Latest Moves of Institutional Investors Exposed: Fuscare and Guangli Technology Under Intensive Research

After the turbulence and adjustments in mid-March, major indices of the A-shares and Hong Kong stocks rebounded across the board on the 24th. Among them, the Shanghai Composite Index rebounded strongly by 1.78%, closing at 3,881.28 points.

During market fluctuations, institutional investors’ research activities have not slowed down. As of March 24th, over 3,000 institutional investors (including brokerages, public funds, insurance companies, and foreign investors) have participated in research activities for 424 listed companies this month.

According to Cailian News, since March, Fuerjia (301371.SZ) has conducted 17 research visits this month, ranking first in research frequency among companies this month. Guangli Technology (300480.SZ) and Xinlei Co., Ltd. (301317.SZ) follow closely, with 9 and 7 visits respectively. From an industry perspective, the semiconductor industry leads in research activity, with focus on issues like automotive-grade storage becoming key concerns for investors.

Fuerjia and Guangli Technology Under Heavy Institutional Research

As of March 24th, seven listed companies have been researched more than five times this month. Among them, Fuerjia tops the list with 17 visits, far exceeding the 2 visits in February.

Fuerjia is a listed company engaged in the research, production, and sales of skin care products, mainly medical dressings and functional skincare lines. The “3.8 Big Promotion” in March is an important mid-year sales event on e-commerce platforms, and Fuerjia’s performance during this period has attracted investor attention. In response, Fuerjia stated, “Sales data during this year’s 3.8 promotion period look quite good, and overall performance meets expectations. The company actively participates according to platform schedules during the promotion, but mainly focuses on daily sales.”

Cailian News notes that since its listing on the ChiNext in August 2023, Fuerjia has been troubled by declining profitability. After net profits declined by 11.56% and 11.77% year-on-year in 2023 and 2024 respectively, the company’s 2025 performance experienced a “big drop,” with only 325 million yuan in net profit in the first three quarters, a sharp decrease of 36.73% year-on-year. As a result, as of March 24th, since its listing, the stock price has fallen 55.58% from the issue price.

The decline in profitability is mainly due to decreased operating income and increased sales expenses. In the first three quarters of 2025, revenue was 1.297 billion yuan, down 11.54% year-on-year, while sales expenses reached 621 million yuan, up 26.19%.

In the face of traditional business challenges, Fuerjia is actively expanding into medical aesthetic products. Regarding future plans for medical aesthetic products, the company revealed during research that it has completed clinical trials and obtained a clinical trial summary report for recombinant type III humanized collagen freeze-dried fibers, and is preparing to submit application materials. As for whether the medical aesthetic business can become a second growth driver, Fuerjia stated, “It depends on subsequent new product releases and sales performance.”

Besides Fuerjia, Guangli Technology was researched 9 times this month, ranking second in research frequency. Moreover, the company attracted a total of 122 institutional visits this month, indicating high investor interest.

Guangli Technology is a leading domestic manufacturer of semiconductor slicing machines and also engaged in coal mine safety monitoring. Since 2026, Guangli Technology’s stock performance has been impressive, with a year-to-date increase of 66.25% as of March 24th. According to earnings forecasts, the company expects net profits between 33 million and 48 million yuan in 2025, turning losses into profits significantly.

Earlier this month, the focus of institutional research on Guangli Technology was mainly on the impact of Middle East tensions on its Israel-based subsidiary, ADT (the world’s third-largest semiconductor cutting equipment manufacturer). During research on March 3rd, 4th, and 5th, the company stated: “ADT’s factory is on the Israeli government’s whitelist. During emergencies and wartime, it is permitted to operate normally and enjoys security protections. When tensions are high, ADT employees follow government safety protocols to enter factory shelters, where they can still send and receive emails and maintain communication, ensuring uninterrupted business operations.”

In the latest research on March 20th, investors focused on the company’s first-quarter semiconductor business. Guangli Technology indicated that in Q1 2026, semiconductor shipments increased significantly compared to the same period last year, with customer delivery speed and volume continuing the positive trend from the second half of 2025; the company is increasing production efficiency at its airport factory and fully utilizing infrastructure at its high-tech plant to expand capacity.

Semiconductors Lead Industry in Institutional Research

On March 24th, the semiconductor sector rebounded strongly, with the Shenwan Semiconductor Index rising 2.27% in a single day. Looking at the research data for the entire month, the semiconductor industry had the highest number of 30 listed companies being researched; automotive parts (26 companies) and general equipment (22 companies) ranked second and third, respectively, becoming key focus areas for institutions.

Cailian News notes that stocks like Jiangbolong (301308.SZ) and Baiwei Storage (688525.SH), which have hit new highs over the past year, also appeared on the research lists within the semiconductor sector. Among these, automotive-grade storage issues have attracted concentrated investor attention.

During Jiangbolong’s research on March 16th, regarding the future growth of automotive-grade storage, the company stated: “Smart cars will become an important platform for AI deployment. Many research institutions believe that automotive-grade storage will experience rapid growth alongside the development of smart cars, especially autonomous driving technology. Automotive-grade storage is becoming a core supporting component for automotive industry upgrades, with long-term, high-growth potential.”

During Baiwei Storage’s research on March 20th, the company said: “In the smart automotive field, our products have successfully entered the supply chains of over 20 major domestic automakers and key Tier 1 suppliers, with batch deliveries and large-scale sales of automotive-grade storage products. Currently, the company is accelerating the introduction and validation of new high-bandwidth, high-capacity automotive-grade storage products such as UFS and BGA SSD to meet the demands of complex applications like smart cockpits and autonomous driving.”

Regarding outlooks for future quarterly operations, Baiwei Storage stated that by the end of 2025, the company’s inventory was 7.868 billion yuan, indicating sufficient stock levels. Additionally, the company’s revenue from emerging AI applications like AI glasses and smart vehicles is expected to continue growing.