**Major Projects Clustered for Launch**

Tunnel Shares (600820) secured a major contract—its subsidiary consortium won the bid for the Huixian to Juancheng Expressway Huixian to Weihui section project, with a total investment of 6.49 billion yuan and a cooperation period of 33.25 years. Good news also came from Hongcheng Environment’s wholly-owned sub-subsidiary, whose consortium won the bid for the integrated sewage treatment plant and pipeline network project in Nanchang Xinjian Economic Development Zone, with a winning bid of 853 million yuan.

Zhongfutong (300560) has become a candidate for two two-year comprehensive business support service projects for China Mobile TieTong, with an expected total contract amount of 573 million yuan. Lizhong Group (300428) signed a fixed procurement agreement with Weijing Intelligence for 5,000 sets of humanoid robot processing parts over five years, with an estimated contract value of 75 million yuan.

**Frequent Capital Operations**

Shengda Resources (000603) plans to spend 500 million yuan in cash to acquire a 60% stake in Yichun Jinshi Mining. Its core asset is the 460 Highland Gold Deposit exploration right, which will boost the company's mineral resource reserves. Honghua Data Technology (688789) is also making moves, planning to acquire a 49% stake in Shandong Yingkejie for 105 million yuan. After the transaction, it will hold 100% equity in the company.

**Share Buybacks and Dividends Go Hand in Hand**

Midea Group (000333) completed a 10 billion yuan share buyback, of which 95 million shares will be canceled, accounting for 1.24% of the total share capital before cancellation. Helenzhe (300201) also plans to use its own funds to repurchase 50 million to 100 million yuan worth of company shares for employee stock ownership or equity incentives.

Industrial and Commercial Bank of China (601398) officially announced its 2025 interim profit distribution plan, with an A-share cash dividend of 0.1414 yuan per share to be distributed on December 15, totaling about 50.396 billion yuan.

**Impressive Performance Data**

Kemen Noodle’s (002661) controlling subsidiary sold 51,600 hogs in November, a year-on-year surge of 710.84%, with cumulative sales from January to November up 62.01% year-on-year. JAC Motors (600418) sold about 33,500 vehicles in November, a year-on-year increase of 5.94%, achieving positive year-on-year growth in monthly sales.