Weili Transmission reports 93.77M RMB loss; plans A-share issuance to raise 600M RMB

Yinchuan Weili Transmission Technology Co., Ltd. reported a substantial net loss of 93.77 million RMB for 2025, attributed to fierce competition in the wind power sector, rising operational costs, and reduced government subsidies. The company will not distribute dividends due to these losses. In response, Weili plans to raise up to 600 million RMB through a private placement of A-shares to fund a new smart factory and bolster working capital.

Earnings & Performance

• Weili Transmission Co., Ltd. (300904): Reported a net loss of 93.77 million RMB for 2025, leading to no cash dividends or bonus shares.

Deals & Restructuring

• Weili Transmission Co., Ltd. (300904): Plans to issue A-shares to raise up to 600 million RMB for a smart wind power gearbox factory and working capital.
• Capitalonline Data Service Co., Ltd. (300846): Approved the acquisition of a 40% stake in Beijing Zhongjia Hexin Communication Technology Co., Ltd. for 236.52 million RMB, aiming to fully own the subsidiary.
• *ST Tianshan Co., Ltd. (300313): Revised its plan to issue A-shares to raise up to 348.69 million RMB for working capital, pending regulatory approval.

Regulatory & Governance

• *ST Tianshan Co., Ltd. (300313): The board approved adjustments to its private placement plan, including pricing and share issuance details.
• Xiamen Hongxin Electronics Technology Group Inc. (300657): Issued supplementary legal opinions regarding its share issuance application, addressing financial performance inquiries from the Shenzhen Stock Exchange.

Other Notable Developments

• Shenzhen Dynanonic Co., Ltd. (300769): Announced plans to issue shares to raise up to 2.9 billion RMB for a lithium battery materials project, with measures to mitigate potential dilution of returns.
• Jiangsu Zeyu Intelligent Electric Power Co., Ltd. (301179): Proposed a restricted stock incentive plan to grant 9.09 million shares to align employee interests with company performance.
• Shandong Yanggu Huatai Chemical Co., Ltd. (300121): Reported a fire incident at its warehouse, resulting in injuries but no fatalities, with operations at the affected plant suspended.
• Fujilai Co., Ltd. (301258): Announced the resignation of a director and the nomination of a new candidate, pending shareholder approval.