Selected Announcement of A-shares | Huaxin Building Materials Group (600801.SH) expects a net profit growth of 126%-213% year-on-year in the first quarter.

Today's Focus 1. MNSO: Adjusted net profit for the first quarter was RMB 853 million, a year-on-year increase of 7.6% MNSO announced that the revenue for the first quarter of 2026 was RMB 6.254 billion, a year-on-year increase of 32.7%. The adjusted net profit was RMB 853 million, a year-on-year increase of 7.6%. The total revenue for the full year of 2025 was RMB 21.444 billion, a year-on-year increase of 26.2%. The adjusted net profit was RMB 2.898 billion, a year-on-year increase of 6.5%. 2. Jiangsu Yinhe Electronics: Subsidiary convicted of unit bribery, fined RMB 3 million Jiangsu Yinhe Electronics announced that its wholly-owned subsidiary, Hefei Tongzhi Mechanical and Electrical Control Technology Co., Ltd., recently received a court judgment. Tongzhi Mechanical and Electrical were convicted of unit bribery and fined RMB 3 million; the former legal representative Zhang Hong was convicted of unit bribery and sentenced to two years and six months in prison, with a fine of RMB 4 million. The company believes that this situation does not trigger major violations that would lead to forced delisting. The company has strengthened internal management in accordance with regulations, optimized the internal management team and business operation model within the business sector, and minimized the losses and impacts during the period when Tongzhi Mechanical and Electrical is prohibited from purchasing equipment. The company will continue to guide Tongzhi Mechanical and Electrical in its business operations. 3. TCL ELECTRONICS: Plans to establish a joint venture company to take over Sony's home entertainment business TCL ELECTRONICS announced that its indirectly wholly-owned subsidiary TTE Corporation has signed a transaction framework agreement with Sony to establish a joint venture company to take over the home entertainment business and purchase all SOEM shares of Sony. The transaction price is JPY 75.399 billion, equivalent to approximately HKD 3.781 billion. 4. Jiangsu Zhongli Group: Incorrect disclosure of operating income in quarterly reports for 2024, issued a warning letter Jiangsu Zhongli Group announced that the company and related personnel recently received a decision from the Jiangsu Securities Regulatory Bureau regarding issuing a warning letter to Jiangsu Zhongli Group Co., Ltd. and related personnel. The company corrected errors in the 2024 third quarter financial report by changing the recognition method of photovoltaic business revenue from total amount method to net amount method, resulting in adjustments to operating income in the first quarter, half year, and third quarter of 2024 by decreasing RMB 281 million, RMB 558 million, and RMB 658 million respectively. The relevant information disclosure was found to be inaccurate. Jiangsu Securities Regulatory Bureau decided to issue a warning letter to the company, then-Chairman Wang Weifeng, and then-Chief Financial Officer Xu Juncheng, and record it in the securities and futures market integrity file. 5. Western Metal Materials: Controlling shareholder Northwest Nonferrous Metals Research Institute plans to reduce its company's shares by no more than 1% Western Metal Materials announced that its controlling shareholder Northwest Nonferrous Metals Research Institute plans to reduce the company's shares by no more than 4.8821 million shares, representing 1% of the total share capital, within three months after fifteen trading days from the date of the announcement through centralized bidding or block trading. The reason for the reduction is the shareholder's own capital needs. 6. Zhejiang Hailiang: Controlled subsidiary plans to invest RMB 5.05 billion to build a project with an annual production capacity of 67,500 tons of copper foil Zhejiang Hailiang announced that its controlled subsidiary, Gansu Hailiang New Energy Materials Co., Ltd., plans to invest in and construct a project with an annual production capacity of 67,500 tons of copper foil in Zhuji, Zhejiang. The project will be implemented by the newly established wholly-owned subsidiary Zhejiang Hailiang New Energy Materials Co., Ltd., in three phases with a total estimated investment of RMB 5.05 billion, including fixed asset investments of RMB 3.85 billion. Once fully operational, it will have an annual production capacity of approximately 67,500 tons of electrolytic copper foil. The investment aims to strengthen the company's strategic layout in the new energy materials industry, improve its core competitiveness in the long run, and is subject to approval by the shareholders' meeting and relevant procedures. 7. Huaxin Building Materials Group: Expects net profit to increase by 126%-213% year-on-year in the first quarter of 2026 Huaxin Building Materials Group announced that it expects to achieve a net profit attributable to shareholders of the company of RMB 520 million to RMB 720 million in the first quarter of 2026, an increase of 126% to 213%. The significant growth in performance during the reporting period is mainly attributed to the steady release of overseas production capacity, which provides strong support for sales volume increase and drives overall operational results to continue improving. 8. Zhejiang Hongchang Electrical Technology: Company participates in establishing a fund holding 5.5046% equity in Zhang Xue Motorcycle, with minimal impact on the company Zhejiang Hongchang Electrical Technology announced that the company has recently noticed the high level of market attention on the news of Zhang Xue Motorcycle winning the championship in the WorldSSP group of the World Superbike Championship in Portugal, and the reported indirect investment by the company in Zhang Xue Motorcycle. The company clarified the matter as follows: In August 2025, the company, as a limited partner, invested in Jinyi Zhi Chuang Ji Yi Zhi Kong Chuang Ye Tou Zi He Huo Qi Ye (You Xian He Huo) ("Jinyi Zhi Chuang Fund") together with other partners, with a total subscription amount of RMB 503 million, of which the company subscribed with its own funds of RMB 150 million, representing a 29.82% contribution ratio. In January 2026, Jinyi Zhi Chuang Fund completed an investment in Chongqing Zhang Xue Motorcycle Industrial Co., Ltd., and in March 2026, the company completed the industrial and commercial change. After the investment, the fund holds 5.5046% equity in Zhang Xue Motorcycle. This investment by the company has minimal impact. 9. Avary Holding: Significant growth expected in the business of optoelectronic module panels, revenue expected to increase several times this year Avary Holding announced that the company's client expansion and business advancement in the computing power field are progressing smoothly. Specifically, the business growth of the optoelectronic module panel sector has seen significant progress, with revenue expected to increase several times this year. At the same time, the company is steadily advancing the mass production technology accumulation and capacity ramp-up of high-layer board products, continuously deepening its business layout. The company's capital expenditure pace is dynamically adjusted based on actual market demand, industry development trends, and company strategic layout. Combined with the explosive demand for PCB and related supporting products brought about by the rapid development of the AI industry, it is expected that the company's capital expenditure will be at a peak for the next two years. 10. Shandong Sinoglory Health Food: Planned change of controlling rights by major shareholder, trading to be suspended from tomorrow Shandong Sinoglory Health Food announced that the company recently received a notification from the actual controller Zhang Guanling, informing them that she and the major shareholders of the company are planning a share transfer, which may lead to a change in the actual controller of the company. Currently, all parties are conducting demonstrations and negotiations on specific plans. Due to the significant uncertainty of the matter and to protect the interests of investors, the company's stock will be suspended from trading starting from April 1, 2026. The suspension is expected to last no more than two trading days. 11. Liuzhou Liangmianzhen: Change of actual controller to become Guangxi Zhuang Autonomous Region State-owned Assets Supervision and Administration Commission, trading to resume from tomorrow Liuzhou Liangmianzhen announced that its controlling shareholder, Guangxi Liuzhou Industrial Investment Development Group Co., Ltd., and its concerted action person signed a "Share Transfer Agreement" with Guangxi State-owned Capital Operation Group Co., Ltd. on March 31, transferring a total of 154 million shares (28% of the total share capital) at an approximate total price of RMB 1.228 billion. Upon completion of the transaction, the company's controlling shareholder will change to Guangxi State-owned Capital Operation Group Co., Ltd., and the actual controller will change from Liuzhou State-owned Assets Supervision and Administration Commission to Guangxi Zhuang Autonomous Region State-owned Assets Supervision and Administration Commission. The company's stock will resume trading on April 1. 12. Zhejiang Rongsheng Environmental Protection Paper Joint Stock: Intends to distribute a cash dividend of RMB 1.1 per share to all shareholders (including taxes) Zhejiang Rongsheng Environmental Protection Paper Joint Stock announced its intention to distribute a cash dividend of RMB 1.1 per share (including taxes) to all shareholders. As of the date of this announcement, the company's total share capital is 320 million shares, reduced by 7.7166 million shares repurchased by the company, resulting in a total share capital of 313 million shares. Based on this calculation, the total intended cash dividend to be distributed is RMB 344 million (including taxes), which accounts for 153.74% of the net profit attributable to the company's shareholders in this period. Therefore, the total cash dividend for the current year amounts to RMB 598 million (including a cash dividend of RMB 25,374,641.986 already distributed in mid-2025). This distribution will not include bonus shares or capital reserve fund capitalization. 13. Shenzhen Woer Heat-shrinkable Material: Net profit for 2025 was RMB 1.144 billion, an increase of 34.96% year-on-year Shenzhen Woer Heat-shrinkable Material announced that the operating income for 2025 was RMB 8.451 billion, an increase of 22.00% year-on-year. The net profit was RMB 1.144 billion, an increase of 34.96% year-on-year. The board of directors approved a profit distribution plan, based on a total share capital of 1.4 billion shares (excluding the 10.2836 million repurchased shares held in the repurchase account), with a remaining total of 1.39 billion shares. According to this, a cash dividend of RMB 1.65 (including taxes) will be distributed to all shareholders for every 10 shares, with no bonus shares issued (including taxes) and no capital reserve fund capitalization. 14. Staidson: Faces multiple risks for innovative bio-products projects, including potential trial delays Staidson announced that the company's stock has experienced abnormal trading fluctuations, exceeding a 30% deviation from the closing price for three consecutive trading days, resulting in unusual stock trading. The company's ongoing projects relate to innovative bio-products. Innovative biopharmaceuticals have high-tech, high-risk, and high value-added characteristics. The length of the research, clinical trials, approval process, and production cycle for innovative biopharmaceuticals is long and complex, vulnerable to various influencing factors such as technological, approval, and policy-related challenges. The company faces risks such as potential delays in clinical trial progress, unexpected clinical trial results, and possible delays in drug approval for market entry. Investors are advised to make cautious decisions and be aware of investment risks. 15. Chengtun Mining Group: Expects net profit to increase by 226%-295% year-on-year in the first quarter Chengtun Mining Group announced that it expects to achieve a net profit attributable to shareholders of the company of RMB 950 million to RMB 1.15 billion in the first quarter of 2026, an increase of 226.27% to 294.95% compared to the same period last year. The expected performance increase is mainly due to the growth in copper product volume and price. During the reporting period, the Congo (Kinshasa) copper-cobalt project achieved a year-on-year increase in copper product output, while copper prices maintained historical highs, rising compared to the same period last year, contributing to the year-on-year performance increase. Stock Movement Risk Alerts 1. Shenzhen Changfang Group: Applying for restructuring and pre-restructuring by creditors 2. Joinn Laboratories: Undisclosed major events not disclosed in stock trading 3. Rastar Environmental Protection Materials: Planned transfer of equity by the actual controller leading to stock price fluctuations 4. YOUNGY Co.,Ltd.: Subsidiaries to pay a total of RMB 45.04 million in overdue taxes for the years 2020 to 2024 5. Shuhua Sports: Abnormal fluctuations in stock trading 6. Zhejiang Hongchang Electrical Technology: Clarification on indirect investment in "Zhang Xue Motorcycle" 7. Shandong Sinoglory Health Food: Planned change in controlling rights, trading to be suspended from tomorrow 8. Hangzhou Hopechart Iot Technology Co., Ltd.: Two-wheeled vehicle business currently accounts for a small proportion of company revenue Key Company Performance Overview 1. LEGENDHOLDING: Net profit of RMB 9.799 billion in 2025, a 28% increase year-on-year 2. ShenZhen HuiJie Group: Net profit of RMB 54.8165 million in 2025, a 30.66% decrease year-on-year 3. StarPower Semiconductor: Net profit of RMB 405 million in 2025, a 20.20% decrease year-on-year 4. Shanghai International Port: Net profit of RMB 13.565 billion in 2025, a 9.29% decrease year-on-year 5. Zhejiang Rongsheng Environmental Protection Paper Joint Stock: Net profit of RMB 2.24 billion in 2025, a 21.86% decrease year-on-year 6. Huaxin Building Materials Group: Expects a net profit of RMB 5.20 billion to RMB 7.20 billion in the first quarter of 2026 7. Zheshang: Net profit of RMB 2.843 billion in 2025, a 41.64% increase year-on-year 8. Joincare Pharmaceutical Group Industry: Net profit of RMB 1.336 billion in 2025, a 3.68% decrease year-on-year 9. Kuaijishan Shaoxing Rice Wine: Net profit of RMB 2.45 billion in 2025, a 24.70% increase year-on-year 10. Shanghai Mobitech Technology: Net profit of RMB 1.73 billion in 2025, a 1.31% increase year-on-year 11. Sangfor Technologies Inc.: Net profit of RMB 3.93 billion in 2025, a 99.52% increase year-on-year 12. China Three Gorges Renewables: Net profit of RMB 36.69 billion in 2025, a 39.94% decrease year-on-year 13. Sungrow Power Supply: Net profit of RMB 13.5 billion in 2025, a 22% increase year-on-year 14. Shandong Molong Petroleum Machinery: Net profit of RMB 5.1556 million in 2025, a 111.80% increase year-on-year Buybacks & Shareholding Changes 1. Spring Airlines: Controlling shareholder proposes a share buyback of RMB 300 million to RMB 500 million 2. iSoftStone Information Technology: Plans to repurchase company shares worth RMB 100 million to RMB 200 million 3. Fujian Longking: First share repurchase of 0.0738% of the company's shares, with a total repurchase amount of RMB 16.7234 million 4. Assure Tech: Plans to repurchase shares worth RMB 25 million to RMB 49 million 5. Shanghai Conglin Environmental Protection Technology: Plans to repurchase company shares worth RMB 25 million to RMB 50 million 6. Aurisco Pharmaceutical: Director Chu Yizhou has reduced holdings by 0.98% 7. Sichuan Road & Bridge Group: Plans to acquire a 49% stake in Sichuan Railway Construction for RMB 682 million 8. Shandong Iron And Steel: Plans to transfer 32.8649% equity in Shanxin Software for RMB 181 million 9. Hangzhou Token Ink: Shareholder T&K TOKA plans to reduce holdings by not more than 3% 10. Hunan Er-kang Pharmaceutical: Controlling shareholder Shuai Fangwen plans to reduce holdings by not more than 2.04% 11. Hangzhou Shunwang Technology: Plans to acquire a 32.34% stake in Shaoxing Future Mountain Sea 12. Hebei Gongda Keya Technology Group: China System plans to transfer 10.54% of the company's shares 13. CoCreation Grass: Shareholders plan to collectively reduce holdings by not more than 1.0% 14. Jiangxi Huangshanghuang Group Food: Controlling shareholder and concerted action person terminate the agreement to transfer 5.88% of the company's shares Large Orders 1. Shanghai Metersbonwe Fashion & Accessories: Signs significant contract with affiliate Xin Neng Textile for an amount not exceeding RMB 1 billion 2. Henan Pinggao Electric: Approximately RMB 1.223 billion worth of projects awarded by State Grid 3. FULONGMA GROUP: Won 3 environmental service projects in March 4. Jiangsu Linyang Energy: Awarded RMB 55.576 million metering equipment project by State Grid 5. Changgao Electric Group: Subsidiaries awarded a total of RMB 1.81 billion worth of State Grid procurement projects 6. Wuhu Token Sciences: Subsidiary signs RMB 262 million computing power service contract This article is translated from Tencent Stock Picks, GMTEight Editor: Chen Wenfang.