Important Matters - WISCO Development plans to acquire equity in WISCO Mining and Luzhong Mining, resulting in stock suspension [1] - Unisplendour intends to purchase equity or full ownership of Ruineng Semiconductor, leading to stock suspension [1] - Heng Rui Medicine's subsidiary received approval for clinical trials of HRS-6257 tablets, with no similar drugs approved in the domestic market [1] - Longpan Technology's subsidiary is reducing production on some lithium iron phosphate production lines for maintenance, a move echoed by several leading manufacturers in the industry [1] Investment Operations - Guoxin Technology has laid out plans for smart driving MCU chips and is developing a high-performance AI chip with 10,000 DMIPS [1] - Juneyao Airlines plans to purchase 25 Airbus A320 series aircraft for $4.1 billion [1] - Spring Airlines intends to buy 30 Airbus A320neo series aircraft, with a transaction amount not exceeding $4.128 billion [1] - Tsinghua Tongfang is making breakthroughs in the open-source HarmonyOS field for product and commercialization [1] - Guangzhou Port is investing 2.353 billion yuan in the intelligent transformation project of the Nansha Port International General Terminal [1] - International Composite Materials plans to invest 1.693 billion yuan to build a project with an annual production capacity of 36 million meters of high-frequency high-speed electronic fiber cloth [1] - State Power Investment Corporation's subsidiary is co-investing with CATL in the Dadu River Danba Hydropower Station project, with a total investment of 15.273 billion yuan [1] - Haisheng Pharmaceutical's invested company has completed the first subject enrollment in the Phase II clinical trial of the innovative drug NWRD06 injection, targeting a specific liver cancer marker [1] Contracts and Collaborations - Chinalco International signed overseas project contracts worth approximately 14 billion yuan [2] - Tianqi Lithium has completed a strategic cooperation with SQM and Codelco [2] - Roman Co., Ltd.'s subsidiary signed a 156 million yuan computing power service project contract [2] - China Duty Free Group's wholly-owned subsidiary signed a duty-free project contract at Beijing Capital International Airport [2] - Reascend Technology's high-silica fiber has begun commercial cooperation with a well-known international aerospace company for long-term product supply [2] - Macro Micro Technology signed a strategic cooperation agreement with a leading domestic transmission company, focusing on GaN power semiconductor devices [2] Capital Operations - Tianqi Co., Ltd. plans to raise no more than 977 million yuan through a private placement for the development of a robot embodiment intelligence system for the automotive industry [2] - SMIC's registered capital in SMIC Southern will increase to $10.077 billion; it plans to acquire 49% equity in SMIC Northern for 40.6 billion yuan [2] - Changan Automobile intends to raise no more than 6 billion yuan through a private placement [2] Share Buybacks - Kweichow Moutai's controlling shareholder, Moutai Group, has cumulatively increased its stake in the company by 3 billion yuan, completing the buyback plan [3] - AVIC Heavy Machinery has been supplying key forgings to several commercial rocket companies [3] - Huihan Co., Ltd. invested 68.25 million yuan to establish a private equity fund, specifically investing in a commercial aerospace company [3] - Sega Technology plans to increase its investment in optical module company Guangcai Xincheng by 275 million yuan to acquire a 20% stake [3]

Core Viewpoint - The stock of Zai Sheng Technology (603601) experienced a decline of 5.10% with a trading volume of 4.078 billion yuan and a turnover rate of 32.11% on the day, indicating significant market activity and selling pressure [1][2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange's watchlist due to a daily turnover rate of 30.54%, with a total net sell of 144 million yuan from brokerage seats [2]. - The top five brokerage firms accounted for a total transaction volume of 625 million yuan, with buying amounting to 241 million yuan and selling amounting to 385 million yuan, resulting in a net sell of 144 million yuan [2]. - The largest buying and selling brokerage was Guotai Junan Securities, with a buying amount of 69.495 million yuan and a selling amount of 108.0294 million yuan [2]. Stock Performance - Over the past six months, the stock has appeared on the watchlist 19 times, with an average price increase of 3.57% the day after being listed and an average increase of 14.88% over the following five days [3]. Capital Flow - The stock saw a net outflow of 521 million yuan in principal funds on the day, with a significant outflow of 350 million yuan from large orders and 172 million yuan from major orders [4]. - In the past five days, the total net outflow of principal funds reached 776 million yuan [4]. - As of December 26, the margin trading balance for the stock was 717 million yuan, with a financing balance of 716 million yuan and a securities lending balance of 935,100 yuan. The financing balance increased by 94.935 million yuan over the past five days, representing a growth of 15.29%, while the securities lending balance increased by 262,900 yuan, a growth of 39.11% [4]. Financial Performance - According to the third-quarter report released on October 29, the company achieved a total operating revenue of 985 million yuan, a year-on-year decrease of 10.11%, and a net profit of 81.2543 million yuan, a year-on-year decrease of 10.59% [4].

Group 1 - The company, Zai Sheng Technology, reported that as of December 10, 2025, the number of shareholders is 59,497 [2]

Core Viewpoint - The company, Zai Sheng Technology (603601), has recently experienced multiple instances of abnormal stock trading fluctuations, prompting it to issue several announcements regarding these trading anomalies and associated risks [1] Group 1 - The company has responded to investor inquiries on its interactive platform regarding the recent abnormal trading activities [1] - The company has issued multiple "Abnormal Stock Trading Announcement" and "Stock Trading Risk Reminder" in accordance with relevant regulations [1] - Investors are advised to refer to the company's designated information disclosure website and newspapers for accurate information [1]

Core Viewpoint - The company has developed high-efficiency air filtration materials for nuclear power plants, which are now widely used in the industry [1] Group 1: Product Development - The company has independently developed a high-performance silicon-free and aluminum-free polymer composite filter material for the auxiliary water filtration system of the Hualong One and EPR nuclear islands, meeting technical specifications and standards [1] - The performance of the new filter material has reached the advanced level of similar foreign products, indicating a competitive edge in the market [1] Group 2: Economic and Social Benefits - The new filtration products offer good economic and social benefits, positioning the company favorably for replacing traditional fiberglass filter elements and foreign products in China's nuclear power plants [1]

Core Viewpoint - The company has achieved significant milestones in the aerospace sector, including obtaining AS 9100D certification and a qualification certificate from China Commercial Aircraft Corporation (COMAC) for its products [2] Group 1: Certifications and Qualifications - The company has received the AS 9100D certification, which is a quality management system standard specifically for the aerospace industry [2] - The company has also obtained the qualification certificate from China Commercial Aircraft Corporation, indicating its compliance with industry standards [2] Group 2: Product Development and Partnerships - The company's "aircraft cotton" (aerospace soundproofing and thermal insulation cotton) products began mass production and delivery in 2021, supporting the C919 and C909 aircraft models from COMAC [2] - The high-silica fiber developed by the company has entered into commercial cooperation with internationally renowned aerospace companies, ensuring a long-term supply of a series of products [2]

Core Viewpoint - The company, Zai Sheng Technology (603601), has acknowledged a significant short-term increase in its stock price, which has outperformed the Shanghai Composite Index during the same period [1] Group 1 - The company has issued multiple announcements regarding abnormal stock trading fluctuations and risk warnings in accordance with relevant regulations [1] - Investors are advised to refer to official disclosures for core operational information and business updates [1]

Market Overview - The glass fiber sector experienced a decline of 1.83% on December 29, with Jiuding New Materials leading the drop [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Stock Performance - Notable stock performances in the glass fiber sector include: - Honghe Technology: Closed at 38.02, up 1.12%, with a trading volume of 238,900 shares and a transaction value of 898 million [1] - Shandong Glass Fiber: Closed at 7.48, up 0.67%, with a trading volume of 65,300 shares and a transaction value of 48.48 million [1] - Jiuding New Materials: Closed at 11.21, down 9.96%, with a trading volume of 1,544,900 shares and a transaction value of 1.787 billion [2] Capital Flow - The glass fiber sector saw a net outflow of 1.142 billion from institutional investors, while retail investors had a net inflow of 850 million [2] - The capital flow for specific stocks indicates: - Jiuding New Materials had a significant net outflow of 4.216 million from institutional investors [3] - Shandong Glass Fiber experienced a net inflow of 535.81 thousand from institutional investors [3] Summary of Individual Stocks - Key stocks in the glass fiber sector and their respective capital flows include: - Jiuding New Materials: -4.216 million from institutions, -9.96% change [2][3] - Shandong Glass Fiber: +535.81 thousand from institutions, +0.67% change [2][3] - China Jushi: -3.01% change with a transaction value of 898 million [2]

Group 1 - The company is focused on the commercial aerospace sector and is developing products using microfiber glass wool as core materials, including "clean air materials," "energy-efficient materials," and "dust-free air conditioning products" [2] - The aerospace products, particularly "aircraft soundproofing and thermal insulation cotton," currently contribute a very low percentage to the company's overall revenue [2] - The company is applying its products in three main areas: industrial space, mobile space, and living space, with the aerospace sector being part of the mobile space [2]

Core Viewpoint - The company has achieved AS 9100D certification for aerospace quality management and obtained testing qualification from COMAC, indicating a significant advancement in its capabilities within the aerospace sector [1] Group 1: Certifications and Qualifications - The company has received AS 9100D certification, which is crucial for quality management in the aerospace industry [1] - The company has also obtained a testing qualification certificate from China Commercial Aircraft Corporation (COMAC) [1] Group 2: Product Development and Delivery - The company's "aircraft cotton" (aerospace soundproofing and thermal insulation cotton) products were first mass-produced and officially delivered in 2021 [1] - These products are designed to support the COMAC C919 and C909 aircraft models [1] Group 3: Commercial Collaborations - The company has engaged in commercial cooperation with internationally renowned aerospace companies for the long-term supply of high-silica fiber products [1]