Latest update on major announcements from Shanghai and Shenzhen listed companies on the evening of February 6

Several listed companies in the Shanghai and Shenzhen markets released company announcements on the evening of February 6. Below is a summary of important announcements.

【Major Events】

Yiwang Yichuang: Plans to acquire 100% equity of All-domain Intelligent Marketing Service Provider Lian Shi Chuanqi

Yiwang Yichuang (300792) disclosed a restructuring plan on February 6. The company intends to purchase 100% equity of Beijing Lian Shi Chuanqi Network Technology Co., Ltd. (“Lian Shi Chuanqi”) from five counterparties—Yang Guanghong, Sheng Ming Que Qi, Que Qi Electronics, Sheng Ming Electronics, and Jing Heng Zhong Dao—by issuing shares and paying cash, with accompanying fundraising. The transaction price has not yet been determined. Lian Shi Chuanqi is an AI algorithm-centered all-domain intelligent marketing service provider. This acquisition will precisely strengthen the company’s professional capabilities in advertising placement within its e-commerce agency services.

Ruihu Mould: Collaborating with Yaskawa Electric to develop high-end composite mobile collaborative robots

Ruihu Mould (002997) stated during a research visit on February 6 that its intelligent collaborative robots are mainly used in automotive manufacturing, auto parts production, and general industrial fields. Its core advantage lies in adapting to dynamic scenarios to achieve flexible and efficient automation. Specific applications include automated automotive welding lines, line-side warehousing and logistics, “black-light factory” unmanned manufacturing, and flexible production line logistics. The company is jointly developing high-end composite mobile collaborative robots with Yaskawa Electric, with potential expansion into broader industrial scenarios in the future.

Zhenai Meijia: The acquirer has no major asset restructuring plans within the next 12 months

Zhenai Meijia (003041) issued a risk warning on February 6, stating that its main business remains in the research, design, production, and sales of home textiles mainly for blankets. It does not involve AI business, and its main business has not undergone significant changes. The market environment and industry policies remain stable. After reconfirmation with the acquirer, Guangzhou Tanjiyuan Qing Technology Partnership (Limited Partnership), it has no plans for major asset restructuring within the next 12 months, nor plans to sell or merge assets or businesses of the listed company or its subsidiaries within that period, nor any plans for backdoor listings within the next 36 months.

Dayu Water Saving: Plans to transfer 285 million yuan for 28.5% stake in Huitu Technology

Dayu Water Saving (300021) announced on February 6 that it intends to transfer its 28.5% stake in Beijing Huitu Technology (Group) Co., Ltd. (“Huitu Technology”) for 285 million yuan to Jiaxing Qianzhan Hengyuan Venture Capital Partnership (Limited Partnership). After the transaction, the company’s shareholding in Huitu Technology will decrease from 55.10% to 26.60%, and Huitu Technology will no longer be consolidated in the company’s financial statements.

Dongtian Micro: Plans to invest 400 million yuan to build a global R&D center and South China manufacturing headquarters

Dongtian Micro (301183) announced on February 6 that it plans to sign an “Investment Agreement” with the Dongguan City Da Jiao Town Government in Guangdong Province. The company intends to invest 400 million yuan in the construction of the “Dongtian Micro Global R&D Center and South China Manufacturing Headquarters” in Changping Village, Da Jiao Town, Dongguan City. The project will be implemented by the company’s wholly owned subsidiary, Guangdong Dongtianwei Intelligent Technology Co., Ltd.

Maquair: Court rules not to accept creditor’s bankruptcy liquidation application

Maquair (002719) announced on February 6 that it received a “Civil Ruling” from the Intermediate People’s Court of Changji Hui Autonomous Prefecture, Xinjiang Uygur Autonomous Region, which decided not to accept the bankruptcy liquidation application filed by Guangzhou Minghui Machinery Co., Ltd. The company is operating normally, and this matter will not significantly impact its production and operations.

Sanfu Co., Ltd.: Plans to invest 154 million yuan to build 200-ton/year SOD and supporting solvent project

Sanfu Co., Ltd. (603938) announced on February 6 that its wholly owned subsidiary, Tangshan Sanfu Electronic Materials Co., Ltd., will build a project with an annual capacity of 200 tons (Phase 1: 40 tons/year) of SOD and supporting solvents, with a total investment of 154 million yuan. The project will be built in two phases, with Phase 1 estimated to cost 125 million yuan and Phase 2 approximately 28.82 million yuan. The company’s controlling shareholder, Sun Renjing, and its concerted action, Tangshan Yuanheng Technology Co., Ltd., plan to reduce their holdings by no more than 3% through centralized bidding and block trades.

Xinzhi Group: Plans to establish a production base for Thai rotor core factory

Xinzhi Group (002664) announced on February 6 that its wholly owned subsidiary, Xinzhi Electric (Chongqing) Co., Ltd., plans to establish a wholly owned subsidiary in Thailand, Xinzhi Electric (Thailand) Co., Ltd. (tentative name), through a path involving a wholly owned overseas management company in Singapore, Xinzhi Overseas Management Co., Ltd. (tentative name). The company will invest in building a production base for the Thai rotor core factory with a total investment of $40 million. Additionally, the company plans to increase its capital in Xinzhi Electric (Chongqing) Co., Ltd. by 200 million yuan to enhance regional support and service capabilities. After the capital increase, the company will still hold 100% of its equity.

Jinghe Integration: Plans to invest 2 billion yuan to acquire 100% equity of Jingyi Integration

Jinghe Integration (688249) announced on February 6 that it plans to invest a total of 2 billion yuan through equity transfer and capital increase to acquire 100% equity of Hefei Jingyi Integrated Circuit Co., Ltd. (“Jingyi Integration”). Jingyi Integration is the main entity for the company’s fourth phase project, with a total investment of 35.5 billion yuan, planning to build a 12-inch wafer manufacturing line with a capacity of about 55,000 wafers/month, focusing on 40nm and 28nm CIS, OLED, and logic processes, widely used in OLED display panels, AI smartphones, AI computers, smart vehicles, and artificial intelligence.

Wangsu Technology: Subsidiary plans to subscribe for 20 million yuan of Turing SpeedShang Venture Capital Fund

Wangsu Technology (300017) announced on February 6 that its wholly owned subsidiary, Shanghai Wangsu Investment Management Co., Ltd., plans to subscribe for fund shares of Qingdao Turing SpeedShang Venture Capital Partnership (Limited Partnership) (“Turing SpeedShang VC”) with 20 million yuan, accounting for approximately 16.92% of the total fundraising. Turing SpeedShang VC is a specialized investment fund that aims to directly or indirectly invest in high-quality enterprises in emerging industries.

Jinpu Titanium: Controlling subsidiary’s sulfuric acid plant temporarily shut down

Jinpu Titanium (000545) announced on February 6 that due to the approaching Spring Festival and the shutdown of some chemical companies, the demand for sulfuric acid has decreased. To prevent overstocking, Jinpu New Energy, a controlling subsidiary, has temporarily shut down its sulfuric acid plant starting immediately, with plans to resume production in early March 2026. This temporary shutdown is not expected to significantly impact the company’s operations in 2026.

Fuo Shares: Chongqing Yunan Shock Absorber factory relocation completed and officially put into operation

Fuo Shares (000030) announced on February 6 that its subsidiary, Chongqing Yunan Shock Absorber Co., Ltd., has successfully completed the overall relocation and related construction work, and the new factory is now operational. The company mainly supplies supporting services to well-known automakers such as Seres, Blue Electric, Richeer New Energy, Changan Kuayue, Chenggong Auto, and KAYY. Its core products include high-end electronic shock absorbers, passive shock absorbers, and air spring systems. The relocation project also includes capacity upgrades, with Phase 1 reaching an annual capacity of 4 million shock absorbers; a second phase is planned to start in 2027, which will increase the overall capacity to 6 million units per year after completion, significantly improving the previous capacity.

Wantong Expressway: Plans to invest approximately 5.42 billion yuan in Lianhuo Expressway reconstruction and expansion project

Wantong Expressway (600012) announced on February 6 that it plans to invest in the reconstruction and expansion of the Lianhuo Expressway. The total estimated investment is about 5.42 billion yuan, with 1.084 billion yuan as equity capital from the company’s own funds, and the remaining 4.336 billion yuan to be financed through domestic bank loans. Construction is scheduled to start in 2026 and be completed and open to traffic by 2029, with a construction period of about three years.

Xinwangda: Subsidiary reaches settlement in lawsuit involving over 2.3 billion yuan

Xinwangda (300207) announced on February 6 that its subsidiary, Xinwangda Power (defendant), reached a settlement with Weirui Electric (plaintiff) during the first instance and signed a “Settlement Agreement.” The plaintiff will withdraw the lawsuit after the agreement takes effect. The plaintiff’s claim was 2.314 billion yuan. According to the agreement, both parties will recognize actual costs, considering the company’s accrued warranty funds, the realizable value of battery packs after incident handling, and potential future expenses. The estimated impact on the company’s net profit attributable to shareholders in 2025 is between 500 million and 800 million yuan.

Jindi Shares: Plans to acquire 100% equity of Youni Precision for 116 million yuan

Jindi Shares (603270) announced on February 6 that it plans to acquire 100% equity of Guangzhou Youni Precision Co., Ltd., held by Youni Stamping, for 116 million yuan. Youni Precision mainly produces stamping products, including designing, developing, and manufacturing automatic transmissions and precision components, as well as producing automotive forged blanks and precision stamped semi-finished products.

Tongde Chemical: Some assets seized and frozen

Tongde Chemical (002360) announced on February 6 that it has been informed that the Hangzhou Gongshu District People’s Court in Zhejiang Province has seized and frozen real estate located at No. 5, Lai Guang Ying West Road, Chaoyang District, Beijing. The assets are frozen due to a dispute over a financial leasing contract with Zhejiang Zheyin Financial Leasing Co., Ltd. (“Zheyin Leasing”), which applied for enforcement. The company’s operations are normal, and the assets are still under management and use. The freeze does not affect operations, but further judicial measures could pose a risk of disposal. The company is actively communicating with Zheyin Leasing to resolve the dispute and safeguard its legal rights.

Zhixin Shares: Plans to invest no more than 1.1 billion yuan in automotive stamping and welding parts project

Zhixin Shares (603352) announced on February 6 that it plans to increase capital in its wholly owned subsidiary, Jinhua Zhixin Technology Co., Ltd., which will serve as the project implementation entity. The project involves building automotive stamping and welding parts, with a total investment not exceeding 1.1 billion yuan. The project aims to support the development of new energy vehicle markets, such as Leap Motor, by establishing related manufacturing and quality inspection facilities for large, lightweight automotive parts and seat frames.

Sanwei Xin’an: Plans to establish a wholly owned subsidiary in Hainan Free Trade Zone

Sanwei Xin’an (688489) announced on February 6 that it intends to establish a wholly owned subsidiary in the Hainan Free Trade Zone with an investment of 10 million yuan. The subsidiary will leverage the zone’s institutional innovation advantages in industry and taxation to provide technical support and compliance assurance for cross-border data flow. It will also collaborate with the company’s Hong Kong and Singapore subsidiaries to enhance global cryptography service capabilities, market response speed, and overall competitiveness.

Yahui Long: Company under investigation by CSRC for suspected information disclosure violations

Yahui Long (688575) announced on February 6 that it received a “Notice of Filing” from the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws and regulations. The CSRC has decided to initiate an investigation. The company’s operations and business activities are currently normal.

【Performance Highlights】

China Merchants Shekou: Cash dividends from 2026 to 2028 will not be less than 40% of net profit for each year

China Merchants Shekou (001979) announced on February 6 that to promote the company’s investment value and enhance investor returns, the board has approved a valuation enhancement plan. The plan includes: deepening business focus, improving development quality; strengthening risk control, building a “fortress-style” balance sheet and a “quilt-style” cash flow statement; and enhancing value realization to increase investor returns. In principle, annual cash dividends will be paid, with the proportion of cash dividends from 2026 to 2028 not less than 40% of net profit attributable to shareholders for each year.

China Resources Sanjiu: 2025 net profit of 3.422 billion yuan, up 1.6% year-on-year

China Resources Sanjiu (000999) disclosed its performance brief on February 6, reporting a total operating revenue of 31.629 billion yuan in 2025, a year-on-year increase of 14.53%. Net profit attributable to shareholders was 3.422 billion yuan, up 1.6%. Basic earnings per share were 2.06 yuan.

Longyuan Power: Power generation increased by 12.05% year-on-year in January 2026

Longyuan Power (001289) announced on February 6 that in January 2026, it generated 7.1627 million MWh of electricity, a 12.05% increase compared to the same period in 2025. Wind power generation increased by 8.11%, and solar power generation increased by 42.25% year-on-year.

CSSC Special Gas: 2025 net profit of 347 million yuan, up 12.92%

CSSC Special Gas (688146) released its performance brief on February 6, showing a total revenue of 2.26 billion yuan in 2025, up 15.88% (adjusted); net profit attributable to parent company was 347 million yuan, up 12.92% (adjusted); earnings per share were 0.66 yuan. The development of new-generation information technologies like AI has increased market demand for advanced chips and display panels, driving growth in the company’s main products—electronic specialty gases. The application of trifluoromethanesulfonic acid series products in pharmaceuticals and new energy sectors has expanded, leading to sustained volume growth.

Yidun Electronics: 2025 net profit of 468 million yuan, up 6.97%

Yidun Electronics (603328) announced on February 6 that its operating revenue in 2025 was 4.025 billion yuan, a 14.8% increase; net profit was 468 million yuan, up 6.97%; basic earnings per share were 0.47 yuan. During the period, amid rising upstream raw material prices and intensified downstream market competition, the company focused on core automotive electronics, improving its share in key areas like computing and communications. Its Thailand factory’s Phase 1 project is progressing smoothly, with trial production and capacity ramp-up starting in the first quarter of 2026. The factory will serve as a mid-to-high-end PCB production base for overseas clients.

Jiaodian Technology: 2025 net profit of 504 million yuan, up 11.73%

Jiaodian Technology (002315) disclosed its performance brief on February 6, with a total revenue of 1.92 billion yuan in 2025, an increase of 15.06%. Net profit attributable to shareholders was 504 million yuan, an increase of 11.73%. Basic earnings per share were 1.59 yuan. As of December 31, 2025, China Manufacturing Network (Made-in-China.com) had 29,793 paid members, an increase of 2,378 from the previous year. AI Maike’s cash income in 2025 was 90.83 million yuan, up 88.49% year-on-year.

Tongxingbao: 2025 net profit of 221 million yuan, up 5.51%

Tongxingbao (301339) announced on February 6 that in 2025, it achieved a total operating revenue of 1.068 billion yuan, a 19.24% increase; net profit attributable to shareholders was 221 million yuan, up 5.51%; earnings per share were 0.39 yuan. During the period, the company’s smart transportation operation management system business generated 640 million yuan in revenue, a 38.82% increase.

Kunming Pharmaceutical Group: 2025 net profit of 350 million yuan, down 46%

Kunming Pharmaceutical Group (600422) announced on February 6 that its revenue in 2025 was 6.577 billion yuan, down 21.72%; net profit was 350 million yuan, down 46%; basic earnings per share were 0.46 yuan. The decline was mainly due to slower implementation of centralized procurement of traditional Chinese medicine, ongoing deepening of medical insurance cost control policies, and pressure on in-hospital stock business. Incremental business remains in the entry and growth phase, affecting in-hospital revenue. Retail terminals faced seasonal fluctuations, increased industry competition, and slower sales cycles, with some premium products still in channel expansion, making them more sensitive to industry fluctuations.

Tasly: 2025 net profit of 1.105 billion yuan, up 15.68%

Tasly (600535) announced on February 6 that its revenue in 2025 was 8.236 billion yuan, a decrease of 3.08%; net profit attributable to shareholders was 1.105 billion yuan, an increase of 15.68%; earnings per share were 0.74 yuan. The main reason for revenue decline was a 14.24% decrease in pharmaceutical commercial income (mainly chain pharmacy business) due to industry policies like outpatient pooling. Tasly also announced that it terminated its licensing agreement with Arbor Pharmaceuticals, LLC., which had rights to the US market for compound Danshen Dropping Pills (“T89”) and related indications, after Arbor was acquired by Azurity Pharmaceuticals, Inc. The company received a final payment of 7.5 million USD.

Dongrui Shares: 2026 January pig sales revenue of 214 million yuan, up 25.19% month-on-month

Dongrui Shares (001201) announced on February 6 that in January 2026, it sold 162,800 pigs, generating revenue of 214 million yuan, a 25.19% increase from the previous month. The average price of commercial pigs was 13.33 yuan/kg, up 6.30% month-on-month. It also sold 0.8 million pigs to its wholly owned subsidiary, Heyuan Dongrui Meat Food Co., Ltd.

Shidai Electric: 2025 net profit of 4.105 billion yuan, up 10.88%

Shidai Electric (688187) announced on February 6 that its revenue in 2025 was 28.761 billion yuan, a 15.46% increase; net profit was 4.105 billion yuan, up 10.88%; basic earnings per share were 3 yuan. The company’s growth was driven by solidifying and enhancing its rail transit business and developing emerging equipment industries.

Tianbang Food: January commodity pig sales revenue of 674 million yuan, up 9.93%

Tianbang Food (002124) announced on February 6 that in January 2026, it sold 682,000 commodity pigs, generating 674 million yuan in revenue, with an average price of 13.6 yuan/kg (the average price for fat pigs was 12.5 yuan/kg). The month-on-month changes were 2.97%, 10.01%, and 14.54%; year-on-year changes were 55.99%, 9.93%, and -17.83%.

New Hope: January commodity pig sales revenue of 1.628 billion yuan, down 10.03% year-on-year

New Hope (000876) announced on February 6 that in January 2026, it sold 1.1218 million pigs, a 28.02% decrease from the previous month but a 9.7% increase year-on-year. The sales revenue was 1.628 billion yuan, down 20.15% month-on-month and down 10.03% year-on-year. The average price was 12.48 yuan/kg, up 10.64% month-on-month but down 19.01% year-on-year.

Lihua Shares: January meat chicken sales revenue of 1.289 billion yuan, up 9.8%

Lihua Shares (300761) announced on February 6 that in January 2026, it sold 48.4628 million broiler chickens, generating 1.289 billion yuan in revenue, with an average price of 11.63 yuan/kg. The month-on-month changes were -3.69%, -7%, and -4.36%; the year-on-year changes were 7.43%, 9.8%, and -1.27%. It also sold 193,200 pigs, generating 304 million yuan, with an average price of 13.12 yuan/kg. The month-on-month changes were -19.77%, -10.32%, and 12.04%; the year-on-year changes were 19.19%, -3.18%, and -18.61%.

China National Machinery Industry Corporation: 2025 net profit of 58.5157 million yuan, up 45.71%

China National Machinery Industry Corporation (600444) announced on February 6 that its revenue in 2025 was 899 million yuan, up 17.32%; net profit was 58.5157 million yuan, up 45.71%; basic earnings per share were 0.3996 yuan. The company completed the disposal of its pipe business, effectively stopping operating losses, and with steady growth in main business revenue, its operating efficiency improved significantly, leading to a substantial year-on-year profit increase.

Zhenghong Technology: 2025 pig sales revenue of 14.34 million yuan, up 7.74%

Zhenghong Technology (000702) announced on February 6 that in January 2026, it sold 14,320 pigs, with sales revenue of 14.3468 million yuan, an increase of 431.21% and 940.76% respectively compared to the previous month, and an increase of 87.43% and 7.74% respectively year-on-year.

Tianyubio: January pig sales revenue of 54.28 million yuan, down 11.23% year-on-year

Tianyubio (603717) announced on February 6 that in January 2026, it sold 45,000 pigs, generating 54.2877 million yuan in revenue, with month-on-month increases of 16.10% and 21.49%, but a year-on-year decrease of 11.23%. As of the end of January 2026, the company’s pig stock was 211,000, up 24.07% year-on-year and 3.31% month-on-month.

【Increase and Decrease in Holdings】

Lushan New Material: Controlling shareholder and concerted actors plan to reduce holdings by no more than 3%

Lushan New Material (603051) announced on February 6 that its controlling shareholder and actual controller, Wang Jiasheng, along with Guangzhou Lushan Information Consulting Co., Ltd., plan to reduce their combined holdings by no more than 4.849 million shares, representing no more than 3% of the total share capital, through centralized bidding and block trades.

Dongwang Times: Controlling shareholder plans to publicly solicit transfer of 6% of shares

Dongwang Times (600052) announced on February 6 that its controlling shareholder, Dongyang Dongke Digital Technology Co., Ltd., plans to transfer 50.6517 million shares, representing 6% of the total share capital, through a public solicitation. This transfer will not change the company’s controlling shareholder or actual controller.

Zhongji United: Two directors plan to reduce holdings by no more than 0.91%

Zhongji United (605305) announced on February 6 that directors and senior vice presidents Wang Xijun and Ma Dongsheng plan to reduce their holdings by no more than 0.91% of the company’s shares.

Dajia Weikang: One of the actual controllers’ concerted actors plans to reduce holdings by no more than 3%

Dajia Weikang (301126) announced on February 6 that its controlling shareholder and one of the actual controllers, Changsha Tongjia Investment Management Partnership (Limited Partnership), plans to reduce its holdings by no more than 6.1621 million shares (3% of total shares) within three months after 15 trading days through centralized bidding and block trades.

【Major Contracts】

Dalian Electric Porcelain: Subsidiary pre-bids for approximately 119 million yuan State Grid project

Dalian Electric Porcelain (002606) announced on February 6 that the State Grid Corporation of China published the “Recommended Bidder List for the 66th Batch of Procurement in 2025 (UHVDC Materials)”, and the “Recommended Bidder List for the First Batch of Power Transmission and Transformation Equipment in 2026.” Its wholly owned subsidiary, Dalian Electric Porcelain Group Transmission and Transformation Materials Co., Ltd., was recommended as a candidate, with a pre-bid amount of approximately 119 million yuan, accounting for 7.95% of the company’s 2024 operating revenue.

Tongda Shares: Pre-bids for 188 million yuan State Grid procurement project

Tongda Shares (002560) announced on February 6 that the State Grid’s e-commerce platform published the “Recommended Bidder List for the 66th Batch of Procurement in 2025 (UHVDC Materials)” and the “Recommended Bidder List for the First Batch of Power Transmission and Transformation Equipment in 2026.” The company’s pre-bid total value of materials is 188 million yuan, about 3.04% of its 2024 revenue.

Qiaoyin Co., Ltd.: Pre-bids for approximately 7.38 million yuan sanitation integrated service project

Qiaoyin Co., Ltd. (002973) announced on February 6 that it recently pre-bid for the Inner Mongolia Hohhot New District sanitation integrated service project, with a pre-bid amount of 73.7999 million yuan, for a service period of 12 months.

Chuangyuan Technology: Wholly owned subsidiary pre-bids for 94.7672 million yuan State Grid project

Chuangyuan Technology (000551) announced on February 6 that the State Grid published the “Recommended Bidder List for the 66th Batch of Procurement in 2025 (UHVDC Materials)” and the “Recommended Bidder List for the First Batch of Power Transmission and Transformation Equipment in 2026.” Its subsidiary, Suzhou Electric Porcelain Factory Co., Ltd., was recommended as a candidate, with a pre-bid amount of 94.7672 million yuan (including tax), accounting for 2% of the company’s 2024 revenue.

Tongguang Cable: Pre-bids for 108 million yuan State Grid project

Tongguang Cable (300265) announced on February 6 that its wholly owned subsidiaries, Jiangsu Tongguang Qiangneng Transmission Line Technology Co., Ltd. and Jiangsu Tongguang Cable Co., Ltd., pre-bid for the “State Grid’s 66th Batch of Procurement in 2025 (UHVDC Materials)” and the “First Batch of Power Transmission and Transformation Equipment in 2026” projects, with a total pre-bid amount of 108 million yuan, accounting for 4.18% of the company’s 2024 revenue.