Suwen Electric Energy Technology Co.Ltd

Suwen Electric Energy has fully funded the establishment of Nanjing Yichong Technology Company Limited. Its business scope includes general aviation services, civil aircraft maintenance, aviation operation support services, and artificial intelligence industry application system integration services. According to the Qichacha app, the company is wholly owned by Suwen Electric Energy.

Suwen Electric Energy announced that the company plans to repurchase shares for 30 million to 60 million yuan, to be used for employee stock ownership plans or equity incentives, with a repurchase price not exceeding 18 yuan per share.

On the evening of July 17, several A-share listed companies released important announcements. TCL Zhonghuan plans to invest 11.96 billion yuan in building a Shenzhen project for integrated circuit semiconductor large silicon wafers. Goke Microelectronics plans to raise no more than 5.061 billion yuan through a private placement for research and development projects including next-generation AI vision processing chips. In terms of earnings, China Shipbuilding Special Gas reported a first-half net profit of 348 million yuan, up 95.63 percent year-on-year. Zhiwei Intelligent reported a first-half net profit of 388 million yuan, up 281.92 percent year-on-year. Decole expects first-half net profit to grow between 216.8 percent and 277.31 percent year-on-year. Regarding risk warnings, Xintong Electronics, which hit the daily limit up four times in five days, and Xingwang Yuda, which hit the daily limit up for two consecutive days, both issued abnormal movement announcements, warning that the short-term stock price increase is relatively large and there is a risk of rapid decline or correction. In addition, Zhao Long, the actual controller, chairman, and general manager of Huichen Shares, was criminally detained on suspicion of illegal disclosure or non-disclosure of important information. ST Wenfeng was placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure. In terms of shareholding changes, a person acting in concert with the controlling shareholder of Hengtong Shares plans to increase their holdings by no more than 50 million yuan. Regarding buybacks, Lingyi iTech raised the total buyback amount to between 400 million yuan and 800 million yuan. Several companies including Yingkang Life and Suwen Electric disclosed buyback plans. In terms of major contracts, HNA Holding plans to purchase 40 aircraft from Airbus, with a total transaction amount not exceeding 5.36 billion US dollars. Air China plans to purchase Airbus aircraft for approximately 12.44 billion US dollars. Hongsheng Huayuan pre-won a State Grid procurement project worth about 745 million yuan.