Huawen Media Investment Corp

ST Huawen announced on the evening of September 17 that its controlling subsidiary, Hainan Ankechong Charging Technology Co., Ltd., plans to acquire, for 10.7193 million yuan in cash, a group of 23 new energy vehicle charging station assets held by Hainan Xiaoji Technology Co., Ltd. The assets are located in Haikou and Sanya, and include tangible assets such as charging equipment and power distribution facilities, as well as intangible asset rights including site lease usage rights and station operation rights. According to an appraisal report issued by Beijing Yachao Asset Appraisal Co., Ltd., using the income approach with a valuation base date of March 31, 2026, the total investment in the target assets was 15.3583 million yuan, and the appraised value was 10.7193 million yuan, with the transaction price consistent with the appraised value. This transaction amount accounts for 0.48% of the company's audited total assets of 2.253 billion yuan for 2025, and 18.30% of the net assets attributable to shareholders of the listed company of 58.5747 million yuan. It does not constitute a major asset restructuring or a related-party transaction, and has been approved by the company's management, without the need for review by the board of directors or shareholders' meeting. The company stated that, affected by changes in the external industry environment, its traditional media business is under growth pressure, and its cultural tourism segment faces challenges such as adjustments in consumption structure. After this acquisition, it will rapidly expand the operating scale of its new energy charging business and promote the new energy operation segment to become a source of business revenue. Just over two months ago, the company completed the execution of its restructuring plan and, on July 31, removed its delisting risk warning, with its stock abbreviation changed from *ST Huawen to ST Huawen.

ST Huawen released its 2026 interim report, with net profit attributable to the parent company of 58.28 million yuan, an increase of 135 million yuan compared with the same period last year, achieving a turnaround from loss to profit. The company's total operating revenue was 154 million yuan, up 13.39% year-on-year. Net cash inflow from operating activities was 57.18 million yuan, an increase of 121 million yuan compared with the same period last year. The company's latest asset-liability ratio was 31.59%, down 53.20 percentage points from the previous quarter; the latest gross margin was 15.06%, rising for three consecutive quarters.

On the evening of July 29, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Tianzhihang plans to acquire a 62% stake in Shanghai Minimally Invasive Orthopaedics Medical Technology Co., Ltd. through a share issuance and raise supporting funds, with trading in its shares resuming on July 30. GigaDevice Chairman Zhu Yiming proposed a share buyback of 1 to 2 billion yuan for cancellation, and also plans to increase his holdings in the company by no less than 1 billion yuan. Entive Smart Kitchen's wholly-owned subsidiary Gansu Yisuan signed a computing power resource service contract worth 1.106 billion yuan, while Yongding Co.'s controlling subsidiary Suzhou Dingxin Optoelectronics signed an order for high-power laser chips worth approximately 1.133 billion yuan. Western Mining disclosed its half-year report, with net profit for the first half reaching 4.169 billion yuan, up 123% year-on-year. In addition, companies such as Lianchuang Electronics and Jiayun Technology are set to see changes in their actual controllers, and Hua Wen will have its delisting risk warning removed starting July 31.

ST Huawen announced that its stock will be suspended from trading for one day on July 30, 2026, and will resume trading on July 31. At the same time, the delisting risk warning will be removed, and the stock short name will be changed from *ST Huawen to ST Huawen. As of the date of the announcement, the circumstances that previously led to the imposition of other risk warnings have not been fully resolved, so the stock will continue to be subject to other risk warnings.

ST Huawen announced that its restructuring plan has been fully executed. The delisting risk warning triggered by the court's acceptance of the restructuring has been resolved, and the board has agreed to apply to the Shenzhen Stock Exchange to remove the delisting risk warning. As of now, not all conditions that previously led to other risk warnings have been eliminated. If the delisting risk warning is removed, the stock will continue to be subject to other risk warnings.

On the evening of July 9, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements. Hengshang Energy Conservation, citing a significant short-term share price surge, issued a risk warning stating there is irrational speculation and the price could fall rapidly at any time, and disclosed plans to acquire a 100% stake in Jinsheng Electronics, but the target company's business has not ventured into high-value-added areas, and the company faces substantial acquisition integration risks. Three Gorges New Materials plans to jointly invest approximately 2.6 billion yuan with its indirect controlling shareholder to build a Lingang automotive and electronic glass project, with the company's investment no less than 1.04 billion yuan. Zhengbang Technology estimates that asset losses caused by Super Typhoon Maysak may exceed 10% of the company's audited 2025 net profit. Azure Lithium Core plans to invest 290 million US dollars to build a 5 gigawatt-hour cylindrical lithium battery manufacturing project in Indonesia. ST Huawen applied to revoke its delisting risk warning but will continue to implement other risk warnings. Clou Electronics plans to issue shares to its controlling shareholder Midea Group in a private placement to raise no more than 2.5 billion yuan, to repay interest-bearing debt and supplement working capital. ST Yinjiang, along with its controlling shareholder, has been placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure. Datang Power plans to raise no more than 8 billion yuan through a private placement for multiple power plant expansion and other projects. On the earnings front, GigaDevice expects its first-half net profit attributable to the parent company to be approximately 6.9 billion yuan, a year-on-year increase of about 1,099%, mainly due to rising volumes and prices of memory chip products. Foxconn Industrial Internet expects first-half net profit attributable to the parent company to be between 23.4 billion yuan and 24.4 billion yuan, a year-on-year increase of 93% to 101%, with revenue from AI servers for cloud service providers growing over 230% year-on-year. Zijin Mining expects first-half net profit attributable to the parent company to be approximately 39.1 billion yuan, a year-on-year increase of about 68%. In addition, several companies disclosed share increase or buyback plans: Qingmu Technology plans to buy back shares worth 20 million to 30 million yuan, Shenghang Co., Ltd.'s controlling shareholder plans to increase holdings by no more than 3.24% of total shares, and Bairun Co., Ltd.'s actual controller plans to increase holdings by 50 million to 100 million yuan. Aviation Technology signed a long-term supply agreement for aero-engine rotating parts worth approximately 240 million yuan, and Songjing Co., Ltd. signed a sales contract for battery cell insulation UV inkjet printing equipment worth approximately 30 million yuan.