Trading Must-Read: Positive or Negative News Affecting the Stock Market_March 27, 2026_Economic News

Topic: China’s Asset Security Attributes Highlighted, Long-term Bull Market Expected in A-shares

Impact of Bullish and Bearish News on the Stock Market

Macroeconomic News

1. U.S. President Trump stated that he will visit China in mid-May. Foreign Ministry spokesperson Lin Jian said at a routine press conference on March 26 that the diplomacy of heads of state plays an irreplaceable strategic guiding role in China-U.S. relations, and both sides are in communication regarding President Trump’s visit to China.

2. Recently, public security in Japan has been unstable, with an increase in criminal cases involving Chinese citizens. The safety environment for Chinese citizens in Japan continues to deteriorate. The Foreign Ministry and the Chinese Embassy in Japan solemnly remind Chinese citizens to avoid traveling to Japan in the near future, and those already in Japan should closely monitor local security conditions, enhance safety awareness, and strengthen self-protection.

3. During the 14th Ministerial Conference of the World Trade Organization, China successfully hosted a high-level meeting titled “Supporting African Industrialization: Chinese Investment.” Minister of Commerce Wang Wentao stated that starting from May 1, 2026, China will implement a zero-tariff policy for all African countries that have diplomatic relations with China.

4. Pakistani Foreign Minister Dar stated on the 26th that indirect negotiations between the U.S. and Iran are being conducted through Pakistan as a channel for information transmission. In this context, the U.S. has proposed a 15-point ceasefire agreement, which Iran is currently reviewing.

5. On March 26 local time, multiple U.S. officials and informed sources revealed that the U.S. Department of Defense is developing a so-called “final strike” military option against Iran, which may include deploying ground troops and large-scale airstrike operations.

6. U.S. President Trump posted on his social media platform “Truth Social,” stating, “At the request of the Iranian government, I hereby declare: I will delay strikes against (Iranian) energy facilities for another 10 days, until 8 p.m. Eastern Time on April 6, 2026.” Trump indicated that Iran is engaging in dialogue with the U.S., and America will wait to see if an appropriate agreement can be reached, and to open the Strait of Hormuz; otherwise, Iran will face sustained heavy pressure from the U.S. Trump also noted that Iran has allowed 10 oil tankers to pass through the Strait of Hormuz as a “gift.”

7. Iranian President Raisi stated during a phone call with Malaysian Prime Minister Anwar that Iran is committed to fully ending the war and emphasized that Iran has never sought to possess nuclear weapons.

8. Reports indicate that Ali Reza Tangsiri, commander of the Iranian Islamic Revolutionary Guard Corps Navy, was killed in an airstrike on Iran’s Abbas Port. The official stated that Tangsiri was responsible for blocking the Strait of Hormuz. There has been no response from Iran on this matter.

9. Minister of Commerce Wang Wentao met with U.S. Trade Representative Tai during the 14th Ministerial Conference of the World Trade Organization in Yaoundé, Cameroon. The two sides exchanged in-depth opinions on issues regarding China-U.S. economic and trade relations, as well as multilateral and regional economic and trade cooperation.

Industry News

1. The National Healthcare Security Administration and eight other departments issued the “Implementation Plan for Accelerating the Establishment of Long-term Care Insurance System.” Long-term care insurance for employees will be jointly funded by employers and employees, paid together with the basic medical insurance premium. The rate will be reasonably determined based on the national benchmark rate, with an overall rate controlled at around 0.3%, equally shared by employers and individuals, each bearing about 0.15%.

2. On March 26, the State Administration for Market Regulation held its first corporate fair competition symposium of 2026, engaging with relevant leaders from companies such as Minmetals Group, China State Construction Group, CATL, BYD, Chery Automobile, Didi, and Meituan for in-depth discussions and feedback. Meng Yang, a member of the General Administration’s Party Leadership Group and Deputy Director, emphasized the need to strengthen antitrust regulatory enforcement, enhance corporate compliance guidance, deeply rectify “involution-style” competition, and deepen systematic openness in competitive fields, while providing greater support for enterprises to explore international markets and achieve high-quality development.

3. At the Boao Forum for Asia Annual Conference 2026, Chen Jianyu, founder of Star Dynamic Technology Co., Ltd., discussed when robots will enter households. He stated that within the next 3 to 5 years, there will be robots capable of performing certain tasks, and within 5 to 10 years, robots will be able to perform the majority of tasks.

4. The impact of conflicts in the Middle East on global supply chains is spreading from the energy sector to the chemical industry chain. As an important raw material connecting energy and manufacturing, international methanol prices have recently risen significantly.

5. According to data from the General Administration of Customs, the import volume of PC (polycarbonate) in February was 53,100 tons, a year-on-year decrease of 27.08%, marking the lowest level since January 2009. This significant decline in import volume is closely related to the upcoming maintenance of external facilities, which will reduce supply, as well as the contraction in downstream demand during the Spring Festival holiday.

6. At the Zhongguancun Forum Annual Meeting - RISC-V Ecosystem Technology Forum, the Chinese Academy of Sciences officially announced a series of important achievements in key technology breakthroughs, industrial collaborative innovation, and talent cultivation in RISC-V, focusing on the release of two major achievements: the “Xiangshan” open-source processor and the “Ruyi” native operating system, while formally launching joint research and development work on the next-generation chips and operating systems.

Company News

1. SMIC released its annual report, showing a net profit of 5.041 billion yuan in 2025, a year-on-year increase of 36.29%.

2. Huagong Technology announced that the company is sending samples of 1.6T FRO and 1.6T LRO to four leading customers in North America, and will soon officially send small batch samples to N customers.

3. Muxi Co., Ltd. announced a net loss of 790 million yuan in 2025.

4. CNOOC announced a net profit of 122.082 billion yuan in 2025, a year-on-year decrease of 11.5%.

5. China Mobile announced a net profit of 137.1 billion yuan in 2025, a year-on-year decrease of 0.9%.

6. Meituan announced a revenue of 92.1 billion yuan in the fourth quarter, a year-on-year increase of 4.1%; adjusted net loss of 15.08 billion yuan in the fourth quarter. For the full year of 2025, revenue was 364.85 billion yuan, a year-on-year increase of 8%; full-year net loss was 23.36 billion yuan.

7. Shandong Gold disclosed its annual report, showing a net profit of 4.739 billion yuan in 2025, a year-on-year increase of 61%, proposing a dividend of 1.8 yuan per 10 shares.

8. Wanbangde announced that the research and development of the series related to shikimic acid and peptides has characteristics of high investment and high risk, and the future market competition situation for these products is uncertain.

9. Changfei Fiber Optic announced that new optical fiber products related to data centers and interconnections currently account for a small proportion of the total global market demand.

10. Minova (rights protection) announced that JH389 is currently in the safety testing phase in Europe and has not yet submitted test data to the relevant regulatory authorities.

11. CITIC Securities announced a net profit of 30.076 billion yuan in 2025, a year-on-year increase of 38.58%.

12. *ST Zhengping (rights protection) announced that from March 10 to March 26, its cumulative increase was 57.56%, and it has been suspended from trading for verification.

13. *ST Panda (rights protection) announced that the relevant verification work has been completed, and the stock has resumed trading.

14. Haier Smart Home announced plans to repurchase A shares worth 3 billion to 6 billion yuan.

15. China Pacific Insurance announced a net profit of 53.5 billion yuan in 2025, a year-on-year increase of 19%.

16. Shougang Co., Ltd. announced plans to issue convertible bonds and pay cash to purchase equity in its subsidiary, leading to a suspension of trading from today.

17. Liaoning Energy announced that its fourth-largest shareholder, Shenzhen Xianglong, plans to reduce its holdings by no more than 1% of the company’s shares.

18. Weike Technology announced that its products in the field of optical communications mainly include MPO fiber optic connector components and adapters.

Global Markets

International oil prices surged sharply, with WTI May crude oil futures settling at $94.48 per barrel, an increase of 4.61%; Brent May crude oil futures settled at $108.01 per barrel, an increase of 5.66%.

International precious metals weakened, with spot gold closing down 2.78% at $4,380.49 per ounce; spot silver fell 4.5% to $68.1 per ounce.

U.S. stock indices fell sharply, with the Nasdaq down 2.38%, cumulatively down over 10% from its historical high, confirming it has entered a correction phase; the S&P 500 fell 1.74%, while the Dow Jones fell 1.01%. Tech stocks generally declined, with Meta down nearly 8%, marking its largest single-day drop since October 30 of last year, and AMD and Western Digital both dropping over 7%. Popular Chinese concept stocks closed collectively lower, with the Nasdaq Golden Dragon China Index down 2.55%. Xpeng Motors fell over 6%, while Bilibili and Baidu fell over 4%, and Alibaba and NIO fell over 3%.

Investment Opportunity Reference

1. Significant Progress in Solid-State Battery Industrialization, Space Computing Opens New Narrative Logic

Recently, Chongqing Tailan New Energy Co., Ltd. and Yadea Technology Group Co., Ltd. achieved a key breakthrough in collaboration, formally launching the high-end electric motorcycle “Yadea Crown Starship II-200L,” equipped with mass-produced semi-solid-state batteries, marking the commercial application of solid-state battery technology in the two-wheeler scenario.

Market analysis points out that solid-state battery technology, once regarded as a high-end configuration, is gradually integrating into the daily travel of the public. China’s strategic layout for solid-state batteries has always been at the forefront and is positioned as a key focus for “new lithium battery technology.” On the industrial side, the domestic supply chain layout is complete, while overseas players are seizing technological high ground. On the application side, space computing broadens application scenarios and opens new narrative logic. The development of the space energy storage market provides new growth momentum for the solid-state battery industry, estimating that solid-state batteries are expected to achieve a shipment level of 100-200GWh by 2030 based on application scenarios.

2. Under the Logic of Energy Substitution, Expected Demand for Coal is Likely to Improve

Industry media reported that on March 26, the price of coking coal in the Handan market rose, with low-sulfur primary coking coal priced at 1,460 yuan/ton, an increase of 60 yuan/ton, and low-sulfur fat coal priced at 1,570 yuan/ton, an increase of 70 yuan/ton, both being ex-factory prices including tax.

Fangzheng Securities research report indicated that escalating geopolitical conflicts have heightened concerns about crude oil supply. Based on the logic of energy substitution, expected demand for coal is likely to improve. By early 2026, coal inventories at the ARA three ports in Europe were already at a low level. If another energy crisis occurs, there is a possibility that coal prices could repeat the trends of 2022. When the crisis broke out in 2022, coal prices rose first, but fell after reaching $396/ton. As coal prices rose to high levels, crisis sentiment weakened somewhat, but as time progressed, energy shortages began to show in various European countries, leading to coal hoarding and resulting in renewed increases in coal prices, which remained high. By 2026, European coal stocks are also at low levels, and once the crisis materializes and energy begins to run short, coal prices are expected to remain high, similar to the situation in 2022.

Suspension and Resumption of Trading

【Suspension】

000959 Shougang Co., Ltd.

002718 Youbang Ceiling

603843 *ST Zhengping

300165 ST Tianrui

605555 Dechang Co., Ltd.

【Resumption】

600599 *ST Panda

Announcement Express

【Hot Topics】

Yidian Tiantang: Has submitted an H-share issuance and listing application to the Hong Kong Stock Exchange.

*ST Panda: Stock trading suspension verification has been completed, resuming on the 27th.

*ST Zhengping: Will verify stock trading situations and suspend trading starting on the 27th.

Jiangnan High Fiber: The company’s main business and product gross profit margins have not changed significantly.

Changfei Fiber Optic: New optical fiber products related to data centers and interconnections account for a small proportion of the total global market demand.

Dechang Co., Ltd.: Plans to change its actual controlling shareholder, suspending trading starting on the 27th.

Shougang Co., Ltd.: Plans to purchase equity assets in its controlling subsidiary, suspending trading starting on the 27th.

Tailin Bio: Plans to issue convertible bonds to raise no more than 230 million yuan.

【Operating Performance】

Dinglong Co., Ltd.: Estimated net profit growth of 70.22%-84.41% year-on-year in Q1 2026.

Xinqianglian: Net profit increased by 1,151.44% year-on-year in 2025, proposing a dividend of 2.95 yuan per 10 shares.

Shenzhen Huqiang: Net profit increased by 117.38% year-on-year in 2025, proposing a dividend of 1 yuan per 10 shares.

Dingtai Gaoke: Net profit increased by 91.14% year-on-year in 2025, proposing a dividend of 5 yuan per 10 shares.

Jibite: Net profit increased by 89.82% year-on-year in 2025, proposing a dividend of 70 yuan per 10 shares.

Weichai Heavy Machinery: Net profit increased by 65.75% year-on-year in 2025, proposing a dividend of 1.16 yuan per 10 shares.

Weiguang Co., Ltd.: Net profit increased by 65.22% year-on-year in 2025, proposing a dividend of 3.5 yuan per 10 shares.

Shandong Gold: Net profit increased by 60.57% year-on-year in 2025, proposing a dividend of 1.8 yuan per 10 shares.

Allwinner Technology: Net profit increased by 57.2% year-on-year in 2025, proposing a conversion of 2 shares and a dividend of 2 yuan.

SMIC: Net profit of 5.041 billion yuan in 2025, a year-on-year increase of 36.3%.

Guodian Nanzi: Net profit increased by 40.95% year-on-year in 2025, proposing a dividend of 2 yuan per 10 shares.

Flantak: Net profit of 229 million yuan in 2025, a year-on-year increase of 37.35%.

Jinghe Integration: Net profit of 704 million yuan in 2025, a year-on-year increase of 32.16%.

Huahuan Securities: Net profit increased by 41.92% year-on-year in 2025, proposing a dividend of 1.2 yuan per 10 shares.

CITIC Jiantou: Net profit increased by 30.68% year-on-year in 2025, proposing a dividend of 1.75 yuan per 10 shares.

Guangha Communication: Net profit increased by 29.7% year-on-year in 2025, proposing a dividend of 2 yuan per 10 shares.

Hengxuan Technology: Net profit increased by 29% year-on-year in 2025, proposing a conversion of 4 shares and a dividend of 14 yuan.

Tebao Bio: Net profit increased by 24.61% year-on-year in 2025, proposing a dividend of 6.2 yuan per 10 shares.

Qingdao Bank: Net profit increased by 21.66% year-on-year in 2025, proposing a dividend of 1.8 yuan per 10 shares.

Everbright Securities: Net profit increased by 21.77% year-on-year in 2025, proposing a dividend of 1.74 yuan per 10 shares.

Guangdian Measurement: Net profit increased by 20.57% year-on-year in 2025, proposing a dividend of 2 yuan per 10 shares.

Zhongke Environmental Protection: Net profit increased by 19.04% year-on-year in 2025, proposing a dividend of 1 yuan per 10 shares.

China Pacific Insurance: Net profit increased by 19% year-on-year in 2025, proposing a dividend of 11.5 yuan per 10 shares.

Zhongshan Shipping: Net profit of 6.012 billion yuan in 2025, a year-on-year increase of 17.71%.

Jinhui Co., Ltd.: Net profit increased by 15.29% year-on-year in 2025, proposing a dividend of 2.3 yuan per 10 shares.

Haitian Flavor Industry: Net profit increased by 10.95% year-on-year in 2025, proposing a dividend of 8 yuan per 10 shares.

China People’s Insurance: Net profit increased by 8.8% year-on-year in 2025, proposing a dividend of 1.45 yuan per 10 shares.

Guangdong Hongda: Net profit increased by 6.62% year-on-year in 2025, proposing a dividend of 4.5 yuan per 10 shares.

Qingdao Beer: Net profit increased by 5.6% year-on-year in 2025, proposing a dividend of 23.5 yuan per 10 shares.

Jiuyuan Silver Sea: Net profit increased by 4.92% year-on-year in 2025, proposing a dividend of 1 yuan per 10 shares.

Haier Smart Home: Net profit increased by 4.39% year-on-year in 2025, proposing a dividend of 8.867 yuan per 10 shares.

Zhongchuang Logistics: Net profit increased by 3.22% year-on-year in 2025, proposing a dividend of 6.5 yuan per 10 shares.

Jiuzhitang (rights protection): Net profit increased by 2.96% year-on-year in 2025, proposing a dividend of 3 yuan per 10 shares.

Jiangxi Copper: Net profit increased by 2.41% year-on-year in 2025, proposing a dividend of 6 yuan per 10 shares.

Ruifeng Bank: Net profit increased by 2.3% year-on-year in 2025, proposing a dividend of 2.1 yuan per 10 shares.

Xinhua Wenhui: Net profit increased by 1.53% year-on-year in 2025, proposing a dividend of 4.2 yuan per 10 shares.

Saiwei Electronics: Net profit of 1.473 billion yuan in 2025, turning losses into profits year-on-year, proposing a dividend of 3.7 yuan per 10 shares.

COSCO Shipping Energy: Net profit decreased by 0.11% year-on-year in 2025, proposing a dividend of 3.8 yuan per 10 shares.

China Mobile: Shareholders’ profit of 137.1 billion yuan in 2025, a year-on-year decrease of 0.9%.

Fuyao Glass: Net profit decreased by 2.59% year-on-year in 2025, proposing a dividend of 1.5 yuan per 10 shares.

Joyoung: Net profit decreased by 3.85% year-on-year in 2025, proposing a dividend of 1.5 yuan per 10 shares.

Weichai Power: Net profit decreased by 4.15% year-on-year in 2025, proposing a dividend of 3.74 yuan per 10 shares.

Yunnan Copper: Net profit decreased by 7.31% year-on-year in 2025, proposing a dividend of 2.3 yuan per 10 shares.

Hangzhou Jie Bai: Net profit decreased by 9.28% year-on-year in 2025, proposing a dividend of 0.84 yuan per 10 shares.

Xinjie Energy: Net profit decreased by 9.42% year-on-year in 2025, proposing a dividend of 1.91 yuan per 10 shares.

Youyan Silicon: Net profit decreased by 10.14% year-on-year in 2025, proposing a dividend of 0.55 yuan per 10 shares.

Chihong Zn & Ge: Net profit of 1.035 billion yuan in 2025, a year-on-year decrease of 19.91%.

Qingsong Jianhua: Net profit decreased by 21.85% year-on-year in 2025, proposing a dividend of 1 yuan per 10 shares.

Jinlongyu: Net profit decreased by 23.65% year-on-year in 2025, proposing a dividend of 1 yuan per 10 shares.

Lihe Technology: Net profit decreased by 27.95% year-on-year in 2025, proposing a dividend of 0.5 yuan per 10 shares.

Yunnan Energy Investment: Net profit decreased by 64.99% year-on-year in 2025, proposing a dividend of 1.3 yuan per 10 shares.

Zhongji Group: Net profit decreased by 92.57% year-on-year in 2025, proposing a dividend of 1.79 yuan per 10 shares.

【Contract Wins】

Wansheng Intelligent: Pre-awarded a 70.9454 million yuan project from the State Grid.

Canaan Intelligent: Pre-awarded a project from the State Grid worth approximately 63.0382 million yuan.

【Buybacks & Reductions】

Haier Smart Home: Plans to repurchase A shares worth 3 billion to 6 billion yuan.

Tailin Bio: Plans to repurchase company shares worth 20 million to 40 million yuan.

Hangxin Technology: Original controlling shareholder Li Fengrui plans to reduce holdings by no more than 0.66%.

Huiyun Titanium Industry: Chaoyang Investment plans to reduce holdings by no more than 2.98%.

Liaoning Energy: Shenzhen Xianglong plans to reduce holdings by no more than 1%.

【Others】

Xizhuang Co., Ltd.: Obtained supplier qualification certification from Saudi Aramco.

Dingtai Gaoke: Plans a 5 billion yuan investment project for an intelligent manufacturing headquarters in Dongguan.

Ruylian New Materials: Plans to use 80 million yuan of remaining raised funds to build the Pucheng Haitai high-performance optoelectronic materials project.

Youfu Co., Ltd.: Terminated the project for an annual production of 16,000 tons of dipped curtain fabric and 6,000 tons of dipped canvas.

Light Media: Signed a framework agreement with Maoyan Entertainment for cooperation in IP derivative business.

Qinchuan Machine Tool: The subsidiary plans to invest in a project for the intelligent manufacturing of new energy-driven motor reducers and gear and shaft components.

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责任编辑：郭栩彤