【Announcement Highlights】Baofeng Energy: Net profit in 2025 increased 79.09% year-over-year; plans to distribute cash dividends of 3.055 billion yuan

【Operational Data】

Cambricon: Net profit of 2.059 billion yuan in 2025, turning from loss to profit year-over-year. Plans to distribute 15 yuan per 10 shares and transfer 4.9 shares.

Li Auto: Total revenue of 28.8 billion yuan in Q4 2025, a 35% decrease year-over-year.

Shennan Circuit: Net profit in 2025 increased by 74.47% year-over-year. Plans to pay 24 yuan per 10 shares.

Baofeng Energy: Net profit in 2025 increased by 79.09% year-over-year. Plans to distribute a cash dividend of 3.055 billion yuan.

Gao Neng Environment: Net profit in 2025 increased by 73.94% year-over-year.

Shanghai Xinyang (Rights Issue): Net profit in 2025 increased by 71.12% year-over-year. Plans to pay 4.8 yuan per 10 shares.

Yaxiang Integration: Net profit in 2025 increased by 40.3% year-over-year. Plans to pay 16.5 yuan per 10 shares.

Longyang Electronics Performance Brief: Net profit of 104 million yuan in 2025, a 26.02% increase year-over-year.

Jiansheng Group: Net profit in 2025 increased by 24.62% year-over-year. Plans to pay 0.35 yuan per share.

TuboBao Performance Brief: Net profit of 722 million yuan in 2025, a 23.29% increase year-over-year.

【Hot Topics】

CITIC Securities: Hong Kong Securities and Futures Commission and ICAC conducted searches and took away some documents. Currently, the company’s and Hong Kong subsidiary’s operations are normal.

Guangxun Technology: Claims regarding large orders obtained by the company are false.

True Love Me Home: The company is not involved in artificial intelligence business. Main business remains unchanged.

Dayuan Pump Industry: The company’s stock price faces risks of rapid short-term rise followed by quick decline.

Xiexin Energy Science and Technology: The company’s stock price is at risk of market overheat, irrational speculation, and subsequent price correction.

Ningbo Construction: Currently, neither the company nor Zhongjing Cloud is engaged in computing power leasing business.

【Contract Wins】

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

Tianshun Wind Power: Won a 700 million yuan offshore wind turbine jacket order.

Weiming Environmental Protection: Jointly won the Indonesian Muarojambi waste-to-energy project.

【Equity Changes】

Nandu Power: Plans to transfer its wholly owned subsidiary Huabo Recycled Resources, which is engaged in lead recovery.

Fenglong Co.: The company’s controlling shareholder has changed to Ubiquiti.

Buchang Pharmaceuticals: The controlling subsidiary plans to transfer 60% equity of Hunan Zhongce at 1 yuan.

【Shareholding Adjustments and Buybacks】

Kaiying Network: Actual controller plans to increase holdings of at least 150 million yuan worth of shares.

Huibo P: Director Zhang Zhongwei and his spouse plan to increase their holdings of the company’s shares.

Kaimete Gas: Caixin Assets and its concerted actors plan to reduce their holdings by no more than 3% of the company’s shares.

【Major Investments】

GF Securities: Plans to increase capital in GF Hong Kong by up to 6.101 billion HKD.

Feikai Materials (Rights Issue): Plans to invest 1 billion yuan to build a Feikai Materials (Chizhou) production base.

Chaoxun Communications (Rights Issue): Plans to establish a holding subsidiary to expand computing power business.

Shanxi Securities: Plans to increase capital in Shan Zheng Asset Management by 200 million yuan.

【Other News】

Hengtian Hailong: Plans to acquire no less than 40% equity of Qunjian Airlines.

Deguan New Materials: Production begins on the functional film and masterbatch modification and expansion project.

Quzhou Development: Secured a special loan of up to 180 million yuan for share repurchase.

*ST Changyao (Rights Issue): Received a delisting decision.

Linzhou Heavy Machinery: Terminated the 2025 non-public stock issuance.

Galaxy Magnet: Terminated the acquisition of 100% equity of Kyoto Longtai.

Editor: Peng Bo

Proofreader: Lü Jiubiao