Selected A-share Announcement: Jiangsu Fasten (000890.SZ) has hit the daily limit for four consecutive days. If the stock price continues to rise in the future, it may apply to the Shenzhen Stock Exchange for a trading halt for inspection.

Focus Today 1. Fuyao Glass Industry Group: Net profit is expected to increase by 24% in 2025, proposing a dividend of 1.2 yuan per share Fuyao Glass Industry Group disclosed its annual report, achieving operating income of 45.787 billion yuan in 2025, a year-on-year increase of 16.65%; net profit attributable to parent company was 9.312 billion yuan, a year-on-year increase of 24.2%; basic earnings per share was 3.57 yuan. The company plans to distribute cash dividends of 1.2 yuan per share (tax included). During the reporting period, the company's automotive glass sales revenue increased by 17.3% year-on-year. 2. Shenzhen Magic Design & Decoration Engineering: Expects a negative equity of -40 to -75 million yuan at the end of 2025, the company's stock may face delisting risk warning Zhiguang issued a revised performance forecast announcement for 2025. The company originally expected a net profit of -75 million to -113 million yuan, revised to -132 million to -198 million yuan; it expects a negative equity of -40 million to -75 million yuan at the end of 2025. If the company's equity attributable to the parent company is negative at the end of 2025, the company's stock trading will be subject to delisting risk warning by the Shenzhen Stock Exchange after the disclosure of the 2025 annual report (the stock abbreviation is preceded by "*ST"). 3. Shenzhen Injoinic Technology: Misleading statements about brain-machine interface chips released on January 6 on the interactive platform led to abnormal fluctuations in stock prices, the company intends to be fined 4 million yuan Shenzhen Injoinic Technology announced that, due to illegal and irregular information disclosure, the company received a "Pre-Decision on Administrative Penalties" from the China Securities Regulatory Commission Shenzhen Regulatory Bureau on March 17, 2026. It was found that on January 6, 2026, the company made misleading statements about brain-machine interface chips on the interactive platform, claiming that the product had been mass-produced and shipped and that its performance was comparable to overseas products, resulting in abnormal fluctuations in stock prices. However, the company's brain-machine interface product technology path is non-invasive, with significant differences from foreign invasive dominant technology paths. The "IPA1299 chip" is jointly launched by Shenzhen Injoinic Technology and its associated company Xi'an Jingcheng Weiyi (Changzhou) Electronic Technology Co., Ltd., and is currently in the market cultivation stage, with no formalized sales or revenue, contrary to the description of "the IPA1299 launched by the company" and "mass production and shipment" in the reply. The regulatory bureau intends to warn the company and impose a fine of 4 million yuan, fine 2.1 million yuan on director Chen Xin, fine 1.1 million yuan on chairman Huang Hongwei, and fine 800,000 yuan on secretary Wu Renchao. 4. Shenzhen YHLO Biotech: Fined 4 million yuan for information disclosure violations Shenzhen YHLO Biotech announced that the company received an "Administrative Penalty Decision" from the Shenzhen Securities Regulatory Bureau on March 17, 2026. In the announcement made on January 6, 2025, about signing a strategic cooperation framework agreement with Brain-Machine Star Chain, the disclosure of information was inaccurate and incomplete, involving technology routes and product information, constituting misleading statements. The company was ordered to correct the violations, warned, and fined 4 million yuan; Chairman Hu Kunhui was warned and fined 2 million yuan; and Company Secretary Wang Mingyang was warned and fined 1.5 million yuan. The company stated that the penalty did not touch on delisting conditions and that its operations are currently normal. 5. Hunan Creator Information Technologies: Warned and fined 1.5 million yuan by the Hunan Regulatory Bureau of the China Securities Regulatory Commission for inflating operating income in the 2023 interim report Hunan Creator Information Technologies announced that the company received an "Administrative Penalty Decision" from the Hunan Regulatory Bureau of the China Securities Regulatory Commission. The company inflated operating income by 46.3202 million yuan, inflated operating costs by 32.6016 million yuan, and inflated profits by 12.7921 million yuan in the 2023 interim report, violating the relevant provisions of the Securities Law. The company was warned and fined 1.5 million yuan. Then chairman Fei Yaoping, director and general manager Li Jie, and finance manager Long Zhong were each warned and fined 800,000 yuan, 800,000 yuan, and 600,000 yuan, respectively. 6. Avary Holding: Wholly-owned subsidiary plans to invest 11 billion yuan to build a high-end PCB project production base Avary Holding announced that its wholly-owned subsidiary, Qingding Precision, signed an investment agreement with the Huai'an Economic and Technological Development Zone Management Committee, planning to invest 11 billion yuan to build a high-end PCB project production base. This investment is based on the company's overall strategic planning, seizing the wave of AI technology development, accelerating the layout of high-end PCB product production, helping to expand the company's operating scale, promote technological upgrades and product iterations in various product lines, and ultimately improve the company's operating efficiency. This project aligns with the country's industrial policy orientation and industry development trends. Business Performance 1. Dingli Corp., Ltd.: Net profit was 15.4991 million yuan in 2025, turning the loss into a profit 2. Sunrise Group: Net profit was 307 million yuan in 2025, down 27.44% year-on-year; proposes a dividend of 1 yuan per 10 shares Stock Risks 1. 4 consecutive boards of Jiangsu Sanfame Polyester Material: A rise in raw material prices has increased costs of existing orders, and rapid price increases of products have led to a weakening of downstream customer procurement intentions 2. 4 consecutive boards of Jiangsu Fasten: If the company's stock price continues to rise in the future, the company may apply for a trading suspension for inspection to the Shenzhen Stock Exchange Buybacks & Shareholding Changes 1. Sonoscape Medical Corp.: Plans to repurchase shares worth 100 million to 200 million yuan for cancellation 2. Jiangsu Dingsheng New Materials Joint-Stock: Obtains a commitment letter for a special loan of not more than 126 million yuan for stock repurchase 3. Foshan Golden Milky Way Intelligent Equipment: Shareholder Haihui Wealth plans to reduce its stake in the company by no more than 4.31% 4. Guangdong Hotata Technology Group: Shareholder Hou Pengde plans to reduce his stake by no more than 3% 5. Guizhou Yongji Printing: Controlling shareholder plans to reduce its stake by no more than 2% 6. Hamaton Automotive Technology: Shareholder Wantong Holdings plans to reduce its stake by no more than 2% 7. Inner Mongolia Yili Industrial Group: Chairman Pan Gang has completed a reduction of 0.98% of the company's shares Major Contracts 1. Jiangsu Haili Wind Power Equipment Technology: Signed a 10.85 billion yuan sales contract for wind turbine foundation guide frames 2. Qingdao TGOOD Electric: Pre-won two new energy projects with a total amount of about 1.21 billion yuan 3. Qinglong Pipes Industry Group: Signed a purchase contract for about 54.3586 million yuan for tower column pipe section This article was reprinted from "Tencent Stock Picks", edited by Xu Wenqiang, GMTEight.