1. Changling Hydraulics announced that Hexin Polang intends to launch a partial tender offer to acquire 12% of the company's shares, with an offer price of 35.82 yuan per share. The offer is conditional upon the successful completion of a block share transfer agreement. The offer period will span 33 calendar days, from February 5, 2026, to March 9, 2026. The acquirer has deposited 126 million yuan into a designated account as a performance bond. Upon completion, Hexin Polang and its concert parties could hold up to 41.99% of the company's total shares.
2. S.F. Holding disclosed that as of January 31, 2026, it had cumulatively repurchased 48.2887 million of its A-shares. The repurchases, conducted via centralized bidding since September 3, 2025, amounted to approximately 1.9 billion yuan (excluding transaction fees), representing 0.96% of the total share capital. The average repurchase price was 39.34 yuan per share.
3. Union Memory Technology reported its 2025 financial results, achieving an operating revenue of 13.31 billion yuan, a year-on-year increase of 13.42%. Net profit attributable to shareholders reached 142 million yuan, up 20.36% YoY, while adjusted net profit surged 130.29% to 101 million yuan.
4. Guangdong Electric Power announced that the No. 4 unit of the Maoming Bohe Power Plant project, constructed by its subsidiary, has successfully completed a 168-hour full-load trial operation and commenced commercial operation. This marks the full completion of the project, which features two 1000MW ultra-supercritical coal-fired generating units. The total project investment was 7.484 billion yuan, with an estimated annual power generation capacity of 8.6 billion kWh.
5. Weiyuan股份 disclosed that its 250,000-ton-per-year electrolyte solvent project has recently commenced production, successfully yielding qualified products. This project expands the company's production capacity for electronic-grade propylene carbonate, dimethyl carbonate, and other solvents, integrating and completing its new energy industrial chain.
6. Dingxin Communication announced that its Director and Deputy General Manager, Yuan Zhishuang, has received a warning and a fine of 120,000 yuan from the China Securities Regulatory Commission (CSRC) for suspected short-swing trading of the company's shares. The trading activities in question occurred between November 25 and 27, 2025.
7. Raindrop Pharmaceutical stated that its stock price has experienced abnormal fluctuations. The company currently has a Class 1 innovative chemical drug, Higenamine Hydrochloride Injection, under review. It emphasized the inherent uncertainties in the drug approval process and cautioned that successful approval and commercialization would not significantly impact short-term performance.
8. Litong Electronics, after two consecutive trading days hitting the upper limit, issued a clarification. The company stated that the research and development of its liquid cooling products is still in preliminary stages, with no concrete development or production plans. It also denied rumors regarding a proprietary liquid cooling technology, a computing power scheduling platform, a data center project in Malaysia, and a $300 million overseas equipment contract.
9. Yangtze Optical Fibre and Cable addressed recent market concerns, stating that the global optical fiber and cable market environment remains normal. It noted that price fluctuations' impact on future performance needs comprehensive assessment based on market conditions. The company also highlighted that new products related to data centers currently constitute a small portion of global market demand and advised investors to be cautious.
**Performance Previews/Reports** 1. SAIC Motor Corporation Limited reported January wholesale vehicle sales of 327,000 units, a 23.9% increase year-on-year. 2. Shanghai International Port (Group) Co., Ltd. estimated January container throughput at 5.063 million TEUs, up 1.3% YoY. 3. Dongfeng Honda recorded January sales of 31,377 vehicles, growing 4.4% compared to the previous year. 4. XPeng Inc. delivered 20,011 new vehicles in January 2026.
**Share Repurchases & Changes in Holdings** 1. Trina Solar has cumulatively repurchased 43.6032 million shares, accounting for 1.86% of its total share capital. 2. XGIMI Technology plans to repurchase shares worth 50 to 100 million yuan for employee incentive plans. 3. Hongxiang股份 intends to transfer 100% equity of Nantong Hanlan New Energy Co., Ltd. to Fujian Mingao for 120 million yuan. 4. The combined shareholding of Ninebot Limited's actual controller and director has decreased from 20.49% to 17.49%.
**Major Contract Awards** 1. Far East Co., Ltd.'s subsidiaries secured contracts worth over 3.075 billion yuan in January. 2. Chongqing Construction Engineering Group, as part of a consortium, won a project valued at 673 million yuan, with its portion being 446 million yuan. 3. Jichuan Pharmaceutical's wholly-owned subsidiary signed an exclusive commercialization agreement.
**Other Announcements** 1. Solargiga Energy Holdings Limited's subsidiary was selected for a major environmental technology innovation task list. 2. Southwest Securities received approval from the CSRC for the public issuance of corporate bonds.
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