Latest update on major announcements from Shanghai and Shenzhen listed companies on the evening of February 24

Several listed companies in the Shanghai and Shenzhen markets released announcements on the evening of February 24. Here is a summary of the important notices.

【Major Events】

Lightspeed Media: Revenue from “Flying Past 3” as of February 23 is approximately 43 million to 53 million RMB

Lightspeed Media (300251) announced on February 24 that as of February 23, 2026, the revenue from the film “Silent Thunder” is approximately RMB 5.2 million to RMB 6.6 million; revenue from “Flying Past 3” is approximately RMB 43 million to RMB 53 million.

Hongchuan Wisdom and Liu Liu Cloud Chain form strategic partnership

On February 24, Hongchuan Wisdom (002930) signed a “Strategic Cooperation Agreement” with Liu Liu Cloud Chain Technology (Ningbo) Co., Ltd., aiming to share customer, warehouse, and financial core resources. The focus is on implementing innovative businesses such as online freight, supply chain finance, and green energy certification, building an integrated supply chain service framework, and upgrading Hongchuan Wisdom from a single warehousing service to a comprehensive “warehousing + logistics + digital + finance” service.

Dongyang Sunshine: Planning to acquire control of Dongshu No. 1, stock suspension

Dongyang Sunshine (600673) announced on February 24 that the company is planning to acquire control of Yichang Dongshu No. 1 Investment Co., Ltd. (“Dongshu No. 1”) through issuing shares and raising supporting funds. This transaction is expected to constitute a major asset restructuring and a related-party transaction but will not change the company’s actual control. Due to uncertainties, the stock has been suspended from trading since the market open on February 24, 2026, and will remain suspended until the market opens on February 25, 2026, for an estimated total suspension period not exceeding 10 trading days.

Han’s Laser: Plans to invest $150 million to establish overseas operations

Han’s Laser (002008) announced on February 24 that to further expand overseas business and improve service capacity, the company plans to invest $150 million to establish an overseas operation center in Southeast Asia.

Shenlian Bio: Plans to acquire 237 million RMB controlling stake in Shizhiyuan and expand innovative drug business

Shenlian Bio (688098) announced on February 24 that it intends to acquire a controlling stake in Yangzhou Shizhiyuan Biotechnology Co., Ltd. (“Shizhiyuan”) through its wholly owned subsidiary, Ben Tiancheng, via equity transfer and capital increase, at a cost of RMB 237 million. After completion, Ben Tiancheng and its concerted parties will hold 51% of Shizhiyuan, making it a controlling subsidiary. The company will fully develop its innovative drug business, creating a dual focus on “human medicines” and “animal health.”

Shaoneng Shares: Fully owned subsidiary signs land and resource cooperation agreement for independent energy storage project

Shaoneng Shares (000601) announced on February 24 that its wholly owned subsidiary Shaoneng Group Xinfeng Xuneng Biomass Power Co., Ltd. (“Xinfeng Xuneng”) signed a land and resource cooperation agreement with Yuan Tan (Xinfeng) Energy Co., Ltd. (“Yuan Tan”). Yuan Tan plans to lease land and substation space to build a 100MW/200MWh independent energy storage station (“Project”) with a total investment of RMB 22 million.

China Tianying: Receives investment license for Hanoi project expansion

China Tianying (000035) announced on February 24 that its subsidiary Hanoi Tianyu Environmental Energy Co., Ltd. recently received an “Investment Change Approval” from the Hanoi People’s Committee, approving the expansion of the Hanoi Shuoshan Waste-to-Energy Plant’s second phase, with a capacity of 1,600 tons/day and an additional 45MW of power. The expansion investment is approximately VND 58.3 billion (about USD 2.2 million).

Lushan New Materials: Space encapsulation gel film not yet certified by Starlink, no direct supply to China StarNet

Regarding rumors that Lushan New Materials’ space encapsulation gel film has passed Starlink certification and is expected to supply Starlink over 10% in 2026, and that it is a core supplier to China StarNet providing satellite solar wing materials, Lushan New Materials responded on February 24 that the space encapsulation gel film has not yet passed Starlink certification and they do not supply China StarNet directly. The rumors are false.

Sdik: Has entered PI film field but not yet mass-produced

Sdik stated on February 24 that it has begun related technology and product development in the PI film field but has not yet achieved large-scale production.

Gansu Energy: Minqin Shuangci 2 GW wind power project approved

Gansu Energy (000791) announced on February 24 that it received approval for the Minqin County Shuangci 200 MW wind power project, part of the Tengger Desert large-scale renewable energy base of 6 GW. The project investment is approximately VND 58.3 billion (about USD 2.2 million).

Kexin Mechanical and Electrical: Obtains ultra-high voltage container (A6) manufacturing license

Kexin Mechanical and Electrical (300092) announced on February 24 that it recently received the “Manufacturing License for Special Equipment of the People’s Republic of China,” including large high-voltage containers (A1) and ultra-high voltage containers (A6).

Zhejiang Medicine: Plans to invest RMB 250 million with private equity fund for silver-haired economy fund

Zhejiang Medicine (600216) announced on February 24 that it signed a partnership agreement with CITIC Medical & Health Equity Investment Private Fund Management (Beijing) Co., Ltd., to jointly invest in the Langfang Xinhui Silver-Haired Economy Equity Investment Fund Partnership (Limited Partnership). The fund’s total committed capital is RMB 800 million, with Zhejiang Medicine contributing RMB 250 million (31.25%). The fund focuses on companies in the silver-haired economy and healthcare sectors.

【Performance Highlights】

SMIC Microelectronics: 2025 net profit RMB 285 million, up 108.05% YoY

SMIC Microelectronics (688380) announced on February 24 that its 2025 revenue was RMB 1.122 billion, up 23.09% YoY; net profit attributable to shareholders was RMB 285 million, up 108.05%; earnings per share RMB 0.71. The growth is driven by continuous R&D investment, product layout in high-end applications, product iteration, new product promotion, sales, and comprehensive services. Shipments of automotive-grade and industrial control chips increased significantly, with automotive chips up over 6.5 million units (+73%).

Weida Nano: 2025 net profit RMB 213 million, down 6.12% YoY

Weida Nano (688147) announced on February 24 that its 2025 revenue was RMB 2.632 billion, down 2.52%; net profit attributable to shareholders was RMB 213 million, down 6.12%; earnings per share RMB 0.47. The semiconductor equipment business saw breakthroughs and rapid growth, with new orders reaching record highs. Key products like ALD and CVD equipment gained validation and mass production, expanding in markets with increasing penetration of advanced process equipment.

Wens Food: 2025 net profit RMB 5.235 billion, down 43.59% YoY

Wens Food (300498) announced on February 24 that its 2025 revenue was RMB 103.884 billion, down 1.67%; net profit RMB 5.235 billion, down 43.59%. The decline was mainly due to the overall impact on export business and lower interest income from cash holdings.

Sansheng Guojian: 2025 net profit RMB 2.939 billion, up 317.09%

Sansheng Guojian (688336) announced on February 24 that its 2025 revenue was RMB 4.199 billion, up 251.81%; net profit RMB 2.939 billion, up 317.09%. The company signed a significant cooperation agreement with Pfizer, receiving an RMB 2.89 billion upfront licensing fee recognized as revenue.

Yongxi Electronics: 2025 net profit RMB 82.24 million, up 23.99%

Yongxi Electronics (688362) announced on February 24 that its 2025 revenue was RMB 4.4 billion, up 21.92%; net profit RMB 82.24 million, up 23.99%; earnings per share RMB 0.20. Growth was driven by sustained demand in AI, high-performance computing, and data center infrastructure, with overseas clients and domestic core SoC customers expanding.

Oatmeal Technology: 2025 net profit RMB 137 million, up 42.63%

Oatmeal Technology (688312) announced on February 24 that its 2025 revenue was RMB 619 million, up 24.33%; net profit RMB 137 million, up 42.63%; earnings per share RMB 0.96. Growth was driven by increased FPC testing equipment sales, boosting net profit and earnings.

Sugon: 2025 net profit RMB 2.113 billion, up 10.54%

Sugon (603019) announced on February 24 that its 2025 revenue was RMB 14.97 billion, up 13.86%; net profit RMB 2.113 billion, up 10.54%; earnings per share RMB 1.45.

Hengyu Environmental Protection: 2025 net profit RMB 35.93 million, up 106.25%

Hengyu Environmental Protection (688309) announced on February 24 that its 2025 revenue was RMB 294 million, up 89.87%; net profit RMB 35.93 million, up 106.25%; earnings per share RMB 0.4491. Growth was mainly due to expanding overseas markets and increasing orders for high-end equipment like large industrial continuous pyrolysis units.

Edi Pharmaceuticals: 2025 net loss RMB 19.73 million, reduced loss

Edi Pharmaceuticals (688488) announced on February 24 that its 2025 revenue was RMB 721 million, up 72.49%; net loss RMB 19.73 million, a reduction from a loss of RMB 142 million in the previous year. The increase in revenue was driven by higher sales of anti-HIV innovative drugs and consolidation of Nanda Pharmaceuticals. The reduction in loss was due to increased gross profit, higher marketing expenses, and lower asset impairment losses.

Jiaokong Technology: 2025 net profit RMB 156 million, up 86.13%

Jiaokong Technology (688015) announced on February 24 that its 2025 revenue was RMB 2.537 billion, up 16.08%; net profit RMB 156 million, up 86.13%; earnings per share RMB 0.82. Growth was due to increased project deliveries.

Sreich New Materials: 2025 net profit RMB 154 million, up 35.04%

Sreich New Materials (688102) announced on February 24 that its 2025 revenue was RMB 1.564 billion, up 17.66%; net profit RMB 154 million, up 35.04%; earnings per share RMB 0.2091. Growth was driven by product sales and favorable exchange rate effects.

Supor: 2025 net profit RMB 2.097 billion, down 6.58%

Supor (002032) announced on February 24 that its 2025 revenue was RMB 22.772 billion, up 1.54%; net profit RMB 2.097 billion, down 6.58%. The decline was mainly due to the impact of export business and lower interest income.

【Share Buybacks and Reductions】

Zhongshun Jie Rou: Plans to buy back RMB 60 million to RMB 120 million of shares

Zhongshun Jie Rou (002511) announced on February 24 a plan to buy back RMB 60 million to RMB 120 million worth of shares for employee stock ownership or incentive plans, at a price not exceeding RMB 12.4 per share.

Guanglian Aviation: Shareholder plans to transfer 4.8% of shares via inquiry

Guanglian Aviation (300900) announced on February 24 that shareholder Wang Zengduo intends to transfer 14.872 million shares, representing 4.8% of the total share capital.

Zhixin Precision: Director plans to reduce holdings by up to 1.8562%

Zhixin Precision (301512) announced on February 24 that director Zhang Guojun, holding 8.83%, plans to reduce up to 990,000 shares (1.8562% of total shares) via centralized bidding or block trades.

Fushike Holdings: Shareholder plans to reduce holdings by up to 2%

Fushike Holdings (300071) announced on February 24 that shareholder Song Chunjing, holding 5.97%, plans to reduce up to 19.2777 million shares (2% of total shares).

Huaneng Hydropower: Controlling shareholder’s concerted party plans to increase holdings by RMB 100 million to RMB 150 million

Huaneng Hydropower (600025) announced on February 24 that its controlling shareholder’s concerted party, Huaneng Structural Adjustment Fund, increased holdings of 3.276 million A-shares, representing 0.0176% of total shares, and plans to continue increasing holdings by at least RMB 100 million and up to RMB 150 million, with a maximum price of RMB 9.58 per share, funded by self-owned capital.

Anhui Conch: Plans to increase holdings by RMB 700 million to RMB 1.4 billion

Anhui Conch (600585) announced on February 24 that it plans to increase holdings through the Shanghai Stock Exchange trading system with an amount between RMB 700 million and RMB 1.4 billion.

Yuanli Shares: Plans to buy back RMB 50 million to RMB 60 million

Yuanli Shares (300174) announced on February 24 a buyback plan of RMB 50 million to RMB 60 million, at a price not exceeding RMB 20 per share.

Yashi Optoelectronics: Shareholder plans to reduce holdings by up to 1.6 million shares

Yashi Optoelectronics (002952) announced on February 24 that shareholder Lin Xuefeng, holding 11.7604%, plans to reduce up to 1.6 million shares via centralized bidding or block trades, representing less than 0.976% of total shares excluding shares in the buyback account.

【Major Contracts】

ST Songfa: Subsidiary’s bulk cargo shipbuilding contract signed and effective

ST Songfa (603268) announced on February 24 that its subsidiary Hengli Shipbuilding recently signed and made effective a contract to build 2 Cape-size bulk carriers, with a total contract value of approximately RMB 140 million to USD 200 million.

Fengfan Co.: Wins approximately RMB 184 million procurement project from Southern Power Grid

Fengfan Co. (601700) announced on February 24 that it won a contract in the second batch of framework procurement for main grid line materials from Southern Power Grid in 2025, including steel structures for 500kV substations in Guangdong, 35kV-220kV AC angle towers in Hainan, 500kV steel pipe towers in Guangdong, and 35kV-220kV steel pipe towers in Guangdong, with a total value of about RMB 184 million, accounting for approximately 5.7% of the company’s audited revenue in 2024.