interest payment dates of the fourth tranche of medium-term notes in 2022 has been extended to 30 trading days. 3. Xiangyuan Cultural Tourism: Actual controller Yu Faxiang has been placed under criminal coercive measures for suspected crimes. 4. Lingyun Optoelectronics: A wholly-owned subsidiary plans to subscribe for shares in Zhipu's initial public offering on the Hong Kong Stock Exchange as a cornerstone investor. 5. Hualian Holdings: Plans to acquire 100% of Argentum's shares for RMB 1.235 billion, entering the salt lake lithium extraction business. 6. Lingyi Intelligent Manufacturing: Plans to acquire a 35% stake in server thermal management company Liminda for RMB 875 million. 7. Jinpan Technology: Plans to issue RMB 1.672 billion in convertible bonds for projects such as data center power modules. 8. China Nuclear Construction: A subsidiary introduced ICBC Investment to increase its capital by RMB 5 billion for market-oriented debt-to-equity swaps to repay loans from financial institutions. 9. Yongding Shares: Its optical chip subsidiary plans to increase its capital and introduce external investors such as Cambridge Technology. 10. Tongyu Communication: Its holding subsidiary, Zhonghong Tongyu, plans to increase its capital and introduce investors to strengthen its capital base and meet its R&D and operational expenditure needs for satellite communication products. 11. Zhuoran Shares: Its wholly-owned subsidiary signed a RMB 4.033 billion EPC contract for a 1.2 million-ton-per-year PBAT biodegradable polyester project, accounting for 142% of the company's audited operating revenue in 2024.