Trading Must-Read: Positive or Negative News Affecting the Stock Market_March 27, 2026_Economic News

Topic: The Safety Attributes of Chinese Assets Stand Out; A-Share Long Bull Market Expected

Impact of Bullish and Bearish News on the Stock Market

Macroeconomic News

1. U.S. President Trump has announced he will visit China in mid-May. On March 26, Foreign Ministry spokesperson Lin Jian stated at a regular press conference that leader diplomacy plays an irreplaceable strategic guiding role in China-U.S. relations, and both sides are in communication regarding President Trump’s visit to China.

2. Recently, social security in Japan has been unstable, with a rise in criminal cases involving Chinese citizens, leading to a deteriorating safety environment for Chinese nationals in Japan. The Foreign Ministry and Chinese embassies and consulates in Japan have solemnly reminded Chinese citizens to avoid traveling to Japan recently, and those already there should closely monitor local security situations, enhance safety awareness, and strengthen self-protection.

3. During the 14th Ministerial Conference of the World Trade Organization, China successfully hosted a high-level meeting entitled “Supporting African Industrialization: Chinese Investment”. Minister of Commerce Wang Wentao stated that starting from May 1, 2026, China will fully implement zero tariffs for all African countries with which it has diplomatic relations.

4. On March 26, Pakistani Foreign Minister Dar stated that indirect negotiations between the U.S. and Iran are taking place through Pakistan as a conduit for information. In this context, the U.S. has proposed a 15-point ceasefire agreement, which Iran is currently reviewing.

5. On March 26, local time, several U.S. officials and informed sources revealed that the U.S. Department of Defense is devising a so-called “final strike” military option against Iran, which may include the use of ground troops and large-scale airstrikes.

6. U.S. President Trump posted on his social media platform “Truth Social” stating, “At the request of the Iranian government, I hereby declare: I will postpone strikes against (Iran) energy facilities by another 10 days, until 8 PM Eastern Time on April 6, 2026.” Trump indicated that Iran is engaging in dialogue with the U.S. and that the U.S. will wait to see if an appropriate agreement can be reached and whether the Strait of Hormuz can be opened; otherwise, Iran will face a sustained vigorous offensive from the U.S. Trump also mentioned that Iran has allowed 10 oil tankers to pass through the Strait of Hormuz as a “gift.”

7. Iranian President Raisi, during a phone call with Malaysian Prime Minister Anwar, stated that Iran is committed to fully ending the war and emphasized that Iran has never sought to possess nuclear weapons.

8. Reports indicate that the commander of the Iranian Islamic Revolutionary Guard Corps Navy, Ali Reza Tangsiri, was killed in an airstrike on Iran’s Abbas Port. The official stated that Tangsiri was responsible for blocking the Strait of Hormuz. There has been no response from Iran regarding this incident.

9. During the 14th Ministerial Conference of the World Trade Organization in Yaoundé, Cameroon, Minister of Commerce Wang Wentao met with U.S. Trade Representative Tai. Both sides had in-depth exchanges on issues related to China-U.S. economic and trade relations, as well as multilateral and regional economic and trade cooperation.

Industry News

1. The National Healthcare Security Administration and eight other departments issued the “Implementation Plan for Accelerating the Establishment of a Long-term Care Insurance System,” stipulating that employees participate in long-term care insurance funded jointly by employers and employees, along with basic medical insurance contributions. The national benchmark rate will reasonably determine rates, keeping the overall rate around 0.3%, shared equally between employers and individuals at approximately 0.15% each.

2. On March 26, the State Administration for Market Regulation held the first corporate fair competition symposium of 2026, engaging in-depth discussions with representatives from major companies such as Minmetals Group, China State Construction Group, CATL, BYD, Chery Automobile, Didi, and Meituan. Meng Yang, a member of the bureau’s party group and deputy director, emphasized strengthening antitrust supervision and law enforcement, enhancing corporate compliance guidance, deeply rectifying “involution” competition, and deepening institutional openness in the competitive field to more vigorously support companies in expanding international markets and achieving high-quality development.

3. At the Boao Forum for Asia Annual Conference 2026, Chen Jianyu, founder of Star Motion Technology Co., Ltd., discussed when robots will enter households, stating that in the next 3 to 5 years, some robots will be capable of performing certain tasks, and in 5 to 10 years, robots will be able to perform most tasks.

4. The impact of Middle Eastern conflicts on global supply chains is spreading from the energy sector to the chemical industry supply chain. As an important raw material connecting energy and manufacturing, international methanol prices have recently risen significantly.

5. According to data from the General Administration of Customs, the import volume of PC (polycarbonate) in February was 53,100 tons, a year-on-year decrease of 27.08%, marking the lowest level since January 2009. This significant decline in import volume is influenced by supply reductions from upcoming maintenance of external facilities and is closely related to the contraction of downstream demand during the Spring Festival holiday.

6. At the Zhongguancun Forum Annual Meeting—RISC-V Ecosystem Technology Forum, the Chinese Academy of Sciences officially announced a series of important achievements in RISC-V critical technology breakthroughs, industrial collaborative innovation, and talent cultivation, focusing on the release of two major achievements: the “Xiangshan” open-source processor and the “Ruyi” native operating system, as well as the formal initiation of joint R&D work on the next generation of chips and operating systems.

Company News

1. SMIC released its annual report, with a net profit of 5.041 billion yuan in 2025, a year-on-year increase of 36.29%.

2. Huagong Technology announced that the company has conducted sample tests for 1.6T FRO and 1.6T LRO with four leading customers in North America, and will soon officially issue small batches of samples to Client N.

3. Muxi Co., Ltd. announced a net loss of 790 million yuan in 2025.

4. China National Offshore Oil Corporation announced a net profit of 122.082 billion yuan in 2025, a year-on-year decrease of 11.5%.

5. China Mobile announced a net profit of 137.1 billion yuan in 2025, a year-on-year decrease of 0.9%.

6. Meituan announced fourth-quarter revenue of 92.1 billion yuan, a year-on-year increase of 4.1%; fourth-quarter adjusted net loss of 15.08 billion yuan. Full-year revenue for 2025 was 364.85 billion yuan, a year-on-year increase of 8%; full-year net loss of 23.36 billion yuan.

7. Shandong Gold disclosed its annual report, with a net profit of 4.739 billion yuan in 2025, a year-on-year increase of 61%, and plans to distribute 1.8 yuan per 10 shares.

8. Wanbond announced that its research and development of products such as the Stone Pine Alkaloid series and peptide series has characteristics of high investment and high risk, and there is uncertainty in future market competition.

9. Yangtze Optical Fiber and Cable announced that the proportion of new optical fiber products related to data center interconnection currently accounts for a small share of the total global market demand.

10. Minuo Hua (Rights Protection) announced that JH389 is currently in the safety testing phase in Europe and has not yet submitted test data to the relevant regulatory authorities.

11. CITIC Securities announced a net profit of 30.076 billion yuan for 2025, a year-on-year increase of 38.58%.

12. *ST Zhengping (Rights Protection) announced a cumulative increase of 57.56% from March 10 to March 26, and will suspend trading for verification.

13. *ST Panda (Rights Protection) announced that related verification work has been completed, and the stock will resume trading.

14. Haier Smart Home announced plans to repurchase 3 billion to 6 billion yuan of A-share stock.

15. China Pacific Insurance announced a net profit of 53.5 billion yuan in 2025, a year-on-year increase of 19%.

16. Shougang announced plans to issue convertible bonds and pay cash to acquire equity from subsidiaries, and the stock will suspend trading starting today.

17. Liaoning Energy announced that the fourth largest shareholder, Shenzhen Xianglong, plans to reduce its holdings by no more than 1% of the company’s shares.

18. Weike Technology announced that its products in the field of optical communications mainly include MPO optical fiber connector components and adapters.

Global Market

International oil prices surged, with WTI May crude oil futures settling at $94.48 per barrel, an increase of 4.61%; Brent May crude oil futures settled at $108.01 per barrel, an increase of 5.66%.

International precious metals weakened, with spot gold closing down 2.78% at $4,380.49 per ounce; spot silver fell 4.5% to $68.1 per ounce.

U.S. stock indices fell sharply, with the Nasdaq down 2.38%, falling more than 10% from its historical peak, confirming it has entered a correction zone; the S&P 500 index fell 1.74%, and the Dow Jones fell 1.01%. Technology stocks broadly declined, with Meta falling nearly 8%, marking the largest single-day drop since October 30 of the previous year, and AMD and Western Digital dropping over 7%. Popular Chinese concept stocks collectively fell, with the Nasdaq Golden Dragon China Index dropping 2.55%. XPeng Motors fell over 6%, Bilibili and Baidu fell over 4%, and Alibaba and NIO fell over 3%.

Investment Opportunity Reference

1. Significant Progress in Solid-State Battery Industrialization; Space Computing Opens New Narrative Logic

Recently, Chongqing Tailan New Energy Co., Ltd. and Yadea Technology Group Co., Ltd. achieved a key breakthrough in their cooperation, launching the high-end electric motorcycle “Yadea Guan Neng Xing Jian II-200L,” which is equipped with mass-produced semi-solid-state batteries, marking the commercial landing of solid-state battery technology in the two-wheeler scene.

Market analysis indicates that solid-state battery technology, once considered a high-end configuration, is gradually being integrated into everyday travel for the public. China’s strategic layout for solid-state batteries has always been at the forefront, positioning it as a key point for “new lithium battery technology.” On the industrial side, the domestic supply chain layout is complete, while overseas competitors seize technological high ground. On the application side, space computing broadens application scenarios, opening new narrative logic. The development of the space energy storage market provides new growth momentum for the solid-state battery industry, with estimates indicating that solid-state batteries could achieve shipments of 100-200 GWh by 2030, depending on application scenarios.

2. Under the Logic of Energy Substitution, Expected Demand for Coal May Improve

Industry media reported that on March 26, the price of coking coal in the Handan market increased, with low-sulfur primary coking coal reported at 1,460 yuan/ton, up 60 yuan/ton, and low-sulfur fat coking coal at 1,570 yuan/ton, up 70 yuan/ton, both being ex-factory prices including tax.

Fangzheng Securities research report points out that escalating geopolitical conflicts have heightened concerns about crude oil supply, and based on the logic of energy substitution, the expected demand for coal may improve. By early 2026, coal inventories in the European ARA three ports are already at a low level. If another energy crisis occurs, coal prices may follow a trajectory similar to that of 2022. When the crisis broke out in 2022, coal prices rose first, but after reaching $396/ton, coal prices fell. As coal prices surged to high levels, crisis sentiment weakened; however, as time progressed, energy shortages began to appear in various European countries, leading to coal hoarding and causing coal prices to rise again and remain high. By 2026, European coal inventories are also at low levels, and once a crisis forms, resulting in energy shortages, coal prices are expected to remain high, similar to the situation in 2022.

Suspension and Resumption of Trading

【Suspension】

000959 Shougang Co., Ltd.

002718 Youbang Ceiling

603843 *ST Zhengping

300165 ST Tianrui

605555 Dechang Co., Ltd.

【Resumption】

600599 *ST Panda

Announcement Quick Dispatch

【Hotspot】

Yidian Tiantang: Has submitted an H-share issuance and listing application to the Hong Kong Stock Exchange.

*ST Panda: Stock trading suspension verification completed, resuming on the 27th.

*ST Zhengping: Will verify stock trading conditions, suspending from the 27th.

Jiangnan High Fiber: The company’s main business and product gross margins have not changed significantly.

Changfei Optical Fiber: New optical fiber products related to internal and interconnection of data centers account for a small proportion of the total global market demand.

Dechang Co., Ltd.: Planning to change the actual controller, suspending trading from the 27th.

Shougang Co., Ltd.: Planning to purchase equity assets from its controlling subsidiary, suspending trading from the 27th.

Tailin Bio: Plans to issue convertible bonds to raise no more than 230 million yuan.

【Operating Performance】

Dinglong Co., Ltd.: Estimated year-on-year net profit increase of 70.22%—84.41% in Q1 2026.

Xinqiang Lian: Net profit is expected to grow by 1,151.44% in 2025, planning to distribute 2.95 yuan per 10 shares.

Shenzhen Huaqiang: Net profit is expected to grow by 117.38% in 2025, planning to distribute 1 yuan per 10 shares.

Dingtai High-tech: Net profit is expected to grow by 91.14% in 2025, planning to distribute 5 yuan per 10 shares.

G-bits: Net profit is expected to grow by 89.82% in 2025, planning to distribute 70 yuan per 10 shares.

Weichai Heavy Machine: Net profit is expected to grow by 65.75% in 2025, planning to distribute 1.16 yuan per 10 shares.

Weiguang Co., Ltd.: Net profit is expected to grow by 65.22% in 2025, planning to distribute 3.5 yuan per 10 shares.

Shandong Gold: Net profit is expected to grow by 60.57% in 2025, planning to distribute 1.8 yuan per 10 shares.

Allwinner Technology: Net profit is expected to grow by 57.2% in 2025, planning to convert 2 shares and distribute 2 yuan.

SMIC: Net profit of 5.041 billion yuan in 2025, a year-on-year increase of 36.3%.

State Power Investment Corporation: Net profit is expected to grow by 40.95% in 2025, planning to distribute 2 yuan per 10 shares.

Flantak: Net profit of 229 million yuan in 2025, a year-on-year increase of 37.35%.

Crystal Integration: Net profit of 704 million yuan in 2025, a year-on-year increase of 32.16%.

China Securities: Net profit is expected to grow by 41.92% in 2025, planning to distribute 1.2 yuan per 10 shares.

CITIC Jianpu: Net profit is expected to grow by 30.68% in 2025, planning to distribute 1.75 yuan per 10 shares.

Guangha Communication: Net profit is expected to grow by 29.7% in 2025, planning to distribute 2 yuan per 10 shares.

Hengxuan Technology: Net profit is expected to grow by 29% in 2025, planning to convert 4 shares and distribute 14 yuan.

Tebao Bio: Net profit is expected to grow by 24.61% in 2025, planning to distribute 6.2 yuan per 10 shares.

Qingdao Bank: Net profit is expected to grow by 21.66% in 2025, planning to distribute 1.8 yuan per 10 shares.

Everbright Securities: Net profit is expected to grow by 21.77% in 2025, planning to distribute 1.74 yuan per 10 shares.

Guangdian Measurement: Net profit is expected to grow by 20.57% in 2025, planning to distribute 2 yuan per 10 shares.

Zhongke Environmental Protection: Net profit is expected to grow by 19.04% in 2025, planning to distribute 1 yuan per 10 shares.

China Pacific Insurance: Net profit is expected to grow by 19% in 2025, planning to distribute 11.5 yuan per 10 shares.

China Merchants Energy: Net profit of 6.012 billion yuan in 2025, a year-on-year increase of 17.71%.

Jinhui Co., Ltd.: Net profit is expected to grow by 15.29% in 2025, planning to distribute 2.3 yuan per 10 shares.

Haitian Flavoring: Net profit is expected to grow by 10.95% in 2025, planning to distribute 8 yuan per 10 shares.

China Life Insurance: Net profit is expected to grow by 8.8% in 2025, planning to distribute 1.45 yuan per 10 shares.

Guangdong Hongda: Net profit is expected to grow by 6.62% in 2025, planning to distribute 4.5 yuan per 10 shares.

Qingdao Beer: Net profit is expected to grow by 5.6% in 2025, planning to distribute 23.5 yuan per 10 shares.

Jiuyuan Yinhai: Net profit is expected to grow by 4.92% in 2025, planning to distribute 1 yuan per 10 shares.

Haier Smart Home: Net profit is expected to grow by 4.39% in 2025, planning to distribute 8.867 yuan per 10 shares.

Zhongchuang Logistics: Net profit is expected to grow by 3.22% in 2025, planning to distribute 6.5 yuan per 10 shares.

Jiuzhitang (Rights Protection): Net profit is expected to grow by 2.96% in 2025, planning to distribute 3 yuan per 10 shares.

Jiangxi Copper: Net profit is expected to grow by 2.41% in 2025, planning to distribute 6 yuan per 10 shares.

Ruifeng Bank: Net profit is expected to grow by 2.3% in 2025, planning to distribute 2.1 yuan per 10 shares.

Xinhua Wencuan: Net profit is expected to grow by 1.53% in 2025, planning to distribute 4.2 yuan per 10 shares.

Saiwei Electronics: Net profit of 1.473 billion yuan in 2025, turning a profit year-on-year, planning to distribute 3.7 yuan per 10 shares.

China Merchants Energy: Net profit is expected to decline by 0.11% in 2025, planning to distribute 3.8 yuan per 10 shares.

China Mobile: Shareholder profit of 137.1 billion yuan in 2025, a year-on-year decrease of 0.9%.

Folai Te: Net profit is expected to decline by 2.59% in 2025, planning to distribute 1.5 yuan per 10 shares.

Joyoung: Net profit is expected to decline by 3.85% in 2025, planning to distribute 1.5 yuan per 10 shares.

Weichai Power: Net profit is expected to decline by 4.15% in 2025, planning to distribute 3.74 yuan per 10 shares.

Yunnan Copper: Net profit is expected to decline by 7.31% in 2025, planning to distribute 2.3 yuan per 10 shares.

Hangzhou Jie Bai: Net profit is expected to decline by 9.28% in 2025, planning to distribute 0.84 yuan per 10 shares.

Xinjie Energy: Net profit is expected to decline by 9.42% in 2025, planning to distribute 1.91 yuan per 10 shares.

Youyan Silicon: Net profit is expected to decline by 10.14% in 2025, planning to distribute 0.55 yuan per 10 shares.

Chihong Zn & Ge: Net profit of 1.035 billion yuan in 2025, a year-on-year decrease of 19.91%.

Qingsong Jinhua: Net profit is expected to decrease by 21.85% in 2025, planning to distribute 1 yuan per 10 shares.

Jinlongyu: Net profit is expected to decrease by 23.65% in 2025, planning to distribute 1 yuan per 10 shares.

Lihua Kechuang: Net profit is expected to decrease by 27.95% in 2025, planning to distribute 0.5 yuan per 10 shares.

Yunnan Energy Investment: Net profit is expected to decrease by 64.99% in 2025, planning to distribute 1.3 yuan per 10 shares.

China International Marine Containers: Net profit is expected to decrease by 92.57% in 2025, planning to distribute 1.79 yuan per 10 shares.

【Contract Awards】

Wansheng Intelligent: Pre-awarded 70.9454 million yuan national grid project.

Canaan Intelligent: Pre-awarded approximately 63.0382 million yuan national grid project.

【Buybacks & Reductions】

Haier Smart Home: Plans to repurchase 3 billion to 6 billion yuan of A-share stock.

Tailin Bio: Plans to repurchase company shares worth 20 million to 40 million yuan.

Hangxin Technology: Former controlling shareholder Li Fengrui plans to reduce holdings by no more than 0.66%.

Huiyun Titanium Industry: Chaoyang Investment plans to reduce holdings by no more than 2.98%.

Liaoning Energy: Shenzhen Xianglong plans to reduce holdings by no more than 1% of the company’s shares.

【Others】

Xizhuang Co., Ltd.: Obtained supplier qualification certification from Saudi Aramco.

Dingtai High-tech: Plans to invest 5 billion yuan in Dongguan to build an intelligent manufacturing headquarters base.

Ruilian New Materials: Plans to use 80 million yuan of remaining raised funds to build the Pucheng Haitai high-performance optoelectronic materials project.

Youfu Co., Ltd.: Terminated the implementation of the annual production of 16,000 tons of rubberized curtain fabric and 6,000 tons of rubberized canvas project.

Light Media: Signed a framework agreement with Maoyan Entertainment to cooperate in IP derivative business.

Qinchuan Machine Tool: Subsidiary plans to invest in the intelligent manufacturing project for new energy drive motor reducers and gear and shaft components.