Mergers and Acquisitions
Tianyu Shares: Plans to acquire 87.82% equity of Shanghai Xingke for RMB 334 million
Tianyu Shares announced that the company plans to acquire 87.8173% equity of Shanghai Xingke High Purity Solvent Co., Ltd. by paying cash at a price of 334 million yuan. After the completion of this transaction, Shanghai Xingke will become the company's holding subsidiary.
Shunfa Henneng: Plans to acquire 49% equity of Shunfa Deneng and 100% equity of Puxing Jingxing
Shunfa Henneng announced that the company and relevant parties signed equity transfer agreements respectively to acquire 49% of Shunfa Deneng’s equity for 113 million yuan; and 100% of Puxing Jingxing’s equity for 147 million yuan. After the transaction was completed, Shunfa Deneng and Puxing Jingxing became the company's wholly-owned subsidiaries.
Gaoling Information: Plans to acquire 89.49% shares of CareStar
Gaoling Information announced that the company plans to purchase 89.49% of CareStar shares from 20 counterparties by issuing shares and paying cash, and raise supporting funds. After the acquisition, the company will realize a complete product chain covering terrestrial communications, satellite communications, security and data services.
Increase or decrease holdings
Mingyang Electric: Shareholder Huahui Consulting plans to reduce its holdings by no more than 1.23% of the company’s shares
Mingyang Electric announced that shareholder Zhongshan Huahui Enterprise Management Consulting Partnership (Limited Partnership) plans to reduce its holdings of the company's shares by no more than 3.84 million shares through centralized bidding or block transactions, accounting for no more than 1.23% of the company's total share capital.
Uni-President Shares: Shareholder Rongsheng Investment plans to reduce its holdings by no more than 3% of its shares
Uni-President Shares announced that shareholder Rongsheng Investment plans to reduce the total number of shares held by no more than 5.7606 million shares through centralized bidding or block transactions, and the reduction ratio shall not exceed 3% of the company's total share capital.
performance disclosure
SF Holding: Net profit attributable to parent company will increase by 9.31% year-on-year in 2025
SF Holding released its annual report, showing that in 2025, it will achieve operating income of 308.227 billion yuan, a year-on-year increase of 8.37%; net profit attributable to the parent company is 11.117 billion yuan, a year-on-year increase of 9.31%.
Montage Technology: Net profit attributable to parent company will increase by 58.35% year-on-year in 2025
Montage Technology released its annual report, showing that in 2025, it will achieve operating income of 5.456 billion yuan, a year-on-year increase of 49.94%; net profit attributable to the parent company is 2.236 billion yuan, a year-on-year increase of 58.35%.
Yonghui Supermarket: Loss of 2.55 billion yuan in 2025
Yonghui Supermarket released a performance report for 2025. In 2025, it achieved operating income of 53.508 billion yuan, a year-on-year decrease of 20.82%; the net profit attributable to the parent company was a loss of 2.550 billion yuan.
Risk matters
Hongxing Shares: Director Su Qiwen was sentenced to two months’ detention in accordance with the law for dangerous driving.
Hongxing Co., Ltd. announced that it recently received a notice from the company's director Su Qiwen. According to the "Criminal Judgment" issued by the People's Court of Yuexiu District, Guangzhou City, Su Qiwen was sentenced to two months of criminal detention in accordance with the law, suspended for three months (the probation period is from March 17, 2026 to June 16, 2026), and was fined 3,000 yuan.
Gimpu Titanium: A wholly-owned subsidiary received the "Notice of Transfer for Review and Prosecution" from the Yizheng City Public Security Bureau
Gimpu Titanium announced that its wholly-owned subsidiary Nanjing Titanium Dioxide Chemical Co., Ltd. received the "Notice of Transfer for Review and Prosecution" from the Yizheng City Public Security Bureau on the afternoon of March 27. The "Notice" stated that the environmental pollution case involving Nanjing Titanium Dioxide has been transferred to the Yizheng City People's Procuratorate for review and prosecution. The company learned from Nanjing Titanium Dioxide that due to the solid waste accumulation incident in Fangniu Mountain, Qingshan Town, Yizheng City, Nanjing Titanium Dioxide was suspected of environmental pollution. The case has been transferred by the Yizheng City Public Security Bureau to the People's Procuratorate for review and prosecution.
*ST Xingnong: fined 2.5 million yuan for false records in the 2023 annual report
*ST Xingnong announced that on March 30, the company received the "Administrative Penalty Decision" issued by the Zhejiang Securities Regulatory Bureau. In 2023, Xingguang Zhiyuan, a wholly-owned subsidiary of *ST Xingnong, carried out false cotton harvesting, consulting services, promotion services and other businesses, resulting in false records in the 2023 annual report. The Zhejiang Securities Regulatory Bureau decided to give the company a warning and impose a fine of 2.5 million yuan.
