Data
*SAFE: April China’s banking system recorded cny 1.5408tn in foreign exchange settlements and cny 1.5715tn in foreign exchange sales.
Co Focus
*Xinje Electric (603416 CH) plans to invest cny 49.75mio to establish an industrial investment partnership, with its capital commitment accounting for 99.5% of the fund’s total target size, the initial tranche of cny 20mio will primarily target advanced manufacturing sectors including semiconductors, robotics and AI.
*Hongxin Electron (300657 CH) announced that its majority-owned subsidiary Xiamen Suihong has signed a cny 177mio computing power technical service contract and a cny 385mio computing power hardware procurement contract.
*Wanrun New Energy (688275 CH) announced it has signed a 1.3231 million-ton lithium iron phosphate (LFP) product supply agreement with CATL (300750 CH).
*Leshan Electric Power (600644 CH) announced that the revised time-of-use electricity pricing mechanism issued by Sichuan Province, effective May 1st, 2025, will have a material impact on its operations, with the estimated reduction of approximately cny 8.5mio in 2025 power generation revenue.
Industrial Economy
*Suzhou’s industrial robot exports hit cny 300mio from January to April, surging 106.5% y/y.
May 19 Block Trade Info
*Discount
-Red Phase (300427 CH) saw 2 block trades worth 52.73mn at 5.30yuan per share,10.02pct discount from last closing.
-Gotion High-Tech (002074 CH) saw 1 block trade worth 479.41mn at 22.43yuan per share,2.98pct discount from last closing.
-China Merchants Expressway (001965 CH) saw 13 block trades worth 43.72mn at 11.90yuan per share,7.89pct discount from last closing.