February 5, 2026 Pre-market Hot Events

No.1 Pre-market Hot Events

I. Yesterday’s Hot Topics

Mergers & Acquisitions Announcements: Kailong Gaoke, Han Jian Heshan, Minbao Optoelectronics

Space Photovoltaics: Shuangliang Energy Saving, Amaton

Coal: Shaanxi Black Cat, Yankuang Energy

Hydrogen Energy: Jingcheng Co., Ltd., Shenghui Technology

Real Estate: Jingtou Development, Caixin Development

Commercial Aerospace: Julii Rigging

Power Grid: Hangdian Co., Ltd., Shunnao Co., Ltd.

II. Mainland China to Resume Travel for Shanghai Residents to Kinmen and Matsu Soon

According to the Ministry of Culture and Tourism, to further promote the normalization of cross-strait personnel exchanges and regularized cooperation across various fields, the mainland will soon resume travel for Shanghai residents to Kinmen and Matsu.

Fujian: Pingtan Development, Straits Innovation, Xiamen Port, Xiamen Airport

III. Promoting Healthy and Orderly Development of New Performance Venues

The Ministry of Culture and Tourism and the National Fire Rescue Bureau recently issued the “Notice on Promoting the Healthy and Orderly Development of New Performance Venues.” In recent years, various new performance spaces such as “New Performance Spaces” and Live Houses (live music venues) have flourished, and immersive performances have become widely popular. The “Notice” clearly requires optimizing approval and filing services, creating a favorable business environment, strengthening market cultivation, promoting innovative integration, implementing safety responsibilities, and consciously maintaining order in the performance market.

Performing Arts: Songcheng Performing Arts, Fengshang Culture, Sanxiang Impression, Qujiang Cultural Tourism

IV. The First Satellite Testing and Launch Technology Factory in Commercial Aerospace Born, Single-Arrow Launch Efficiency Increased by 100%

Tianbing Technology announced on its official WeChat account on February 4 that its Jiuquan Satellite Testing and Launch Technology Factory recently passed pre-acceptance review. This is the first satellite testing and launch technology factory in China’s commercial aerospace sector. The establishment of the Jiuquan satellite factory marks Tianbing Technology’s full chain closed-loop from self-developed rockets, large-scale intelligent manufacturing, to testing and launching, officially moving toward engineering applications, with future potential to double single-rocket launch efficiency.

Haixiang Pharmaceutical: Participating Fund Holds Tianbing Technology Shares (IPO counseling initiated)

Zhongheng Design: Awarded the contract for Tianbing Technology’s carrier rocket and engine intelligent manufacturing base

Chaojie Co., Ltd.: Supporting Tianbing Technology with Tianlong series liquid rocket body structural components

Feiwo Technology: Supplier of fasteners for Tianbing Technology

V. Industry News

1. Mooresoft announced the launch of AI Coding Plan, an intelligent programming service, the first built on a domestically produced full-function GPU computing platform.

2. Rumor: Long March 10A rocket first test flight scheduled for the morning of February 11. (Aerospace Engineering, Julii Rigging)

3. Guangdong: Expanding public transportation operations for autonomous vehicles, increasing testing and demonstration of intelligent connected vehicles on roads. (Zhejiang Shibao, Wanjie Technology)

4. Bromine prices increased by 23% in the past month. (Shandong Haihua, Lubao Chemical)

5. Wacker Chemie announced that from February 1, it will implement a price increase of 25% or more on its silicone products. (Dongyue Silicone, Hesong Silicon)

6. Guoxing Aerospace’s Taizhou Computing Power Satellite Innovation Base officially launched, enhancing the overall capability of computing power satellites.

7. On February 4, China and Russia held a video conference, and there was a call between China and the US.

8. China Photovoltaic Industry Association: Space photovoltaic technology is still in the exploration and verification stage. GCL Group, Jinko Solar, TCL Zhonghuan, and Jingsheng Electromechanical have previously contacted the media about cooperation with Musk’s team, but no collaborations have been initiated as of the close.

9. Iran’s Foreign Minister confirmed: Iran-US negotiations will be held in Oman on the 6th.

10. Huang Renxun refutes the idea that AI will replace software, stating it is illogical. He believes AI will continue to rely on existing software rather than rebuilding foundational tools from scratch. (Software)

11. Nasdaq plans to introduce a fast inclusion rule to cope with large IPOs like SpaceX, allowing new listings to join the Nasdaq 100 index after just 15 trading days, far shorter than the current minimum of three months. (SpaceX IPO)

No.2 Selected Announcements

I. Daily Announcements

Yinbang Co., Ltd.: Received approximately 280 million yuan sales order from Holtec

Hui Bo Pu: Signed a 1.596 billion yuan contract for the re-production project of Naft Khana Oilfield

CSSC Defense: Signed a construction contract for 16 feeder container ships, valued between $736 million and $896 million

Chinese Online: Plans to cooperate with Tencent Computing on animation micro-short film licensing

Liya De: Plans to invest 100 million yuan in a fund, focusing on non-listed companies in the commercial aerospace sector

Shengxin Lithium: Fully owned subsidiary Shentun Lithium plans to acquire a 13.93% stake in Huiyong Mining for 1.26 billion yuan

Beixin Road & Bridge: Consortium awarded an 1.145 billion yuan project

Guangdong Construction: Consortium awarded a 1.524 billion yuan project for a 2GWh annual capacity 3D solid-state lithium battery intelligent manufacturing base

Guangsheng Tang: Hepatitis B innovative drug Nairke Wei GST-HG141 completed Phase III clinical trial enrollment

Guangyang Co.: Signed strategic cooperation agreements with Shenzhen Xuan Chuang and Huangshan Guangyang to jointly develop, produce, and sell high-end special physical products

Changan Automobile: Plans to buy back shares worth 1 billion to 2 billion yuan

II. Trading Suspensions and Resumptions

Ruixin Technology: Suspended, planning to issue shares and pay cash for Wuhu Deheng control rights

III. Minefield

Const: Shareholders plan to reduce holdings by 3.38%

Fuchuang Precision: Shareholders plan to reduce holdings by 3.01%

Qingda Environmental Protection: Shareholders plan to reduce holdings by 3.00%

Capri Bio: Shareholders plan to reduce holdings by 3.00%

Jiangshan Opai: Shareholders plan to reduce holdings by 3.00%

Fuguang Co.: Shareholders plan to reduce holdings by 3.00%

Furri Shares: Shareholders plan to reduce holdings by 2.00%

Jinpu Garden: Shareholders plan to reduce holdings by 2.00%

Kaitian Gas: Shareholders plan to reduce holdings by 1.97%

Debi Group: Shareholders plan to reduce holdings by 1.92%

Guai Bao Pets: Shareholders plan to reduce holdings by 1.90%

Nankuang Group: Shareholders plan to reduce holdings by 1.00%

Guangda Jiabao: Shareholders plan to reduce holdings by 1.00%

Puli Te: Shareholders plan to reduce holdings by 0.57%

IV. Abnormal Movement Announcements

Guosheng Technology: Currently not involved in space photovoltaic business

Tiantong Co.: Does not produce commercial satellites or optical modules

Shuangliang Energy Saving: Has not yet developed space photovoltaic-related business

Jinjing Technology: Market for TCO glass remains small

Jinko Solar: Has not engaged in any cooperation with Musk’s team

Gaocao Co.: Space photovoltaic applications are still in the exploration stage, with industrialization facing uncertainties

No.3 Continuous Board and Limit-up Events

I. Continuous Board Teams

4-day limit: Mingdiao Co., Ltd., Hangdian Co., Ltd.

3-day limit: Minbao Optoelectronics, Shunnao Co., Ltd.

2-day limit: Han Jian Heshan, Shuangliang Energy Saving, Julii Rigging, Guosheng Technology, Zerun New Energy, Jingtou Development, CIMC Group, Yinlun Shares, Tiantong Co., Ltd.

II. Limit-up Events

1. Space Photovoltaics (14)

2 Boards: Shuangliang Energy Saving, Guosheng Technology, Zerun New Energy, Tiantong Co.

1 Board: Amaton, Zhonglai Co., Ltd., Tuori New Energy, Jinko Solar, Shichuang Energy, Yongzhen Shares, Xinbo Shares, TCL Zhonghuan, Boqian New Materials, GCL Integration

Event 1: On February 4, Musk’s team conducted research on Chinese PV companies including TCL Zhonghuan, Jinko Solar, and Jingsheng Electromechanical.

Event 2: On February 2, SpaceX applied to launch and operate a constellation of up to 1 million satellites with unprecedented computing power (orbit data centers) to support advanced AI. These satellites will be deployed at altitudes of 500 to 2000 km, with a sun-synchronous orbit inclination of about 30 degrees, powered by solar energy, connected via optical links (laser) to the existing Starlink network, routing computing results to ground users.

2. Coal (13)

1 Board: Shaanxi Black Cat, Yankuang Energy, China Coal Energy, Yunnan Coal Energy, Jin Control Coal, Shanxi Coking, Baotailong, Luan Environmental, Shanxi Coking Coal, Shanco International, Dayou Energy, Hengyuan Coal Power, Kailuan Co.

Event 1: The Indonesian government proposed a significant production cut plan, and local miners have suspended spot coal exports. Data shows China is Indonesia’s largest import market.

3. Real Estate Related (8)

4 Boards: Mingdiao Co., Ltd.

2 Boards: Jingtou Development

1 Board: Caixin Development, Rong’an Real Estate, Pino, Huafa Shares, I Love My Home, Jianlang Hardware

Event 1: In January, real estate agency store inquiries in Beijing surged, and second-hand home transactions in Shanghai increased by 24%.

Event 2: On February 2, the State Council issued the “Modern Capital Metropolitan Area Spatial Coordination Plan (2023-2035).”

4. Computing Power Related (5)

2 Boards: CIMC Group, Yinlun Shares

1 Board: Tefa Information, Ruiming Technology, Ying Wei Teng

Event 1: Major companies launched AI application traffic battles during the Spring Festival, with Alibaba, Tencent, and Baidu all releasing red envelope activities.

Event 2: Microsoft and Meta both stated in their latest financial reports that AI computing power supply will remain tight through 2026, with both companies’ Q4 capital expenditures exceeding market expectations.

5. Hydrogen Energy (5)

1 Board: Jingcheng Co., Ltd., Shenghui Technology, Meijin Energy, Zhiyuan New Energy, Huadian Science and Industry

Event: On February 3, the Ministry of Industry and Information Technology held a meeting emphasizing breakthroughs in 6G, quantum technology, biological manufacturing, hydrogen energy, brain-computer interfaces, and embodied intelligence.

6. Power Grid (4)

4 Boards: Hangdian Co., Ltd.

3 Boards: Shunnao Co., Ltd.

1 Board: Hongsheng Huayuan, Solar Cables

Event: On February 1, CCTV Finance reported that many transformer factories are operating at full capacity, with some facing orders scheduled into 2027. Delivery times in the US market have extended from 50 weeks to 127 weeks. In 2025, China’s transformer exports will reach 64.6 billion yuan, a nearly 36% increase over 2024.

7. Announcements of Limit-up (3)

3 Boards: Minbao Optoelectronics, planning to acquire 51% of Xiamen Xiazhi Precision Technology Co., Ltd. for 2.2 billion yuan

2 Boards: Han Jian Heshan, planning to acquire 99.9978% of Xingfu New Material for 2.4 billion yuan

1 Board: Kailong Gaoke, planning to purchase 70% of Jinwanda

8. Consumer (3)

1 Board: Hangzhou Jie Bai, Youhao Group, Baolingbao

Event: On February 2, nine departments including the Ministry of Commerce issued the “2026 ‘LeGou New Year’ Spring Festival Special Activity Plan.”