Foxconn Industrial Internet completes 1 billion yuan share buyback at 59.91-66.40 yuan per share

Key Developments

1. Foxconn Industrial Internet Completes RMB 1 Billion Share Buyback

Foxconn Industrial Internet (601138.SH) announced the completion of its share buyback plan, having repurchased a total of 15.8334 million shares, representing 0.08% of total share capital. The actual buyback amount was RMB 1 billion, with the repurchase price ranging from RMB 59.91 to RMB 66.40 per share. The repurchased shares will be used to safeguard the company's value and shareholder interests, and are planned to be sold 12 months after the disclosure of the buyback results.

2. Tianfu Communication Plans Cash Management of Up to RMB 80 Billion

Tianfu Communication announced that its board of directors has approved a proposal allowing the company and its subsidiaries to use up to RMB 80 billion in idle自有 funds for cash management, specifically to purchase low-risk, highly liquid wealth management products. The initiative is valid for 12 months from the date of shareholder approval, with funds available for rolling use. The proposal still requires approval at an extraordinary shareholder meeting.

3. China Railway Assembly Receives CSRC Investigation Notice

China Railway Assembly announced that it has received a "Case Filing Notice" from the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations. Upon self-inspection, the case may involve business conducted prior to a change in the company's actual controller, which has since been discontinued. The company's production and operations remain normal, and it will cooperate fully with the investigation while fulfilling its disclosure obligations.

4. Kangzhi Pharmaceutical Receives CSRC Investigation Notice

Kangzhi Pharmaceutical announced that it has received a "Case Filing Notice" from the CSRC for suspected violations of information disclosure regulations. As of the disclosure date, the company's production and operations are proceeding normally, and the matter is not expected to have a significant impact on normal operations. During the investigation, the company will cooperate with the CSRC and fulfill its disclosure obligations.

5. Xinhua Media to Acquire Interface Caijing via Share Issuance; Stock to Resume Trading Monday

Xinhua Media announced plans to acquire 100% equity of Shanghai Interface Caijing Technology Co., Ltd. through a share issuance, with the issuance price set at RMB 3.93 per share. The transaction is expected to constitute a major asset重组 and related-party transaction. The company's stock will resume trading on September 21, 2026. Upon completion, the listed company will expand its business from traditional book distribution and newspaper publishing to include financial new media operations, commercial information services, financial news services, and internet advertising services, thereby enriching its business structure. The target company will gain capital support through the listed platform to increase investment in frontier areas such as AI large models and financial information product development. The controlling shareholder before and after the transaction remains Shanghai United Media Group, and the actual controller remains the Shanghai State-owned Assets Supervision and Administration Commission, meaning the transaction will not result in a change of control.

6. Huaxi Nonferrous Metals' Actual Controller to Change to China Minmetals; Stock to Resume Monday

Huaxi Nonferrous Metals announced that its indirect controlling shareholder, Guangxi Key Metals Group, along with its shareholders Beibu Gulf Port Group and Key Metals Equity Fund, have signed a "Cooperation Framework Agreement" with China Minmetals. China Minmetals plans to increase capital in Guangxi Key Metals Group through cash or a combination of cash and non-cash assets, acquiring a 51% stake and thereby gaining actual control. After the transaction, the company's direct controlling shareholder will remain Guangxi Huaxi Group Co., Ltd., while the indirect controlling shareholder will be adjusted from Beibu Gulf Port Group and Guangxi Key Metals Group to solely Guangxi Key Metals Group. The actual controller will change from the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region to China Minmetals. China Minmetals' indirect stake in Huaxi Nonferrous Metals through Guangxi Key Metals Group will exceed 30% of the company's issued shares, triggering a mandatory general offer obligation. The company's stock will resume trading on September 21, 2026 (Monday).

7. *ST Jiuding Under CSRC Investigation for Inaccurate Accounting

*ST Jiuding announced that it received a "Case Filing Notice" from the CSRC on September 18, 2026, due to inaccurate accounting of inventory and investment properties for the 2023–2024 period, suspected of violating information disclosure regulations. The company's operations are currently normal, and it will cooperate with the investigation during the period.

8. Aolei Electronic Plans Change of Control; Stock Suspended

Aolei Electronic announced that its controlling shareholder, Ruiying Assets, is planning to transfer a portion of its shares through a协议转让 agreement, which may result in a change of the company's controlling shareholder and actual controller. The company's stock has been suspended from trading from September 21, 2026, with an expected suspension period of no more than two trading days. The transaction's final implementation remains uncertain.

9. Galcore Plans Private Placement of Up to RMB 4.2 Billion

Galcore announced plans to issue A-shares to specific investors, raising no more than RMB 4.2 billion (after deducting issuance costs) for a 12-inch CIS integrated circuit specialty process expansion project, a high-performance high-pixel image sensor R&D and industrialization project, and supplementary working capital.

10. Aihua Group Plans Private Placement of Up to RMB 1.88 Billion

Aihua Group announced plans to issue A-shares to specific investors, raising no more than RMB 1.88 billion (after deducting issuance costs) for an integrated high-end capacitor capacity expansion project and supplementary working capital. The capacity expansion project has a total investment of RMB 1.507 billion, with RMB 1.5 billion to be raised, while the working capital component targets RMB 380 million.

Operating Results

• Fufeng Group: Expects net profit of RMB 350–430 million for the first three quarters, turning from a loss to a profit year-on-year.
• YTO Express: August express delivery revenue was RMB 5.819 billion, up 7.95% year-on-year.

Share Buybacks & Stake Changes

• Baiyin Nonferrous: Shareholder CITIC Group plans to reduce its stake by no more than 1%.
• Seewo: Specific shareholders Shixin and Shixun plan to reduce their combined stake by no more than 0.85%.
• Step Electric: Director Wang Chunxiang plans to reduce his stake by no more than 0.15%.

Major Contracts

• China Nuclear Engineering: Subsidiary signs contract for nuclear island installation works at Guangdong Taishan Nuclear Power Units 3 and 4.
• Weiming Environmental Protection: Wins a waste-to-energy project worth RMB 281 million.
• Three-dimensional Shares: Wholly-owned subsidiary wins a railway sleeper procurement project worth RMB 123 million.

This article is republished from Tencent Self-Selected Stocks. Editor: Chen Wenfang (Zhito Finance).