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

Today's Focus

1. Foxconn Industrial Internet (601138.SH) Completes RMB 1 Billion Share Buyback

Foxconn Industrial Internet 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 between RMB 59.91 and 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 (Tianfu Tongxin) Plans Cash Management of Up to RMB 8 Billion

Tianfu Communication announced that its board of directors has approved a proposal allowing the company and its subsidiaries to use idle自有资金 (self-owned funds) of up to RMB 8 billion for cash management, specifically to purchase wealth management products with high safety and good liquidity. The authorization 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 general meeting.

3. China Railway Assembly (Zhongtie Zhuangpei) Receives CSRC Investigation Notice

China Railway Assembly announced that it has received a "Case Filing Notice" from the China Securities Regulatory Commission (CSRC). The CSRC has decided to file a case against the company 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 actively cooperate with the investigation and fulfill its information disclosure obligations.

4. Kangzhi Pharmaceutical (Kangzhi Yaoye) 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 material impact on normal operations. During the investigation period, the company will actively cooperate with the CSRC and fulfill its information disclosure obligations.

5. Xinhua Media (Xinhua Chuanmei) Plans to Acquire 100% of Interface Caixin She via Share Issuance; Stock to Resume Trading on Monday

Xinhua Media announced that it plans to acquire 100% equity of Shanghai Interface Caixin She 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 (restructuring) and a related-party transaction. The company's stock will resume trading on September 21, 2026. Upon completion, the listed company will add new business segments including financial new media operations, commercial information services, financial information services, and internet advertising services, on top of its existing book distribution and newspaper publishing operations. 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. Before and after the transaction, the controlling shareholder remains Shanghai United Media Group, and the actual controller remains the Shanghai State-owned Assets Supervision and Administration Commission. The transaction will not result in a change of controlling shareholder or actual control.

6. Huaxi Nonferrous Metals (Huaxi Youshe) Actual Controller to Change to China Minmetals; Stock to Resume Trading on 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 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 Guangxi Key Metals Group alone. 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 from the opening on Monday, September 21, 2026.

7. *ST Jiuding (Jiuding) Under CSRC Investigation for Inaccurate Accounting of Inventory and Investment Property

*ST Jiuding announced that on September 18, 2026, it received a "Case Filing Notice" from the CSRC. The CSRC has decided to file a case against the company for suspected violations of information disclosure regulations due to inaccurate accounting of inventory and investment property for the years 2023-2024. All business operations are currently proceeding normally, and the company will actively cooperate with the investigation during the investigation period.

8. Aolian Electronics (Aolian Dianzi) Suspends Trading Amid Planned Change of Control

Aolian Electronics announced that its controlling shareholder, Ruiying Assets, is planning to transfer a portion of its shares in the company through a negotiated 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 the opening on September 21, 2026, with an expected suspension period of no more than two trading days. The final implementation of this transaction remains uncertain.

9. Galcore Microelectronics (Geke Wei) Plans Private Placement to Raise Up to RMB 4.2 Billion

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

10. Aihua Group (Aihua Jituan) Plans Private Placement to Raise Up to RMB 1.88 Billion

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

Operating Results

1. Fufeng Shares (Fufeng Gufen): Expects net profit of RMB 350 million to RMB 430 million for the first three quarters, turning from loss to profit year-on-year.
2. YTO Express (Yuantong Sudai): August express delivery product revenue was RMB 5.819 billion, up 7.95% year-on-year.

Share Buybacks & Stake Changes

1. Baiyin Nonferrous Metals (Baiyin Youshe): Shareholder CITIC Group plans to reduce its stake by no more than 1%.
2. Seewo (Shiyuan Gufen): Specific shareholders Shixin and Shixun plan to reduce their combined stake by no more than 0.85%.
3. Step Electric (Xinshida): Director Wang Chunxiang plans to reduce his stake by no more than 0.15%.

Major Contracts

1. China Nuclear Engineering (Zhongguo Hejian): Subsidiary signs contract for nuclear island installation works of Units 3 and 4 of Guangdong Taishan Nuclear Power Plant.
2. Weiming Environmental Protection (Weiming Huanbao): Wins bid for a waste-to-energy project worth RMB 281 million.
3. 3D Shares (Sanwei Gufen): Wholly-owned subsidiary wins bid for a railway sleeper procurement project worth RMB 123 million.

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