ZJ INNOLIGHT (HKEX: 03308) has launched its initial public offering, with the subscription period running from July 22 to July 27. The company plans a global offering of 54.5 million shares and has secured cornerstone investments from major firms including Alibaba, Tencent, and Chow Tai Fook Enterprises.

China Railway Group Ltd (HKEX: 00390) has recently secured several significant project contracts, with a total value of approximately RMB 56.043 billion.

Z FIN (HKEX: 01168) has received a privatization offer from its controlling shareholder at a premium of about 61.37%. Trading in its shares will resume on July 22.

CTR HOLDINGS (HKEX: 01416) intends to issue approximately 275 million consideration shares at a premium of about 22.22% to acquire a Singapore-based construction company.

Suxin Services Group Ltd (HKEX: 02152) has sold a property in Suzhou for RMB 231 million.

Grande Property Development Ltd (HKEX: 00199) has entered into a strategic cooperation memorandum with the Rudong County government in Nantong, Jiangsu province, for the development of a 1GW green power AI computing center in Yangkou Port.

Key Business Updates

Fanshi Intelligent Technology Ltd (HKEX: 06682) has issued a positive profit alert, expecting to record an attributable profit of approximately RMB 90 million to RMB 130 million for the first half of the year, marking a turnaround from a loss in the same period last year.

Sanhuan Group Co Ltd (HKEX: 06951) forecasts a net profit attributable to shareholders of between RMB 1.794 billion and RMB 2.041 billion for the interim period, representing a year-on-year increase of 45% to 65%.

FS Innovation (HKEX: 03355) anticipates a net profit in the range of approximately RMB 437.4 million to RMB 464.7 million for the first half, an increase of about 60.1% to 70.1% compared to the prior year.

Lushang Health Industry Development Co Ltd (HKEX: 02698) expects a profit of not less than $73 million for the first six months, an increase of no less than 40% year-on-year.

Emperor Watch & Jewellery Ltd (HKEX: 00887) projects a net profit of not less than HK$310 million for the interim period, indicating a significant increase.

Billion Industrial Holdings Ltd (HKEX: 02299) has issued a positive profit alert, expecting a substantial rise of not less than 160% in its attributable profit for the first half of the year.