March 20 Evening Shanghai and Shenzhen Listed Companies Material Events Announcement Latest Express

Shanghai and Shenzhen stock exchanges announced important company disclosures on the evening of March 20. Here is a summary of key announcements.

Major Events

Litong Electronics: Rumors of Liao smuggling NVIDIA AI servers and selling to the company are false

In response to market rumors that Liao smuggled NVIDIA AI servers and sold them to Litong Electronics (603629), Securities Times·e Company contacted Litong Electronics for verification. A relevant person responded, “After investigation, this rumor is false. The company’s procurement and project delivery are normal, and there are no major abnormal situations that need disclosure.” Regarding stock price, Litong Electronics’ share price hit the daily limit down this afternoon.

Yuntu Holdings: Fully owned subsidiary’s 700,000-ton ammonia project enters trial production

Yuntu Holdings (002539) announced on March 20 that its wholly owned subsidiary, Yingcheng Chemical, successfully started the 700,000-ton ammonia project recently. It has produced qualified ammonia products, officially entering trial production, and is operating steadily at full capacity. Meanwhile, the supporting 1 million-ton compound fertilizer project has also entered trial production, with 500,000-ton production lines reaching full capacity, and other supporting lines will be completed and put into operation gradually.

Hengli Hydraulic: Company’s actual controller and chairman Wang Liping is detained

Hengli Hydraulic (601100) announced on March 20 that it received notice from Wang Liping’s family that he recently received a “Notice of Filing” and a “Detention Notice” issued by the Jiangsu Provincial Supervisory Committee. Wang Liping, the actual controller and chairman, has been detained.

Jemete: Plans to purchase 21.5% stake in Daimond for 129 million yuan

Jemete (300868) announced on March 20 that it intends to acquire a 21.5% stake in Shenzhen Daimond Technology Co., Ltd. (“Daimond”) for 129 million yuan in cash, funded by the company’s own and raised funds. The transaction aims to expand the company’s industrial layout and create new growth points.

Jiyou Shares: Stock will be subject to delisting risk warning

Jiyou Shares (603429) announced on March 20 that, according to the “Stock Listing Rules,” after the 2025 annual report disclosure, the stock will be subject to delisting risk warning (adding “*ST” before the stock abbreviation). The suspension date is March 23, and the implementation start date is March 24. After implementation, the A-share abbreviation will be *ST Jiyou. The board is actively working on long-term measures to improve profitability and operational conditions.

ST Aowei: Received decision to terminate listing

*ST Aowei (002231) announced on March 20 that it received the Shenzhen Stock Exchange’s decision to terminate listing. The stock will be delisted within fifteen trading days after the decision, as it has reached mandatory delisting conditions. The stock will not enter the delisting arrangement period and will be delisted from the exchange. After delisting, it will transfer to the National Equities Exchange and Quotations (NEEQ) system for transfer and management.

Jianghan New Materials: Adjusted product prices with increases generally between 20%-40%

Jianghan New Materials stated on the interactive platform on March 20 that due to recent conflicts in the Middle East, chemical prices have generally risen. The company has adjusted its product prices accordingly. It has 14 series and over 200 products, with specific price adjustments varying by product, generally increasing by 20%-40%.

Hongxin Electronics: Subsidiary Suihong Huachuang plans to introduce 200 million yuan strategic investment

Hongxin Electronics (300657) announced on March 20 that its controlling subsidiary, Suihong Huachuang, plans to raise 200 million yuan through capital increase from external investors, Suzhou Wuyue Hongchuang Venture Capital Partnership. After the increase, Hongxin Electronics’s stake in Suihong Huachuang will decrease from 60% to 57%. The subsidiary plans to invest in establishing a chip and mold adaptation base in Changshu, with fixed assets investment of no less than 550 million yuan from 2026 to 2030, and to introduce at least 20 ecosystem partners.

Kailong High-Tech: Plans to sell its holdings in Dynamic New Science

Kailong High-Tech (300912) announced on March 20 that it plans to sell its holdings in Dynamic New Science, up to 4.5951 million shares, representing 0.33% of the company’s total shares, depending on market conditions.

HaoWei Group: Plans to invest 1 billion yuan in Rongxin Semiconductor

HaoWei Group (603501) announced on March 20 that it intends to invest 1 billion yuan in Rongxin Semiconductor (Ningbo) Co., Ltd., acquiring approximately 32.18 million yuan of registered capital. Based on a total investment scale of 4 billion yuan, the company expects to hold about 5.88% of Rongxin Semiconductor after the investment.

United Optoelectronics: Applies to Shenzhen Stock Exchange to suspend review of share issuance for asset purchase and fundraising

United Optoelectronics (300691) announced on March 20 that it has applied to the Shenzhen Stock Exchange to suspend review of its plan to issue shares to purchase assets from Dongguan Changyi Optoelectronics and raise supporting funds, pending adjustments to the transaction plan.

Xidi Micro: Chengxin Micro has become a wholly owned subsidiary

Xidi Micro (688173) announced on March 20 that it previously planned to acquire 100% of Chengxin Micro Technology Co., Ltd. (“Chengxin Micro”) for 310 million yuan. All preconditions for the transfer have been met, and Chengxin Micro has amended its articles of association and shareholder register. The company has appointed three directors to Chengxin Micro. The transaction was completed on March 20, 2026, with the change of shareholders, articles of incorporation, and director appointments registered and filed. Chengxin Micro has obtained its business license. From the date of completion, Chengxin Micro is a wholly owned subsidiary.

Honghe Technology: Plans to issue H-shares and list on Hong Kong Main Board

Honghe Technology (603256) announced on March 20 that it is planning to issue overseas H-shares and apply for listing on the Hong Kong Stock Exchange Main Board.

Suda Shares: Actual controller and chairman Li Xiyuan has been released from detention

Suda Shares (001277) announced on March 20 that Li Xiyuan, the actual controller and chairman, has been released from detention by the Bengbu City Bengshan District Supervisory Committee. He can now perform his duties normally, and company operations are normal.

Jinhua New Materials: Plans to expand electronic and optical adhesive materials project with 600 million yuan

Jinhua New Materials (603683) announced on March 20 that its wholly owned subsidiary, Jiangsu Jinhua New Materials, signed an investment intent with the Zhangjiagang Free Trade Zone Management Committee. The project plans to invest 600 million yuan in expanding electronic and optical adhesive materials in Jiangsu Yangtze River Chemical Industrial Park, covering 85 acres, focusing on R&D and production of various electronic and optical materials.

Postal Savings Bank: China Post Investment approved to open, registered capital of 100 billion yuan

Postal Savings Bank (601658) announced on March 20 that it received approval from the State Financial Supervision and Administration Bureau for China Post Financial Asset Investment Co., Ltd. to commence operations. The company’s registered capital is 100 billion yuan, located in Beijing.

Zhongmin Energy: Plans to build 80MW fishery-light complementary photovoltaic station in Zhaoan Shidu

Zhongmin Energy (600163) announced on March 20 that it plans to invest in an 80MW fishery-light complementary photovoltaic station in Zhaoan, Zhangzhou, Fujian Province. The total investment is about 452 million yuan. The project includes DC arrays, inverters, and collection lines. The project company will be registered with a capital of 90 million yuan, with Zhongmin Energy holding 51% and Zhian Jina Photovoltaic Power Generation Co., Ltd. holding 49%.

Huafeng Shares: Currently, the company’s smart generator business accounts for a small portion of revenue

Huafeng Shares (605100) stated on March 20 that its power supply business, including smart generators used as backup power for data centers, is a small part of revenue. The company also holds a 20% stake in Shanghai Jipian Artificial Intelligence Technology, promoting an “energy + computing power” integrated support model. The company plans to deepen its smart generator business, increase R&D, and optimize power solutions for emerging fields like intelligent data centers.

Xuelang Environment: Signed restructuring investment agreement; stock to resume trading on March 23

Xuelang Environment (300385) announced on March 20 that it signed a restructuring investment agreement with Shanghai Heixing Wanlian Technology Development Partnership and others. The total investment is 779 million yuan, with 187 million shares to be transferred. After restructuring, Heixing Wanlian will become the controlling shareholder. The stock will resume trading on the morning of March 23, 2026.

Performance Highlights

Shouchuang Securities: Net profit in 2025 to grow 7.26%; proposes a 10-for-0.68 dividend

Shouchuang Securities (601136) released its 2025 annual report, with revenue of 2.528 billion yuan, up 4.58%; net profit of 1.056 billion yuan, up 7.26%; earnings per share of 0.39 yuan. The company proposes a cash dividend of 0.68 yuan per 10 shares.

China Duty Free: 2025 profit forecast: net profit of 3.586 billion yuan, down 15.97%

China Duty Free (601888) announced its 2025 performance brief, with total revenue of 53.694 billion yuan, down 4.92%; net profit of 3.586 billion yuan, down 15.97%. The decline is partly due to impairment of goodwill in key subsidiaries. The company has seized opportunities from new policies in Hainan and the island’s closure, with strong sales and visitor flow at key stores during the Spring Festival. It is also advancing key projects and asset acquisitions as planned.

Shede Spirits: 2025 net profit down 35.51%; proposes a 10-for-3.1 dividend

Shede Spirits (600702) announced its 2025 annual report, with revenue of 4.419 billion yuan, down 17.51%; net profit of 223 million yuan, down 35.51%; earnings per share of 0.6803 yuan. It proposes a dividend of 3.1 yuan per 10 shares.

Lexin Technology: 2025 net profit up 46.72%; proposes a 10-for-5 dividend and 4-for-1 share bonus

Lexin Technology (688018) announced its 2025 report, with revenue of 2.565 billion yuan, up 27.82%; net profit of 498 million yuan, up 46.72%. It plans to pay a 5 yuan dividend per 10 shares and issue 4 bonus shares per 10 shares.

Quanxin Shares: 2025 net profit up 66.62%; proposes a 10-for-0.6 dividend

Quanxin Shares (300447) announced its 2025 results, with revenue of 839 million yuan, down 7.89%; net profit of 29.65 million yuan, up 66.62%. It proposes a dividend of 0.6 yuan per 10 shares, with no bonus shares or capital reserve conversion. The profit increase is due to strategic focus and product adjustments, despite revenue decline.

CITIC Bank: 2025 net profit up 2.98%

CITIC Bank (601998) announced its 2025 report, with revenue of 2124.75 billion yuan, down 0.55%; net profit of 706.18 billion yuan, up 2.98%. It plans to pay a dividend of 1.93 yuan per 10 shares. Asset quality remains stable, with a slight increase in non-performing loans but a declining non-performing loan ratio.

Chifeng Gold: 2025 net profit up 74.7%; proposes a 0.32 yuan dividend per share

Chifeng Gold (600988) announced its 2025 report, with revenue of 12.639 billion yuan, up 40.03%; net profit of 3.082 billion yuan, up 74.7%. It proposes a dividend of 0.32 yuan per share. Cash flow from operating activities increased by 69.97%, with significant improvements in key metrics.

China Railway Construction Heavy Industry: 2025 net profit down 1.65%; proposes a 10-for-0.84 dividend

CRCHI (688425) announced its 2025 report, with revenue of 10.045 billion yuan, down 0.01%; net profit of 1.483 billion yuan, down 1.65%. It proposes a dividend of 0.84 yuan per 10 shares.

Jindi Shares: 2025 net profit up 47.86%; proposes a 10-for-6.8 dividend

Jindi Shares (603270) announced its 2025 results, with revenue of 2.02 billion yuan, up 49.07%; net profit of 147 million yuan, up 47.86%. The increase is driven by higher delivery of electric drive system components and wind power industry products.

Jinpian Technology: 2025 net profit up 14.82%; proposes a 10-for-6.8 dividend

Jinpian Technology (688676) announced its 2025 report, with revenue of 7.295 billion yuan, up 5.71%; net profit of 660 million yuan, up 14.82%. It plans to pay a dividend of 6.8 yuan per 10 shares.

Longjing Environmental Protection: 2025 net profit up 33.95%; proposes a 10-for-3.8 dividend

Longjing Environmental (600388) announced its 2025 results, with revenue of 11.872 billion yuan, up 18.49%; net profit of 1.112 billion yuan, up 33.95%. It proposes a dividend of 3.8 yuan per 10 shares.

Great Wisdom: 2025 net loss of 44.0257 million yuan, reduced loss

Great Wisdom (601519) announced its 2025 report, with revenue of 827 million yuan, up 7.23%; net loss of 44.0257 million yuan, improved from a loss of 201 million yuan last year. Revenue increased, and cost control measures reduced expenses, but revenue growth was insufficient to cover costs.

Bomaike: 2025 net profit down 38.89%

Bomaike (603727) announced its 2025 results, with revenue of 1.9 billion yuan, down 28.02%; net profit of 61.45 million yuan, down 38.89%. Earnings per share were 0.22 yuan.

Jianfa Hecheng: 2025 net profit up 14.21%; proposes a 10-for-1.5 dividend

Jianfa Hecheng (603909) announced its 2025 report, with revenue of 7.635 billion yuan, up 15.53%; net profit of 109 million yuan, up 14.21%. It proposes a dividend of 1.5 yuan per 10 shares.

Beiken Technology: 2025 net profit up 17.71%; proposes a 10-for-1.5 dividend

Beiken Technology (600980) announced its 2025 results, with revenue of 1.307 billion yuan, up 10.03%; net profit of 125 million yuan, up 17.71%. It plans to pay a dividend of 0.6 yuan per 10 shares.

Sifang Jingchuang: 2025 net profit of 74.3013 million yuan, up 10.3%

Sifang Jingchuang (300468) announced its 2025 results, with revenue of 631 million yuan, down 14.76%; net profit of 74.3013 million yuan, up 10.3%. It reports growth in overseas business and digital financial projects.

Xiangcai Shares: 2025 net profit of 464 million yuan, up 325.15%

Xiangcai Shares (600095) announced its 2025 report, with revenue of 2.42 billion yuan, up 10.37%; net profit of 464 million yuan, up 325.15%. The increase is mainly due to active asset management and growth in wealth management and self-operated businesses.

Changes in holdings

Xin Natural Gas: Shareholder plans to reduce holdings by up to 0.99%

Xin Natural Gas (603393) announced that shareholder Yin Xianfeng plans to reduce holdings by no more than 4.2 million shares (0.99%), through centralized bidding, at market prices.

Lanjian Intelligent: Chairman proposes share repurchase of 20-40 million yuan

Lanjian Intelligent (688557) announced that controlling shareholder and chairman Wu Yaohua proposes to repurchase shares with funds of no less than 20 million yuan and no more than 40 million yuan, via centralized bidding, for employee stock plans or equity incentives.

Qizhou Dongfeng: Multiple shareholders propose to reduce holdings by up to 0.81%

Qizhou Dongfeng (601515) announced that shareholders Huang Xiaojia, Chen Yujian, Zeng Qingming, and Zeng Qingtong plan to reduce holdings by no more than 15.5978 million shares (about 0.81%), via centralized bidding. All are large shareholders holding over 5%, and are associated persons of Dongfeng Investment Group.