Shandong Hi-Speed Road&Bridge

On the evening of September 23, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements covering major project investments, private placements, overseas contract wins, and shareholder stake increases. Southeast Space Frame announced that its subsidiary Shanghai Southeast Haoxue Culture and Sports Development Company will serve as the main entity to invest in and build the Shanghai Songjiang ice and snow sports complex, with a total investment of approximately 3 billion yuan. Once completed, it is expected to become the preferred international-level event hosting base in Shanghai and the broader Yangtze River Delta, filling the gap in Shanghai's ice and snow event venues. Sanxing Electric's wholly owned subsidiary Ningbo Aux Intelligent Technology Company won the bid for a U.S. data center energy storage oil transformer project, with a total contract value of 132 million U.S. dollars, equivalent to approximately 885 million yuan, accounting for 6.16 percent of the company's audited operating revenue for 2025. Sunwave Communications plans to raise no more than 992 million yuan through a private placement for a satellite-terrestrial integrated communication system project, next-generation communication technology research and development, working capital replenishment, and repayment of interest-bearing debt. Xinhua Chemical plans to issue convertible bonds to raise no more than 900 million yuan for projects including the expansion of 50,000 tonnes of isopropanol, 3,500 tonnes of isopropyl ether, and a 200-tonne propane technical upgrade. In addition, Shandong Road and Bridge's controlling shareholder Shandong Hi-Speed Group and its concert parties plan to increase their shareholding in the company within six months, with a total increase of no less than 450 million yuan and no more than 900 million yuan. Hangyang Company plans to invest 50 million yuan to participate in the investment of Xinghuan Juneng, acquiring a 0.66 percent equity stake and substantively participating in the field of controllable nuclear fusion.

Sidike announced on the evening of September 23 that it plans to invest 1.652 billion yuan to build an expansion project with annual capacity of 103,000 tonnes of high-end functional BOPET base film, with products mainly suited to microelectronics MLCC manufacturing and other fields. On the same day, Sunwave Communications plans to raise no more than 992 million yuan through a private placement for projects including an integrated satellite-terrestrial communication system; Hangyang plans to invest 50 million yuan in Xinghuan Juneng; and Sanxing Electric's subsidiary won a 132 million US dollar contract for a US data centre energy storage oil-immersed transformer project. Shandong Hi-Speed Road and Bridge Group's controlling shareholder and persons acting in concert plan to increase their shareholding by 450 million to 900 million yuan, Anges' actual controller proposed a share buyback of 35 million to 70 million yuan, and ST Yilianzhong will have its other risk warning removed from September 28 and will suspend trading for one day on September 24. On that day, institutional research reports issued a total of 21 buy-type rating records covering 21 stocks, of which 5 stocks have upside potential exceeding 20 percent, with TCL Technology having the highest upside potential at 62.27 percent.