Emergency suspension on Monday and collapsed on Thursday, a-zenith home furnishings' trade on ownership change has not reached an agreement. Before the information disclosure, the stock price had risen for several consecutive days | Summary of the announc
1. A-zenith Home Furnishings, which announced an emergency trading halt before the opening on Monday, tonight announced the termination of the planned change of controlling rights and will resume trading from tomorrow's market opening. 2. A-zenith Home Furnishings stated that the controlling shareholder has negotiated the core terms of this trade with the acquirer. Prior to the trading halt, A-zenith Home Furnishings' stock price had risen continuously for several days. 3. A-zenith Home Furnishings' performance continues to be under pressure. If the financial indicators for the year 2024 still cannot be effectively improved, there is a possibility of being warned of the risk of (delisted).
The profit of photovoltaic equipment leader slowed down, and the net profit of Zhejiang Jingsheng Mechanical & Electrical in Q2 decreased by 22% year-on-year. Interpretations of financial report.
① The company's Q2 net profit saw a rare decline compared with the same period last year; ② The company's revenue increased in the first half of the year but did not show any profit growth; ③ The performance was affected by the decline of the photovoltaic industry; ④ The company is exploring multiple new businesses to find a second engine.
There is a possibility that the C919 will receive EU certification in 2025. The industry chain of big planes has broad future prospects.
According to reports, in July, the European Aviation Safety Agency (EASA) conducted an on-site inspection of China's domestic large aircraft C919 in Shanghai and gave a "positive feedback." China's relevant civil aviation institutions are more optimistic about C919 aircraft obtaining EU certification in 2025. Soochow Securities believes that with the normalization of commercial operations and the continuous increase in production capacity, C919 is expected to further expand its influence, and market penetration rate is expected to gradually increase.
Is spin-off listing becoming less popular? Four A-share companies terminated their spin-off plans in one night.
Four companies, including Zhejiang Jingsheng Mechanical & Electrical and Baoshan Iron & Steel, terminated the listing of their spun-off subsidiaries tonight. The reasons for termination include market environment, self-development, and capital market operation planning. The performance of the subsidiaries planned for spin-off and listing in the past three years has been mixed.
Strong inflow of foreign capital is another trend vane: Middle Eastern tycoons increase their presence in China, and multinational sovereign wealth funds continue to lay out A-shares
① The Abu Dhabi Investment Authority and the Kuwait Investment Authority held a large number of A-share listed companies in the first quarter; ② the Middle East Sovereign Fund also stepped up research on A-shares ③ Other overseas sovereign wealth funds are increasing their layout in the Chinese market.
The gross margins of the two major businesses diverge, Zhongbing Red Arrow's “Two Heavens of Ice and Fire” | Financial Report Interpretation
① The company's revenue in 2023 decreased by 8.90% year on year (after adjustment); net profit to mother increased by 1.08% year on year (after adjustment). ② The gross margin of the company's two main businesses was clearly divided. The gross margin of the superhard materials business decreased by 15.3% year on year; the gross margin of the special equipment business increased by 17.4% year on year. ③ In 2024, the company expects to achieve operating revenue of 7 billion yuan.