Today's highlights
1. Lianxun Instruments: Projects net profit for the first three quarters to rise 1866%-2073% year-on-year. Lianxun Instruments announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 1.9 billion yuan to 2.1 billion yuan, a year-on-year increase of 1866%-2073%. The performance change is mainly due to the rapid development of artificial intelligence technology and continuously rising global computing power demand, accelerating data center construction, and sustained rapid growth in market demand in the high-speed optical communication sector, which drove sales growth of the company's communication test instrument products and optoelectronic device testing equipment.
2. Yuanjie Technology: Projects Q3 net profit to rise 578.85%-659.70% year-on-year, with CW product shipments continuing to grow and demand strong while product gross margins remain high. Yuanjie Technology announced that it expects net profit attributable to owners of the parent company for Q3 2026 to be 403 million yuan to 453 million yuan, a year-on-year increase of 578.85%-659.70%. The performance change is mainly due to revenue growth in the data center business, continued growth in CW product shipments and strong demand; the company's products are mainly data center products, and gross margins remain high; in addition, as business scale grows, the proportion of period expenses declined significantly year-on-year, and the net profit margin on sales increased substantially year-on-year.
3. Chaozhou Electronic: Projects Q3 net profit to rise 181%-206% quarter-on-quarter, with ample copper-clad laminate orders and rising selling prices. Chaozhou Electronic announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 340 million yuan to 360 million yuan, a year-on-year increase of 90.78%-102%. The performance change is mainly due to the copper-clad laminate industry maintaining high prosperity, with both volume and price rising; the company's copper-clad laminate product orders are ample, product selling prices are rising, and profitability has improved; the printed circuit board business continued to optimize its product mix and increase capacity utilization, collectively driving a substantial year-on-year increase in net profit.
4. China Northern Rare Earth: Projects net profit for the first three quarters to be 3.62 billion yuan to 3.68 billion yuan, a year-on-year increase of 134.95%-138.84%. China Northern Rare Earth announced that it expects net profit attributable to owners of the parent company for the first three quarters of 2026 to be 3.62 billion yuan to 3.68 billion yuan, a year-on-year increase of 134.95%-138.84%. The performance change is mainly due to prices of major rare earth products fluctuating at high levels, the company strengthening cost reduction and efficiency enhancement, optimizing sales strategies, and the continued release of synergies across the entire industrial chain.
5. Hybio Pharmaceutical: Projects net profit for the first three quarters of 2026 to rise 502.65%-530.68% year-on-year. Hybio Pharmaceutical announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 430 million yuan to 450 million yuan, a year-on-year increase of 502.65%-530.68%. During the reporting period, the company's active pharmaceutical ingredient business continued to scale up, bringing dual growth in revenue and profit. At the same time, the company significantly increased R&D investment year-on-year in projects such as the triple-target innovative drug HY3003 and small nucleic acid programs.
6. CICC: Dongxing Securities and Cinda Securities to delist on October 19. CICC announced that it plans to absorb and merge Dongxing Securities and Cinda Securities through a share swap by issuing A-shares. Dongxing Securities and Cinda Securities Co.,Ltd. (601059) have received approval from the Shanghai Stock Exchange to terminate their listings and will delist on October 19 without entering a delisting consolidation period. After delisting, the original shareholders' shares will be converted into CICC A-shares at the swap ratio.
7. GigaDevice: Has cumulatively repurchased 2.7178 million shares for 1.035 billion yuan. GigaDevice announced that as of now, the company has cumulatively repurchased 2.7178 million shares through centralized bidding, accounting for 0.39% of the company's total share capital. The highest repurchase price was 411.95 yuan per share, the lowest was 308.99 yuan per share, and the average repurchase price was 380.71 yuan per share. The total amount paid was 1.035 billion yuan (excluding transaction fees). Under the repurchase plan, the company intends to use 1 billion yuan to 2 billion yuan of its own funds to repurchase shares at a price not exceeding 750 yuan per share, and all repurchased shares will be used for cancellation and reduction of registered capital.
8. Seres: Has repurchased 17.5357 million shares for a cumulative amount of 983 million yuan. Seres announced that as of October 12, 2026, the company had cumulatively repurchased 17.5357 million shares through centralized bidding, accounting for approximately 1.01% of total share capital. The highest repurchase price was 91 yuan per share, the lowest was 43.99 yuan per share, and the cumulative repurchase amount was 983 million yuan. This repurchase plan is expected to involve 1 billion yuan to 2 billion yuan, and the repurchased shares will be used for cancellation and reduction of registered capital.
9. Shennong Group: Actual controller He Zuxun reached mediation in divorce lawsuit, 78.305 million company shares to be divided. Shennong Group announced that controlling shareholder and actual controller He Zuxun and Luo Wanyu reached mediation in their lawsuit and voluntarily dissolved their marriage. Of the 261 million shares He Zuxun held in the company, 30%, or 78.305 million shares, will belong to Luo Wanyu. The two parties signed a concerted action agreement and will jointly comply with regulations on reductions by controlling shareholders and actual controllers. The company's actual controller has not changed, and there is no major impact on production and operations.
10. Sanxia New Material: Planning to acquire controlling stake in Saiwei Electronics, shares remain suspended. Sanxia New Material announced that it is planning to acquire a controlling stake in Zhuhai Saiwei Electronic Materials Co., Ltd. through issuing shares and paying cash. The company's shares have been suspended since September 29, 2026, and the suspension is expected not to exceed 10 trading days. As of the disclosure date of this announcement, the transaction is still in the planning stage, the parties have not signed a formal transaction agreement, and the specific transaction plan is still under discussion and demonstration, so the company's shares will remain suspended.
11. ST Kaili: Projects net profit for the first three quarters of 2026 to be 190 million yuan to 220 million yuan, a year-on-year increase of about 167% to 209%. ST Kaili announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 190 million yuan to 220 million yuan, a year-on-year increase of about 167% to 209% from 71.2528 million yuan in the first three quarters of 2025; non-GAAP net profit is 125 million yuan to 155 million yuan, a year-on-year increase of about 140% to 198% from 52.1122 million yuan in the first three quarters of 2025. The data in this earnings forecast has not been audited by an accounting firm. The company has communicated in advance with the accounting firm that audits its annual report, and there are no major disagreements between the two parties.
12. NanoMicro Technology: Projects net profit for the first three quarters of 2026 to be about 218 million yuan, a year-on-year increase of about 102%. NanoMicro Technology announced that it expects operating revenue for the first three quarters of 2026 to be about 886 million yuan, a year-on-year increase of about 32%; net profit attributable to owners of the parent company to be about 218 million yuan, a year-on-year increase of about 102%; and non-GAAP net profit attributable to owners of the parent company to be about 198 million yuan, a year-on-year increase of about 108%. In the first three quarters of 2025, net profit attributable to the parent was 108 million yuan and non-GAAP net profit was 95.3459 million yuan. The company said performance growth was mainly affected by sales growth of core business products and expense control.
13. Jiuzhitang: Projects net profit for the first three quarters of 2026 to be 294 million yuan to 312 million yuan, a year-on-year increase of 94.02%-105.90%. Jiuzhitang announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 294 million yuan to 312 million yuan, compared with 152 million yuan in the same period last year, a year-on-year increase of 94.02%-105.90%; non-GAAP net profit is 266 million yuan to 284 million yuan, compared with 131 million yuan in the same period last year, a year-on-year increase of 103.24%-116.99%. The performance growth was mainly due to the inclusion of Harbin Jixianglong Biotechnology Co., Ltd. in the consolidated statements, as well as increased product sales and effective cost control measures. The above data has not been audited.
14. Yuancheng Co.: Currently planning to acquire control of an enterprise. Yuancheng Co. issued an abnormal fluctuation announcement stating that the company has recently been planning to acquire control of an enterprise with self-raised funds. It is expected not to constitute a related-party transaction or a major asset restructuring. The matter is in the planning and due diligence stage, no agreement has been signed, and there is major uncertainty. Upon verification, the company's operations are normal, and the controlling shareholder and actual controller have no other major matters that should be disclosed but have not been disclosed.
15. Hongxin Electronics: Subsidiary signs 2.983 billion yuan high-performance server computing power chip procurement contracts. Hongxin Electronics announced that its wholly owned subsidiary Antonglian recently signed procurement contracts with Supplier A and Supplier B to purchase high-performance server computing power chips, with total tax-inclusive contract amounts of 2.131 billion yuan and 852 million yuan, respectively. The implementation of these contracts will strengthen the company's supply capacity in the computing power server field, better capture AI computing power and edge AI demand, and align with the overall strategic direction of the company's AI business.
16. Keruisi: Planning to acquire 100% equity of Shenzhen Honggang Optoelectronics Packaging Technology Co., Ltd., shares suspended. Keruisi announced that it is planning to issue shares and pay cash to purchase assets and raise supporting funds, intending to acquire 100% equity of Shenzhen Honggang Optoelectronics Packaging Technology Co., Ltd. Due to uncertainty over related matters, the company's shares will be suspended from market opening on October 13, 2026, and the transaction plan is expected to be disclosed within no more than 10 trading days. The target company's main products include optical communication tube shells, laser tube shells, pre-placed gold-tin heat sinks, and hybrid integrated circuit tube shells.
17. Yuegui Co.: Projects Q3 2026 net profit to be 1.126 billion yuan to 1.195 billion yuan, a year-on-year increase of 153.70%-169.24%. Yuegui Co. announced that it expects net profit attributable to shareholders of the listed company for Q3 2026 to be 1.126 billion yuan to 1.195 billion yuan, a year-on-year increase of 153.70%-169.24%; non-GAAP net profit is 1.124 billion yuan to 1.193 billion yuan, a year-on-year increase of 156.13%-171.85%. The performance growth was mainly driven by rising market prices for ore and sulfuric acid products and continued deepening of cost reduction and efficiency enhancement. The relevant data has not been audited.
18. Decai Co.: Qixiang Unlimited is still in the business development stage, with a small revenue scale and still in a loss-making state. Decai Co. issued an announcement on abnormal stock trading fluctuations, stating that the company has noticed high recent market interest in comic drama production-related concepts on the capital market, relatively active secondary market performance in related sectors, and some media reports that the company's controlled grandson company Fujian Qixiang Unlimited Network Co., Ltd. is involved in related concepts. Qixiang Unlimited was established on December 5, 2025. In the first half of 2026, Qixiang Unlimited achieved operating revenue of 24.5709 million yuan and net profit of -5.6217 million yuan. It is still in the business development stage, with a small revenue scale and still in a loss-making state, and has not had a major impact on the company's operating performance.
19. Capchem: Projects net profit for the first three quarters of 2026 to rise 104.53%-111.22% year-on-year. Capchem announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be 1.53 billion yuan to 1.58 billion yuan, a year-on-year increase of 104.53%-111.22%; non-GAAP net profit is 1.53 billion yuan to 1.58 billion yuan, a year-on-year increase of 113.88%-120.87%. The performance growth was mainly due to the continued release of synergy advantages across its three main businesses and rapid growth in each business. The relevant data has not been audited by an accounting firm.
20. Jinaobo: Plans to acquire 80% equity of Huiwei Technology in cash. Jinaobo announced that it signed an acquisition intention agreement with Changchun Huiwei Technology Co., Ltd. and its shareholders, planning to acquire a total of 80% equity of Huiwei Technology in cash to obtain a controlling stake. The specific transaction price will be determined through negotiation based on evaluation and audit results. This transaction does not constitute a related-party transaction and is also not expected to constitute a major asset restructuring under the Measures for the Administration of Major Asset Restructuring of Listed Companies.
21. JAC Motors: New energy passenger vehicle sales in September were 2,932 units, down 18.85% year-on-year. JAC Motors announced that the company released its September 2026 production and sales bulletin. September production totaled 32,533 units, down 2.17% year-on-year; sales totaled 27,201 units, down 18.69% year-on-year. Cumulative sales for the year were 255,178 units, down 9.42% year-on-year. In addition, new energy passenger vehicle sales in September were 2,932 units, down 18.85% year-on-year.
22. Xingyun Technology: Raises total computing power service contract amount to 3.357 billion yuan, about 9.96% higher than the original contract. Xingyun Technology announced that its wholly owned subsidiary Shenzhen Xingyun signed a new Computing Power Service Agreement and Supplementary Agreement with VB customer, terminating the original contract. The new contract adjusts computing power service fees and Token revenue sharing, with the service term unchanged, and the tax-inclusive total amount increased to 3.357 billion yuan, about 9.96% higher than the original contract and 231.13% higher than the initial contract amount of 1.014 billion yuan. The cooperation scale under this agreement is 256 units. If implemented smoothly, it is expected to have a certain impact on the company's future operating performance.
23. Goertek: Terminates spin-off of Goermicro for listing on the Main Board of the Hong Kong Stock Exchange. Goertek announced that it previously disclosed a plan to spin off Goermicro for listing on the Main Board of the Hong Kong Stock Exchange. Goermicro submitted its application in January 2025, and its filing application materials were accepted by the China Securities Regulatory Commission in March 2025. On October 12, 2026, the company's board of directors approved the proposal to terminate this spin-off listing.
24. Dongbai Group: Shares rose more than 20% over 3 consecutive trading days, constituting abnormal trading fluctuations. Dongbai Group announced that the cumulative deviation of the company's closing price increase over three consecutive trading days on October 8, 9, and 12, 2026 exceeded 20%, constituting abnormal stock trading fluctuations. On October 12, the company disclosed a plan to acquire part of the equity of Hangzhou Kuailing Optoelectronics Technology Co., Ltd. Dongbai Chuangzhi plans to acquire 52.6667% of the target company. As of the announcement disclosure date, no formal transaction agreement has been signed, and there is major uncertainty over whether the transaction can be implemented. The target company's operating revenue in 2025 and January-August 2026 was 39.7613 million yuan and 34.8693 million yuan, respectively, and net profit was -15.0722 million yuan and -2.517 million yuan, respectively. From October 8 to 12, 2026, the company's shares cumulatively rose 19.96%. As of October 12, 2026, the static price-to-earnings ratio was 212.51 and the trailing price-to-earnings ratio was 198.71, significantly higher than the retail industry's 22.53 and 21.75 as of October 9, 2026. The company conducted a self-examination and sent a letter to its controlling shareholder and actual controller to verify that, apart from disclosed matters, there are no major matters that should be disclosed but have not been disclosed.
25. ST Doushen: Grandson company Doushen Hong Kong signs 60-month computing power service contract, total agreement amount equivalent to about 755 million yuan. ST Doushen announced that recently its wholly owned grandson company Doushen Hong Kong Limited signed a computing power service agreement with XYZ. The service term is 60 months, and the total agreement amount is 112 million U.S. dollars (excluding applicable taxes), equivalent to about 755 million yuan. The contract takes effect on the date of signing by authorized representatives of both parties.
26. Weidao Nano: Plans private placement to raise no more than 4.944 billion yuan for semiconductor equipment projects and other purposes. Weidao Nano announced that it plans to issue A-shares to specific targets, with total fundraising not exceeding 4.944 billion yuan. After deducting issuance expenses, the funds are intended for the Wuxi advanced semiconductor equipment industrialization upgrade and iteration project, the Central China advanced semiconductor equipment industrialization project, the cutting-edge thin film deposition technology R&D center project, and supplementary working capital. Among them, the cutting-edge thin film deposition technology R&D center project is planned to use 3.225 billion yuan of raised funds, the Wuxi project 729 million yuan, the Central China project 289 million yuan, and 700 million yuan for supplementary working capital.
Operating performance
1. Jiuzhitang: Projects net profit for the first three quarters of 2026 to rise 94.02%-105.90% year-on-year. 2. NanoMicro Technology: Projects net profit for the first three quarters of 2026 to rise about 102% year-on-year. 3. Huijia Times: Projects net profit for the first three quarters of 2026 to rise 67.88%-77.83% year-on-year. 4. State Grid Information & Communication: Net profit for the first three quarters of 2026 fell 21.51% year-on-year. 5. Shenhuo Co.: Projects net profit for the first three quarters of 2026 to rise 112.05% year-on-year. 6. Kuncai Technology: Projects net profit for the first three quarters of 2026 to rise 178%-227% year-on-year. 7. China Yangtze Power: Power generation in the first three quarters was 225.058 billion kWh, down 4.28% year-on-year. 8. Jinduicheng Molybdenum: Net profit in the first three quarters rose 30.94% year-on-year. 9. Ligong Nengke: Projects net profit for the first three quarters of 2026 to rise 39.21%-55.33% year-on-year. 10. ST Kaili: Projects net profit for the first three quarters of 2026 to rise 167%-209% year-on-year. 11. Urovo: Projects net profit for the first three quarters of 2026 to rise 71.64%-95.32% year-on-year. 12. Jiejie Microelectronics: Projects net profit for the first three quarters of 2026 to rise 60%-80% year-on-year. 13. Youyan New Material: Projects net profit for the first three quarters of 2026 to be 263 million yuan, up 7.31% year-on-year. 14. Binglun Environment: Projects net profit for the first three quarters of 2026 to rise 30%-50% year-on-year. 15. Sinomach Precision: Projects net profit for the first three quarters of 2026 to fall 53.91%-63.62% year-on-year. 16. Shenzhen Gas: Net profit for the first three quarters of 2026 was 1.163 billion yuan, up 26.70% year-on-year. 17. King Long Motor: Bus sales in September 2026 were 4,137 units, down 15.16% year-on-year. 18. Tangrenshen: Pig sales in September 2026 were 475,300 head, up 15.66% year-on-year. 19. Yuegui Co.: Projects net profit for the first three quarters to rise 153.70%-169.24% year-on-year. 20. Allwinner Technology: Projects net profit for the first three quarters to rise 129.85%-140.62% year-on-year. 21. Silver Age Technology: Projects net profit for the first three quarters to rise 51.10%-58.19% year-on-year. 22. Capchem: Projects net profit for the first three quarters of 2026 to rise 104.53%-111.22% year-on-year. 23. Aolai De: Projects net profit for the first three quarters to rise 442%-538% year-on-year.
Risk warnings for unusual-moving stocks
1. *ST Hangtu: Suspended from participating in military procurement activities for 1 year. 2. Tianshun Wind Energy: Has stopped exporting towers to the EU; related anti-dumping measures have no impact on the company's current operations. 3. *ST Zhuoran: Closing price fell below 1 yuan for the first time, may be delisted. 4. ST Juewei: Applies to remove other risk warning. 5. Changyuan Power: Chairman Wang Dong resigns due to job transfer. 6. Jindan Technology: 8% increase in lactic acid series product sales prices is not expected to have a major impact on the company's 2026 operating performance. 7. KingMed Diagnostics: Terminates 150 million yuan investment in DRA. 8. Huitian Thermal Power: China Railway No. 9 Bureau was sentenced in first instance to pay 49.7556 million yuan in project payments. 9. CICC: Dongxing Securities and Cinda Securities to delist on October 19. 10. Langkun Technology: Due to divorce property division, actual controller Chen Jianxiang plans to transfer 5.2 million shares to Zhang Liyin via non-trading transfer. 11. Asiainfo Security: Plans to change securities abbreviation to Asiainfo Group. 12. ST Nandu: Involved in a 210 million yuan financial loan contract dispute lawsuit. 13. Hichip: Controlled subsidiary Zinitix's delisting procedure suspended by the Korea Exchange. 14. Koal Software: The company is currently deepening the integration of AI with its core business; related business revenue accounts for a relatively low proportion. 15. Decai Co.: Qixiang Unlimited is still in the business development stage, with a small revenue scale and still in a loss-making state. 16. Goertek: Terminates spin-off of subsidiary Goermicro Electronics for listing on the Main Board of the Hong Kong Stock Exchange.
Buybacks & increases/decreases in holdings
1. Runze Technology: Controlling shareholder plans to increase holdings by 500 million yuan to 1 billion yuan. 2. Hengtong Co.: Plans to increase capital in wholly owned subsidiary Hengtong Copper Foil by 330 million yuan. 3. Windey Co.: Plans to transfer 100% equity of 4 new energy project companies. 4. Jinaobo: Plans to acquire 80% equity of Huiwei Technology to obtain a controlling stake. 5. Longhua New Material: Controlled subsidiary plans to increase capital and control Beijing Keyi, which will establish a tungsten hexafluoride production and operation company. 6. Chipown Micro: Yi Yangbo reduced holdings by 500,000 shares, plan implementation completed. 7. Tianyu Pharmaceutical: Completed repurchase of 4.0012 million shares at transaction prices of 19.01 yuan to 22.04 yuan per share. 8. Zhejiang Meida: 29.99% of shares transferred by Xia Zhisheng and Xia Ding; control changed. 9. Raynen Technology: Signed supplementary agreement for acquisition of 75% equity of Botai Intelligent. 10. Kangzhong Technology: Director Chen Yonghong plans to increase holdings by 20 million yuan to 40 million yuan. 11. Jiuliang Co.: Officially listed for sale 100% equity of wholly owned subsidiary, with first listing reserve price of 456 million yuan. 12. Silver Age Technology: Plans to acquire 20.20% equity of Dongguan Kangnuode; board of directors approved. 13. Suzhou Tianmai: Signed agreement to acquire 100% equity of Hainan Siyang. 14. Fulongma: Wholly owned subsidiary plans to acquire 100% equity of Dingzhou Jinyu for 40.1 million yuan. 15. Haochen Software: Suzhou Kechuang plans to reduce no more than 1.00% of the company's shares. 16. Shenzhen Xinxing: Controlled subsidiary completed 213 million yuan equity repurchase and industrial and commercial changes. 17. Wanyi Technology: Huang Wenping terminates reduction plan early, having cumulatively reduced 1.5444 million shares. 18. Zhongchun Technology: First repurchase of 277,100 shares, paying 19.9911 million yuan. 19. Feirongda: Plans to repurchase company shares for 50 million yuan to 100 million yuan. 20. AMEC: Plans to increase capital in Qinghe Chip by no more than 35 million yuan. 21. Ilong Technology: Controlling shareholder and actual controller plan to reduce no more than 2.59% of shares. 22. Anjoy Foods: Plans to acquire control of IFC for 30.47 million U.S. dollars. 23. Aofei Data: Plans to repurchase company shares for 50 million yuan to 100 million yuan. 24. Transfar Zhilian: Subsidiary plans to transfer 70% equity of Chenghui Highway Port for 71.4 million yuan. 25. Qipai Technology: Completed simple-procedure private placement to raise 110 million yuan.
Major contracts
1. Jiamusi Electric: Controlled subsidiary signs 620 million yuan nuclear power equipment supply contract. 2. Huaguang Environment & Energy: Signs 408 million yuan North Africa gas turbine heat recovery boiler contract. 3. Hongxin Electronics: Subsidiary signs 2.983 billion yuan high-performance server computing power chip procurement contracts. 4. *ST Yabo: Wins 216 million yuan energy storage power station EPC general contracting project. 5. ST Doushen: Wholly owned grandson company signs about 755 million yuan computing power service contract.
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