Zhaori Technology plans major asset acquisition and change of control

Today, several companies made significant announcements impacting their operations and financial strategies. Notably, Zhaori Technology Co., Ltd. is set to undergo a major restructuring involving a share issuance and cash payment to acquire assets, which will result in a change of control. Other companies also announced plans for share issuances and acquisitions, reflecting ongoing strategic adjustments in the market.

Earnings & Performance

• Bingshan Refrigeration & Heat Technology Co., Ltd. (000530) reported a decline in performance for H1 2026, with operating revenue down 8.62% year-on-year to 2.18 billion yuan and net profit falling 39.98% to 47.14 million yuan.
• SG Micro Corp (300661) expects a significant increase in net profit for H1 2026, projecting between RMB 401.7 million and RMB 431.8 million, up from RMB 200.8 million in the previous year.

Deals & Restructuring

• Zhaori Technology Co., Ltd. (300333) announced plans to issue shares and pay cash to acquire a controlling stake in Shenzhen Baonei Technology Co., Ltd. This transaction will lead to a change in control, with Xinjiang Chaohui Equity Investment Co., Ltd. transferring 14.18% of shares to Shanghai Jingheheng Technology Co., Ltd. for RMB 538.84 million.
• Shenzhen Senior Technology Material Co., Ltd. (300568) is acquiring a controlling stake in Bangci Electronics for RMB 25 billion, aiming to expand its presence in the piezoelectric ceramic industry.
• Beijing Toyou Feiji Technology Co., Ltd. (300302) plans to issue A-shares to raise up to 999.835 million RMB for AI-oriented projects, subject to regulatory approval.
• Sichuan Crun Co., Ltd. (002272) intends to issue A-shares to raise up to 950 million RMB for liquid cooling system expansion and energy storage projects.
• Baibang Technology Co., Ltd. (300736) is set to issue shares to its controlling shareholder to raise up to 400 million RMB for working capital.

Regulatory & Governance

• *ST Qihuan Co., Ltd. (000826) announced progress on its pre-restructuring matters, with the court accepting its application and appointing a temporary administrator.
• Zhejiang Zhongjian Technology Co., Ltd. (002779) received a preliminary administrative penalty decision for alleged information disclosure violations, with potential fines pending.

Other Notable Developments

• Huizhou Speed Wireless Technology Co., Ltd. (300322) plans a private placement of A-shares to raise up to 1.096 billion RMB for various projects, with a shareholders' meeting scheduled for August 28, 2026.
• Nanji E-commerce Co., Ltd. (002127) increased its claim in a trademark lawsuit from RMB 81.69 million to RMB 296.01 million, with the court currently in the first instance trial.
• Haisco Pharmaceutical Group Co., Ltd. (002653) received approval for clinical trials of its innovative drug HSK60002 tablets, aimed at treating inflammatory diseases.