Sichuan Tianwei Electronic Co Ltd

Tianwei Electronics announced that it plans to use its own funds to acquire a 60% controlling stake in Chengdu Xiuwei Technology Development Co., Ltd. through a combination of capital increase and purchase of existing equity, with a total investment of 90 million yuan. Of this, 75 million yuan will be invested as capital increase, and the consideration for the existing equity purchase is 15 million yuan. After the transaction, Xiuwei Technology will become a controlled subsidiary of the company and be included in the consolidated financial statements. The target company is mainly engaged in high-end military information equipment such as general signal processing and satellite baseband. Regarding performance commitments, revenue in 2026 shall be no less than 35 million yuan, and net profit after deducting non-recurring items from 2027 to 2029 shall be no less than 10 million yuan, 15 million yuan, and 17 million yuan, respectively.

On the evening of July 30, multiple listed companies on the Shanghai and Shenzhen exchanges released announcements. Chifeng Gold disclosed an updated resource estimate for the SND project at the Sepon gold-copper mine in Laos, with gold equivalent metal content increasing from 107 tonnes to 260 tonnes, a rise of approximately 143 percent. Ronbay Technology plans to invest about 4.723 billion yuan to build an integrated project in Xiantao with an annual capacity of 300,000 tonnes of sodium-ion battery cathode materials, to be advanced in three phases. Tianwei Electronics intends to acquire a 60 percent controlling stake in Xiuwei Technology for 90 million yuan, extending into the high-end equipment sector of military information technology. Hairong Technology plans to acquire a 55 percent stake in Tanghe Food for 130 million yuan and has signed a long-term strategic cooperation agreement with Hema, stipulating an annual procurement amount of no less than 210 million yuan. In terms of performance, Nuode New Materials turned losses into profits in the first half of the year, with a net profit of 103 million yuan. Yasen Integrated achieved a 204.8 percent year-on-year increase in net profit and plans to distribute 16.5 yuan per 10 shares. Eastroc Beverage reported a 20.72 percent rise in net profit and plans to distribute 30 yuan per 10 shares. Additionally, several companies disclosed buyback and shareholding increase plans. The controlling shareholder of East Sunshine plans to increase shareholdings by 300 million to 600 million yuan and proposes a buyback of the same amount. Wangsu Science and Technology plans a buyback of 300 million to 600 million yuan for cancellation.

Tianwei Electronics announced that the company recently passed a project acceptance and received a government subsidy of 3.78 million yuan. The subsidy amount accounts for 12.45% of the company's audited net profit for the most recent fiscal year and is classified as a government grant related to income. In the secondary market, Tianwei Electronics' stock price opened sharply higher, rising as much as 14% intraday. As of the morning close on July 10, it reported 30.29 yuan per share, up 9.83%. Analysts noted that the subsidy was disbursed upon project acceptance, indicating that the company's related R&D and industrialization projects align with local industry support directions. There is an expectation of continued subsidies for similar projects going forward. The subsidy funds help boost current-year profits and improve operating cash flow, but a single subsidy only provides a short-term, modest emotional catalyst. The medium- to long-term trend will still be determined by military orders, product gross margins, and downstream demand.