--- title: "Important announcements to watch for tonight - OmniVision Group plans to increase its investment in Rongxin Semiconductor by 1 billion yuan; the chairman of JSHL, Wang Liping, the richest man in Changzhou, has been detained" type: "News" locale: "en" url: "https://longbridge.com/en/news/279955992.md" description: "Announcement this evening: JSHL Chairman Wang Liping has been detained, PYHB actual controller Wang Hongchun has been prosecuted for insider trading; OmniVision Group plans to increase its investment in Rongxin Semiconductor by 1 billion yuan in cash. DBN Group's former actual controller Shao Genhuo has passed away, and his spouse Mo Yun will inherit 696 million shares, becoming the controlling shareholder" datetime: "2026-03-20T13:57:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279955992.md) - [en](https://longbridge.com/en/news/279955992.md) - [zh-HK](https://longbridge.com/zh-HK/news/279955992.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279955992.md) | [繁體中文](https://longbridge.com/zh-HK/news/279955992.md) # Important announcements to watch for tonight - OmniVision Group plans to increase its investment in Rongxin Semiconductor by 1 billion yuan; the chairman of JSHL, Wang Liping, the richest man in Changzhou, has been detained Important announcements to watch tonight——JSHL: The company's actual controller and chairman Wang Liping has been detained; PYHB: One of the actual controllers, Wang Hongchun, has been prosecuted for insider trading; OmniVision Group: Plans to increase capital in Rongxin Semiconductor by 1 billion yuan in cash. **【Major Events】** JSHL: The company's actual controller and chairman Wang Liping has been detained On March 20, JSHL (601100) announced that it recently received a notification from the family of the company's actual controller and chairman Wang Liping, stating that he received the "Case Filing Notice" and "Detention Notice" issued by the Jiangsu Provincial Supervisory Committee, and Wang Liping has been detained. PYHB: One of the actual controllers, Wang Hongchun, has been prosecuted for insider trading On March 20, PYHB (300664.SZ) announced that one of the company's actual controllers, Wang Hongchun, received a "Prosecution Letter" from the Wuxi People's Procuratorate of Jiangsu Province and a "Summons" from the Wuxi Intermediate People's Court on March 19, 2026, for suspected insider trading. Wang Hongchun does not hold a director or senior management position in the company, and this matter is a personal affair that will not have a significant impact on the company's daily production and operations. Currently, the production and operational order of the company and its subsidiaries is normal, and business is progressing steadily. OmniVision Group: Plans to increase capital in Rongxin Semiconductor by 1 billion yuan in cash On March 20, OmniVision Group (603501) announced that it plans to increase capital in Rongxin Semiconductor (Ningbo) Co., Ltd. (hereinafter referred to as "Rongxin Semiconductor") by 1 billion yuan in cash to hold approximately 32.18 million yuan of registered capital. Based on this round of capital increase of 4 billion yuan, after the completion of this capital increase, the company is expected to hold approximately 5.88% of its registered capital. DBN Group: Former actual controller Shao Genhuo has passed away, and his spouse Mo Yun will inherit 696 million shares and become the controlling shareholder and actual controller of the company On March 20, DBN Group (002385.SZ) announced that the company's former actual controller Shao Genhuo passed away on February 3, 2026, holding 928 million shares of the company (accounting for 21.58% of the total share capital) before his death. According to the notarized document, half of these shares will be inherited by his spouse Mo Yun and their minor daughter Shao XX as part of the estate. After the division of community property and inheritance arrangements, Mo Yun will inherit 696 million shares (16.18%), and Shao XX will inherit 232 million shares (5.39%). Since Shao XX is a minor, the voting rights corresponding to her shares will be exercised by Mo Yun, giving Mo Yun a total voting rights control ratio of 21.58%. After this equity change, the company's controlling shareholder and actual controller will change to Mo Yun. Yuntu Holdings: Wholly-owned subsidiary's 700,000-ton synthetic ammonia project has completed trial production On March 20, Yuntu Holdings (002539) announced that its wholly-owned subsidiary Yingcheng Chemical Company successfully started the 700,000-ton synthetic ammonia project, producing qualified synthetic ammonia products and officially entering the trial production phase, achieving stable operation at full load. At the same time, the supporting 1 million-ton compound fertilizer project has also entered the trial production phase, with the 500,000-ton production line reaching full load production, and the remaining supporting production lines will be gradually completed and put into production Jiemite: Plans to Purchase 21.5% Equity in Dellmond for 129 Million Yuan Jiemite (300868) announced on March 20 that the company intends to purchase 21.5% equity in Shenzhen Dellmond Technology Co., Ltd. (referred to as "Dellmond") for a transaction price of 129 million yuan, funded by the company's own funds and self-raised funds. The company aims to broaden its industrial layout and create new performance growth points through this transaction. Jiyou Co., Ltd.: Stock to be Subject to Delisting Risk Warning Jiyou Co., Ltd. (603429) announced on March 20 that according to the relevant provisions of the "Stock Listing Rules": "(1) The lower of the audited total profit, net profit, or net profit after deducting non-recurring gains and losses for the most recent fiscal year is negative, and operating income is less than 300 million yuan, or after retrospective restatement, the lower of the total profit, net profit, or net profit after deducting non-recurring gains and losses for the most recent fiscal year is negative, and operating income is less than 300 million yuan," the company's stock will be subject to a delisting risk warning (with "\*ST" added before the stock abbreviation) after the disclosure of the 2025 annual report. The suspension date is March 23. The implementation start date is March 24. After implementation, the A-share abbreviation will be \*ST Jiyou. The company's board of directors has actively researched and formulated long-term measures to enhance the company's profitability and improve its production, operation, and profit situation. \*ST Aowei: Received Decision on Stock Termination of Listing \*ST Aowei (002231) announced on March 20 that the company received a decision from the Shenzhen Stock Exchange regarding the termination of listing of Aowei Communication Co., Ltd. stock. The company's stock was subject to termination of listing due to triggering mandatory delisting conditions, and the stock will not enter a delisting adjustment period. The stock will be delisted within fifteen trading days after the decision is made. After the termination of listing, the stock will be transferred to the National Small and Medium Enterprises Share Transfer System Co., Ltd., managed by the original securities company's agency share transfer system. Hongxin Electronics: Controlling Subsidiary Suihong Huachuang Plans to Introduce 200 Million Yuan Strategic Investment Hongxin Electronics (300657) announced on March 20 that the company's controlling subsidiary Shanghai Suihong Huachuang Technology Co., Ltd. (referred to as "Suihong Huachuang") plans to introduce external investor Suzhou Wuyue Hongchuang Venture Capital Partnership (Limited Partnership) (referred to as "Hongchuang Fund") through capital increase and share expansion. The Hongchuang Fund will subscribe to the newly registered capital of 5.2632 million yuan for 200 million yuan, to be paid in two installments. After the completion of this capital increase, Hongxin Electronics' shareholding in Suihong Huachuang will decrease from 60% to 57%, while Suihong Huachuang will remain a controlling subsidiary of the company. Additionally, Suihong Huachuang plans to invest in the construction of a national chip and model adaptation reform base in Changshu City, with a fixed asset investment of no less than 550 million yuan to be completed between 2026 and 2030, and to introduce no fewer than 20 ecological partner enterprises Kailong High-Tech: Plans to Sell Shares of Power New Science at an Appropriate Time Kailong High-Tech (300912) announced on March 20 that the company plans to sell its shares of Power New Science based on market conditions, with the number of shares not exceeding 4.5951 million. As of now, the company holds 4.5951 million unrestricted circulating shares of Power New Science, accounting for 0.33% of the total share capital of Power New Science. United Photonics: Applies to Shenzhen Stock Exchange to Suspend Review of Issuing Shares for Asset Acquisition and Fundraising United Photonics (300691) announced on March 20 that the company previously planned to acquire 100% of Dongguan Changyi Optoelectronics Co., Ltd. by issuing shares and raise supporting funds. Due to the need to adjust this transaction plan, the company has applied to the Shenzhen Stock Exchange to suspend the review of this transaction. Xidi Micro: Chengxin Micro has Become a Wholly-Owned Subsidiary of the Company Xidi Micro (688173) announced on March 20 that it previously announced plans to acquire 100% of Shenzhen Chengxin Micro Technology Co., Ltd. (hereinafter referred to as "Chengxin Micro") for 310 million yuan. Currently, all the closing conditions stipulated in the Share Transfer Agreement have been met, Chengxin Micro has amended its articles of association and shareholder register, and the company has appointed three directors to Chengxin Micro. Chengxin Micro has completed the business registration and filing procedures related to this transaction, including shareholder changes, amendments to the articles of association, and changes in directors, as stipulated in the Share Transfer Agreement on March 20, 2026 (referred to as "Closing Date"), and has obtained a new business license issued by the Shenzhen Market Supervision Administration. From the Closing Date, Chengxin Micro becomes a wholly-owned subsidiary of the company. Honghe Technology: Plans to Issue H Shares and List on the Main Board of the Hong Kong Stock Exchange Honghe Technology (603256) announced on March 20 that the company is planning to issue overseas shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange. Suda Co., Ltd.: Actual Controller and Chairman Li Xiyuan Has Been Released from Detention Suda Co., Ltd. (001277) announced on March 20 that the company's actual controller and chairman Li Xiyuan has been released from detention by the Bengbu Municipal Bengshan District Supervisory Committee. Currently, Li Xiyuan can perform his duties as chairman of the company normally, and the company's production and operation situation is normal. Jinghua New Materials: Plans to Invest 600 Million Yuan to Expand Electronic and Optical Adhesive Materials Project Jinghua New Materials (603683) announced on March 20 that recently, the company's wholly-owned subsidiary Jiangsu Jinghua New Materials Technology Co., Ltd. (hereinafter referred to as "Jiangsu Jinghua") signed an "Investment Intent Letter" with the Management Committee of Zhangjiagang Bonded Zone in Jiangsu Province. The project plans to invest 600 million yuan in fixed assets to expand the electronic and optical adhesive materials project in the Jiangsu Yangtze River International Chemical Industrial Park. The project plans to cover a total area of 85 acres and mainly engage in the research and development and production of various electronic and optical material products. Postal Savings Bank: Zhongyou Investment Approved to Commence Operations with Registered Capital of 10 Billion Yuan Postal Savings Bank (601658) announced on March 20 that it recently received the "Approval from the National Financial Supervision and Administration on the Commencement of Operations of Zhongyou Financial Asset Investment Co., Ltd." According to the approval, Zhongyou Financial Asset Investment Co., Ltd. (referred to as Zhongyou Investment), which is being established by Postal Savings Bank, has been approved to commence operations, with a registered capital of 10 billion yuan Registered in Beijing. Zhongmin Energy: Plans to invest in the 80MW fish-solar complementary photovoltaic power station project in Zhaoan, Fujian Province Zhongmin Energy (600163) announced on March 20 that it plans to invest in the construction of an 80MW fish-solar complementary photovoltaic power station project in Zhaoan, Zhangzhou City, Fujian Province. The total investment amount for the project is approximately 452 million yuan, with a construction capacity of 80MW for the centralized photovoltaic power station project. The construction content includes DC arrays, photovoltaic inverters, and internal collection lines. The company will invest in the project through the project company as the implementing entity. The registered capital of the project company is 90 million yuan, with the company holding a 51% stake and a subscribed capital contribution of 45.9 million yuan; Zhaoan Jinna Photovoltaic Power Co., Ltd. holds a 49% stake with a subscribed capital contribution of 44.1 million yuan. Xuelang Environment: Company signs restructuring investment agreement, stock to resume trading on March 23 Xuelang Environment (300385) announced on March 20 that the company has signed a "Restructuring Investment Agreement" with Shanghai Helixing Wanlian Technology Development Partnership (Limited Partnership) (referred to as "Helixing Wanlian") and other parties, along with the pre-restructuring facilitator. The parties confirmed that the total investment amount from the investors is 779 million yuan, corresponding to the transfer of a total of 187 million shares of Xuelang Environment. According to the agreement, Helixing Wanlian will become the controlling shareholder of the company after the restructuring is completed. The company's stock will resume trading on the morning of March 23, 2026. Satellite Chemical: Routine maintenance of 270,000 tons of acrylic acid and 200,000 tons of butyl acrylate plant Satellite Chemical announced on March 20 that, according to the company's annual maintenance plan, it will conduct routine maintenance on its wholly-owned subsidiary Pinghu Petrochemical Co., Ltd.'s plant for the annual production of 270,000 tons of acrylic acid and 200,000 tons of butyl acrylate starting from March 20, 2026, with an estimated maintenance period of 15 days. \*ST Mubang: Company fined 7 million yuan by Jiangxi Securities Regulatory Bureau for false records in periodic reports and private placement documents On March 20, \*ST Mubang (603398.SH) announced that the company and relevant parties received the "Administrative Penalty Decision" issued by the Jiangxi Securities Regulatory Bureau. Due to false records in the company's periodic reports and private placement documents, the company was ordered to rectify, given a warning, and fined 7 million yuan; the company's actual controller, Liao Zhiyuan, was warned and fined 8 million yuan. As of the announcement date, the company's production, operation management, and business activities are all proceeding normally, and the above matters will not have a significant impact on the company's production and operations. **【Performance】** Shouchao Securities: Net profit in 2025 expected to grow by 7.26%, plans to distribute 0.68 yuan per share Shouchao Securities (601136) released its 2025 annual report on March 20, reporting an operating income of 2.528 billion yuan in 2025, a year-on-year increase of 4.58%; net profit attributable to the parent company was 1.056 billion yuan, a year-on-year increase of 7.26%; basic earnings per share were 0.39 yuan The company plans to distribute a cash dividend of 0.68 yuan (tax included) for every 10 shares to all shareholders. China Duty Free Group performance quick report: 2025 net profit of 3.586 billion yuan, a year-on-year decrease of 15.97% China Duty Free Group (601888) released its 2025 annual performance quick report on March 20, stating that the total operating revenue for 2025 was 53.694 billion yuan, a year-on-year decrease of 4.92%; the net profit attributable to shareholders was 3.586 billion yuan, a year-on-year decrease of 15.97%. During the reporting period, in accordance with the requirements of enterprise accounting standards, the company made impairment provisions for goodwill of key subsidiaries, which had a certain impact on the company's net profit. Recently, the company has fully seized the opportunity of the implementation of the new duty-free policy in Hainan and the official closure of Hainan Island, with sales and customer traffic at key stores in Hainan reaching new highs during the Spring Festival. At the same time, the company is steadily advancing the equity and asset acquisitions of key projects as planned, achieving efficient transitions and openings of key airport stores, effectively accommodating the domestic consumption rebound and the incremental demand from global tourists. Espressif Technology: 2025 net profit increased by 46.72%, plans to distribute 5 yuan and issue 4 additional shares for every 10 shares Espressif Technology (688018) released its 2025 annual report on March 20, stating that the operating revenue for 2025 was 2.565 billion yuan, a year-on-year increase of 27.82%; the net profit attributable to shareholders was 498 million yuan, a year-on-year increase of 46.72%. The company plans to distribute a cash dividend of 5 yuan (tax included) for every 10 shares to all shareholders and issue 4 additional shares for every 10 shares. Quanxin Co., Ltd.: 2025 net profit increased by 66.62%, plans to distribute 0.6 yuan for every 10 shares Quanxin Co., Ltd. (300447) released its 2025 annual report on March 20, stating that the company achieved operating revenue of 839 million yuan, a year-on-year decrease of 7.89%; the net profit attributable to shareholders was 29.6549 million yuan, a year-on-year increase of 66.62%. Basic earnings per share were 0.1 yuan. The company plans to distribute a cash dividend of 0.6 yuan (tax included) for every 10 shares to all shareholders, with no bonus shares issued and no capital reserve converted into share capital. During the reporting period, the annual operating revenue decreased due to a decline in military product sales and the price drop of certain products; however, due to strategic focus and adjustments in product structure, the gross profit margin improved, while the company controlled expenses, strengthened accounts receivable collection, and reduced credit impairment, leading to an increase in profit levels. CITIC Bank: 2025 net profit increased by 2.98% CITIC Bank (601998) released its 2025 annual report on March 20, stating that the operating revenue for 2025 was 212.475 billion yuan, a year-on-year decrease of 0.55%. The net profit attributable to shareholders was 70.618 billion yuan, a year-on-year increase of 2.98%. Basic earnings per share were 1.2 yuan. The company plans to distribute a cash dividend of 1.93 yuan (tax included) for every 10 shares to all shareholders, with the total cash dividend for ordinary shares in 2025 amounting to 10.74 billion yuan, and the total cash dividends distributed throughout the year amounting to 21.201 billion yuan (3.81 yuan cash dividend for every 10 shares) During the reporting period, asset quality remained stable, and the non-performing loan ratio continued to decline. As of the end of the reporting period, the balance of non-performing loans was 67.216 billion yuan, an increase of 731 million yuan compared to the end of the previous year, a growth of 1.1%; the non-performing loan ratio was 1.15%, a decrease of 0.01 percentage points compared to the end of the previous year; the provision coverage ratio was 203.61%, a decrease of 5.82 percentage points compared to the end of the previous year. Chifeng Gold: 2025 net profit increased by 74.7% year-on-year, proposed cash dividend of 0.32 yuan per share Chifeng Gold (600988) released its 2025 annual report on March 20, with operating income of 12.639 billion yuan, a year-on-year increase of 40.03%; net profit attributable to shareholders of the listed company was 3.082 billion yuan, a year-on-year increase of 74.7%. Basic earnings per share were 1.69 yuan. The company proposed to distribute a cash dividend of 0.32 yuan per share (including tax) to all shareholders, with no bonus shares and no capital reserve conversion to increase share capital. During the reporting period, the net cash flow from operating activities was 5.556 billion yuan, a year-on-year increase of 69.97%, with significant improvements in all core performance indicators. China Railway Construction Heavy Industry: 2025 net profit decreased by 1.65% year-on-year, proposed cash dividend of 0.84 yuan for every 10 shares China Railway Construction Heavy Industry (688425) released its 2025 annual report on March 20, achieving operating income of 10.045 billion yuan in 2025, a year-on-year decrease of 0.01%; net profit attributable to the parent company was 1.483 billion yuan, a year-on-year decrease of 1.65%; basic earnings per share were 0.28 yuan. The company proposed to distribute a cash dividend of 0.84 yuan (including tax) for every 10 shares to all shareholders. Jindi Co., Ltd. performance report: 2025 net profit of 147 million yuan, a year-on-year increase of 47.86% Jindi Co., Ltd. (603270) released its 2025 performance report on March 20, with operating income of 2.02 billion yuan in 2025, a year-on-year increase of 49.07%; net profit attributable to the parent company was 147 million yuan, a year-on-year increase of 47.86%. During the reporting period, the delivery of the company's electric drive system rotor series products and wind power industry support products increased, leading to a significant increase in overall revenue scale. Jinpan Technology: 2025 net profit increased by 14.82% year-on-year, proposed cash dividend of 6.8 yuan for every 10 shares Jinpan Technology (688676) released its 2025 annual report on March 20, with operating income of 7.295 billion yuan in 2025, a year-on-year increase of 5.71%; net profit attributable to the parent company was 660 million yuan, a year-on-year increase of 14.82%; basic earnings per share were 1.44 yuan. The company proposed to distribute a cash dividend of 6.8 yuan (including tax) for every 10 shares to all shareholders. Longking Environmental Protection: 2025 net profit increased by 33.95% year-on-year, proposed cash dividend of 3.8 yuan for every 10 shares Longking Environmental Protection (600388) released its 2025 annual report on March 20, with operating income of 11.872 billion yuan in 2025, a year-on-year increase of 18.49%; net profit attributable to the parent company was 1.112 billion yuan, a year-on-year increase of 33.95%; Basic earnings per share of 0.88 yuan. Proposed cash dividend of 3.8 yuan per 10 shares (tax included). Great Wisdom: Net profit loss of 44.0257 million yuan in 2025, a year-on-year reduction in loss Great Wisdom (601519) released its 2025 annual report on March 20, 2025, with operating revenue of 827 million yuan, a year-on-year increase of 7.23%; net profit attributable to the parent company was a loss of 44.0257 million yuan, compared to a loss of 201 million yuan in the same period last year. The current period saw some business revenue growth compared to the same period last year, and the company continued to promote cost reduction and efficiency improvement, resulting in a significant decrease in costs and expenses, but the revenue growth was still insufficient to cover costs. Bomaike: Net profit decreased by 38.89% year-on-year in 2025 Bomaike (603727) released its 2025 annual report on March 20, 2025, with operating revenue of 1.9 billion yuan, a year-on-year decrease of 28.02%; net profit attributable to the parent company was 61.4478 million yuan, a year-on-year decrease of 38.89%; basic earnings per share of 0.22 yuan. Jianfa Hecheng: Net profit increased by 14.21% year-on-year in 2025, proposed 1.5 yuan per 10 shares Jianfa Hecheng (603909) released its 2025 annual report on March 20, 2025, with operating revenue of 7.635 billion yuan, a year-on-year increase of 15.53%; net profit attributable to the parent company was 109 million yuan, a year-on-year increase of 14.21%; basic earnings per share of 0.4189 yuan. Proposed cash dividend of 1.5 yuan per 10 shares (tax included) to all shareholders. Beikong Technology performance announcement: Net profit of 125 million yuan in 2025, a year-on-year increase of 17.71% Beikong Technology (600980) released its 2025 performance announcement on March 20, 2025, achieving total operating revenue of 1.307 billion yuan, a year-on-year increase of 10.03%; net profit attributable to the parent company was 125 million yuan, a year-on-year increase of 17.71%. During the reporting period, the company's operating revenue and profit achieved simultaneous growth, mainly due to the increase in revenue from mining and metallurgy equipment business. Sifang Jingchuang performance announcement: Net profit of 74.3013 million yuan in 2025, a year-on-year increase of 10.3% Sifang Jingchuang (300468) released its 2025 performance announcement on March 20, 2025, achieving total operating revenue of 631 million yuan, a year-on-year decrease of 14.76%; net profit attributable to shareholders of the listed company was 74.3013 million yuan, a year-on-year increase of 10.3%; basic earnings per share of 0.14 yuan. During the reporting period, overseas business revenue further increased, and multiple digital financial projects were delivered, continuously empowering several key financial infrastructure technologies. The company continued to promote internal control and operational management improvements during the reporting period, maintaining a healthy and stable financial condition. Xiangcai Co., Ltd.: Net profit of 464 million yuan in 2025, a year-on-year increase of 325.15% Xiangcai Co., Ltd. (600095) released its 2025 annual report on March 20, reporting total operating revenue of 2.42 billion yuan, a year-on-year increase of 10.37%; net profit attributable to shareholders was 464 million yuan, a year-on-year increase of 325.15%; basic earnings per share were 0.1629 yuan. During the reporting period, the company's operating revenue decreased by 31.62%, mainly due to the company's proactive reduction of trade scale, leading to a decline in trade revenue. During the reporting period, the domestic capital market was generally on the rise, with active market trading. The company's wholly-owned subsidiary, Xiangcai Securities, actively seized market opportunities and optimized asset allocation, with significant growth in wealth management and proprietary business performance, including brokerage, credit, and investment advisory, driving a substantial increase in the company's net profit compared to the same period last year. Shandong Haihua: 2025 Loss of 1.388 billion yuan as soda ash prices continue to decline Shandong Haihua (000822) released its 2025 annual report on March 20, reporting operating revenue of 4.745 billion yuan, a year-on-year decrease of 21.07%; net profit attributable to shareholders was a loss of 1.388 billion yuan, compared to a profit of 39.2167 million yuan in the same period last year, turning from profit to loss year-on-year. Basic earnings per share were -1.55 yuan. The main reasons for the loss during the reporting period were: first, the increase in soda ash industry capacity, a decline in downstream demand, and a continuous drop in soda ash prices, with the annual average price down 32% year-on-year; second, according to accounting standards, impairment provisions were made for certain fixed assets. Daotong Technology: 2025 Net profit increased by 46.02% year-on-year, proposed cash dividend of 5 yuan for every 10 shares Daotong Technology (688208) released its 2025 annual report on March 20, reporting operating revenue of 4.833 billion yuan, a year-on-year increase of 22.9%; net profit attributable to shareholders was 936 million yuan, a year-on-year increase of 46.02%; basic earnings per share were 1.42 yuan. It is proposed to distribute a cash dividend of 5 yuan for every 10 shares (tax included). Shanghai Bank Performance Flash Report: 2025 Net profit of 24.193 billion yuan, a year-on-year increase of 2.69% Shanghai Bank (601229) released its 2025 performance flash report on March 20, reporting operating revenue of 54.761 billion yuan, a year-on-year increase of 3.35%; net profit attributable to shareholders was 24.193 billion yuan, a year-on-year increase of 2.69%. At the end of 2025, the group's non-performing loan ratio was 1.18%, unchanged from the end of the previous year. Debang Lighting: 2025 Net profit decreased by 23.9% year-on-year, proposed cash dividend of 3.1 yuan for every 10 shares Debang Lighting (603303) released its 2025 annual report on March 20, reporting operating revenue of 4.324 billion yuan, a year-on-year decrease of 2.42%; net profit attributable to shareholders was 264 million yuan, a year-on-year decrease of 23.9%; basic earnings per share were 0.5651 yuan. It is proposed to distribute a cash dividend of 3.1 yuan for every 10 shares (tax included) Zhejiang Liming: Net profit in 2025 decreased by 41.61% year-on-year, proposed cash dividend of 2.8 yuan per 10 shares Zhejiang Liming (603048) released its 2025 annual report on March 20, 2025, with operating revenue of 727 million yuan, a year-on-year increase of 12.75%; net profit attributable to shareholders was 31.156 million yuan, a year-on-year decrease of 41.61%; basic earnings per share were 0.21 yuan. It is proposed to distribute a cash dividend of 0.28 yuan per share (tax included) to all shareholders. Fangda Special Steel: Net profit in 2025 increased by 280.18% year-on-year, proposed cash dividend of 2 yuan per 10 shares Fangda Special Steel (600507) released its 2025 annual report on March 20, 2025, with operating revenue of 18.233 billion yuan, a year-on-year decrease of 15.43%; net profit attributable to shareholders was 942 million yuan, a year-on-year increase of 280.18%; basic earnings per share were 0.407 yuan. It is proposed to distribute a cash dividend of 2 yuan per 10 shares (tax included). **【Reduction in Holdings】** Xinnatural Gas: Shareholder plans to reduce holdings of no more than 0.99% of the company's shares Xinnatural Gas (603393) announced on March 20 that shareholder Yin Xianfeng, who holds 3.48% of the shares, plans to reduce his holdings through centralized bidding, with the number of shares to be reduced not exceeding 4.2 million shares, accounting for no more than 0.99% of the company's total share capital, with the reduction price determined by market price. Quzhou Dongfeng: Multiple shareholders plan to collectively reduce holdings of no more than 0.81% of the company's shares Quzhou Dongfeng (601515) announced on March 20 that shareholders Huang Xiaojia, Chen Yujian, Zeng Qingming, and Zeng Qingtong plan to collectively reduce their holdings of the company's shares by no more than 15.5978 million shares (approximately 0.81% of the company's total share capital) through centralized bidding. Huang Xiaojia, Chen Yujian, Zeng Qingming, and Zeng Qingtong are all concerted actors of Hong Kong Dongfeng Investment Group Co., Ltd., which holds more than 5% of the company's shares. Delixi Shares: Shareholder Jinjiang Group plans to reduce holdings of no more than 3% of the company's shares Delixi Shares (002571) announced on March 20 that due to its own operational needs, the major shareholder Hangzhou Jinjiang Group Co., Ltd. (referred to as "Jinjiang Group"), which holds 10.56% of the shares, plans to reduce its holdings of no more than 11.7585 million shares of the company, which is no more than 3% of the company's shares, through centralized bidding and block trading, with the expected reduction period from April 15, 2026, to July 12, 2026. Wuhan Fangu: Controlling shareholder and its concerted actors plan to collectively reduce holdings of no more than 3% of the company's shares Wuhan Fangu (002194) announced on March 20 that the controlling shareholder, one of the actual controllers Meng Qingnan, who holds 6.43% of the shares, and his concerted actors Meng Fanbo (holding 5%) and Wang Kai (holding 1.94%) plan to collectively reduce their holdings of the company's shares by no more than 20.4986 million shares (i.e., no more than 3% of the company's total share capital) through centralized bidding and block trading Shanhe Intelligent: Shareholder plans to reduce holdings by no more than 1% of the company's shares Shanhe Intelligent (002097) announced on March 20 that due to funding arrangements and investment needs, shareholder He Qinghua, who holds 7.03% of the shares, plans to reduce his holdings by no more than 10.7462 million shares through centralized bidding, which is no more than 1% of the company's total share capital. Xinjin Road: Actual controller and chairman Liu Jiangdong plans to reduce holdings by no more than 2% of the company's shares Xinjin Road (000510) announced on March 20 that the largest shareholder, actual controller, and chairman Liu Jiangdong plans to reduce his holdings by no more than 2% of the company's shares through centralized bidding and block trading, totaling no more than 12.9709 million shares, of which no more than 1% will be reduced through centralized bidding and 1% through block trading. Yingfang Software: Shareholders plan to collectively reduce holdings by no more than 2.19% of the company's shares Yingfang Software (688435) announced on March 20 that the company's shareholder, director, deputy general manager, and core technical personnel Zhou Hua plans to reduce his holdings by no more than 1.6298 million shares, accounting for no more than 1.95% of the company's total share capital; the company's director, deputy general manager, and core technical personnel Chen Yongquan plans to reduce his holdings by no more than 203,300 shares, accounting for no more than 0.24% of the company's total share capital. **【Repurchase】** Lanjian Intelligent: Chairman proposes to repurchase company shares for 20 million to 40 million yuan Lanjian Intelligent (688557) announced on March 20 that the company's controlling shareholder, actual controller, and chairman Wu Yaohua proposed that the company use its own funds or self-raised funds (including special loans for stock repurchase) to repurchase part of the issued ordinary shares (A shares) through centralized bidding, and at a suitable time in the future, use the repurchased shares for employee stock ownership plans or equity incentives, with a total repurchase amount of no less than 20 million yuan (inclusive) and no more than 40 million yuan (inclusive). **【Resumption of Trading】** \*ST Busen: Controlling shareholder will change to Yanfeng Digital, stock will resume trading next Monday On March 20, \*ST Busen (002569.SZ) announced that the company's controlling shareholder Fang Weitongchuan signed a "Share Transfer Agreement" with Guangzhou Yanfeng Digital Technology Co., Ltd. (referred to as "Yanfeng Digital"). Fang Weitongchuan plans to transfer 21.3338 million shares (accounting for 14.81% of the company's total share capital) to Yanfeng Digital through a negotiated transfer, with a total transaction price of 301.575 million yuan, corresponding to a share price of 14.136 yuan/share. After the completion of this transaction, Yanfeng Digital will become the controlling shareholder of the company, and the actual controller Wang Bo will become the actual controller of the company. The company's stock will resume trading on March 23, 2026 (Monday) at the market opening. More exclusive planning and expert columns in the stock channel, free access \>\> ### Related Stocks - [OMNIVISION (00501.HK)](https://longbridge.com/en/quote/00501.HK.md) - [JSHL (601100.CN)](https://longbridge.com/en/quote/601100.CN.md) - [PYHB (300664.CN)](https://longbridge.com/en/quote/300664.CN.md) - [OmniVision Group (603501.CN)](https://longbridge.com/en/quote/603501.CN.md) - [DBN Group (002385.CN)](https://longbridge.com/en/quote/002385.CN.md) ## Related News & Research - [Availability of ICAPE Groupâs Full Year 2025 Financial Report](https://longbridge.com/en/news/281652749.md) - [Defence push quadruples with latest DAC approvals, execution to now be in focus](https://longbridge.com/en/news/281470473.md) - [01:52 ETHSG Laser Showcases at Global Industrie 2026: Demonstrating Technological Leadership](https://longbridge.com/en/news/281608153.md) - [11:01 ETPureHealth Research Liver Health Supplements Target Fatty Liver for Improved Daily Energy](https://longbridge.com/en/news/281689012.md) - [NATO is not designed to carry out operations in Strait of Hormuz, says junior French minister](https://longbridge.com/en/news/281359120.md)