Yuanjie Technology Leading the Science and Technology Innovation Board

This week, the major broad-based indices in the A-share market showed divergence, with the ChiNext Index being one of the few to deliver positive returns, while the CSI 500 ranked at the bottom. Among them, the Sci-Tech Innovation 100, 50, and 200 declined by 1.2%, 4.0%, and 4.5%, respectively.

Author | Sci-Tech Innovation Board Research Center

From March 16 to 22, 2026, the major broad-based indices in the A-share market showed divergence, with the ChiNext Index being one of the few to deliver positive returns, while the CSI 500 ranked at the bottom. The Sci-Tech Innovation 100, 50, and 200 declined by 1.2%, 4.0%, and 4.5%, respectively. Internally, there was differentiation, with growth sectors leading and the machinery sector lagging. On the company level, Yuanjie Technology led the Sci-Tech Innovation Board.

I. Weekly Highlights of the Sci-Tech Innovation Board:

1. IPOs on the Sci-Tech Innovation Board:

Yu Shu Technology’s IPO has been accepted, aiming to raise 4.202 billion yuan to pursue the “Number One Stock in Human-shaped Robot Complete Machines” in the Sci-Tech Innovation Board, with plans to use the funds for R&D and manufacturing base construction for humanoid robots.

2. No IPOs or listings occurred on the Sci-Tech Innovation Board this week. Next week, Wuhan Changjin Photonic Technology is scheduled to be reviewed, with an expected fundraising of 780 million yuan.

3. Latest M&A developments on the Sci-Tech Innovation Board (7 updates): Qi Zhong Technology’s transfer of 5.8497% equity in Jianhui Partnership, Gao Ling Information planning a private placement to acquire Kairui Xing Tong’s control, Kaiweit planning a private placement to acquire Jingyi Semiconductor’s control, Geyun Electronics’ private placement to acquire 100% of Ruicheng Micro and 45.64% of Nanneng Micro, Xidi Micro’s acquisition of 100% of Chengxin Micro, Jingfeng Mingyuan’s private placement to acquire 100% of Sichuan Yichong, Huaheng Biological’s capital increase to obtain 15% of Zhihesheng Biological. The first two are newly disclosed.

II. Weekly Review of the Sci-Tech Innovation Board:

1. Broad-based Index Rankings

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

As shown above, this week, the major broad-based indices in the A-share market diverged, with the ChiNext Index being one of the few to show positive returns, while the CSI 500 ranked last. The Sci-Tech Innovation 100, 50, and 200 declined by 1.2%, 4.0%, and 4.5%, respectively.

2. Sector Differentiation within the Sci-Tech Innovation Board

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

As shown above, internal differentiation was evident this week, with growth sectors leading and the machinery sector lagging.

3. Performance of Top Weighted Stocks:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The chart shows that most of the top ten weighted companies on the Sci-Tech Innovation Board declined this week, with Mu Xi Shares-U being one of the few to post positive gains. Kingsoft Office experienced a significant drop.

4. Top Gainers and Losers:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The table lists the top ten companies by weekly gain, including Yuanjie Technology, Sansheng Guojian, Zhongfu Shen Ying, Zhongrun Optical, Changguang Huaxin, Puran Shares, MEA Technology, Buwei Storage, Yandong Micro, and Dingtong Technology.

The bottom ten companies by weekly decline are: Xinghuan Technology-U, Xiangyu Medical, Guoguang Electric, Shangsheng Electronics, Sains, Changyingtong, Yishitong, Xinrui Shares, Yihua Tong-U, and Medisi.

5. Weekly Trading Volume:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The top ten companies by weekly trading volume (in billions) are: Buwei Storage, Cambrian-U, Lankun Technology, Haiguang Information, Yuanjie Technology, SMIC, UCloud-W, Huahong Corporation, Xinyuan Shares, Changguang Huaxin.

III. Important Information on the Sci-Tech Innovation Board:

1. Recent Lock-ups:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

Based on Wind data, companies with recent lock-ups (excluding those with less than 500 million yuan) are listed in order from most recent: Cigu Technology, Bangyan Technology, Baili Tianheng, Shengke Nano, Shengmei Shanghai, Tiande Yu, Wanrun New Energy, Nearshore Protein, Rilink Technology, Yuntian Lifei-U.

IV. IPOs on the Sci-Tech Innovation Board:

According to Wind, no IPOs or listings occurred this week. Next week, Wuhan Changjin Photonic Technology is scheduled for review, with an expected raise of 780 million yuan.

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

V. Mergers and Acquisitions:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

This week, there were 7 updates on M&A activities: Qi Zhong Technology’s transfer of 5.8497% in Jianhui Partnership, Gao Ling Information planning a private placement to acquire Kairui Xing Tong’s control, Kaiweit planning a private placement to acquire Jingyi Semiconductor’s control, Geyun Electronics’ private placement to acquire 100% of Ruicheng Micro and 45.64% of Nanneng Micro, Xidi Micro’s acquisition of 100% of Chengxin Micro, Jingfeng Mingyuan’s private placement to acquire 100% of Sichuan Yichong, Huaheng Biological’s capital increase to obtain 15% of Zhihesheng Biological. The first two are newly disclosed.

VI. Capital Market Analysis:

1. Related Financial Products:

The main publicly offered funds related to the Sci-Tech Innovation Board are ETF funds, with over 40 funds totaling nearly 140 billion yuan (including products tracking the ChiNext 50). They can be categorized into three types: 1) tracking the Sci-Tech Innovation 50 index, 2) tracking the ChiNext 50 index, 3) tracking specific industry indices within the Sci-Tech Innovation Board.

1. By Size:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The table shows the top 10 largest Sci-Tech Innovation Board-related public funds by scale, each tracking different indices. The largest ETFs are roughly divided into three categories: Sci-Tech Innovation 50, Sci-Tech Innovation 100, and ChiNext 50.

2. By Performance:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The table ranks the top ten ETFs by weekly market performance, with the ChiNext 50 theme ETF performing best this week.

3. By Fund Manager:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The chart indicates that there are 20 fund managers managing Sci-Tech Innovation Board ETFs, with a total scale approaching 300 billion yuan. The top manager is Huaxia Fund with over 100 billion yuan, followed by E Fund.

VII. ESG Ratings:

1. Industry Distribution:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The chart shows the industry distribution of ESG score changes this week, highlighting the top 5 industries with the highest and lowest changes. The industries with the largest ranking shifts are software development, aerospace equipment, and medical services.

2. Top 10 Companies by ESG Score Change:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The table lists the top ten companies with the most significant ESG score increases (excluding newly listed companies): Hehe Information, *ST Guandian (rights protection), Anbotong, Qipai Technology, Rongbai Technology (rights protection), Aerospace Hongtu, Guangda Special Materials, Ligong Navigation, Haohai Shengke, Xin Yuan Shares.

The table of the top ten companies with the largest ESG score declines includes: Yingji Chip (rights protection), *ST Tianwei, Boliv, Yahui Long (rights protection), Xin Daotech, Xin Qi Micro, Lante Optics, Jiuzhou Yigu, Aiwei Electronics, Biyi Micro.

VIII. Profit Forecasts:

1. Companies with Upward/Downward Revisions in Profit Estimates:

Data sources: Wind, Sci-Tech Innovation Board Research Center, Xingkuang Data

The table shows companies with the largest median upward or downward revisions in net profit forecasts this week. Eight companies saw upward revisions, with the top ten (or fewer if less than ten) including: Lante Optics, Zhongwei Company, Jiayuan Technology, Lankun Technology, Zhongke Fei Ce, Cambrian-U, Bazhong Jinggong, Daotong Technology.

Eleven companies experienced downward revisions, with the top ten (or fewer if less than ten) including: Huaheng Biological, Zhongwu Drone, Dongwei Technology, Xin Peng Micro, Tailing Micro, Hehe Information, Aibo Medical, Shengmei Shanghai, Number Nine Company-WD, Yaokang Biological.