1. Cambricon Technologies announced on February 27 that it achieved a net profit attributable to shareholders of 2.059 billion yuan in 2025, turning a profit after a loss in the previous year. This was primarily due to a significant 453.21% year-on-year increase in operating revenue, which reached 64.97 billion yuan. The company benefited from rising demand for computing power in the artificial intelligence sector, allowing it to expand its market presence and advance AI application scenarios.
2. Metax Integrated Circuits (Shanghai) Co., Ltd. reported on February 27 that its net loss attributable to shareholders narrowed by 44.53% year-on-year in 2025. The company's total operating revenue surged 121.26% to 1.644 billion yuan, driven by a notable increase in shipments of its GPU products, which gained broader recognition and ongoing purchases from downstream customers.
3. Moore Threads Intelligent Technology disclosed on February 27 that its net loss narrowed by 36.70% year-on-year in 2025, while operating revenue rose 243.37% to 1.506 billion yuan. The company's total assets and shareholders' equity also saw substantial growth. Benefiting from AI industry development and strong demand for high-performance GPUs, the company's product competitiveness and market recognition improved, leading to higher revenue and gross profit. However, the firm remains in a high R&D investment phase and has not yet achieved profitability.
4. Lingyung Electric Control announced on February 27 that its net profit attributable to shareholders increased by 745.02% year-on-year in 2025, reaching 135 million yuan. Operating profit surged 1,574.60%, although total operating revenue saw a slight decline of 0.17% to 1.194 billion yuan.
5. Huicheng Technology revealed on February 27 that it is planning to issue H-shares and list on the Hong Kong Stock Exchange. The company is in discussions with intermediaries, but specific details have not been finalized. The plan is subject to approvals from the board, shareholders, and relevant regulatory authorities.
6. Jierong Technology announced on February 27 that the company, its controlling shareholder, and actual controller Zhao Xiaoqun received a formal investigation notice from the China Securities Regulatory Commission due to suspected violations of information disclosure regulations. The company stated it will cooperate fully with the investigation.
7. Zhongying Technology disclosed on February 27 that it plans to acquire at least 51% of Yingzhong Electric Co., Ltd. through a cash transaction, which is expected to constitute a major asset reorganization. The target company is a professional supplier of insulating fiber materials and related products for power transmission and transformation equipment.
8. Saisi Technology announced on February 27 that its stock price had experienced abnormal fluctuations, rising significantly over three consecutive trading days. The company clarified that its ammonium perrhenate products have not yet been sold externally, and its molybdenum processing business is still in early stages, with limited expected impact on revenue.
9. Jiangwu Equipment issued a risk warning on February 27, noting that its stock price had risen significantly and accumulated substantial trading risks, deviating from the company's fundamentals. The company denied media speculation about potential mine asset injections and reaffirmed its current focus on magnetic separation equipment.
10. Huasheng Tiancheng stated on February 27 that its cooperation with Huawei primarily involves purchasing Huawei's software and hardware products for project construction and operational needs. This business represents a small portion of the company's global revenue and does not significantly impact its performance.
11. Fuhong New Materials announced on February 27 that it received a regulatory decision from the Shenzhen branch of the CSRC, citing inaccuracies in financial data related to revenue, accounts receivable, cost, and inventory in 2024 and prior years. The company was ordered to make corrections.
12. Xinan Clean announced on February 27 that its actual controller and chairman, Wei Yantian, is under investigation and has been placed in residential surveillance by the Chongqing Qijiang District Supervisory Commission. The company stated that its operations remain normal and the situation will not significantly impact business.
13. Kingsoft Office announced on February 27 that its net profit attributable to shareholders increased by 12.03% year-on-year in 2025 to 1.843 billion yuan, with operating revenue rising 15.78% to 59.29 billion yuan.
14. Francotyp-Postalia announced on February 27 that its stock will remain suspended from trading starting March 2, 2026, as the controlling shareholders are planning a share transfer that may lead to a change in control. The transaction is still under discussion, and no formal agreement has been signed.
15. Jinko Solar reported on February 27 that its net profit attributable to shareholders decreased by 6,959.50% year-on-year in 2025, resulting in a loss of 67.859 billion yuan. Operating revenue fell 29.18% to 654.919 billion yuan, impacted by volatility in global photovoltaic supply chain prices and trade protection policies in overseas markets.
Earnings Previews/Reports: 1. Aolaide: Q1 net profit expected to increase 175%-234% year-on-year. 2. AMEC: 2025 net profit approximately 2.111 billion yuan, up 30.69%. 3. ZKFT: 2025 net profit 57.7124 million yuan, turning profitable. 4. Zhuoyi Information: 2025 net profit 82.1216 million yuan, up 150.05%. 5. Huafeng Technology: 2025 net profit 360 million yuan, turning profitable. 6. Shengyi Electronics: 2025 net profit 1.473 billion yuan, up 343.76%. 7. Tuojing Technology: 2025 net profit approximately 929 million yuan, up about 35.05%. 8. UCloud: 2025 net loss narrowed by 68.19%, profitable in Q4. 9. Shijia Photons: 2025 net profit 342 million yuan, up 426.15%. 10. Ruicheng Intelligent: 2025 net profit 35.2719 million yuan, up 120.44%. 11. Junshi Biosciences: 2025 net loss 874 million yuan, narrowed from 1.281 billion yuan. 12. Dekeli: 2025 net profit down 27%; telecom transmission product gross margin fell, but DCI orders grew rapidly. 13. Kexing Biopharm: 2025 net profit 159 million yuan, up 406.47%. 14. Guoke Military Industry: 2025 net profit 248 million yuan, up 24.55%. 15. Fuling Zhacai: 2025 net profit 768 million yuan, down 3.93%. 16. Biwin Storage: 2025 net profit up 438%, storage business grew significantly. 17. Montage Technology: 2025 net profit 2.236 billion yuan, up 58%.
Share Buybacks & Changes in Holdings: 1. Microchip Biology: Chairman proposes share buyback up to 120 million yuan. 2. Binhu股份: Largest shareholder Hey Investment plans to increase holdings by 85-167 million yuan. 3. Narui Radar: To acquire 100% of Tianjin Sigma Microelectronics Technology from 12 parties. 4. Runhe Software: Plans to sell up to 4.8797 million repurchased shares. 5. Riying Electronics: Actual controller Shi Rongzhu plans to reduce holdings by 3%. 6. Weisabo: Controlling shareholder Weisabo Environmental Materials Holdings reduced holdings by 2.99%. 7. Juguang Technology: Controlling shareholder Liu Xingsheng plans to reduce holdings by up to 0.5564%. 8. New Scenery: Shareholder Xu Lin reduced holdings by 0.0011%. 9. Meilian New Materials: Shareholders plan to reduce holdings by up to 4% collectively. 10. Fangda Special Steel: Shareholder Xu Huigong plans to reduce holdings by up to 1%. 11. Jieya Shares: Shareholder Mingyuan Fund and related parties plan to reduce holdings by up to 4.99%. 12. Shenghui Integration: Shareholder Suzhou Songhui plans to reduce holdings by up to 1%. 13. Zhenghai Bio: Shareholder Longwood plans to reduce holdings by up to 2%. 14. Wuhan Tianyuan: Shareholder Tianyuan Advantage plans to reduce holdings by up to 1.93%. 15. Changhua Chemistry: Shareholders plan to reduce holdings by up to 1.4443 million shares.
Major Contracts: 1. China Oil Engineering: Signed new contracts worth 10.989 billion yuan in January, up 9.15%. 2. Limin Group: Signed up to 6-year agrochemical supply contract with Bayer, total value about 1.6 billion yuan. 3. Zhongke Haixun: Won bid for information processing equipment project, total value about 288 million yuan. 4. Fenda Technology: Received new order for AI pet companion robot from a Beijing-based smart hardware startup. 5. Yinfei Storage: Won equipment procurement project worth 87.097 million yuan. 6. Wanji Technology: Selected for a procurement project by Jiangsu Mobile Information System Integration Co., Ltd. 7. Chengdi Xiangjiang: Subsidiary renewed IDC business agreement with Shanghai Unicom, estimated value 642 million yuan.
Other Announcements: 1. Huana Pharmaceutical: Subsidiary passed GMP certification from Brazil's National Health Surveillance Agency. 2. Shanghai Pharmaceuticals: Pregabalin capsules received drug registration certificate in the Philippines.
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