Latest update on major events announcements of Shanghai and Shenzhen listed companies on the evening of February 4

Several listed companies in the Shanghai and Shenzhen markets released announcements on the evening of February 4. Here is a summary of the important notices.

【Major Events】

GCL Group: Today, Elon Musk’s affiliated company team visited for inspection

On February 4, regarding rumors that Elon Musk’s SpaceX and other teams recently visited several photovoltaic companies in China, a relevant person from GCL Group responded to Securities Times that today, Musk’s affiliated company team inspected GCL Group. The team learned about GCL’s polysilicon and perovskite business layouts in the United States.

Jin Jing Technology: As of now, the TCO glass industry market remains relatively small

Jin Jing Technology (600586) issued an abnormal trading fluctuation announcement on February 4, stating that the company’s stock price has deviated by more than 20% in cumulative terms over three consecutive trading days. The company noted market attention to the progress of the TCO glass market. As of now, the TCO glass industry market remains relatively small, and preliminary statistics show that from January to September 2025, TCO glass sales revenue accounts for a low proportion of the current operating income, having little impact on the current operating revenue.

Changguang Huaxin: Rumors that “Huawei’s strategic investment of 4.5 billion yuan in the company” are false

An investor asked Changguang Huaxin (688048) on the interactive platform: There are articles circulating online claiming “Huawei’s strategic investment of 4.5 billion yuan in Changguang Huaxin.” Is this true? Changguang Huaxin stated that the article fabricated the news that “Huawei made a strategic investment of 4.5 billion yuan,” which has no factual basis and is false information. Currently, this false article has misled domestic and international partners, negatively affecting the company’s overseas business layout and market expansion. The company strongly condemns this. All major cooperation and capital operations will be disclosed in a timely and accurate manner through official channels. Please refer to the official information released by the company.

Hegang Resources: South African subsidiary suspends underground mining due to flooding

Hegang Resources (000923) announced on February 4 that recently, due to continuous heavy rainfall and regional flooding, the company’s subsidiary, Palabora Copper, located in Limpopo Province and neighboring Pumalanga Province in South Africa, experienced the most severe flooding since 2000. Water from open pits and surrounding runoff entered the mine, causing water accumulation in parts of the Phase I and Phase II copper tunnels, flooding some key facilities (no casualties). Palabora Copper has recently suspended underground mining and construction activities, focusing on drainage, equipment maintenance, and safety hazard inspections. The disaster is expected to impact copper production for about two months. The direct economic losses (including equipment damage, material scrapping, emergency expenses, etc.) are temporarily unassessable. The company has initiated insurance claims and is actively promoting post-disaster recovery. Due to the disruption caused to underground operations, the annual production and sales plan may be adversely affected.

Hongchang Technology: Plans to acquire 21% of Liangzhi Joint’s shares for 54.6 million yuan to gain control

Hongchang Technology (301008) announced on February 4 that to further expand its core components business related to robotics, it plans to acquire a total of 21% of Liangzhi Joint’s shares held by Rosteca Drive Equipment (Zhejiang) Co., Ltd., Zhou Jianping, and Fang Tao, for a total of 54.6 million yuan. After the acquisition, the company will hold 51% of Liangzhi Joint, becoming its controlling shareholder.

Shuangliang Eco-Energy: Company currently has no related space photovoltaic business

Shuangliang Eco-Energy (600481) announced on February 4 that recent market attention to concepts like “commercial spaceflight” and “space photovoltaics” has increased, and related stocks have shown active market performance. The company has not recognized any revenue related to commercial space projects in the past two years, and the development of such business remains uncertain. Its main photovoltaic products include polysilicon reduction furnaces, monocrystalline silicon, and high-efficiency photovoltaic modules. Currently, “space photovoltaics” applications are still in the exploratory stage, with significant uncertainties in industrialization. The company has not yet engaged in space photovoltaic business, which does not materially impact its current performance.

Jingsheng Electromechanical: “Space photovoltaics” application remains in exploration stage

Jingsheng Electromechanical (300316) announced on February 4 that its stock price has increased by more than 30% in three consecutive trading days. Recently, market attention to “space photovoltaics” has risen, and the sector is highly active. The “space photovoltaics” application remains in the exploratory phase, with industrialization facing uncertainties. The company’s main business includes the R&D, production, and sales of equipment for the photovoltaic industry chain such as wafers, cells, and modules, as well as auxiliary materials like quartz crucibles and diamond wire. As market interest in photovoltaics increases, investor expectations for future business expansion may be indirectly affected. The company reminds investors to recognize market risks, avoid blindly chasing hot concepts, and make cautious, rational investment decisions to prevent investment risks caused by speculative hype.

Tian Tong Co.: The company does not produce commercial satellites or optical modules

Tian Tong Co. (600330) issued a risk warning announcement on February 4, stating that recent attention due to concepts like “commercial spaceflight,” “lithium niobate crystals,” and “CPO” has increased. The company’s main business remains unchanged; it does not produce commercial satellites. The lithium niobate crystal project involves the company’s “large-size RF piezoelectric wafer project,” which is a fundraising project with a construction period extended to December 2029. The project has not yet been completed and has not generated stable income. The company’s main business remains unchanged, and it does not produce optical modules.

Shanghai Pharmaceuticals: Plans to transfer at least 1 billion yuan for 30% of Bristol-Myers Squibb China

Shanghai Pharmaceuticals (601607) announced on February 4 that it intends to transfer at least 10.23 billion yuan through public listing to sell 30% of its stake in Sino-American Bristol-Myers Squibb Pharmaceutical Co., Ltd. Additionally, its subsidiary Changzhou Pharmaceutical Factory received a “Drug Registration Certificate” from the National Medical Products Administration for its Sitagliptin and Metformin sustained-release tablets, which have been approved for production.

China Galaxy: Approved to issue up to 20 billion yuan of subordinated bonds

China Galaxy (601881) announced on February 4 that it recently received approval from the China Securities Regulatory Commission (CSRC) to issue subordinated bonds with a total face value of no more than 200 billion yuan. The approval is valid for 24 months from the date of approval, and the company can issue the bonds in installments within this period.

Lianya: Plans to invest up to 100 million yuan in a fund, which will focus on non-listed companies in the commercial space sector

Lianya (300296) announced on February 4 that it signed a “Limited Partnership Agreement” with Shenzhen Qianhai Junchuan Investment Management Co., Ltd., and Zhongting Investment Holding Co., Ltd. The “Qingcheng Dao Ying Sheng Yuan Venture Capital Partnership (Limited Partnership)” aims to raise 300 million yuan and will focus on investing in non-listed companies in the commercial space field. The company, as a limited partner, plans to subscribe for up to 100 million yuan, representing 33.33% of the fund.

Guosheng Technology: Currently not involved in space photovoltaics

Guosheng Technology (603778) announced on February 4 that some media reports claimed the company provides HJT photovoltaic systems for a certain commercial space company and is involved in space photovoltaics. The company’s heterojunction (HJT) battery modules are mainly used in centralized and distributed power stations. The company is not involved in space photovoltaics at present. Investors are advised to make rational judgments.

Hainan Mining: Planning to acquire Fengrui Fluorine’s controlling stake and continues suspension

Hainan Mining (601969) announced on February 4 that it is planning to acquire the controlling stake of Luoyang Fengrui Fluorine Co., Ltd. through issuing shares and cash, and is raising supporting funds. The company and relevant parties are actively advancing this transaction. The company’s A-shares will remain suspended.

Guangyang Co.: Signed strategic cooperation agreements with Shenzhen Xuan Chuang Robotics and others

Guangyang Co. (002708) announced on February 4 that it recently signed strategic cooperation agreements with Shenzhen Xuan Chuang Robotics Co., Ltd. and Huangshan Guangyang Robotics Co., Ltd., to collaborate on a full range of products for special-purpose robots, aiming to develop, produce, and sell high-end special-purpose robot products, enhancing core competitiveness and brand value.

Dabeinong: Actual controller and chairman Shao Genhuo passed away due to illness

Dabeinong (002385) announced on February 4 that its actual controller and chairman Shao Genhuo passed away due to illness on February 3, 2026, at age 60. According to the company’s articles of association, Vice Chairman Zhang Lizhong will assume the duties of chairman until a new chairman is elected by the board. The company’s board and senior management are performing their duties normally, and all operations are proceeding as usual.

Chengzhi Co.: Subsidiary’s ultra-high molecular weight polyethylene project successfully trial-produced

Chengzhi Co. (000990) announced on February 4 that its wholly owned subsidiary Qingdao Chengzhi Huaxing Chemical New Materials Co., Ltd. completed the installation, debugging, and trial production preparations for its ultra-high molecular weight polyethylene project. Recently, the plant successfully completed a single feed trial run, with stable operation and the production of uniform, high-quality particles.

Qianli Technology: Subsidiary Qianli Zhijia has officially applied for L3 intelligent driving test license

Qianli Technology (601777) stated on the interactive platform on February 4 that its subsidiary Qianli Zhijia has the capability for L3-level intelligent driving technology. It is currently cooperating fully with the Ministry of Industry and Information Technology to conduct on-site verification and road testing, and has officially submitted an application for the L3 intelligent driving test license.

【Performance Highlights】

Guangbo Technology: Net profit of 281 million yuan in 2025, up 18.34% year-on-year

Guangbo Technology (300019) released an earnings report on February 4, stating that in 2025, it achieved a total operating revenue of 3.752 billion yuan, up 18.76% year-on-year; net profit attributable to shareholders was 281 million yuan, up 18.34%; basic earnings per share were 0.715 yuan. In 2025, the organic silicon industry faced overall pressure, with sufficient upstream raw materials and low-price fluctuations. Downstream industries maintained stable development, and technological upgrades and product updates brought new opportunities for organic silicon applications. The company’s annual production and sales hit new highs, with total sales weight reaching 307,500 tons, an increase of 25.45%.

Qilu Bank: Net profit of 5.713 billion yuan in 2025, up 14.58% year-on-year

Qilu Bank (601665) disclosed its performance report on February 4, showing that in 2025, operating income was 13.135 billion yuan, up 5.12%; net profit attributable to shareholders was 5.713 billion yuan, up 14.58%; basic earnings per share were 1 yuan. As of the end of 2025, the non-performing loan ratio was 1.05%, down 0.14 percentage points from the previous year; the provision coverage ratio was 355.91%, up 33.53 percentage points.

China National Machinery Heavy Industry: Net profit of 479 million yuan in 2025, up 10.89%

China National Machinery Heavy Industry (601399) announced on February 4 that its 2025 revenue was 13.885 billion yuan, up 9.56%; net profit was 479 million yuan, up 10.89%; basic earnings per share were 0.07 yuan.

ST Tianshan: Livestock sales revenue in January was 0.72 million yuan, down 99.83% year-on-year

*ST Tianshan (300313) announced on February 4 that in January 2026, the company sold 5 live animals, with sales revenue of 0.72 million yuan, decreasing by 99.74% and 99.97% respectively compared to the previous month; and decreasing by 98.91% and 99.83% respectively compared to the same period last year. The reduction in livestock sales volume and revenue in January is mainly due to previous concentrated sales to meet market demand, which is a normal seasonal adjustment.

Chongqing Brewery: Net profit of 1.231 billion yuan in 2025, up 10.43% year-on-year

Chongqing Brewery (600132) announced on February 4 that its 2025 revenue was 14.722 billion yuan, up 0.53%; net profit was 1.231 billion yuan, up 10.43%; basic earnings per share were 2.54 yuan. In 2025, sales volume increased by 0.68% year-on-year, and total revenue grew steadily. Cost savings from raw material price declines and supply chain optimization also contributed to higher gross profit margins.

Huanxu Electronics: Net profit of 1.853 billion yuan in 2025, up 12.16%

Huanxu Electronics (601231) announced on February 4 that its 2025 revenue was 59.195 billion yuan, down 2.46%; net profit was 1.853 billion yuan, up 12.16%; basic earnings per share were 0.85 yuan. During the period, revenue from communication products decreased by 11.53% mainly due to lower procurement costs leading to product price reductions; revenue from consumer electronics increased by 10.92%; revenue from automotive electronics decreased by 24.45% due to reduced outsourcing orders, weaker customer demand, and changes in consolidation scope.

【Shareholding Changes】

Kaipu Biotech: Yunnan Zhonghe plans to reduce holdings by up to 3%

Kaipu Biotech (300639) announced on February 4 that shareholder Yunnan Zhonghe Enterprise Management Co., Ltd. (referred to as “Yunnan Zhonghe”) holding 6.21% of shares plans to reduce its holdings by no more than 19.395 million shares (3% of total share capital) through centralized bidding or block trades within 3 months after 15 trading days.

Changan Automobile: Planning to buy back 1 billion to 2 billion yuan of A and B shares

Changan Automobile (000625) announced on February 4 that it plans to repurchase shares worth 1 billion to 2 billion yuan. Of this, at least 700 million and no more than 1.4 billion yuan will be used to buy back A-shares; at least 300 million and no more than 600 million yuan for B-shares. The purpose is to reduce registered capital. The plan is currently under planning.

Everbright Jebao: Jiading Jianye and others plan to reduce holdings by no more than 1%

Everbright Jebao (600622) announced on February 4 that Shanghai Jiading Jianye Investment Development Co., Ltd. and Shanghai Jiading Technology Investment (Group) Co., Ltd., acting in concert, hold 14.08% of the company’s shares. They plan to reduce their holdings by no more than 14.9969 million shares (1% of total share capital) through centralized bidding.

Jiangshan Oupai: Shareholder Wang Zhong plans to reduce holdings by no more than 3%

Jiangshan Oupai (603208) announced on February 4 that shareholder Wang Zhong, holding 22.94% of shares, plans to reduce holdings by no more than 5.3151 million shares (no more than 3% of total shares) through centralized bidding and block trades.

Qingda Environmental Protection: Bihuan Environmental plans to reduce holdings by no more than 3%

Qingda Environmental Protection (688501) announced on February 4 that Bihuan Environmental Technology Co., Ltd. holds 7.54% of the company’s shares and plans to reduce holdings by no more than 3.7268 million shares (no more than 3% of total share capital) through centralized bidding and block trades.

Fuguang Co.: Fujian State-owned Assets Supervision and Administration Commission plans to reduce holdings by no more than 3%

Fuguang Co. (688010) announced on February 4 that Fujian State-owned Assets Supervision and Administration Commission holds 12.94% of shares and plans to reduce holdings by no more than 4.8168 million shares (no more than 3% of total share capital) via centralized bidding and block trades.

Pianzaihuang: Controlling shareholder obtains a special loan commitment letter for up to 450 million yuan for additional holdings

Pianzaihuang (600436) announced on February 4 that previously, the controlling shareholder Jiulong River Group planned to increase holdings by 300 million to 500 million yuan. Recently, Industrial and Commercial Bank of China Zhangzhou Branch issued a “Loan Commitment Letter” supporting a special loan of up to 450 million yuan for Jiulong River Group’s share increase, with a term of 3 years.

Kangsite: Shareholders Pu Jiangchuan and Liu Baoqi plan to reduce holdings by no more than 3.38%

Kangsite (300445) announced on February 4 that shareholder Pu Jiangchuan, holding 9.17%, plans to reduce holdings by no more than 2.98 million shares (1.40% of total shares) via block trades. Shareholder and director Liu Baoqi, holding 9.65%, plans to reduce holdings by no more than 4.2 million shares (1.98% of total shares).

【Major Contracts】

Guangdong Construction: Jointly wins 1.524 billion yuan lithium battery intelligent manufacturing project

Guangdong Construction (002060) announced on February 4 that its wholly owned subsidiary Guangdong Sijian (leader) and China United Design Co., Ltd. formed a consortium and won the “Annual Production of 2GWh Solid-State Lithium Battery Intelligent Manufacturing (Yugan, Jiangxi) Production Base Project” with a bid amount of 1.524 billion yuan. The formal contract has not yet been signed.

CSSC Defense: Controlling subsidiary signs 16 container ship construction contracts

CSSC Defense (600685) announced on February 4 that its controlling subsidiary, CSSC Huangpu Wenchong Shipbuilding Co., Ltd., signed contracts for 16 container ships with EVERGREEN MARINE (ASIA) PTE. LTD., with a total contract value between 736 million USD and 896 million USD.

Sailor: Controlling subsidiary awarded project for Korean battery client

Sailor (300382) announced on February 4 that its subsidiary Changzhou Laike Wang Precision Manufacturing Co., Ltd. received a “Project Award Letter” from a Korean battery client. Laike Wang has been designated as the supplier for this project, providing cylindrical battery cases. The project is planned from 2027 to 2031, with an estimated total procurement of about 360 million cylindrical battery cases.

Beixin Road and Bridge: Jointly wins 1.145 billion yuan EPC project

Beixin Road and Bridge (002307) announced on February 4 that the joint ventures led by Changjiang Wuhan Navigation Engineering Bureau and its subsidiaries Anhui Beixin Construction Engineering Co., Ltd. and Hebei Zhedian Construction Engineering Co., Ltd. were awarded the first bid section of the Wanjing Bulk Sand and Gravel Distribution (Public Rail) Transport Center Wharf Project; and the joint venture led by the company and Changjiang Wuhan Navigation Engineering Bureau was awarded the second bid section. The total bid amount for the two sections is 1.145 billion yuan.

Chinese Online: Plans to cooperate with Tencent for animation micro-short剧 licensing

Chinese Online (300364) announced on February 4 that the company and its subsidiaries plan to cooperate with related party Tencent Computer System Co., Ltd. on licensing of animation micro-shorts. The cooperation involves uploading completed animation micro-shorts to Tencent Video’s creation service platform according to the agreement and contract terms, with an expected cooperation amount of 23.2 million yuan.

Yinbang Co.: Received sales order from Holtec, estimated amount about 280 million yuan

Yinbang Co. (300337) announced on February 4 that on February 3, it received a “Sales Order” from HOLTEC ASIA PRIVATE LIMITED (“Holtec”). The company will supply aluminum-steel composite materials and aluminum-aluminum composite materials according to Holtec’s operational plans. The order amount (excluding tax) is estimated at about 280 million yuan, with a two-year fulfillment period. Successful execution of the order will boost the company’s revenue and profit in 2026 and 2027.

Huibo Pu: Signed a 225 million USD contract for Naft Khana oilfield restart project

Huibo Pu (002554) announced on February 4 that it recently signed a contract for the Naft Khana oilfield restart project with NK Oil Company and its Iraq branch in Iraq. The contract amount is 225 million USD (about 1.596 billion yuan), accounting for 61.20% of the company’s 2024 revenue. If the contract is smoothly implemented, it is expected to have a positive impact on the company’s operations in 2026—2027 and future years.