Stock Market Navigation_April 2, 2026_Shanghai and Shenzhen Stock Market Announcements and Trading Tips

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Topic: Trading Alerts

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【Trading Halt】

000659 Zhuhai Zhongfu

000552 Gansu Energy Chemical

【Resumption of Trading】

002357 Fulin Transportation

605555 Dechang Co., Ltd.

【Significant Matters】

**　ST Huicheng (rights protection): signed restructuring financial investor agreements with Zien Bio and others*

*ST Huicheng’s announcement states that the company has signed a 《Restructuring Financial Investment Agreement》 with Zien Bio Technology Co., Ltd. (abbreviated as “Zien Bio”), Chongqing Shanyuan Runhe Private Equity Investment Fund Partnership (Limited Partnership) (abbreviated as “Shanyuan Runhe”), and CICC Pufeng Cheng Investment Co., Ltd. (abbreviated as “CICC Pufeng Cheng”). Under the agreement, Shanyuan Runhe and CICC Pufeng Cheng plan to collectively obtain 114 million shares of the company’s stock capital increase resulting from the restructuring, paying a total restructuring investment of RMB 230 million. The subscription price is RMB 2.01 per share. Among them, Shanyuan Runhe’s contribution is approximately RMB 206 million to obtain approximately 102 million shares, while CICC Pufeng Cheng’s contribution is approximately RMB 24.1572 million to obtain 12 million shares.

** Meihufu Co., Ltd.: terminates investment in the North America production base project**

Meihufu Co., Ltd.’s announcement says that on May 25, 2026, at the 25th meeting of the 11th session of the Board of Directors, the company reviewed and approved a proposal, agreeing to terminate the investment in building the North America Mexico production base project. Previously, on August 2024, the company acquired 99% equity of its North America subsidiary for about RMB 4 billion and carried out pre-project work. As of the date of this announcement, the actual investment is RMB 21.62 million. Due to the complex and fast-changing North American environment, and because the company’s strategic focus has been adjusted to Thailand, after careful consideration the company believes that the feasibility of the original project has undergone a substantive change. This termination of investment will not have an adverse impact on the company’s business development. The company expects the overall loss to be relatively small, and it does not constitute a related-party transaction or a major asset restructuring, so it does not require submission to the shareholders’ meeting for consideration.

** Jerry Co., Ltd.: signs a gas turbine generator set sales contract of about RMB 2.08 billion—will be used in the data center power supply sector**

Jerry Co., Ltd.’s announcement states that its wholly owned subsidiary, GenSystemsPowerSolutionsLLC, has signed a sales contract for gas turbine generator sets with a customer in the United States. The contract amount is USD 301 million (approximately RMB 2.08 billion), representing about 15.58% of the company’s audited operating revenue for 2024. The batch of products will be applied in the data center power supply sector, with the delivery timeline extending to the end of 2027. This contract is the sixth gas turbine generator set sales contract that the company has signed with U.S. customers since November 2025. The counterparty is the fifth customer the company has recently cooperated with in the U.S.

** Guanghua Technology: Director Cai Wen filed for investigation for alleged insider trading**

Guanghua Technology’s announcement says that on March 31, 2026, the company’s director and senior management Cai Wen received an 《Notice of Filing for Investigation》 issued by the China Securities Regulatory Commission, which decided to file for investigation against her for alleged insider trading. This filing investigation is about Cai Wen’s personal case and is unrelated to the company’s daily operations, management, or business activities, and it does not involve the trading of the company’s securities. Cai Wen is currently still performing her duties normally at the company and stated that she will actively cooperate with the CSRC’s investigation. The company will continue to monitor the progress of the above matters and timely fulfill its information disclosure obligations.

**　Hudian Shares: agrees to invest about RMB 6.8 billion to build a printed circuit board production project**

Hudian Shares’ announcement states that the company’s 17th meeting of the 8th session of the Board of Directors reviewed and approved the proposal on 《Agreeing to Sign an Investment Agreement and Build a Printed Circuit Board Production Project and Supporting Facilities》. The company plans to invest in the printed circuit board production project and its supporting facilities, with a planned total investment of about RMB 6.8 billion, funded by the company’s own funds or self-raised funds. The company will authorize management to sign the relevant investment agreement with the Management Committee of the Kunshan High-tech Industrial Development Zone and handle implementation matters. The purpose of this project is to expand production capacity to meet demand in fields such as high-speed computing servers and next-generation high-speed network switches. The company expects it will not have a major impact on its operating performance for fiscal year 2026.

**　Zhuhai Zhongfu: plans control-right change; shares will halt trading starting tomorrow**

Zhuhai Zhongfu’s announcement states that the company is planning to issue A-share stocks to specific parties. This matter may result in a change in the company’s controlling rights. To safeguard investors’ interests and avoid abnormal fluctuations in the share price, the company’s shares have been halted from the opening of trading on April 2, 2026, with an expected trading halt period of no more than 2 trading days. Currently, all parties are discussing and evaluating the specific proposals and agreements. The details shall be subject to the final signing of the agreement. During the trading halt period, the company will timely fulfill its information disclosure obligations; once the matter is determined, trading will resume.

Cec Rubber: plans to invest RMB 1.041 billion to build a tire production base project in Vietnam

Cec Rubber’s announcement states that the company plans to invest in the “Cec Vietnam Tire Production Base Project (Phase I)”, with an investment amount of RMB 1.041 billion. The project will be implemented by a wholly owned subsidiary established in Vietnam by the Hong Kong wholly owned subsidiary Haichao Trading as the implementation entity. After reaching full capacity, it is expected to produce 5 million units of semi-steel radial tires per year. The planned start date is July 1, 2026. In addition, the company plans to increase Haichao Trading’s capital by no more than USD 120 million to meet funding needs.

Tian Ci Materials: wholly owned subsidiary Jiujiang Tian Ci files 12 parties for claims totaling RMB 1.472 billion

Tian Ci Materials’ announcement states that its wholly owned subsidiary, Jiujiang Tian Ci Advanced Materials Co., Ltd., as the plaintiff, has brought a civil lawsuit in the Guangdong Provincial Higher People’s Court regarding a dispute over infringement of trade secrets. The court has filed the case and accepted it. This lawsuit involves 12 defendants, including Shenzhen Yan Yi New Materials Co., Ltd., Zhejiang Yan Yi New Energy Technology Co., Ltd., and others. The plaintiff alleges that the defendants obtained its trade secrets such as the production technology for liquid lithium hexafluorophosphate and lithium bis(fluorosulfonyl)imide through methods including theft and illegal copying, and used them in related projects. The company requests the court to order the defendants to stop the infringement, destroy the infringing equipment and materials, and jointly compensate for economic losses totaling RMB 1.472 billion. The announcement points out that because the wholly owned subsidiary is claiming rights as the plaintiff, it is expected that there will be no direct negative impact on the current profit and loss of the listed company. However, as the case has not yet gone to trial, the final outcome remains uncertain.

**　Kangjia A: the RMB 226 million shareholder loan to an investee is overdue**

Kangjia A’s announcement states that the investee company Yantai Kangyun Industrial Development Co., Ltd. is unable to repay on time the principal of approximately RMB 226 million and interest of the shareholder loan provided by the company due to the project’s sales falling short of expectations and insufficient funds, resulting in the loan becoming overdue. In response to this matter, the company has issued a reminder notice and plans to bring a lawsuit through legal means to protect its rights; at the same time, a special working group has been established to jointly manage chops and accounts, and to push for reclaiming the land to recover funds for repayment. The company states that this matter is expected not to affect normal production and operations, but there is a risk that the principal and interest may not be fully recovered. Investors are kindly reminded to pay attention to investment risks.

【Watch Performance】

BAIC BluePark: March sales down 4.35% year over year

BAIC BluePark released its March 2026 production and sales quick report. The data shows that in March, the production of Beijing New Energy Vehicle Co., Ltd. was 18,652 vehicles, up 61.50% year over year; sales were 13,647 vehicles, down 4.35% year over year. Cumulatively this year, production was 37,452 vehicles, up 36.96% year over year; cumulative sales were 29,084 vehicles, up 4.94% year over year.

Ningbo Port: 2025 net profit RMB 5.168 billion, up 5.63% year over year

Ningbo Port released its 2025 annual report, achieving operating revenue of RMB 31.020 billion, up 7.41% year over year; net profit attributable to shareholders of the listed company was RMB 5.168 billion, up 5.63% year over year.

SAIC Motor: 2025 net profit RMB 10.106 billion, up 506.45% year over year

SAIC Motor’s announcement states that the company released its 2025 annual report, achieving operating revenue of RMB 646.152 billion, up 5.22% year over year; net profit attributable to shareholders of the listed company was RMB 10.106 billion, up 506.45% year over year. The company plans to distribute cash dividends of RMB 2.66 per 10 shares (tax included), totaling RMB 3.039 billion. No capitalization of capital surplus to increase share capital will be conducted in this round.

【Repurchase】

**　New Point Software: Chairman proposes to repurchase shares worth RMB 50 million–100 million**

New Point Software’s announcement states that Chairman Cao Libin proposed that the company use its own funds to repurchase shares through centralized competitive trading. The total amount of repurchase funds will be no less than RMB 50 million and no more than RMB 100 million; the repurchase price will not exceed 150% of the average price of the 30 trading days prior to the board’s deliberation and approval. The repurchased shares will be used for an employee share ownership plan and/or equity incentives.

【Increase/Decrease Holdings】

**　Suzhou Guntong: controlling shareholder plans to increase its holdings by RMB 50 million–100 million**

Suzhou Guntong’s announcement states that Suzhou Tongbo Electronic Equipment Co., Ltd., the controlling shareholder holding 23.09%, plans to increase its holdings of the company’s shares by purchasing additional shares. The increase will take place within 6 months from the date the increase plan is disclosed. The total amount of the increase is not less than RMB 50 million and not more than RMB 100 million. The proposed purchase price range will not exceed RMB 12.9 per share.

BOSER Medical: director and de facto controller plans to increase holdings of no less than RMB 20 million in company shares

BOSER Medical’s announcement states that based on recognition of the company’s value and to enhance investors’ confidence, the company’s director and de facto controller, Li Zhenping, plans to increase its holdings of the company’s shares within 1 week from the disclosure date of this announcement (April 2, 2026 to April 8, 2026) through centralized competitive trading. The amount of this increase will be no less than RMB 20 million. No price range will be set. The funds will come from the company’s own funds or self-raised funds. During the increase period and within statutory timelines, Li Zhenping commits not to reduce the shares held.

Sanjiang Shopping: shareholder Alize Taide plans to reduce holdings by no more than 2% of the company’s shares

Sanjiang Shopping’s announcement states that Hangzhou Alibaba Zetaide Information Technology Co., Ltd., a shareholder holding more than 5%, plans to reduce its holdings of the company’s shares by no more than 10.9536 million shares, i.e., no more than 2% of the company’s total share capital, due to its own business arrangements. Of this, the reduction via centralized competitive trading will be no more than 5.4768 million shares, and the reduction via block trades will be no more than 5.4768 million shares. The reduction period is from April 24, 2026 to July 23, 2026.

【Big Deal】

**　Hua Qin Technology: signed a sales contract worth RMB 103 million for special functional material products used in aircraft engine**

Hua Qin Technology’s announcement states that the company recently signed two ordinary-course sales contracts with a certain customer, with a total contract amount of RMB 103 million (including tax). The contract subject matter is special functional material products used in aircraft engines.

VST ECS: In March, total bid wins of RMB 24.0231 million for State Grid power procurement projects

VST ECS’s announcement states that in March, the company won bids for the first-round single-source procurement projects in 2026 for State Grid Hunan Electric Power Co., Ltd.’s 2026 subsidiaries, strategic emerging industries and original collective enterprises. The bid-winning amount was RMB 13.5018 million. It also won bids for the first-round new procurement project of 2026 for State Grid Tianjin Electric Power Co., Ltd. The bid-winning amount was RMB 10.5213 million. The total bid-winning amount of the above projects is RMB 24.0231 million, accounting for 0.81% of the company’s audited total operating revenue for 2025.

Zhejiang Construction Investment: subsidiary wins a HKD 1.4 billion project

Zhejiang Construction Investment’s announcement states that its subsidiary Huan Ying Construction Co., Ltd. recently received a notice of bid award and successfully won the bid for the Tianhua Road Phase I public housing development project. The project’s total construction period is 1065 calendar days, and the bid price is approximately HKD 1.4 billion. Execution of this project will have a positive impact on the company’s operating performance. However, as of the date of this announcement, no formal contract has yet been signed, and the specific implementation will be subject to the terms of the formal contract.

**　Jinzhi Technology: winning bids totaling RMB 77.7576 million**

Jinzhi Technology’s announcement states that the company recently won bids for projects related to power transmission & transformation and distribution network of State Grid Corporation of China and its subsidiaries. The bid-winning amount was RMB 61.0026 million. The company’s wholly owned subsidiary Jiangsu Dongda Jinzhi Information System Co., Ltd. won the “Wanhua Chemical Group Co., Ltd. 2026–2028 Information Engineering Project”, with a bid-winning amount of RMB 16.7550 million. The total bid-winning amount of the above projects is RMB 77.7576 million, accounting for 4.39% of the company’s total operating revenue for 2024.

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Responsible editor: Shi Xiu zhen SF183