Popular Stock Plunges 20cm to Daily Limit Down! Institutional Investors Make Significant Net Purchases on Dragon-Tiger Board

Today (March 17), China’s A-share major indices all closed lower. The Shanghai Composite Index closed at 4,049.91 points, down 0.85%; the Shenzhen Component Index closed at 14,039.73 points, down 1.87%; the ChiNext Index fell by 2.29%. The market’s total daily turnover was approximately 2.22 trillion yuan, a decrease of 115.3 billion yuan compared to the previous trading day. There were 867 stocks closing higher, including 52 limit-up stocks.

In the market, insurance concepts led the gains, with chemical fibers, precious metals, real estate, and other sectors also rising. Communication equipment, electronic chemicals, and components saw the largest declines.

17 Stocks Hit Record High Closing Prices

According to Securities Times and Data Treasure, excluding recent IPOs within the past year, 17 stocks closed at record highs today. From an industry perspective, stocks in basic chemicals, machinery, and electronics were most concentrated among those reaching new highs, with 5, 3, and 3 stocks respectively.

Among the stocks reaching record high closing prices, the average price increased by 5.28%. Stocks with limit-up include Zhongfu Shenying, Shunna Shares (000533), and Yaxiang Integration (603929). Top gainers included Langke Technology (300042), Hongxing Development (600367), and Jinniu Chemical (600722).

龙虎榜 Reveals: 9 Stocks with Institutional Net Buy Over 10 Million Yuan

Today, 12 stocks saw net institutional buying, while 15 stocks experienced net selling. Nine stocks had net buy amounts exceeding 10 million yuan, with Xinghuan Technology-U leading with 119 million yuan in net buy, though its stock price fell by 20 centimeters to the limit down. The company announced last night that shareholder Linzhi Lichuang plans to reduce no more than 1.21 million shares (1% of total share capital) over the next three months via centralized bidding. Xiangming Intelligent had a net buy of 77.19 million yuan, ranking second.

Among stocks with net institutional selling, Zhaoyan New Drug (603127) was the top with 202 million yuan sold; followed by Zhongci Electronics and Zhongfu Shenying, both with net sales exceeding 67 million yuan.

In today’s龙虎榜 stocks, 11 stocks received net buy-in from northbound funds. GCL System Integration (002506) led with a net purchase of 119 million yuan; Shunna Shares, Shuangxin Materials, and Zhongfu Shenying each received net buy-ins exceeding 35 million yuan.

Northbound funds net sold 16 stocks. Unlike institutional traders, Xinghuan Technology-U experienced net sales of 92.7 million yuan, the highest. Zhongci Electronics, Jingcheng Shares (600860), and Xiongtao Shares (002733) each saw net sales exceeding 48 million yuan.

Important Evening Announcements

Meizhi Co., Ltd. (002856): Estimated year-end net assets attributable to parent company will be between -40 million and -75 million yuan; stock may be subject to delisting risk warning (stock abbreviation prefixed with “*ST”).

Yingjixin: On January 6, issued misleading statements about brain-computer interface chips on the interactive platform; company to be fined 4 million yuan.

Yahui Long: Fined 4 million yuan for violations related to information disclosure.

Kechuang Information: Warned and fined 1.5 million yuan by the China Securities Regulatory Commission Hunan Bureau for fictitious revenue in the 2023 semi-annual report.

*ST Tianwei: Issued a warning letter for overestimating credit impairment losses and failing to disclose the use of raised funds for purchasing fixed-term deposit products.

Fuqiao Glass: Projected net profit for 2025 to grow by 24% year-over-year; plans to distribute 1.2 yuan per share.

Kaili Medical: Plans to repurchase 100 million to 200 million yuan worth of shares for cancellation.

Zhonghong Medical: Aside from potential price increases for some protective gloves due to rising raw material costs, no major changes in the external operating environment recently.

Fosheng: If the company’s stock price continues to rise, may apply for suspension and investigation with the Shenzhen Stock Exchange.

Guosheng Technology: Currently, the company’s stock price has deviated significantly from its fundamentals, with potential downside risk.

Sanfangxiang: Increased costs due to rising raw material prices have led to rapid product price increases, reducing downstream customer purchasing willingness.

Hongxing Development: Abnormal stock trading fluctuations; P/E ratio significantly higher than industry average.

Tred: Preliminarily won bids for two new energy projects, totaling about 121 million yuan.

Lidao New Materials: Plans to invest 280 million yuan to expand the battery aluminum foil project.