A-share announcement highlights | Weichai Power (000338.SZ): Sales of engines for data centers are expected to reach approximately 1,400 units in 2025, a year-on-year increase of 259%.

Today's Focus 1. Boe Technology Group: Plans to repurchase shares for 3.6 billion to 6.3 billion yuan, with a loan not exceeding 5 billion yuan Boe Technology Group announced that the company recently received a "Loan Commitment Letter" from Industrial and Commercial Bank of China Beijing Branch. According to the company's stock repurchase needs, the bank promised to provide up to 5 billion yuan for the project, not exceeding 90% of the company's stock repurchase transaction price, with a term not exceeding 3 years. Previously announced, the company plans to repurchase some of the publicly traded shares with self-raised funds for the implementation of stock incentive plans. The repurchase quantity is not less than 600 million shares and not more than 1.05 billion shares, with a repurchase price not exceeding 6.00 yuan per share. Calculated at the upper limit, the total repurchase amount is expected to be as high as 6.3 billion yuan; calculated at the lower limit, it is about 3.6 billion yuan. The repurchase period is not more than 12 months from the date of the board's approval. 2. Weichai Power: Expects to sell around 1,400 engines for data centers in 2025, an increase of 259% year-on-year Weichai Power announced that the company covers the full spectrum of power market demand and provides customers with diversified power solutions. In 2025, the company sold 104,000 engines for power generation, an increase of 15% year-on-year. Among them, the sales volume of large bore engines exceeded 10,000 for the first time in a year, an increase of 32% year-on-year, achieving revenue of 5.81 billion yuan, an increase of 65% year-on-year; the sales of engines for data centers were about 1,400, a significant increase of 259% year-on-year. 3. Yan Tai Shuang Ta Food: EU launches anti-dumping investigation on Chinese pea protein, company's products subject to dumping tax rate of 112.7% Yan Tai Shuang Ta Food announced that on March 31, the European Commission announced a preliminary disclosure regarding the anti-dumping investigation on pea protein products originating from China. The company's products are subject to dumping tax rates of 112.7%, while other companies are subject to dumping tax rates of 40.5% and 112.7%. The announced tax rates are preliminary disclosure results, and the final ruling is still pending. The company has communicated with its legal team to verify the preliminary disclosure data and provide defense and comments in order to obtain a fair outcome. 4. Xianhe Co., Ltd.: One of the controlling shareholders, Wang Minglong, is being investigated for suspected short-term trading. Xianhe Co., Ltd. announced that the company received a notice from one of the controlling shareholders, Wang Minglong, that on April 3, 2026, he received a "Notice of Institution of a Case" issued by the China Securities Regulatory Commission. Wang Minglong is being investigated for suspected short-term trading as decided by the securities regulator. This case is aimed at Wang Minglong personally and is not related to the company's daily operations and business activities. The company will continue to monitor the progress of the matter and fulfill its disclosure obligations in a timely manner in accordance with relevant laws and regulations and regulatory requirements. 5. Routon Electronic: Receives notice from Shanghai Stock Exchange of intended delisting of shares Routon Electronic announced that on April 3, 2026, the company received a "Prior Notice of Delisting" from the Shanghai Stock Exchange regarding the termination of listing of Routon Electronic Co., Ltd. As of April 3, the company's stock has had a total market value lower than 500 million yuan for 20 consecutive trading days, triggering the circumstances for delisting as stipulated in the Stock Listing Rules. The Shanghai Stock Exchange intends to make a decision to delist the company's stock. If the company requests a hearing, it must submit a written application within 5 trading days after receiving the notice. 6. Focuslight Technologies Inc.: All disclosed fixed-point projects related to lidar have been canceled Focuslight Technologies Inc. announced that the company recently received a notification from the well-known European Tier1 automotive customer AG that due to the formal cancellation of the planned launch vehicles by their end customer, the related component projects have been terminated. The end customer explicitly stated that this decision to cancel is based on their own strategic adjustments and is not related to AG or its suppliers. The canceled fixed-point projects were originally planned for mass production in 2026, with an estimated demand of about 500,000 sets during the project's lifecycle, with approximately 2,700 sets delivered and still in the pre-production preparation stage. The company is currently in negotiations with AG in accordance with agreement terms and international trade practices regarding performance obligations, handling of unexecuted contract amounts, and other core issues related to the project termination. As of the date of this announcement, all disclosed fixed-point projects related to lidar have been canceled. The company's previous business layout in the lidar direction did not achieve expected results, accounting for approximately 0.81% of the company's total revenue as of the third quarter of 2025. The company will continue to monitor industry trends and prudently plan for future business directions. 7. CETC Digital Technology: Investigated by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations CETC Digital Technology announced that the company recently received a "Notice of Institution of a Case" from the China Securities Regulatory Commission. The company is being investigated for suspected violations of information disclosure laws and regulations, and the China Securities Regulatory Commission has decided to initiate a case against the company. Currently, all of the company's operations are running normally. On the same day, the company announced that it had received a warning letter from the Shanghai Securities Regulatory Bureau. Upon investigation, it was found that in the investor relations activities and Shanghai E Interactive information release in December 2025, there were inaccuracies and omissions in the disclosure of products and solutions in the satellite internet field by the subsidiary Baifei Electronics, resulting in misleading statements and risk omissions. The Shanghai Securities Regulatory Bureau decided to issue a warning letter to the company and its current secretary of the board and deputy general manager, Hou Zhiping, for administrative supervision measures. 8. Wuxi Taclink Optoelectronics Technology: OCS products were not included in the company's financial budgets and performance plans for the past two to three years Wuxi Taclink Optoelectronics Technology announced that the company's stock closing prices have deviated by more than 30% for three consecutive trading days, indicating abnormal fluctuations in stock trading. On March 31, 2026, the company held a conference call to discuss its 2025 annual report performance, where concerns were raised about the progress, technical roadmap, and future plans for OCS products. The company clarified that the OCS products are still in the sample stage, with a significant early-stage overall investment, and have not been included in the company's financial budgets and performance plans for the past two to three years. 9. Rastar Environmental Protection Materials: Significant fluctuations in raw material prices may pose management challenges for the company Rastar Environmental Protection Materials issued an abnormal fluctuation announcement stating that the company's polystyrene product's main raw material is styrene, a downstream bulk chemical in petroleum refining. If there are significant changes in oil prices or the supply-demand relationship of styrene resulting in drastic fluctuations in raw material prices, the company may not be able to effectively offset cost pressures through conventional cost transfer mechanisms, leading to a decrease in the company's gross margin. Furthermore, significant fluctuations in raw material prices may pose significant management challenges for the company in inventory management, production cost control, pricing mechanism, etc., which could result in operational performance risks. 10. Shandong Dongyue Silicone Material: Expects a year-on-year net profit increase of 397% to 451% in the first quarter, driven by rising prices of main products in the silicon industry Shandong Dongyue Silicone Material announced that it expects a net profit attributable to shareholders of the listed company of 183 million to 203 million yuan in the first quarter of 2026, a year-on-year increase of 397.02% to 451.34%. Since December 2025, due to improvements in the market environment and industry supply-demand patterns, the prices of the company's main products in the silicon industry have risen and returned to a reasonable range, leading to a significant increase in the company's product gross margin. Additionally, the company continues to promote refined management and internal potential tapping, maintain stable production operations, control costs effectively, and further enhance profitability. 11. Guandian Defense Technology: Investigated by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations Guandian Defense Technology announced that on April 3, 2026, it received a "Notice of Institution of a Case" from the China Securities Regulatory Commission (referred to as the "CSRC"). The company is being investigated for suspected violations of information disclosure laws and regulations, and in accordance with the Securities Law of the People's Republic of China and the Administrative Penalty Law of the People's Republic of China, the CSRC has decided to initiate a case against the company. 12. Yunnan Lincang Xinyuan Germanium Industry: Plans to invest 189 million yuan in building a high-quality indium phosphide monocrystalline chip project to meet the demand in the optical communication market Yunnan Lincang Xinyuan Germanium Industry announced that its controlling subsidiary, Yunnan Xinyao, plans to implement the "High-Quality Indium Phosphide Monocrystalline Chip Construction Project." The project has a total planned investment of 189 million yuan, with Yunnan Xinyuan expanding its capacity on the basis of existing production capacity to ultimately reach an annual production capacity of 450,000 pieces (equivalent to 4 inches) of high-quality indium phosphide monocrystalline chips. In recent years, with rapid growth in demand in the optical communication market, high-speed optical modules have entered the deployment stage on a large scale, downstream manufacturers are increasingly demanding indium phosphide monocrystalline chips, and they are also raising higher requirements for size and quality. Through this project investment, the company plans to further expand its production capacity to better meet the growing market demand. 13. Hubei Xingfa Chemicals Group: Plans to invest 1.381 billion yuan in a new 100,000 tons/year battery-grade lithium iron phosphate project Hubei Xingfa Chemicals Group announced that its wholly-owned subsidiary Inner Mongolia Xingfa Technology Co., Ltd. plans to invest 1.381 billion yuan to build a new 100,000 tons/year battery-grade lithium iron phosphate project in Wuda Industrial Park, Economic Development Zone, Wuhai City, Inner Mongolia. The project's construction period is estimated to be 6 months, with funding coming from self-owned funds and bank loans. Currently, the project has completed the filing, land planning permit, energy evaluation, and environmental impact assessment approvals. 14. Zhuhai Zhongfu Enterprise: Hengqin Xingying will become the controlling shareholder of the company, and the company's stock will resume trading on April 7 Zhuhai Zhongfu Enterprise announced that the company plans to issue A-shares to specific targets, with Hengqin Xingying intending to subscribe in full with cash for no more than 283 million shares. After the issuance is completed, Hengqin Xingying's shareholding ratio will reach 18.03%, making it the company's controlling shareholder, and the actual controller of the company will change to Huang Zhihao. The company's stock will resume trading from the opening of the market on April 7. Stock Risk Alerts 1. China Merchants Energy Shipping: Warns about risks of continued significant fluctuations in shipping market freight rates 2. Tianjin Tianyao Pharmaceuticals: Warns about risks of consecutive daily limit increases in stock prices 3. Routon Electronic: Receives regulatory work letter regarding delisting of shares 4. TDG Holding: Company and related personnel receive warning letter from Zhejiang Securities Regulatory Bureau 5. Shaanxi Broadcast & TV Network Intermediary: Ordered by Shaanxi Securities Regulatory Bureau to correct for delayed disclosure of lawsuit information 6. Jiangsu Chinagreen Biological Technology Group: Warns of stock trading abnormal fluctuations, plans to invest in bull liver mushroom factory project 7. Jiangsu Xinri E-Vehicle: Lawsuit with Zhejiang Narada Power Source sent back for retrial and filed, involving 565 million yuan 8. China TransInfo Technology: Receives warning letter from Zhejiang Securities Regulatory Bureau 9. Vohringer Home Technology: Receives decision letter on administrative supervision measures 10. Jiangsu General Science Technology: Shareholders holding more than 5% receive warning letter 11. Jinfa Labi Maternity & Baby Articles: Performance commitment provider of Hanfei Investment receives decision letter for administrative supervision measures from Guangdong Securities Regulatory Bureau 12. Juewei Food Co., Ltd.: Liquidates total tax and overdue fines amounting to 342 million yuan Key Company Performance Overview 1. Shanghai International Port: Expects to complete handling of 4.692 million TEUs in March, up by 8.8% year-on-year 2. Jinxi Axle: Annual net profit for 2025 is 29 million yuan, up by 24.59% year-on-year 3. Feilong Auto Components: Expects a year-on-year net profit decline of 42.92%-59.23% in the first quarter 4. Xinjiang Tianshan Animal Husbandry Bio-engineering: March livestock sales revenue up by 8386.98% year-on-year 5. Anhui Jianghuai Automobile Group Corp., Ltd.: Records a net loss of 1.703 billion yuan for 2025 6. Guizhou Transportation Planning Survey & Design Academe: Records a net loss of 386 million yuan for 2025 7. Shandong Hi-speed: Net profit for 2025 is 3.206 billion yuan, up by 0.30% year-on-year 8. Shaanxi Jinye Science Technology and Education Group: Records a net loss of 224 million yuan for 2025 9. Hunan Energy Group Development: Net profit for 2025 is 72.1378 million yuan, up by 6.39% year-on-year 10. Hubei Xingfa Chemicals Group: Net profit for 2025 is 1.492 billion yuan, down by 6.83% year-on-year Share Repurchase & Insider Trading 1. Wuchan Zhongda Group: Plans to repurchase shares for 200 million to 400 million yuan 2. ShiJiaZhuang Kelin Electric: Shareholders and directors plan to reduce their holdings by a total of less than 3% of the company's shares 3. Jushen Logistics Group: Plans to invest in the construction of a comprehensive logistics and warehousing project for up to 100 million yuan 4. Xi'an Novastar Tech: Plans to repurchase company shares for 50 million to 100 million yuan 5. ABA Chemicals Corporation: Plans to raise funds through private placement of no more than 1.005 billion yuan 6. Guangdong Enpack Packaging: CFO Huang Yongsong plans to reduce holdings by 0.01% 7. Shaanxi Beiyuan Chemical Industry Group: Shaanxi Hengyuan Investment has reduced holdings by 1%, plans to reduce by 2% 8. Beijing UniStrong Science & Technology: Plans to list the 100% equity stake in Jiangsu Jinwei for 45.903 million yuan Large Order Signings 1. Sichuan Road & Bridge Group: Subsidiary wins 6.069 billion yuan project for Nanchong to Guang'an railway 2. Xizi Clean Energy Equipment Manufacturing: Wins contract for approximately 63.45 million yuan gas turbine supporting project 3. Guangdong Wenke Green Technology Corp., Ltd.: Signs 50.8162 million yuan landscape engineering construction contract 4. ChinaEtek Service & Technology: Signs network security business contracts with some clients 5. Qinglong Pipes Industry Group: Signs 101 million yuan buy-sell contract This article was originally published on "Tencent Stock Selection". GMTEight Editor: Xu Wenqiang.