March 12 Evening Listed Company Positive News Overview(Attached List)

Several listed companies on the Shanghai and Shenzhen stock exchanges released important announcements on the evening of March 12. Here is a summary of the positive news:

Luxi Chemical: Prices of some chemical products have recently increased significantly. The company adjusts prices promptly based on market changes.

Luxi Chemical (000830) stated during an on-site communication with institutions on March 12 that, influenced by international geopolitical shifts, volatile oil prices, operational rates of peers and downstream companies, and changes in upstream and downstream demand, the prices of chemical products in the first quarter fluctuated. Recently, prices of some chemical products rose sharply. The company adjusts prices in a timely manner according to market conditions to seize market opportunities and maximize production and sales balance. Products are sold online through Luxi Mall with transparent pricing.

Huatian股份: High-end PCB supporting AI chips expansion project expected to trial production in late 2026 and gradually increase capacity.

Huatian股份 (002185) said during an institutional survey on March 12 that it plans to invest about 4.3 billion yuan in a new high-end PCB expansion project supporting AI chips in Q4 2024, with construction starting in late June 2025. The project is progressing in an orderly manner and is expected to begin trial production in late 2026, gradually increasing capacity. This project will further expand the company’s high-end product capacity, better meet long-term demand for high-end PCBs in emerging computing scenarios like high-speed servers and AI, enhance core competitiveness, and improve economic benefits.

Zhaochi Co.: 1.6T optical module has entered rapid R&D stage.

Zhaochi Co. (002429) announced on March 12 that its high-speed optical module project has completed the construction of nearly 50,000 square meters of clean manufacturing base and is fully operational. As of this announcement, 200G and below optical modules are mass-produced; the first batch of 400G/800G parallel optical transceiver modules has completed equipment installation and debugging, with reliability testing finished and entering small-batch production, moving towards large-scale manufacturing. The 1.6T optical module is in rapid R&D, with parallel efforts on LPO, NPO, and CPO to develop next-generation high-speed, low-power solutions. The company’s laser chip projects have also made phased progress, with 25G DFB and below rate optical chips completed for R&D and trial production, gradually transitioning to mass production. Development of high-power CW DFB laser chips and 50G EML laser chips for 400G/800G/1.6T modules is proceeding as planned. Micro LED optical interconnect CPO (co-packaged optical) chips have completed R&D and are in sample verification testing.

Ray Media: Theme park negotiations are ongoing.

Ray Media (002291) stated on March 12 on the interactive platform that negotiations regarding theme parks are ongoing, but specific implementation timelines are not yet determined.

Hengtian Hailong: Plans to acquire at least 40% equity in Qunjian Aviation.

Hengtian Hailong (000677) announced on March 12 that it intends to acquire at least 40% of Qunjian Aviation (Xi’an Qunjian Aviation Precision Manufacturing Co., Ltd.) through its wholly owned subsidiary Beijing Dofu Hailong Flight Control Technology Co., Ltd. The transaction will make Hailong Flight Control the controlling shareholder of Qunjian Aviation. The company mainly engages in R&D, manufacturing, and sales of aircraft engine and gas turbine components, holding multiple patents. Its products include long shafts, blades, disc rings, casings, and structural parts. Qunjian Aviation is a high-tech enterprise and a “specialized, refined, distinctive, innovative” small and medium-sized enterprise in Shaanxi Province.

Baofeng Energy: Net profit expected to grow 79.09% in 2025; plans to distribute 3.055 billion yuan in cash dividends.

Baofeng Energy (600989) released its 2025 annual report, projecting revenue of 48.038 billion yuan, up 45.64%; net profit attributable to shareholders of the listed company is expected to be 11.35 billion yuan, up 79.09%. Basic earnings per share are 1.56 yuan. The company’s year-end profit distribution plan proposes a cash dividend of 3.055 billion yuan based on a total share capital of 7.333 billion shares (after repurchasing 60.59 million shares). Small and medium shareholders will receive 0.4921 yuan per share (tax included), and major shareholders will receive 0.3906 yuan per share (tax included). During the period, the Inner Mongolia base’s largest 3 million-ton/year coal-to-olefins project reached full production, with olefin capacity reaching 5.2 million tons/year, ranking first in China’s coal-based olefins industry.

Shennan Circuit: Net profit expected to grow 74.47% in 2025; proposes a 10-for-24 dividend.

Shennan Circuit (002916) announced on March 12 that its 2025 annual report shows revenue of 23.647 billion yuan, up 32.05%; net profit of 3.276 billion yuan, up 74.47%; basic earnings per share of 4.91 yuan. The company plans to distribute a cash dividend of 24 yuan per 10 shares (tax included). During the period, its PCB business achieved main business revenue of 14.359 billion yuan, up 36.84%, accounting for 60.73% of total revenue; gross margin was 35.53%. Its packaging substrate business earned 4.148 billion yuan, up 30.80%, accounting for 17.54%, with a gross margin of 22.58%. Its electronic assembly business earned 3.075 billion yuan, up 8.93%, accounting for 13%, with a gross margin of 15.00%.

TianShun Wind Power: Wins 700 million yuan offshore wind turbine jacket order.

TianShun Wind Power (002531) announced on March 12 that it recently secured an offshore wind turbine jacket order worth about 700 million yuan for the Shenneng Shanyin Honghai Bay project. The project, built by Shenneng Marine Energy (Shanwei) Co., Ltd., has a planned capacity of 500MW with 34 wind turbines. The company won the contract for its I and II segments, totaling 34 jackets.

China Power Construction: Signs EPC contract worth 13.962 billion yuan for Abu Dhabi solar and storage project.

China Power Construction (601669) announced on March 12 that its Abu Dhabi branch, together with its subsidiary China Power Construction Group East China Survey and Design Institute Co., Ltd., formed a joint venture with Abu Dhabi Future Energy Company to sign an EPC contract for the 2.1GW + 7.75GWh solar and storage project in Abu Dhabi. The contract is approximately 13.962 billion yuan (CNY). The project is located in Mshayrif, Abu Dhabi. The photovoltaic part has a total capacity of 2.1GWp, and the energy storage capacity is 7.75GWh. The scope includes civil engineering (including substation buildings and structures), PV field, and energy storage design, procurement, and construction. The total project duration is NTP + 21 months, with a 24-month warranty period.

Quzhou Development: Secures up to 180 million yuan in special loan support for share repurchase.

Quzhou Development (600208) announced on March 12 that it received a commitment letter from the Zhejiang branch of ICBC, agreeing to provide a special loan support of up to 180 million yuan for its share repurchase, with a term of 3 years. The commitment is effective from issuance and valid for 12 months.

Cambricon: Net profit expected to reach 2.059 billion yuan in 2025; plans to pay 15 yuan per 10 shares and issue 4.9 bonus shares.

Cambricon (688256) released its 2025 annual report, projecting revenue of 6.497 billion yuan, up 453.21%; net profit of 2.059 billion yuan, reversing a loss of 452 million yuan in the previous year. The company plans to distribute a cash dividend of 15 yuan per 10 shares (tax included) and issue 4.9 bonus shares per 10 shares. R&D investment during the period was 1.169 billion yuan, accounting for 17.99% of revenue. The R&D team comprises 887 members, making up 80.13% of total employees.

Beijing Keli: Plans to invest approximately 4.95 million euros to develop a 99MW/198MWh energy storage project in Valcea, Romania.

Beijing Keli (002350) announced that its subsidiary CEIL plans to invest about 4.95 million euros to acquire 100% of Greenet Plant S.R.L. (GP). GP is the project company holding the rights to develop the 99MW/198MWh energy storage project in Valcea, Romania, with ownership of land in Mihăeşti, Valcea County. The project has obtained grid connection and construction permits and is in the process of energy facility licensing, with basic conditions for construction met. The total investment is planned to not exceed 42.8137 million euros.

ChaoXun Communications: Plans to establish a controlling subsidiary to expand computing power business.

ChaoXun Communications (603322) announced it will jointly invest with Guangdong Weiyun Technology Co., Ltd. to establish ChaoWei Intelligent Computing (Guangdong) Technology Co., Ltd. (ChaoWei ZhiSuan). The new company will have a registered capital of 60 million yuan, with ChaoXun investing 30.6 million yuan, holding 51%. The move aims to accelerate the expansion of the company’s computing power business, increase market share, and support strategic transformation.

(Source: Oriental Fortune Research Center)