Overview of positive news from listed companies on the evening of March 22, including the attached list.

Several listed companies in the Shanghai and Shenzhen markets released important announcements on the evening of March 22. Here is a summary of the positive news:

Microchip Technology: Plans to invest 160 million yuan to increase capital in Zhuhai Boya and acquire a 20% stake

Microchip Technology (688380) announced on March 22 that it plans to use its own funds of 160 million yuan to increase capital in Zhuhai Boya. After the transaction, the company will hold a 20% stake in Zhuhai Boya. Zhuhai Boya is a chip design company founded with the participation of overseas returnee doctors, established in 2014. It focuses on the research and development of storage chips such as NOR Flash. It is a national high-tech enterprise, a “Little Giant” specialized and innovative enterprise, Guangdong Province Doctor Workstation, Guangdong Engineering Center, and Guangdong Industrial Design Center. Both companies are chip design firms adopting a fabless model and depend on foundries; if they coordinate to plan capacity, it can increase overall wafer consumption and deepen cooperation with foundries.

Tengya Precision: Plans to raise no more than 120 million yuan through a private placement for projects including Vietnam power tools manufacturing

Tengya Precision (301125) announced on March 22 that it intends to raise no more than 120 million yuan (including issuance costs) through a simplified private placement to specific investors. The funds will be used for the Vietnam power tools manufacturing project, Anhui garden tools manufacturing project, and to supplement working capital.

Zhejiang Huaye: Plans to invest 1.094 billion yuan to build Phase II of the Mu’ao production base

Zhejiang Huaye (301616) announced on March 22 that, according to its strategic development plan, it intends to invest in the Mu’ao production base project. The total investment for the Mu’ao base is 1.492 billion yuan, divided into the approved Phase I and the planned Phase II. The Phase II project plans to invest 1.094 billion yuan to build a digital factory for screw machines, establishing an efficient and flexible production line to enhance the capacity of screws, barrels, and collet chucks, breaking through capacity bottlenecks.

Shantui Co.: Continues to develop mining products and is actively preparing for larger excavator models

Shantui Co. stated during its earnings presentation that after completing its excavator product line in 2024, it will continue to develop mining equipment: 100-ton and 125-ton models are already mature and sold in the market; 200-ton models are undergoing market validation with thousands of working hours; 300-ton models are in prototype testing, expected to be completed and introduced to the market within the year. The company is also actively preparing for larger-tonnage excavator products.

Xuefeng Technology: Controlling shareholder plans to increase holdings by 150 million to 300 million yuan

Xuefeng Technology (603227) announced on March 22 that its controlling shareholder, Guangdong Hongda, plans to increase its holdings of the company’s A-shares within 12 months from the announcement date, using its own funds through the Shanghai Stock Exchange system. The total increase will be no less than 150 million yuan and no more than 300 million yuan (including this purchase). The purchase price will not exceed 9.6 yuan per share.

(Source: Oriental Fortune Research Center)