Stock Market Navigation_March 24, 2026_Shanghai and Shenzhen Stock Market Announcements and Trading Tips

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【Suspension of Trading】

603950 Changyuan Donggu

301309 Wande Kai

300992 Taifu Pump Industry

【Resumption of Trading】

603429 *ST Jiyou

【Major Events】

Changyuan Donggu: Planning to issue shares and pay cash to acquire 100% equity of Xiangyang Kanghao Mechanical and Electrical Engineering Co., Ltd., trading will be suspended starting tomorrow

Changyuan Donggu announced that the company is planning to acquire 100% equity of Xiangyang Kanghao Mechanical and Electrical Engineering Co., Ltd., held by Hubei XinYuan Power Technology Group Co., Ltd., through issuing shares and paying cash, and raising supporting funds. After the transaction, the company will directly hold 100% of the target company. Since the transaction is still in planning stage and details are uncertain, to ensure fair disclosure and protect investors’ interests, and to prevent abnormal fluctuations in the company’s stock price, trading will be suspended from the opening of March 24, 2026 (Tuesday), for no more than 10 trading days.

Zhongce Rubber: Two tire products are now OEM tires for the Wenjie M6 model

Zhongce Rubber announced that its 255/50R20 [ARISUN1EVStar] and 265/45R21 [ARISUN 1 EV Star] tires have been used as original equipment tires for the Wenjie M6 model, which was recently launched. To date, the company has shipped about 1.3 million yuan worth of goods for this model, accounting for 0.33‱ of its 2024 sales revenue. Given the company’s large overall sales scale, the sales of this product currently represent a small proportion. The direct sales from this OEM project are not expected to significantly impact the company’s performance this year or in future years.

Nare Radar: Terminating the issuance of shares and payment of cash to acquire assets and withdrawing application documents

Nare Radar announced that the board agreed to terminate the plan to acquire 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd., through issuing shares and paying cash, and to withdraw the application documents. The management is authorized to handle all matters related to the termination of this transaction.

WuXi AppTec: Planning to use up to 18 billion yuan of idle funds for cash management

WuXi AppTec announced that it plans to use up to 180 billion yuan (or equivalent foreign currency) of idle funds for cash management, valid for 12 months from the approval date by the board or until the approval of the same by the 2026 annual general meeting, whichever comes first. The company will strictly control risks and invest in high-security, liquid, low-risk financial products such as bank wealth management, structured deposits, brokerage financial products, trust products, and money market funds.

WuXi AppTec also released its annual report, showing that in 2025, revenue reached 45.456 billion yuan, up 15.84% year-over-year; net profit attributable to shareholders was 19.151 billion yuan, up 102.65%. The company plans to distribute a cash dividend of 15.7927 yuan per 10 shares (tax included), totaling about 4.712 billion yuan.

Aikedi: Planning to use up to 3.5 billion yuan of self-owned funds for cash management

Aikedi announced that to improve returns on idle funds, the company and its controlling subsidiaries will manage up to 3.5 billion yuan of self-owned funds, used to purchase risk-controlled financial products with maturities from 1 to 12 months, to enhance capital efficiency and increase cash asset yields. Funds within this limit can be rolled over.

Luan Environmental Energy: Bidding 8.222 billion yuan for coal exploration rights in Su Village, Xiangyuan County

Luan Environmental announced that it bid 8.222 billion yuan to acquire coal exploration rights in Su Village, Xiangyuan County, Shanxi Province. The exploration area covers 47.6467 square kilometers, with a coal resource of 49.178 million tons (including potential resources of 7.5686 million tons). The area is adjacent to the company’s headquarters and near the Wuyang coal mine’s existing mining area, offering strategic advantages. Once converted to mining rights, it can extend extraction based on the existing production system of Wuyang Coal Mine, making it a long-term key resource.

ST Jinggu: Cui Huijun involved in suspected contract fraud case has been filed

ST Jinggu announced that Cui Huijun, the former actual controller of its subsidiary Tang County Huiyin Wood Industry Co., Ltd., is suspected of contract fraud and has been filed by public security authorities. The company completed a major asset restructuring in 2023, acquiring 51% of Huiyin Wood Industry. Since April 2025, lenders of Cui Huijun and Wang Lanchun have filed lawsuits naming Cui, Wang, and Huiyin Wood Industry as defendants, and applied for pre-litigation property preservation. Huiyin’s bank accounts and main assets have been frozen, leading to suspension of operations. To mitigate risks, the company transferred its 51% stake in Huiyin Wood Industry in December 2025. After this transaction, Huiyin Wood Industry is no longer consolidated.

*ST Likuang (Rights Protection): Stock termination decision received

*ST Likuang announced that on March 23, 2026, it received the Shenzhen Stock Exchange’s decision to terminate trading of its shares. The stock will resume trading on March 31, 2026, and enter the delisting risk warning period, with the last trading day expected to be April 21, 2026.

【Performance Highlights】

Haitian Precision: 2025 net profit down 17.97%, plans to pay 3 yuan per 10 shares

Haitian Precision released its annual report, showing 2025 revenue of 3.368 billion yuan, up 0.48%; net profit of 429 million yuan, down 17.97%; basic earnings per share of 0.82 yuan. The company plans to pay a cash dividend of 3 yuan per 10 shares (tax included).

Jincai Internet: 2025 net profit turned profitable, plans to pay 0.26 yuan per 10 shares

Jincai Internet announced that its 2025 revenue was 1.046 billion yuan, down 17.38%; net profit was 64.86 million yuan, turning from loss of 9.16 million yuan last year. It plans to distribute 0.26 yuan per 10 shares (tax included).

China International Trade: 2025 net profit down 4.76%

China International Trade announced its 2025 performance forecast, with total revenue of 3.77 billion yuan, down 3.63%; net profit attributable to shareholders was 1.202 billion yuan, down 4.76%.

Fuxiang Pharmaceutical: Estimated Q1 2026 net profit up 2222.67%-3250.01%

Fuxiang Pharmaceutical forecasted that Q1 2026 net profit attributable to shareholders will be between 52 million and 75 million yuan, up 2222.67%-3250.01%. The growth is driven by sustained industry demand for new energy, steady growth in power battery markets, rapid expansion in energy storage batteries, and strong performance of core products like VC and FEC, boosting overall results.

【Share Repurchase】

Zijin Mining: First repurchase of 21 million shares, total payment of 642 million yuan

Zijin Mining announced that on March 23, 2026, it repurchased 21 million A-shares via centralized bidding, representing 0.08% of total shares, at a maximum price of 31.15 yuan/share and a minimum of 29.82 yuan/share, with total payment of 642.3 million yuan (excluding transaction fees). The repurchase complies with relevant laws and the company’s plan.

Lanjian Intelligent: Planning to buy back shares with 20-40 million yuan

Lanjian Intelligent announced that its board approved a second-phase share buyback plan, using no less than 20 million yuan and no more than 40 million yuan, at a price not exceeding 56.01 yuan/share, for employee stock ownership or equity incentives.

【Increase/Decrease Holdings】

Yongguan New Materials: Controlling shareholder plans to increase holdings by 50-100 million yuan

Yongguan New Materials announced that its controlling shareholder and actual controller, Lv Xinmin, plans to increase holdings of A-shares by at least 50 million yuan and up to 100 million yuan within 6 months via centralized bidding.

【Major Contracts Signed】

Jida Communication: Selected for 68.3064 million yuan technical service project

Jida Communication announced that it was selected as a candidate for China Unicom’s “2026-2028 Market-Oriented Project Support Technical Service” involving two packages, with an estimated total service fee of 68.3064 million yuan (tax included). The project covers Sichuan, Guizhou, Guangxi, and Tibet, from 2026 to 2028. If successful, it will positively impact the company’s business development and performance. The project is currently in the public notice period; final selection and contract details are uncertain.

Beijing Keli: Awarded 576 million yuan PV inverter framework bidding project

Beijing Keli announced it received the bid notification for China Huaneng Group’s 2026 inverter framework procurement, with a bid amount of 576 million yuan, covering PV inverters. The actual contract amount will be based on the signed agreement. The company has the bid notice but has not yet signed a formal contract. The project is expected to positively influence future performance from 2026 onward, without affecting operational independence.

Trina Solar: Pre-bid for 910 million yuan prefabricated substation project for China Huaneng

Trina Solar announced it is the first candidate for China Huaneng’s 2026-2027 prefabricated substation (transformer station) framework procurement, with an estimated bid of about 910 million yuan, holding 50% of the pre-bid share. The final contract amount will depend on subsequent execution.

Librat: Signed three major contracts

Librat announced that it and its wholly owned subsidiaries recently signed three major contracts: a module manufacturing contract with NOV PROCESS & FLOW TECHNOLOGIES AS worth about 20 million USD; an EPC contract with Eishid Coatings (Jilin) worth 170 million yuan; and an EPC contract with Linde Gas (Jiaxing) worth between 110 million and 130 million yuan.