Key News
1. The 2026 tariff adjustment plan has been released, under which my country will implement provisional import tariff rates lower than the most-favored-nation (MFN) rates on 935 commodities.
2. The State Administration for Market Regulation: In 2026, it will strengthen anti-monopoly and anti-unfair competition enforcement and thoroughly rectify "involutionary" competition.
3. The Ministry of Finance: From January to November, the total revenue of state-owned and state-controlled enterprises nationwide increased by 1.0% year-on-year.
4. The Ministry of Finance and the State Taxation Administration: Tobacco advertising expenses and business promotion expenses of tobacco companies are not deductible when calculating taxable income.
Individual Stock News
1. Ganfeng Lithium: The company is suspected of insider trading and has received a notice of prosecution from the Yichun Public Security Bureau.
2. Unisplendour Microelectronics: Planning to acquire a controlling stake in Ruineng Semiconductor; its stock is suspended from trading.
3. Shengtong Energy: The company's stock has been suspended from trading since the market opened on the 30th for investigation, and the suspension is expected to last no more than 3 trading days.
4. Shenjian Shares (8 consecutive daily limit-up): Revenue from commercial aerospace applications accounts for a relatively small proportion.
5. SMIC: SMIC South's registered capital will increase to US$10.077 billion.
6. SMIC: Plans to acquire a 49% stake in SMIC North for RMB 40.6 billion.
7. Tianjian Technology: Expects negative non-GAAP net profit and revenue below RMB 300 million in 2025, potentially facing delisting risk warnings.
8. Tianpu Shares: Has no plans to develop AI-related businesses and has not signed any framework cooperation agreements or similar agreements with its shareholder, Zhonghao Xinying.
9. Guodian Power: Its subsidiary is jointly investing in the Dadu River Danba Hydropower Station project with CATL and others, with a total dynamic investment of RMB 15.273 billion.
10. Sega Technology: Plans to invest RMB 275 million in optical module company Guangcai Xinchen and acquire a 20% stake. 11. Shangwei New Materials: Its embodied intelligent robot business is still in the product development stage and has not yet achieved mass production or large-scale sales.
12. Huihan Shares: Invested 68.25 million yuan to participate in the establishment of a private equity fund, specifically investing in a commercial aerospace company.
13. Chaojie Shares: As of the end of the third quarter, revenue from the commercial aerospace business accounted for approximately 5% of the company's total revenue.
14. Hongwei Technology: Signed a strategic cooperation agreement with a leading company in the domestic transmission field, focusing on joint research and development of gallium nitride (GaN) power semiconductor devices.
15. Tianqi Shares, which has seen three consecutive daily price limits: Plans to raise no more than 977 million yuan through a private placement for projects such as the construction of a robot embodied intelligent system R&D center for automotive industry applications.
