A fiber-optic concept stock with five consecutive trading limits issues a trading risk warning, clarifying it has no current orders in hand

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Hot stocks related to the fiber optic concept have issued abnormal trading announcements. A leading non-ferrous metal giant with a market value of over 100 billion yuan has forecasted that its Q1 net profit will increase by up to 276% year-over-year. A lithium battery cathode materials supplier plans to invest 3 billion yuan to build an integrated base for the fourth-generation lithium iron phosphate.

On April 9, Huiyuan Communication, a fiber optic concept stock with five consecutive trading limits, issued an announcement regarding unusual fluctuations in its stock trading, stating that the company does not possess production capacity for quartz optical fiber preforms or quartz optical fibers. Zhongwu High-Tech, a giant in the non-ferrous metals industest worth hundreds of billions, anticipates its Q1 net profit to increase by 256%-276% year-over-year, with steady growth in orders for cemented carbide products. Lithium battery cathode material supplier Mengguli plans to invest 3 billion yuan in constructing an integrated lithium iron phosphate project.

The following are selected after-hours announcements:

Huiyuan Communication: The company currently has no business, existing orders, or technical reserves in the fields of optical fiber cables, optical modules, or data centers related to computational power.

Huiyuan Communication issued an abnormal trading announcement. The cumulative increase in the closing price of the company’s stock exceeded 20% over three consecutive trading days on April 7, April 8, and April 9, 2026. According to the relevant provisions of the Shenzhen Stock Exmodify Trading Rules, this constitutes an unusual fluctuation in stock trading. The company’s main businesses include power optical cables, online monitoring devices for power systems, and plastic optical fibers. It does not have production capacity for quartz optical fiber preforms or quartz optical fibers, and all quartz optical fibers required for power optical cable production are procured externally. The company has noticed that the market recently has revealn heightened attention to improvements in the supply-demand structure of optical fiber products, as well as optical fiber cables and optical module products related to computing power data centers. The company currently does not engage in businesses, possess existing orders, or have technical reserves in these areas.

Zhongwu High-Tech: Q1 2026 net profit is expected to be between 900 million and 950 million yuan.

Zhongwu High-Tech announced that it expects its net profit for the first quarter of 2026 to be between 900 million and 950 million yuan, representing a year-over-year increase of 256% to 276%. The profit growth is mainly attributed to tight supply in the tungsten raw material market, strong downstream demand, and a significant rise in tungsten raw material prices. Sales volume has also increased simultaneously, allowing the company to pass on price increases. Additionally, rising demand from downstream industries such as construction machinery and high-conclude manufacturing, steady growth in cemented carbide product orders, robust demand for PCB cutting tools, and continuous optimization of the product mix have contributed to both volume and price increases.

Mengguli: Plans to establish a wholly-owned subsidiary to implement the fourth-generation and above integrated lithium iron phosphate project.

Mengguli announced that the company intconcludes to sign the ‘Lithium Iron Phosphate Project Investment Agreement’ and the ‘Lithium Iron Project Investment Agreement’ with the Dazhou High-Tech Zone Management Committee. It will also build an external investment to establish Sichuan Mengguli New Material Technology Co., Ltd., with a registered capital of 500 million yuan, to implement the fourth-generation and above integrated lithium iron phosphate project. The fourth-generation and above lithium iron phosphate project will be constructed in two phases. Phase one involves building a 50,000-ton lithium iron phosphate production line, while phase two will add a 100,000-ton lithium iron phosphate production line. The total investment scale is approximately 1.8 billion yuan, with phase one requiring about 700 million yuan and phase two requiring about 1.1 billion yuan. Phase two will commence after the completion and operation of phase one.

UCloud: Net loss of 73.5534 million yuan in 2025

UCloud announced that it achieved operating revenue of 1.699 billion yuan in 2025, representing a year-on-year increase of 13.07%. The net loss attributable to shareholders of the listed company was 73.5534 million yuan.

Bichu Electronics: Net profit of 11.13 billion yuan in 2025, a year-on-year increase of 26.04%.

Bichu Electronics announced that its operating revenue in 2025 was 21.96 billion yuan, representing a year-on-year increase of 26.52%; net profit was 11.13 billion yuan, a year-on-year increase of 26.04%. The company plans to distribute a cash dividconclude of 19.28 yuan (including tax) for every 10 shares to all shareholders and proposes to convert capital reserves into share capital at the rate of 4 additional shares for every 10 shares held by all shareholders.

Xinxing Ductile Pipe: Net profit of 9.47 billion yuan in 2025, a year-on-year increase of 465.67%.

Xinxing Ductile Pipe announced that its operating revenue in 2025 was 37.022 billion yuan, a year-on-year increase of 2.29%. Net profit was 9.47 billion yuan, a year-on-year increase of 465.67%. The profit distribution plan reviewed and approved by the company’s board of directors is as follows: Based on 3.963 billion shares, a cash dividconclude of 0.75 yuan (including tax) will be distributed for every 10 shares held by all shareholders. No bonus shares will be issued (including tax), and no capital reserve will be converted into share capital.

Kaiweit: The acquisition of 100% equity in Jingyi Semiconductor involves uncertainties.

Kaiweit issued an unusual trading announcement stating that the cumulative deviation of the daily closing price increase for its stock reached 30% over three consecutive trading days on April 7, April 8, and April 9, 2026. As of the date of this announcement, the audit and evaluation work related to the company’s proposed acquisition of 100% equity in Jingyi Semiconductor Co., Ltd. through the issuance of shares and cash payments has not been completed. This transaction still requires multiple approval procedures before implementation, including but not limited to reconvening a board meeting to review the transaction proposal, convening a shareholders’ meeting for approval, obtaining approval from the Shanghai Stock Exmodify, and securing registration consent from the China Securities Regulatory Commission. Whether this transaction will pass the above-mentioned approvals and the timing of final approval or registration remain uncertain.

Dongyangguang: Net profit of 275 million yuan in 2025, a year-on-year decrease of 26.54%.

Dongyangguang announced that its operating revenue in 2025 was 14.935 billion yuan, a year-on-year increase of 22.42%. Net profit was 275 million yuan, a year-on-year decrease of 26.54%.

Fengbei Bio: Net profit for the 2025 fiscal year reached RMB 141 million, a year-on-year increase of 13.52%.

Fengbei Bio announced that it achieved operating revenue of RMB 3.171 billion in the 2025 fiscal year, representing a year-on-year increase of 62.77%. Net profit amounted to RMB 141 million, marking a year-on-year growth of 13.52%. The company plans to distribute a cash dividconclude of RMB 3.5 per 10 shares (tax included) to all shareholders. No stock dividconcludes will be issued, and no capital reserve will be converted into share capital.

China Merchants Shekou: Achieved contracted sales of 17.943 billion yuan in March

According to an announcement by China Merchants Shekou, in March 2026, the company achieved contracted sales area of 546,300 square meters and contracted sales amounting to 17.943 billion yuan. From January to March 2026, the company achieved contracted sales area of 1,141,500 square meters and contracted sales amounting to 33.382 billion yuan.

Weiguang Biotech: Stock issuance application for specific investors approved by the Shenzhen Stock Exmodify

Weiguang Biologics announced that on April 9, 2026, the company received a notification letter from the Shenzhen Stock Exmodify’s Listing Review Center regarding the review opinion for Weiguang Biologics Products Co., Ltd.’s application to issue shares to specific investors. The Shenzhen Stock Exmodify’s issuance and listing review body examined the company’s application documents for issuing shares to specific investors and determined that the company meets the issuance conditions, listing requirements, and information disclosure standards. Subsequently, the Shenzhen Stock Exmodify will report to the China Securities Regulatory Commission (CSRC) according to regulations to complete the relevant registration process. The company’s plan to issue shares to specific investors still requires CSRC approval to proceed, and whether final approval can be obtained, along with the required time frame, remains uncertain.

Shuangjie Electric: Cancels overseas investment in Kyrgyzstan photovoltaic project.

Shuangjie Electric announced that on August 25, 2025, at the seventh meeting of the sixth board of directors, the company reviewed and approved the proposal ‘Regarding the Establishment of a Wholly-Owned Subsidiary in Hong Kong and Overseas Investment,’ agreeing to establish a wholly-owned subsidiary named Shuangjie Hong Kong Limited in the Hong Kong Special Administrative Region of the People’s Republic of China. This subsidiary would directly or indirectly invest in a 100MW photovoltaic power generation project located in Alavan District, Osh Province, Kyrgyzstan. Given significant modifys in the overseas market environment, policies, and project implementation conditions, to prudently manage risks associated with overseas investments and optimize resource allocation, the company convened the twelfth meeting of the sixth board of directors on April 9, 2026. After deliberation, it approved the proposal ‘Regarding the Cancellation of Overseas Investment in the Kyrgyzstan Photovoltaic Project,’ and the board agreed to cancel the previous overseas investment plan.

Huali Group: Net profit of 3.207 billion yuan in 2025, down 16.50% year-over-year

Huali Group announced that its operating revenue for 2025 reached 24.98 billion yuan, representing a year-on-year increase of 4.06%. Net profit amounted to 3.207 billion yuan, reflecting a year-on-year decrease of 16.50%. The profit distribution plan approved by the company’s board of directors is as follows: based on 1.167 billion shares, a cash dividconclude of 11 yuan (including tax) will be distributed for every 10 shares held by shareholders; no bonus shares will be issued (including tax). Additionally, no capital reserve conversion into share capital will be implemented for every 10 shares held.

Shuangjie Electric: Net profit of 185 million yuan in 2025, a year-on-year increase of 129.41%.

Shuangjie Electric announced that its operating revenue in 2025 reached 4.835 billion yuan, representing a year-on-year increase of 39.23%. Net profit amounted to 185 million yuan, marking a year-on-year increase of 129.41%. The profit distribution plan reviewed and approved by the company’s board of directors is as follows: based on 799 million shares, a cash dividconclude of 0.60 yuan (including tax) will be distributed for every 10 shares held by all shareholders. No bonus shares will be issued, and there will be no increase in share capital through capitalization.

Rui Neng Technology: The board of directors approved the acquisition of Botai Ininformigent equity matter, and the stock resumes trading.

Runeng Technology announced that the company plans to acquire control of Botai Ininformigent Equipment (Guangdong) Co., Ltd. through a combination of issuing A-share stocks and cash payments, while raising supporting funds. On April 9, 2026, the company convened the third meeting of the fifth board of directors, which reviewed and approved the proposal on the ‘Plan for Fujian Runeng Technology Co., Ltd. to Issue Shares and Pay Cash to Purchase Assets and Raise Supporting Funds’ and its summary, as well as other proposals related to this transaction. As of the date of this announcement, the auditing and evaluation work related to this transaction has not been completed, and the company’s board of directors decided not to convene a shareholders’ meeting to deliberate on this transaction at this time. According to relevant regulations, after applying to the Shanghai Stock Exmodify, the company’s shares will resume trading from the market opening on April 10, 2026.

RuiNeng Technology: Plans to Acquire 75% Equity of BoTai Ininformigence, Extconcludeing the Industrial Chain to ‘Motion Control + Precision Transmission’

RuiNeng Technology announced that the company plans to acquire 75% equity in BoTai Ininformigence held by nine shareholders, including Yang Bo, Yang Shuo, and Xin Ang Tai, through a combination of share issuance and cash payments. Additionally, it intconcludes to issue shares to no more than 35 eligible specific investors to raise complementary funds. Upon completion of this transaction, the listed company will leverage the tarobtain company’s core products in precision rolling functional components and linear transmission systems to fill critical gaps in the ‘execution layer’ of industrial control products. This relocate aims to extconclude the industrial chain into ‘motion control + precision transmission,’ creating an integrated electromechanical one-stop solution while further expanding its product portfolio and optimizing its product matrix. Simultaneously, the listed company can integrate the tarobtain company’s ball screw assemblies and the under-development planetary roller screws with its own frameless torque motors to develop reverse linear actuators, delivering compact, high-rigidity, and high-precision linear drive solutions.

Chuanneng Power: Net profit of 5.02 billion yuan in 2025, down 30.87% year-on-year

Chuanneng Power announced that its operating revenue in 2025 was 36 billion yuan, up 17.83% year-on-year. Net profit was 5.02 billion yuan, down 30.87% year-on-year. The company implemented a cash dividconclude of 3.14 billion yuan in the middle of 2025. At the conclude of this year, the company plans not to distribute cash dividconcludes, issue bonus shares, or increase share capital through the reserve fund. It is expected to promote the affiliated companies to implement dividconclude distribution to the parent company, and plans to distribute cash dividconcludes to investors by mid-2026.

Jiangsu Cable: Net profit of 258 million yuan in 2025, down 29.29% year-on-year

Jiangsu Cable announced that its operating revenue in 2025 was 7.988 billion yuan, an increase of 0.11% year-on-year. Net profit was 258 million yuan, a decrease of 29.29% year-on-year. The company’s profit distribution plan for 2025 is as follows: a cash dividconclude of 0.16 yuan per 10 shares (including tax) will be distributed, with a total cash dividconclude payout of 80.0115 million yuan.

Guobo Electronics: Net profit of 508 million yuan in 2025, a year-on-year increase of 4.72%.

Guobo Electronics announced that it achieved operating revenue of 2.386 billion yuan in 2025, a year-on-year decrease of 7.92%; net profit was 508 million yuan, a year-on-year increase of 4.72%. The company plans to distribute a cash dividconclude of 4.26 yuan (including tax) for every 10 shares to all shareholders, totaling a cash dividconclude payout of 254 million yuan (including tax).

Hunan Development: Estimated Net Profit Growth for Q1 2026 at 165.00%~223.89% Year-over-Year

Hunan Development announced that the estimated net profit attributable to shareholders of the listed company for the first quarter of 2026 is RMB 11.25 million to RMB 13.75 million, representing an increase of 165.00%~223.89% compared to RMB 4.2453 million in the same period last year. The net profit after deducting non-recurring gains and losses is RMB 11.247 million to RMB 13.747 million, increasing by 164.93%~223.82% from RMB 4.2453 million in the same period last year. The basic earnings per share are RMB 0.02 to RMB 0.03 per share, compared to RMB 0.01 per share in the same period last year. The modify in performance was mainly due to abundant upstream inflows at the hydropower stations owned by the company, leading to a significant increase in power generation in the hydropower business segment compared to the same period last year.

Awei Electronics: Net profit of 317 million yuan in 2025, a year-on-year increase of 24.38%.

Awei Electronics announced that its operating revenue in 2025 was 2.854 billion yuan, a year-on-year decrease of 2.71%. Net profit amounted to 317 million yuan, representing a year-on-year increase of 24.38%. The company plans to distribute a cash dividconclude of 4.3 yuan (including tax) per 10 shares to all shareholders, with a total proposed cash dividconclude payout of 100 million yuan (including tax), accounting for 31.62% of the net profit attributable to shareholders of the listed company in 2025.

Huater Qiti: Net profit of 135 million yuan in 2025, a year-on-year decrease of 26.75%.

According to the announcement by Huater Qiti, the company’s operating revenue for 2025 was 1.419 billion yuan, representing a year-on-year decrease of 1.70%; net profit was 135 million yuan, a year-on-year decrease of 26.75%. The company plans to distribute a cash dividconclude of 5 yuan per 10 shares (including tax) to all shareholders.

Mircleware: Net profit of 627 million yuan in 2025, a year-on-year increase of 10.86%.

Mircleware announced that its operating revenue in 2025 reached 13.335 billion yuan, a year-on-year increase of 10.04%. Net profit amounted to 627 million yuan, reflecting a year-on-year growth of 10.86%. The company proposed to distribute a cash dividconclude of 1 yuan per share (including tax) to all shareholders.

Jiahua Energy: Net profit for 2025 was 988 million yuan, a year-on-year decrease of 1.99%.

Jiahua Energy announced that it achieved total operating revenue of 10.179 billion yuan in 2025, representing a year-on-year increase of 11.21%; net profit was 988 million yuan, a year-on-year decrease of 1.99%. Based on the total share capital on the record date for the 2025 annual profit distribution, after deducting shares held in the repurchase account, a cash dividconclude of 2.5 yuan (including tax) will be distributed for every 10 shares to all shareholders. No bonus shares will be issued, and there will be no capital reserve conversion into share capital.

Shenghong Co., Ltd.: Net profit of 476 million yuan in 2025, a year-on-year increase of 10.99%.

Shenghong Co., Ltd. announced that its operating revenue reached 3.463 billion yuan in 2025, representing a year-on-year increase of 14.05%; net profit amounted to 476 million yuan, reflecting a year-on-year growth of 10.99%. It plans to distribute a cash dividconclude of 5 yuan per 10 shares (including tax) to all shareholders.

Sinomine Resource: Forecasted net profit growth of 270.97%-308.07% year-on-year for the first quarter of 2026

Sinomine Resource announced that it expects its net profit for the first quarter of 2026 to be between RMB 5 billion and RMB 5.5 billion, representing a year-on-year increase of 270.97%-308.07%. In the first quarter of 2026, the company anticipates a significant increase in net profit attributable to shareholders of the listed company compared to the same period last year. The primary reasons for this modify are as follows: 1) Driven by increased demand for downstream energy storage and power batteries, market prices for lithium salt products have risen significantly compared to the same period last year. Profits from the company’s lithium-ion new energy raw material development and utilization business have grown year-on-year, enhancing overall profitability. 2) The Tsumeb smelter in Namibia, which is owned by the company, has reduced losses compared to the same period last year.

Boyuan New Materials: Net profit for 2025 increased by 192.00% year-on-year.

Boyuan New Materials announced that as of the conclude of 2025, the company’s total assets amounted to 3.129 billion yuan, an increase of 5.74% compared to the conclude of 2024; net assets attributable to shareholders of the listed company were 2.127 billion yuan, an increase of 3.69% compared to the conclude of 2024. Revenue in 2025 was 910 million yuan, a year-on-year increase of 27.77%; net profit was 61.8536 million yuan, a year-on-year increase of 192.00%. The company plans not to distribute cash dividconcludes, issue bonus shares, or convert capital reserves into share capital.

Beijing Lier: Net profit of 401 million yuan in 2025, a year-on-year increase of 25.86%.

Beijing Lier announced that its operating revenue reached 6.97 billion yuan in 2025, a year-on-year increase of 10.17%. Net profit amounted to 401 million yuan, reflecting a year-on-year growth of 25.86%. The profit distribution plan approved by the board of directors is as follows: Based on 1.19 billion shares, a cash dividconclude of 0.35 yuan per 10 shares (including tax) will be distributed to all shareholders, with no bonus shares issued and no conversion of capital reserve into share capital.

Sinomine Resource: Net profit of 4.58 billion yuan in 2025, a year-on-year decrease of 39.54%.

Sinomine Resource announced that its operating revenue in 2025 was 6.545 billion yuan, representing a year-on-year increase of 22.02%. The net profit was 4.58 billion yuan, marking a year-on-year decrease of 39.54%. The company plans to distribute a cash dividconclude of 5 yuan (including tax) for every 10 shares to all shareholders.

Juli Lifting Gear: Net profit increased by 137.25% year-on-year in 2025

Juli Lifting Gear announced that the company achieved operating revenue of 2.57 billion yuan in 2025, representing a year-on-year increase of 16.08%; net profit attributable to shareholders of the listed company amounted to 17.4364 million yuan, reflecting a year-on-year increase of 137.25%.

Chuanheng Co., Ltd.: Net profit of 1.26 billion yuan in 2025, a year-on-year increase of 31.76%.

Chuanheng Co., Ltd. announced that its operating revenue in 2025 was 8.328 billion yuan, representing a year-on-year increase of 41.02%; net profit was 1.26 billion yuan, marking a year-on-year increase of 31.76%. The profit distribution plan approved by the company’s board of directors is as follows: a cash dividconclude of 15 yuan (including tax) will be distributed for every 10 shares held by all shareholders. No bonus shares will be issued, and no capitalization of reserves will be created to increase share capital.

Longxun Co., Ltd.: Net profit of 172 million yuan in 2025, a year-on-year increase of 19.05%.

Longxun Co., Ltd. announced that its operating revenue in 2025 was 568 million yuan, a year-on-year increase of 21.93%. Net profit was 172 million yuan, a year-on-year increase of 19.05%. The company plans to distribute profits for the fiscal year 2025 based on the total share capital registered on the record date for equity distribution, excluding shares held in the company’s repurchase-dedicated securities account. A cash dividconclude of 10.4 yuan per 10 shares (tax included) will be distributed to all shareholders, with a total proposed cash dividconclude of 138 million yuan (tax included). Additionally, a capital reserve will be applyd to issue four additional shares for every 10 shares held by all shareholders.

Telink: Net profit of 127 million yuan in 2025, a year-on-year increase of 30.66%.

Telink announced that it achieved operating revenue of 1.015 billion yuan in 2025, a year-on-year increase of 20.26%; net profit was 127 million yuan, a year-on-year increase of 30.66%. The company plans to distribute a cash dividconclude of 2.66 yuan per 10 shares (including tax) to all shareholders, based on the total number of shares recorded on the equity registration date for the rights distribution after deducting the shares held in the company’s repurchase special securities account.

Hunan Gold: Net profit for 2025 increased by 75.77% year-on-year.

Hunan Gold announced that revenue in 2025 was 50.181 billion yuan, a year-on-year increase of 80.26%; net profit was 1.488 billion yuan, a year-on-year increase of 75.77%. The profit distribution plan reviewed and approved by the company’s board of directors is as follows: based on 1.563 billion shares, all shareholders will receive a cash dividconclude of 3 yuan per 10 shares (tax included), with no bonus shares issued (tax included), and no conversion of capital reserves into share capital.

Hunan Baiyin: Net profit of 340 million yuan in 2025, a year-on-year increase of 100.38%.

Hunan Baiyin announced that its operating revenue reached 12.445 billion yuan in 2025, representing a year-on-year increase of 49.70%. Net profit amounted to 340 million yuan, reflecting a year-on-year surge of 100.38%. The company plans not to distribute cash dividconcludes, issue bonus shares, or convert capital reserves into share capital.

Deyeh Co., Ltd.: Estimated net profit for the first quarter of 2026 to increase by 55.91% to 70.08% year-on-year.

Deyeh Co., Ltd. announced that the company estimates its net profit attributable to the parent company’s shareholders for the first quarter of 2026 to be between RMB 1.1 billion and RMB 1.2 billion, representing an increase of RMB 394 million to RMB 494 million compared with the same period last year, reflecting a year-on-year increase of 55.91% to 70.08%. The estimated net profit attributable to the parent company’s shareholders after excluding non-recurring gains and losses is expected to range from RMB 1.04 billion to RMB 1.14 billion, marking an increase of RMB 427 million to RMB 527 million year-on-year, or a growth rate of 69.78% to 86.11% compared with the same period last year.

Tongfu Microelectronics: Proposed private placement to raise no more than 4.22 billion yuan for projects including the expansion of storage chip packaging and testing capacity

Tongfu Microelectronics announced that the total amount of proceeds from this private placement of shares to specific investors will not exceed 4.22 billion yuan (including this figure). After deducting issuance expenses, the proceeds are intconcludeed to be applyd entirely for the expansion of storage chip packaging and testing capacity, the expansion of packaging and testing capacity in emerging application fields such as automotive, the expansion of wafer-level packaging and testing capacity, the expansion of packaging and testing capacity in high-performance computing and communication fields, replenishment of working capital, and repayment of bank loans. Before the proceeds from this issuance are in place, the company may, based on the actual progress of the fundraising investment projects, build preliminary investments applying its own or self-raised funds, and after the proceeds are in place, replace them according to the procedures stipulated by relevant laws and regulations.

Deyea Co., Ltd.: Net profit of 3.171 billion yuan in 2025, a year-on-year increase of 7.11%.

Deyea Co., Ltd. announced that its operating revenue reached 12.224 billion yuan in 2025, representing a year-on-year increase of 9.08%; net profit was 3.171 billion yuan, up 7.11% year-on-year. It plans to distribute a cash dividconclude of 1.8 yuan per share (including tax) to all shareholders, without issuing bonus shares, and with a share capital increase of 0.4 shares for every share held.

WanYi Technology: Plans to issue convertible bonds to raise no more than 375 million yuan for projects including the annual production of 2,000 high-conclude mass spectrometers.

WanYi Technology announced that the company plans to issue convertible bonds to unspecified investors, with a total fundraising amount (including issuance expenses) not exceeding 375 million yuan (inclusive). After deducting issuance expenses, the funds will be invested in projects such as the annual production of 2,000 high-conclude mass spectrometers and the ininformigent upgrading and renovation of production bases. Before the arrival of this round of raised funds, the company will build initial investments applying self-raised funds based on the actual progress of implementing the fundraising investment projects. After the raised funds are in place, the funds will be replaced according to the procedures stipulated by relevant regulations.

Ling Electric Control: Net profit of 136 million yuan in 2025, a year-on-year increase of 750.56%.

Ling Electric Control announced that it achieved operating revenue of 1.194 billion yuan in 2025, a year-on-year decrease of 0.17%; net profit was 136 million yuan, a year-on-year increase of 750.56%. The company’s profit distribution plan for the 2025 fiscal year is as follows: a cash dividconclude of 8 yuan (including tax) will be distributed for every 10 shares to all shareholders, with an estimated total cash dividconclude payout of 42.1564 million yuan (including tax). No capital reserve will be converted into share capital, and no bonus shares will be issued.

Zhaoyuan Gold: Net profit of 159 million yuan in 2025, reversing losses to profitability year-on-year

Zhaoyuan Gold announced that its operating revenue in 2025 reached 527 million yuan, representing a year-on-year increase of 58.13%. The net profit was 159 million yuan, reversing losses to profitability year-on-year.

Bide Technology: Net profit of 56.78 million yuan in 2025, a year-on-year increase of 46.13%.

Bide Technology announced that its operating revenue in 2025 amounted to 561 million yuan, representing a year-on-year increase of 16.24%. The net profit reached 56.78 million yuan, reflecting a year-on-year growth of 46.13%. The company plans to distribute a cash dividconclude of 2 yuan per 10 shares (tax included) to all shareholders.

Allwinner Technology: Estimated net profit for the first quarter of 2026 to increase by 112.99%~140.30% year-on-year.

Allwinner Technology announced that it expects the net profit attributable to shareholders of the listed company for the first quarter of 2026 to be between 195 million yuan and 220 million yuan, representing a year-on-year increase of 112.99%~140.30%. The net profit excluding non-recurring gains and losses is expected to be between 190 million yuan and 216 million yuan, representing a year-on-year increase of 238.21%~284.49%. During the reporting period, in response to the impact of rising costs of upstream raw materials such as storage and packaging, the company adjusted its product selling prices upward. Meanwhile, the company continued to actively expand business across all product lines and promote the mass production of new products, compounded by downstream customers increasing inventory due to anticipated price hikes. Affected by these factors, the company’s revenue increased by approximately 45% year-on-year. The expansion of revenue scale contributed to the growth in net profit.

Oricon: Net profit of 1.014 billion yuan in 2025, a year-on-year increase of 28.26%

Oricon announced that in the fiscal year 2025, the company achieved total operating revenue of 24.065 billion yuan, representing a year-on-year increase of 76%; net profit reached 1.014 billion yuan, marking a year-on-year growth of 28.26%. During the reporting period, the company successfully completed the acquisition of the former COFCO Packaging Holdings Limited. This relocate not only further solidified its strategic market position in the core sector of metal packaging but also, through in-depth optimization of business and product structures, systematically enhanced its overall competitiveness.

Oricon: Forecasted Net Profit for Q1 2026 to Decrease by 13%-32% Year-over-Year

Oricon announced that the net profit attributable to shareholders of the listed company for the first quarter of 2026 is expected to be RMB 4.5 billion to RMB 5.8 billion, representing a year-over-year decrease of 13%-32%. The figure for the same period last year was RMB 6.65 billion. The net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, is expected to be RMB 3 billion to RMB 3.4 billion, representing a year-over-year increase of 58%-80%. The figure for the same period last year was RMB 1.89 billion.

Postal Savings Bank of China: The share增持 plan by China Post Group has been fully implemented, with a total增持 amount of 526 million yuan.

Postal Savings Bank of China announced that on April 8, 2025, it disclosed the ‘Announcement Regarding the Controlling Shareholder’s增持 of Shares in the Bank by China Postal Savings Bank Co., Ltd.’ From April 8, 2025, to April 7, 2026, in accordance with this增持 plan, China Post Group累计增持 103,048,300 A-shares of the bank through the Shanghai Stock Exmodify system via centralized bidding. This represents 0.0858% of the bank’s current total issued ordinary shares of 120,095,053,492, with a cumulative增持 amount of 526 million yuan. This增持 plan has now been fully completed.

Hengfeng Paper: Chairman Li Yingchun Steps Down

Hengfeng Paper announced that the company’s board of directors received a written resignation report from Chairman Li Yingchun on April 8, 2026. Due to organizational arrangements and a work transfer, Mr. Li Yingchun applied to resign from his positions as director, chairman, and member of the board’s special committees, and he will no longer serve as the company’s legal representative. After his resignation, Mr. Li Yingchun will continue to serve as the chairman of Hubei Hengfeng Paper Co., Ltd. As of the date of this announcement, Mr. Li Yingchun does not hold any shares in the company and has no outstanding commitments that should have been fulfilled.

Honghe Technology: Net profit of RMB 202 million in 2025, a year-on-year increase of 785.55%.

According to an announcement by Honghe Technology, the company achieved operating revenue of RMB 1.171 billion in 2025, representing a year-on-year increase of 40.31%; net profit was RMB 202 million, a year-on-year increase of 785.55%. The company plans to distribute a cash dividconclude of RMB 0.68 per 10 shares (including tax) to all shareholders registered on the equity registration date. The estimated total amount of profit distribution is RMB 61.5119 million, with a payout ratio of 30.46%.

China General Nuclear Power Corporation: In the first quarter, the total power generation of nuclear power units under the group’s operation and management was approximately 54.096 billion kilowatt-hours, a decrease of 10.10% compared to the same period last year.

According to an announcement by China General Nuclear Power Corporation, from January to March 2026, the total power generation of nuclear power units operated and managed by the company and its subsidiaries was approximately 54.096 billion kilowatt-hours, a decrease of 10.10% compared to the same period last year. The total grid-connected electricity volume was approximately 50.957 billion kilowatt-hours, a decrease of 10.11% compared to the same period last year.

Rockchip: Estimated net profit growth of 52.76% to 62.31% year-over-year for the first quarter of 2026

According to an announcement by Rockchip, the estimated net profit attributable to the parent company’s shareholders for the first quarter of 2026 is expected to be between RMB 320 million and RMB 340 million, representing an increase of RMB 111 million to RMB 131 million compared to the same period last year, with a year-over-year growth rate of 52.76% to 62.31%. The estimated revenue for the first quarter of 2026 is approximately RMB 1.205 billion, reflecting an increase of about RMB 320 million compared to the same period last year, with a year-over-year growth rate of approximately 36.16%.

Jinshi Resources: Baotou Public Security Bureau transferred the Jin’ebo Fluorochemical environmental pollution case to the procuratorate for review and prosecution.

Jinshi Resources announced that its controlling subsidiary, Inner Mongolia Jin’ebo Fluorochemical Co., Ltd., received the ‘Notice of Entrusting Defense Counsel/Applying for Legal Aid during the Review and Prosecution Phase’ from the Baotou Railway Transport Procuratorate. Due to the environmental pollution case involving Jin’ebo Fluorochemical, the Baotou Railway Transport Procuratorate has received the materials for review and prosecution and informed Jin’ebo Fluorochemical of its right to appoint a defense counsel. In February 2025, seepage overflow occurred during the commissioning phase of the Jin’ebo Fluorochemical sulfuric acid plant. Currently, the Baotou Public Security Bureau has transferred the case to the Baotou Railway Transport Procuratorate for review and prosecution. This incident occurred during the commissioning of the sulfuric acid plant production line, resulting in seepage overflow on the west side of the factory area. The event took place during the commissioning of the sulfuric acid plant production line and did not have a significant impact on the company’s production and operations.

Litong Electronics: The research and development of the company’s liquid cooling products are still in the preliminary discussion stage, and there are currently no specific development or production plans for related liquid cooling products.

Litong Electronics issued an unusual trading announcement. The company’s stock price increased cumulatively by 20% over three consecutive trading days on April 7, April 8, and April 9, 2026, deviating from normal trading levels, as defined under the relevant provisions of the Shanghai Stock Exmodify Trading Rules, constituting abnormal stock trading fluctuations. After a self-examination, the company confirmed that its current operations remain normal. Its main business focapplys on cloud computing services and involves the design, production, and sales of precision metal components and electronic parts applyd in LCD TVs and other display fields. There have been no modifys to its core business, nor have there been any significant modifys to the internal or external operating environment or industest policies. In response to market rumors about ‘Google driving value growth in the liquid cooling supply chain,’ the company clarified as follows: The R&D of the company’s liquid cooling products is still in the preliminary discussion stage, and there are currently no specific development or production plans for related liquid cooling products.

Hengyu Environmental Protection: Net profit increased by 91.91% year-on-year in 2025

Hengyu Environmental Protection announced that the company achieved operating revenue of RMB 295.42 million in 2025, representing a year-on-year increase of 90.67%; net profit attributable to shareholders of the listed company amounted to RMB 33.43 million, reflecting a year-on-year increase of 91.91%; net profit attributable to shareholders of the listed company excluding non-recurring gains and losses reached RMB 30.91 million, marking a year-on-year increase of 123.46%.

Three Gorges Energy: Total power generation in the first quarter was 19.769 billion kilowatt-hours, a decrease of 0.07% compared to the same period last year.

According to an announcement by Three Gorges Energy, as of March 31, 2026, the company’s total power generation for the first quarter of 2026 was 19.769 billion kilowatt-hours, representing a decrease of 0.07% compared to the same period last year. Among this, wind power generation reached 12.780 billion kilowatt-hours, marking a 4.40% decline year-over-year (onshore wind power generated 8.617 billion kilowatt-hours, down 4.59% year-over-year; offshore wind power generated 4.163 billion kilowatt-hours, down 3.99% year-over-year); solar power generation amounted to 6.796 billion kilowatt-hours, increasing by 9.02% year-over-year; standalone energy storage contributed 0.193 billion kilowatt-hours, growing by 6.63% year-over-year.

Huayuan Holdings: The arrangements related to the restructuring still necessary to undergo procedural steps, and no legally binding formal agreements have been signed by the parties involved.

Huayuan Holdings issued an unusual trading activity announcement. The cumulative deviation of the closing price increase over three consecutive trading days reached 20%, which constitutes an abnormal fluctuation in stock trading. After inquiries with the company’s controlling shareholder and actual controller, it was confirmed that, based on the necessarys for deepening reform and promoting transformation in state-owned enterprises under the jurisdiction of Xicheng District, Beijing, the State-owned Assets Supervision and Administration Commission (SASAC) of Xicheng District, Beijing, the company’s actual controller, is planning a restructuring of some of its subordinate enterprise groups. This restructuring may involve Huayuan Group, the company’s controlling shareholder. The arrangements related to this restructuring still necessary to fulfill procedures and require approval from relevant authorities. The restructuring does not involve significant asset restructuring matters of the company and will not lead to a modify in the company’s actual controller. As of the date of this announcement, the related matters are still in the planning stage. No legally binding formal agreement has been signed by the parties involved, and uncertainties remain. The company will timely fulfill its information disclosure obligations according to regulatory requirements as the matter progresses.

Tangrenshen: March 2026 hog sales volume reached 5.416 million heads, a year-on-year increase of 33.78%.

According to Tangrenshen’s announcement, the hog sales volume in March 2026 was 5.416 million heads, marking a year-on-year increase of 33.78% and a month-on-month increase of 26.11%; total sales revenue amounted to 587 million yuan, representing a year-on-year decrease of 14.46% and a month-on-month increase of 6.96%. From January to March 2026, cumulative hog sales volume reached 14.162 million heads, up by 12.19% year-on-year; total sales revenue was 1.743 billion yuan, reflecting a year-on-year decline of 20.13%.

Zhenhai Co., Ltd.: The public transfer of shares by Shuntong Group faces uncertainty regarding approval and the timing of such approval.

Zhenhai Co., Ltd. issued an unusual trading announcement stating that the cumulative deviation in closing price increases over three consecutive trading days (April 7, 2026, April 8, 2026, and April 9, 2026) exceeded 20%. According to relevant provisions of the Shanghai Stock Exmodify Trading Rules, this constitutes an abnormal fluctuation in stock trading. The controlling shareholder, Shuntong Group, intconcludes to transfer part of its shares in the company through a public solicitation process, with the transfer ratio amounting to 15% of the total share capital. The specific plan for this public solicitation is currently undergoing internal approval procedures by the state-owned asset supervision and administration authorities and still requires approval from competent institutions such as the state-owned asset supervision and administration department. Whether it will be approved and the timing of approval remain uncertain.

Dongfang Electric: Vice Presidents Wang Jun and Li Jianhua Plan to Reduce Their Holdings by No More Than 800 Shares and 15,500 Shares Respectively

Dongfang Electric announced that as of the date of this announcement, Mr. Wang Jun, Senior Vice President of Dongfang Electric Corporation, holds 18,800 shares of the company, accounting for 0.00054% of the current total share capital; Mr. Li Jianhua, Senior Vice President, holds 62,000 shares of the company, accounting for 0.00179% of the current total share capital. Due to personal financial necessarys, Mr. Wang Jun and Mr. Li Jianhua plan to reduce their holdings in the company through centralized bidding on the Shanghai Stock Exmodify trading system within three months after 15 trading days from the disclosure of this reduction plan. Mr. Wang Jun will reduce no more than 800 shares, while Mr. Li Jianhua will reduce no more than 15,500 shares.

Gansu Energy: Planning to purchase 100% equity of Jinchang Chemicals, the company’s shares continue to be suspconcludeed.

Gansu Energy and Chemicals Group announced that the company is planning to acquire 100% of the equity in Gansu Energy and Chemicals Jinchang Development Co., Ltd., held by Gansu Energy and Chemicals Investment Group Co., Ltd., through a combination of share issuance and cash payment. The company also intconcludes to raise supporting funds. As of the date of this announcement, the company, toobtainher with relevant parties, is actively advancing the related work for this transaction, including nereceivediating the transaction plan and finalizing the transaction proposal. Given the uncertainties surrounding the transaction, and in order to protect the interests of investors and avoid abnormal fluctuations in the company’s securities trading price, the company’s securities will continue to be suspconcludeed from trading in accordance with the relevant regulations of the Shenzhen Stock Exmodify.

Hangzhou Steel Co., Ltd.: Shareholder Chengtong Jinkong plans to reduce holdings by no more than 2%.

Hangzhou Steel Co., Ltd. announced that Beijing Chengtong Jinkong Investment Co., Ltd. holds 344 million shares of the company, accounting for 10.18% of the total number of shares. Due to capital necessarys, it plans to reduce its holdings by no more than 67.5438 million shares through block trading between May 7, 2026, and August 7, 2026, representing up to 2% of the company’s total shares.

Nano-Micro Technology: Projected Q1 2026 Net Profit Increase of Approximately 123.69% Year-over-Year

Nano-Micro Technology announced that the company expects to achieve operating revenue of approximately RMB 253 million in the first quarter of 2026, representing an increase of about RMB 64.18 million compared to the same period last year, with a year-over-year growth rate of approximately 34.03%. The net profit attributable to the parent company’s shareholders is expected to reach approximately RMB 65.35 million in the first quarter of 2026, reflecting an increase of about RMB 36.14 million compared to the same period last year, with a year-over-year growth rate of approximately 123.69%.

Hangmin Co., Ltd.: Net profit for the fiscal year 2025 reached 735 million yuan, representing a year-on-year increase of 2.10%.

According to the announcement by Hangmin Co., Ltd., its operating revenue for 2025 amounted to 10.723 billion yuan, marking a year-on-year decrease of 6.50%. The net profit stood at 735 million yuan, with a year-on-year growth of 2.10%. The company plans to distribute a cash dividconclude of 2.5 yuan per 10 shares (including tax) to all shareholders, amounting to a total proposed cash dividconclude payout of 255 million yuan (including tax).

Jianghai Co., Ltd.: Net profit of 675 million yuan in 2025, a year-on-year increase of 3.04%.

Jianghai Co., Ltd. announced that its operating revenue reached 5.484 billion yuan in 2025, representing a year-on-year increase of 14.06%. The net profit was 675 million yuan, revealing a year-on-year growth of 3.04%. The profit distribution plan reviewed and approved by the company’s board of directors is as follows: Based on the current total share capital of 851 million shares, after deducting the repurchased shares of 8.4494 million shares, the remaining share capital is 842 million shares. All shareholders will receive a cash dividconclude of 2.6 yuan per 10 shares (including tax), with no bonus shares issued (including tax), and no increase in share capital from the reserve fund.

Huaneng Hydropower: Generated 23.958 billion kilowatt-hours of electricity in the first quarter, a year-on-year increase of 12.52%.

According to an announcement by Huaneng Hydropower, the company generated 23.958 billion kilowatt-hours of electricity in the first quarter of 2026, representing a year-on-year increase of 12.52%. The grid-connected electricity volume reached 23.746 billion kilowatt-hours, marking a year-on-year increase of 12.51%. The main reasons for the year-on-year growth in electricity generation in the first quarter of 2026 include: First, a significant year-on-year increase in the installed capacity of new energy sources; second, the company optimized the mutual support operations of the ‘two reservoirs’ at Xiaowan and Nuozhadu, staggered water level reductions, and accelerated the release of hydropower cascade energy storage; third, the electricity consumption within Yunnan Province and the west-to-east power transmission volume both increased year-on-year.

Fosun Pharma: The supplemental application for the new indications of Hanlikang has been approved by the National Medical Products Administration.

Fosun Pharma announced that the supplemental application for the new indications of Hanlikang, indepconcludeently developed by its holding subsidiary Shanghai Henlius Biotech, Inc. and its holding subsidiaries, has been approved by the National Medical Products Administration; the newly added indications are for the treatment of adult patients with previously untreated diffapply large B-cell lymphoma in combination with Vepotuzumab, Cyclophosphamide, Doxorubicin, and Prednisone, and for the treatment of adult patients with relapsed or refractory diffapply large B-cell lymphoma who are not eligible for hematopoietic stem cell transplantation in combination with Bconcludeamustine and Vepotuzumab.

Zhuhai Port: Q1 2026 cargo throughput reached 15.5176 million tons, increasing by 21.88% year-on-year.

According to an announcement by Zhuhai Port, the cargo throughput for Q1 2026 was 15.5176 million tons, reflecting a year-on-year increase of 21.88%. Of this, the cargo throughput in the Yangtze River Basin amounted to 4.6302 million tons, growing by 8.36% year-on-year, while the cargo throughput in the Pearl River Basin reached 10.8874 million tons, recording a year-on-year growth of 28.71%. The cumulative cargo throughput for the year totaled 15.5176 million tons, marking a year-on-year increase of 21.88%.

Jieya Co., Ltd.: Plans to establish a subsidiary in Egypt and invest in the construction of a disposable hygiene products production base, with an estimated total investment of 467 million yuan

Jieya Co., Ltd. announced that it plans to jointly establish a subsidiary, Egypt Jieya Hygiene Products Company, in Egypt with its wholly-owned subsidiary Jieya Investment (Tongling) Co., Ltd., and invest in the construction of a disposable hygiene products production base. The project is expected to involve a total investment of approximately 467.1012 million yuan. The company will implement the project in phases based on market demand and business progress, adjust the investment amount and method as appropriate, and fulfill relevant review procedures and information disclosure obligations.

Netac Technology: Net profit of 27.1476 million yuan in 2025, reversing losses to profitability year-on-year

Netac Technology announced that its operating revenue in 2025 reached 1.24 billion yuan, representing a year-on-year increase of 49.46%. The net profit amounted to 27.1476 million yuan, compared with a net loss of 99.2488 million yuan in the same period last year. The profit distribution plan approved by the board of directors at this meeting is as follows: based on 200 million shares, all shareholders will receive a cash dividconclude of 0.7 yuan per 10 shares (including tax), no bonus shares will be issued (including tax), and no capital reserve conversion into shares will be created for every 10 shares held by all shareholders.

Liju Thermal Energy: Net profit of 226 million yuan in 2025, down 22.40% year-on-year

Liju Thermal Energy announced that its operating revenue reached 1.138 billion yuan in 2025, up 6.88% year-on-year; net profit was 226 million yuan, down 22.40% year-on-year. The company plans to distribute a cash dividconclude of 15 yuan (including tax) per 10 shares to all shareholders, with a total cash dividconclude payout of 136 million yuan (including tax).

Wan Natural Gas: Net profit of 324 million yuan in 2025, a year-on-year decrease of 2.45%.

Wan Natural Gas announced that its operating revenue in 2025 was 5.109 billion yuan, a year-on-year decrease of 11.90%. Net profit was 324 million yuan, a year-on-year decrease of 2.45%. The company plans to distribute a cash dividconclude of 3 yuan per 10 shares (including tax) to all shareholders based on the total share capital of 526 million shares at the conclude of 2025. The total expected cash dividconclude payout is 158 million yuan (including tax).

Gao Neng Environment: First Quarter 2026 Net Profit of 6.03 Billion Yuan, a Year-on-Year Increase of 168.40%

Gao Neng Environment announced that its revenue for the first quarter of 2026 was 49.92 billion yuan, representing a year-on-year increase of 50.91%. Net profit reached 6.03 billion yuan, marking a year-on-year increase of 168.40%.

Jin Chengxin: Signs RMB 299 Million Routine Operating Contract

Jin Chengxin announced that the company has undertaken the 600,000 tons per year mining construction project of the Youre Lead-Zinc Mine in Baiyu County by Sichuan Xinyuan Mining Co., Ltd. and recently obtained the contract documents signed and sealed by both parties. The scope of work and contract includes the 3,900-meter main adit, blind main ramp, 3,700-meter level, 3,800-meter level, 3,900-meter level (expansion), intake shaft, return air shaft and its ancillary works, stope preparation works and its ancillary works, exploration works, other works, civil engineering and installation works. This contract is a comprehensive unit price contract, with an estimated contract value of RMB 299.34 million (excluding tax), subject to the actual completed and accepted work volume and final settlement amount.

Chunguang Technology: Estimated net loss of RMB 8 million to RMB 11.5 million in 2025

Chunguang Technology announced a preliminary loss forecast for 2025. According to preliminary calculations by the finance department, the company expects a net loss of RMB 8 million to RMB 11.5 million for the fiscal year 2025, compared to a profit in the same period last year. By the conclude of January 2026, the company had estimated inventory impairment provisions for 2025 applying the 2024 accounting estimation method. As the annual report audit progressed, the auditing firm determined that due to a decline in product prices in 2025, the company must increase its inventory impairment provision accrual rate based on the prudence principle. The auditors’ recommconcludeed inventory impairment provision amount was approximately RMB 11 million higher than the company’s estimate. By the conclude of 2025, the company had remaining goodwill of RMB 5.6531 million due to factors such as the acquisition of 100% equity in SUNTONE Vietnam. After initial discussions with the valuation agency, indications of goodwill impairment were found for SUNTONE Vietnam in 2025, necessitating a goodwill impairment provision of RMB 5.6531 million.

ZKTeco Technology: Planning an H-share stock issuance and listing on the Hong Kong Stock Exmodify.

ZKTeco Technology announced that the company is planning an overseas issuance of shares (H-shares) and applying for listing on the Hong Kong Stock Exmodify.

Yahua Group: Communicated with the Zimbabwean government to strive for the early resumption of lithium concentrate exports.

Yahua Group responded to investors on an interactive platform, stating that the company has engaged in active and effective communication with relevant departments of the Zimbabwean government to strive for the early resumption of lithium concentrate exports. For further information, please refer to official announcements. The company’s current lithium concentrate inventory is sufficient to meet domestic production necessarys.





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