March 16 Evening Listed Company Positive News Overview(Attached List)

Several listed companies in the Shanghai and Shenzhen markets released important announcements on the evening of March 16. Here is a summary of the positive news:

Yongzhen Co., Ltd.: Plans to invest 480 million yuan to build an annual production of 70,000 tons of ultra-wide thin-walled flat extruded aluminum profiles and their deep processing products technical transformation project

Yongzhen Co., Ltd. (603381) announced on March 16 that to implement the company’s overall strategic plan, fully leverage the industrialization advantages of the flat extrusion technology, and extend the high-end aluminum alloy material industry chain, the company plans to carry out a technical transformation project in its existing factory in Changzhou, Jiangsu Province, with an annual capacity of 70,000 tons of ultra-wide thin-walled flat extruded aluminum profiles and deep processing products. The total investment for this project is 480 million yuan.

Chitianhua: Recent methanol market prices slightly increased; the company’s methanol products have not been exported

Chitianhua (600227) issued an abnormal stock trading fluctuation announcement on March 16, stating that the market price of the company’s chemical product methanol has recently risen slightly. Chemical product prices are cyclical and volatile, and the sustainability of future price fluctuations is uncertain. Currently, the company has not exported methanol products, and overall market demand remains stable. The short-term impact on the company’s performance is not expected to be significant. The market price of the company’s main chemical product, urea, remains stable. Investors are advised to invest rationally and be aware of investment risks.

Gaoling Information: Planning to acquire Kairui Xingtong’s control; stock to be suspended from trading starting tomorrow

Gaoling Information (688175) announced on March 16 that the company is planning to acquire control of Kairui Xingtong through issuing shares and paying cash, and is also planning to raise supporting funds. The transaction is still in the planning stage, and as of the announcement date, the valuation of Kairui Xingtong has not been finalized. Preliminary estimates suggest this transaction may constitute a major asset reorganization. At the company’s request, the stock will be suspended from trading starting March 17, 2026, for no more than 10 trading days.

Top Group: Plans to establish a 300 million yuan fund mainly investing in emerging industries such as advanced intelligent manufacturing and integrated circuits

Top Group (601689) announced on March 16 that Ningbo Topwei Hangke Venture Capital Partnership (Limited Partnership) has committed a total contribution of 300.01 million yuan, with the company as a limited partner contributing 300 million yuan, accounting for 99.9967%. The fund will mainly invest in unlisted companies in emerging industries such as advanced intelligent manufacturing, integrated circuits, new energy, robotics, new materials, and artificial intelligence.

Sanlian Forging: Plans to invest about 400 million yuan to build a high-temperature alloy blade production line

Sanlian Forging (001282) announced on March 16 that its wholly-owned subsidiary Wuhu Zhaolian plans to invest in constructing a high-temperature alloy blade production line, mainly producing gas turbine blades, large ring forgings, high-end engine blades, and other large ring forgings. The project will leverage existing technological advantages and Wuhu’s industrial base, supported by various policies, to meet high-end market demands and promote enterprise upgrades. The total planned investment is about 400 million yuan, with completion expected within three years (including construction).

Southern Power Grid Energy Storage: Plans to invest approximately 7.379 billion yuan in Guangdong Xinfeng Pumped Storage Power Station project

Southern Power Grid Energy Storage (600995) announced on March 16 that it plans to invest about 7.379 billion yuan to build the Guangdong Xinfeng Pumped Storage Power Station, a national energy bureau-planned project located in Xinfeng County, Shaoguan City, Guangdong Province, with a planned installed capacity of 1.2 million kilowatts.

Hongda Electronics: Subsidiary Hongda Hengxin has established business cooperation with multiple companies in the optical communication field

Hongda Electronics stated on the interactive platform on March 16 that its subsidiary Hongda Hengxin produces single-layer ceramic dielectric capacitors and ceramic thin-film circuits, which can be applied in optical communication field’s optical transceiver modules and optoelectronic conversion modules. The company has established business cooperation with several enterprises in the optical communication sector.

Nanya New Materials: Plans to repurchase shares worth 90 million to 180 million yuan

Nanya New Materials (688519) announced on March 16 that it intends to repurchase shares worth between 90 million and 180 million yuan for employee stock ownership plans or equity incentives, with a maximum purchase price of 147 yuan per share (inclusive).

Tritium: Wins bid for a wind power project pre-assembled substation with a contract value of about 150 million yuan

Tritium (300001) announced on March 16 that China Petroleum Bidding and Tendering Network recently published the bid-winning announcement for the Qinghai Haisi 2 million kilowatt wind power project pre-assembled substation, with the company as the successful bidder and a bid amount of about 150 million yuan. The company has not yet received the official bid award notice from the tenderer or relevant agents; the project amount will be confirmed based on subsequent actual implementation.