Xilinmen's 100 million yuan in cash "disappears" — regulators quickly step in! Several top stocks will face unlocks next week (with stock recommendations)

Next week (March 30 - April 5), 29 stocks will be released from restrictions.

Xilinmen’s 100 million cash was illegally transferred

On the evening of March 27, Xilinmen (603008) announced that the company recently discovered that the bank account funds of its subsidiary, Xitu Technology Co., Ltd., were illegally transferred, with a total of 100 million yuan transferred. The announcement disclosed that the company found that relevant personnel were suspected of illegally misappropriating company funds by taking advantage of their positions.

The company has applied to the public security organs for a case investigation on March 26, 2026, and has taken protective measures to freeze the relevant bank accounts, with the amount of protective judicial freezing approximately 900 million yuan, and the illegally transferred funds at 100 million yuan, totaling over 1 billion yuan, accounting for 26.54% of the company’s latest audited net assets and 42.69% of the company’s latest audited monetary funds.

Xilinmen stated that the company has established communication channels with relevant parties and is actively negotiating the return of the transferred funds. The company will also actively cooperate with the public security organs in handling the case investigation to quickly recover the transferred funds, eliminate unsafe factors regarding the company’s account funds, and ensure the safety of the company’s assets. As of now, there remains some uncertainty regarding the recovery of the illegally transferred funds; if the funds cannot be recovered, it may adversely affect the company’s net profit.

On the evening of the announcement, the Shanghai Stock Exchange swiftly issued a regulatory work letter regarding the fund transfer and freezing related matters for Xilinmen, involving the listed company, directors, senior management personnel, controlling shareholders, and actual controllers.

Next week, the market value of released stocks exceeds 37 billion yuan

According to statistics from Securities Times·Data Treasure, next week (March 30 - April 5), 29 stocks will be released from restrictions, with a total of 1.334 billion shares released. Based on the latest closing price (and so on), the total market value of the released stocks is 37.288 billion yuan.

The stocks released next week are relatively concentrated, with 9 stocks having a market value of over 1 billion yuan, totaling more than 34.37 billion yuan, accounting for 92.17% of the total market value of all released stocks next week. Among them, Hongrida is the only stock with a market value exceeding 10 billion yuan, Kefang Technology has a market value of over 7 billion yuan, and Wanrun New Energy, Shouhang New Energy, Yihau New Materials, Zhejiang Huayuan, and others have a market value of over 2 billion yuan.

Hongrida will have 128 million restricted shares released next week, accounting for nearly 62% of the company’s total share capital, as it is the release of restricted shares of four original shareholders. Hongrida has long been deeply involved in 3C consumer electronics connectors and precision components, becoming a major supplier for many leading domestic wearable brands. Its semiconductor cooling business has gained market attention, and the company’s semiconductor metal heat sink business is gradually achieving bulk shipments in 2025.

Since 2024, Hongrida’s stock price has continued to rise, with a cumulative increase of over 400%. However, from the performance perspective, the company reported a loss of 7.57 million yuan in 2024, and a preliminary loss of 40 to 70 million yuan is expected for 2025, mainly due to a significant increase in procurement prices for key raw materials such as gold salt.

The Beijing Stock Exchange company Kefang Technology will have a market value of nearly 8.2 billion yuan released next week, with over 100 million shares released, accounting for 72.29% of the total share capital, with the type of release being initial public offering restricted shares.

Kefang Technology is currently the seventh highest-priced stock on the Beijing Stock Exchange. The company provides intelligent metering system solutions, focusing on core metering software and hardware, and has exported over 90 million sets of intelligent metering equipment to more than 40 countries. The company has released a performance report for 2025, achieving revenue of 3.02 billion yuan, a year-on-year increase of 2.99%; the net profit attributable to the parent company was 707 million yuan, a year-on-year increase of 19.99%.

Wanrun New Energy will have a market value of nearly 4.9 billion yuan released next week. Recently, the company’s stock price has continued to strengthen against the backdrop of a market decline, rising more than 33% since March. The company specializes in lithium iron phosphate cathodes and currently ranks among the top three in global shipments. The company expects a loss of 446 million yuan in 2025, a reduction in the loss compared to the previous year.

From the perspective of the number of shares released as a percentage of total share capital, 7 stocks have a release percentage exceeding 10%, including Kefang Technology, Yihau New Materials, Hongrida, Nearshore Protein, Wanrun New Energy, Zhejiang Huayuan, Shouhang New Energy.

Yihau New Materials has a release percentage of nearly 64% of its total share capital, with over 100 million shares released; the company specializes in PCB copper foil, and it is expected to incur a loss of 51 to 61 million yuan in 2025, compared to a loss of 38.8612 million yuan in the same period last year.

In terms of market performance, among the released stocks next week, Xingyun Technology and Shouhang New Energy have both surged more than 80% this year, Wanrun New Energy has increased more than 50%, and Huayi Group, Hongrida, Xince Standards, and others have increased more than 20%.

Xingyun Technology will have nearly 23 million shares released next week, with a market value of 2.32 billion yuan. The company expects a loss of approximately 70 to 90 million yuan in 2025.

Shouhang New Energy will have a market value exceeding 2.9 billion yuan released next week. Due to news of “Tesla’s large-scale procurement of solar equipment,” the photovoltaic equipment sector has seen strong growth since March, and the stock price of Shouhang New Energy doubled at one point in March, but has since retreated this week.

(Source: Data Treasure)