Beijing Andawell Science & Technology Co Ltd Class A

Andawell's wholly owned subsidiary, Beijing Andawell Civil Aviation Technology Company, has signed a cooperation memorandum with Airbus, officially launching the qualification certification process to become an approved supplier of Airbus galley insert products. Once the process is completed, the two parties will sign the relevant BFE contract, adding the civil aviation technology company's galley insert products to the Airbus BFE catalogue. After completing the subsequent work, the civil aviation technology company will be capable of providing equipment to global customers based on the Airbus A320 family and A330 family aircraft.

On the evening of July 14, multiple listed companies on the Shanghai and Shenzhen exchanges issued significant positive announcements. CICC’s application to absorb and merge Dongxing Securities and Cinda Securities has been accepted by the China Securities Regulatory Commission, though the transaction still requires review by the Shanghai Stock Exchange and approval from other regulatory bodies. Several companies disclosed first-half earnings forecasts, with Tianqi Lithium expecting a net profit attributable to shareholders of 2.85 billion to 4.25 billion yuan, a year-on-year increase of 3,276.35% to 4,934.91%; Litong Electronics forecasting a net profit of 650 million to 750 million yuan, up 1,172.53% to 1,368.31%; Yangtze Optical Fibre and Cable projecting a net profit of approximately 2.4 billion to 3 billion yuan, up 711% to 914%; and China Life Insurance anticipating a net profit of about 128.933 billion to 137.119 billion yuan, up 215% to 235%. In addition, Sieyuan Information plans to purchase high-performance computing servers for no more than 5.079 billion yuan, Runjian Co. intends to buy back shares worth 150 million to 300 million yuan, Sunway Communication plans to acquire a 55% stake in Yiyang Electronic Technology for up to 1.1 billion yuan to strengthen its high-end MLCC layout, and Andawell’s wholly-owned subsidiary has signed a memorandum of cooperation with Airbus to initiate the qualification certification process for galley insert products.

Tongwei Co. issued a performance forecast, estimating a first-half loss of 4.8 billion to 5.4 billion yuan. China Southern Airlines, LONGi Green Energy, Huafa Industrial, Air China, China Eastern Airlines, New Hope, Giant Star Animal Husbandry, Shuangliang Energy Conservation, Hongyuan Green Energy, Wingtech Technology, and Aisino Corporation also forecast losses ranging from hundreds of millions to several billion yuan. Sieyuan Information plans to purchase high-performance computing servers for up to 5.079 billion yuan, while Sunway Communication intends to acquire a 55 percent stake in Yiyang Electronic Technology and inject capital to strengthen its high-end MLCC product portfolio. In addition, Hongde Co. signed a procurement framework agreement with a key client, a wholly owned subsidiary of Andawell signed a cooperation memorandum with Airbus, and Cao Long, chairman of Gaoke Technology, along with others, has been placed under criminal investigation.