Selected A-share Announcements | Kweichow Moutai (600519.SH) Raises Retail Price, Moore Threads (688795.SH) Signs 660 Million Major Contract

Focus today 1. Kweichow Moutai: Retail price of 53% Flying Moutai adjusted to 1539 yuan/bottle Kweichow Moutai announced that starting from March 31, 2026, the sales contract price for a 500ml Kweichow Moutai Flying Moutai liquor (2026) with 53% vol will be adjusted from 1169 yuan/bottle to 1269 yuan/bottle, and the retail price within the self-operated system will be adjusted from 1499 yuan/bottle to 1539 yuan/bottle. This price adjustment is expected to have a certain impact on the company's operating performance. 2. Moor Thread: Signs a 6.6 billion yuan major daily operating contract Moor Thread announced that the company recently signed a major daily operational sales contract with a certain customer, totaling 6.6 billion yuan, for the Moor Thread Kuawa Zhisuan cluster. The contract will be paid in three installments: 30% within 2 days, 60% within 180 days after receiving and accepting the goods, and 10% before December 31, 2026. This contract is part of daily operations, and if successfully implemented, is expected to have a positive impact on the company's performance, but there are risks such as force majeure. The company has complied with internal approval procedures, does not require board approval, and the information of the other party is exempt from disclosure due to business secrecy. 3. Zhongji Innolight: Net profit in 2025 was 10.797 billion yuan, a year-on-year increase of 109% Zhongji Innolight announced that in 2025, the operating income was 38.24 billion yuan, a year-on-year increase of 60.25%. The net profit was 10.797 billion yuan, a year-on-year increase of 108.78%. The profit distribution plan approved by the board of directors for all shareholders is to distribute a cash dividend of 10 yuan (including tax) per 10 shares. 4. Agricultural Bank of China: Net profit in 2025 was 291.041 billion yuan Agricultural Bank of China announced that the operating income in 2025 was 7251.31 billion yuan, compared to 7114.16 billion yuan in the previous year. The full-year net profit attributable to the parent company was 291.041 billion yuan, compared to 282.083 billion yuan in the previous year. The announcement stated that the company's business operations maintained a stable growth trend, with further consolidation of the operating base. Operating efficiency is steadily improving. Net profit and operating income continue to grow positively. Asset quality remains excellent. The non-performing loan ratio is 1.27%, down 3 basis points from the end of the previous year. The overdue loan ratio is 1.25%, maintaining a level superior to comparable industry levels. The overdue loan ratio is lower than the non-performing loan ratio, with strict asset quality assessment standards. Loan loss reserves remain above one trillion yuan, with a reserve coverage ratio of 292.55%, maintaining a strong risk offsetting capacity. Reasonable growth in financing. Total assets are 4.88 trillion yuan, including total loans of 27.13 trillion yuan, an addition of 2.23 trillion yuan. Financial investments amount to 1.63 trillion yuan, an increase of 2.47 trillion yuan. Deposit stability continues to improve. The total balance of customer deposits is 38.69 trillion yuan, an increase of 3.71 trillion yuan. The deviation of domestic and foreign currency deposits is 0.58%, the best in the industry and the only continuous seven consecutive quarters below 3%. 5. Midea Group Co., Ltd: Plans to repurchase A-share shares for 6.5 billion to 13 billion yuan Midea Group Co., Ltd announced that the board of directors has approved a repurchase plan to repurchase A-share shares through centralized bidding, with a repurchase amount of no less than 65 billion yuan and not more than 130 billion yuan, with a repurchase price not exceeding 100 yuan per share. The source of repurchase funds is from the company's own funds and a special loan provided by Bank of China Shunde Branch (the loan does not exceed 90% of the repurchase amount). The repurchased shares will be used to implement equity incentive plans and/or employee shareholding plans, with a term of 12 months from the date of approval by the board of directors. 6. Chongqing Sokon Industry Group Stock: Operating income in 2025 was 164.888 billion yuan, a year-on-year increase of 13.63% Chongqing Sokon Industry Group Stock announced that the operating income in 2025 was 164.888 billion yuan, a year-on-year increase of 13.63%. The net profit attributable to shareholders for the entire year was 5.957 billion yuan, a year-on-year increase of 0.18%. 7. Shareate Tools Ltd: Expected net profit to increase by 474% to 604% year-on-year in the first quarter, comprehensive price increase for carbide and tool products Shareate Tools Ltd announced that it is expected to achieve a net profit attributable to the owners of the company of 265 million to 325 million yuan in the first quarter of 2026, an increase of 473.74% to 603.64% year-on-year. Faced with the continuous growth in market demand, the company adheres to its focus on the core track of carbide and tools, driving sales increases for carbide products, rock drilling tools, and cutting tools. At the same time, against the backdrop of rising raw material prices, the company has comprehensively raised prices for its entire range of carbide and tool products, significantly improving product profitability, which will collectively drive a substantial increase in the company's operating performance in the first quarter of 2026. 8. Thinker Agricultural Machinery: Company fined 2.5 million yuan by Zhejiang Securities Regulatory Bureau for falsifying information in the 2023 annual report Thinker Agricultural Machinery announced that the company and related personnel received an "Administrative Penalty Decision" from the Zhejiang Securities Regulatory Bureau. After investigation, in 2023, Thinker Agricultural Machinery (603789) wholly-owned subsidiary falsely increased operating income by 60.7274 million yuan, accounting for 19.69% of the disclosed operating income for that period; and falsely increased the total profit by 5.2895 million yuan, accounting for 9.77% of the absolute value of the disclosed total profit, resulting in false information in the 2023 annual report. Therefore, Thinker Agricultural Machinery (603789) was issued a warning and fined 2.5 million yuan; He Dejun, Zheng Bin, and Liu Tao were warned and fined 1.2 million yuan each; Wu Haijuan was warned and fined 800,000 yuan. 9. Shenzhen Aoni Electronic: Signs strategic cooperation agreement on AI workstations with Muxi Shares Shenzhen Aoni Electronic announced that the company signed a "Strategic Cooperation Agreement" with Muxi Integrated Circuit (Shanghai) Co., Ltd., focusing on Muxi desktop AI workstations and other hardware products for comprehensive, multi-level, and long-term cooperation. The cooperation includes joint development of single-card to eight-card AI workstations and servers. In terms of business expansion, seizing the explosive window of the AI computing inference application market, the two parties will further deepen cooperation to explore intelligent application scenarios, especially in the fields of government affairs, finance, security, the Internet of Things, automotive electronics, industrial control, enterprise offices, research and education, and engage in deep collaboration to develop corresponding computing products and solutions. 10. Huaxia Fund: Huaxia S&P Global Oil Index (LOF) suspended redemptions on April 3 Huaxia Fund announced that the fund Huaxia S&P Global Oil Index (LOF) suspended redemptions from April 3, 2026. The suspension date is April 3, 2026, as it is a public holiday in the United States, where the main markets in which the fund invests are closed. Subordinate structured funds Huaxia S&P Global Oil Index A and Huaxia S&P Global Oil Index C have respective trading codes of 160416 and 014982 and are also suspended for redemptions. Regular redemption operations will resume from April 7, 2026. 11. China Galaxy: Net profit in 2025 was 12.52 billion yuan, a year-on-year increase of 24.81% China Galaxy announced that in 2025, the operating income was 283.02 billion yuan, a year-on-year increase of 24.34%. The net profit was 12.52 billion yuan, a year-on-year increase of 24.81%. It plans to distribute a cash dividend of 2.46 billion yuan (including tax), with a dividend of 2.25 yuan per 10 shares (including tax). 12. S.F. Holding: Plans to use up to 38 billion yuan of its own funds to purchase low-risk financial products in 2026 S.F. Holding announced that its 7th board of directors approved the "Proposal on the Use of Own Funds to Purchase Financial Products in 2026", planning to use up to 38 billion yuan of its own idle funds to purchase low-risk financial products issued by banks and other financial institutions (including structured deposits, low-risk fixed-income financial products, etc.). The quota can be used in a revolving manner and is valid for 12 months from the date of approval by the board of directors. This investment does not affect normal operations, does not require shareholder approval, and does not constitute a related party transaction. The company has established risk control measures, with implementation by the finance department, and oversight by the internal audit department and audit committee. 13. Yantai Jereh Oilfield Services Group: Signs a 23.59 billion yuan sales contract for gas turbine generator sets Yantai Jereh Oilfield Services Group announced that its wholly-owned subsidiary GenSystems Power Solutions LLC signed a sales contract for gas turbine generator sets with a U.S. customer, with an amount of 341 million US dollars (approximately 23.59 billion yuan), accounting for about 17.66% of the company's audited revenue for 2024. This contract is the fifth sales contract for gas turbine generator sets signed with a U.S. customer by the company since November 2025, and the fourth customer the company has recently cooperated with in the U.S. 14. Sino Medical Sciences Technology Inc.: Plans to issue H shares and list on the Main Board of the Hong Kong Stock Exchange Sino Medical Sciences Technology Inc. announced that the company held its 3rd Board of Directors 14th meeting on March 30, 2026, and approved the proposal on issuing H shares and listing on the Hong Kong Stock Exchange. The validity period of the resolution for the issuance of H shares and listing on the Hong Kong Stock Exchange has been set at 24 months from the date of approval by the company's shareholders' meeting. 15. Ningbo Sanxing Medical Electric: Plans to issue H shares and list on the Main Board of the Hong Kong Stock Exchange Ningbo Sanxing Medical Electric announced that the company held its 6th Board of Directors 28th meeting on March 30, 2026, and approved the proposal to issue shares (H shares) overseas and list on the Main Board of the Hong Kong Stock Exchange. The company plans to issue H shares on the Hong Kong Stock Exchange to meet the capital needs for business development and enhance internationalization. The plan is subject to approval by the shareholders' meeting and obtaining the relevant regulatory authorities' filing, approval, and/or clearance. The company is currently discussing specific details with intermediary institutions, and the issuance plan has not yet been finalized. 16. Zhuzhou Huarui Precision Cutting Tools.Co.,Ltd: Expected net profit to increase by 413% to 550% year-on-year in the first quarter, both quantity and price of products rise Zhuzhou Huarui Precision Cutting Tools.Co.,Ltd announced that it is expected to achieve a net profit attributable to the owners of the company of 150 million to 190 million yuan in the first quarter of 2026, an increase of 413.28% to 550.15% year-on-year. During the reporting period, with the background of continuous rise in the price of the main raw material tungsten carbide, the company, relying on its advantages in capital and scale, achieved a simultaneous increase in both production volume and price of products overall; in addition, with the growth in operating income leading to economies of scale, the company's period expenses have also decreased. Key Stock Movement Risk Alerts 1. Xinjiang Bai Hua Cun Pharma Tech: Planning for changes in control, stock suspended 2. Xinjiang Ba Yi Iron & Steel: Faces delisting risk warning due to negative net assets at the end of 2025 and continuous losses for three years 3. Shenzhen Zqgame: The company has applied for the removal of other risk warnings 4. 2 consecutive boards for Guizhou BC&TV Information Network: The company is not involved in computing-related businesses 5. Cubic Digital Technology: Stock enters the delisting consolidation period, with the abbreviation changed to "Cubic Retreat" 6. 2 consecutive boards for Jiangsu Lianhuan Pharmaceutical: The LH-1801 project cannot obtain listing approval in the short term 7. Zhejiang Yilida Ventilator: Controlling shareholder Zhejiang Merchants Assets plans for changes in control, stock suspended 8. Guangdong Hongxing Industrial: Director Su Qiweng sentenced to two months' detention for dangerous driving Important Company Performance Highlights 1. Extreme Rabbit Express: Operating income for the fiscal year 2025 was 12.158 billion US dollars, an 18.5% increase year-on-year 2. China Railway Construction Corporation: Net profit in 2025 was 18.363 billion yuan, a 17.34% decrease year-on-year 3. Huatai: Net profit in 2025 was 16.383 billion yuan, a 6.72% increase year-on-year 4. Yutong Bus Co., Ltd.: Net profit in 2025 was 5.554 billion yuan, a 34.94% increase year-on-year 5. Hisense Visual Technology: Net profit in 2025 was 2.454 billion yuan, a 9.24% increase year-on-year 6. Shanghai Zhenhua Heavy Industries: Net profit attributable to the parent in 2025 was 732 million yuan, a 37.17% increase year-on-year 7. Guangzhou Guangri Stock: Net profit in 2025 was 689 million yuan, a 15.07% decrease year-on-year 8. Bright Dairy & Food: Net loss of 1.49 billion yuan in 2025 9. Humanwell Healthcare: Net profit in 2025 was 18.55 billion yuan, a 39.53% increase year-on-year 10. Beijing Tongrentang: Net profit in 2025 was 11.89 billion yuan, a 22.07% decrease year-on-year 11. Shandong Hualu-Hengsheng Chemical: Net profit in 2025 was 33.15 billion yuan, a 15.04% decrease year-on-year 12. ZENERGY: Net profit in 2025 was 809 million yuan, a 788.4% increase year-on-year 13. Shanghai Electric Group: Net profit in 2025 was 1.206 billion yuan, a 60.3% increase year-on-year 14. Fushun Special Steel: Net loss of 805 million yuan in 2025 15. Joinn Laboratories: Net profit in 2025 was 298 million yuan, a 302.08% increase year-on-year 16. AVIC Shenyang Aircraft: Net profit in 2025 was 3.518 billion yuan, a 3.65% increase year-on-year 17. ZOOMLION: Net profit in 2025 was 4.858 billion yuan, a 38.01% increase year-on-year Buybacks & Shareholding Changes 1. Chongqing Sokon Industry Group Stock: Plans to repurchase shares for 1-2 billion yuan to reduce registered capital 2. Jiangsu Zhongtian Technology: Plans to repurchase company shares for 200 million to 400 million yuan 3. ZheJiang AoKang Shoes: Shareholder Xiang Jinyu has reduced holdings by 2.14% 4. Kunshan Dongwei Technology: Core technical staff Jiang Zejun has reduced holdings by 0.73% 5. Xiangpiaopiao Food: Shareholder Yang Dongyun has reduced holdings by 0.01% and transferred 5.11% through an agreement 6. XGIMI Tech Co., Ltd: Increases total amount for share repurchase to 1-2 billion yuan 7. Touchstone International Medical Science Co., Ltd.: Chairman proposes share buyback for employee incentives Large Order Signings 1. Yantai Jereh Oilfield Services Group: Signs a 23.59 billion yuan sales contract for gas turbine generator sets 2. Hongrun Construction Group: Subsidiary signs a 3.5 billion yuan EPC contract for photovoltaic power generation projects 3. China CSSC: Signs shipbuilding contracts worth 80 billion to 90 billion yuan 4. China Merchants Energy Shipping: Orders 10 VLCC tankers with a total price of about 8.566 billion yuan 5. Shaoxing Xingxin New Materials: Signs a 5.55 billion yuan agreement for electronic chemical projects This article is compiled from Tencent's self-selected stocks, edited by GMTEight: Xu Wenqiang.