March 30 Investment Safety Tip: Nationwide pig prices fall below 5 yuan, hitting a new record low

Guide: 财联社 March 30 investment risk-avoidance needle. Recently, the following are potential risk events in China’s A-share market and overseas markets.

Domestic economic information includes:

1. An academician of the Chinese Academy of Sciences said solid-state batteries may need to wait at least another 5 years;
2. The national pork price has fallen below 5 yuan, reaching a historic low.

For companies, key items to watch include:

1. Selute (rights protection): Due to false records in its 2021 and 2023 annual reports, other risk warnings will be imposed, and the stock short name will be changed to “ST Selte”;
2. Ba Yi Steel (rights protection): Starting March 31, it will implement a delisting risk warning, and the securities short name will be changed to “*ST Bayigang”.

Overseas markets, key items to watch include:

1. Last Friday, the U.S. stocks Nasdaq closed down more than 2%, and the S&P 500 recorded a five-week losing streak;
2. News about the U.S. military preparing for combat with ground operations against Iran sparked worldwide.

Economic information

1. In recent days, multiple battery companies and automakers have successively released updates on solid-state battery R&D progress and mass-production timelines. At the 2026 Car Association Research Institute expert media exchange meeting, Ouyang Minggao, an academician of the Chinese Academy of Sciences and vice chairman of the China Electric Vehicle Hundred People Association, said, “A lot of people are waiting for solid-state batteries now. I don’t think you need to wait. The current electric vehicles are already very good.” He said that solid-state batteries are expected to start going into vehicles in 2027, but for them to truly form a scale and account for 1% of the market share, it may still require five to ten years. (China News Weekly)

2. China’s pork prices have continued to fall. Although consumers can buy pork more affordably, many breeders are suffering severe losses—“the pressure is enormous.” According to the latest monitoring data from the Ministry of Agriculture and Rural Affairs, in the 3rd week of March, the pig prices in all 30 monitored provinces across the country fell; the average pig price was 11.05 yuan per kilogram, down 28% year over year. This price hit a new low since June 2018. Experts said that in the short term, pig prices will maintain a low-level sideways range. They recommend that breeding enterprises, while doing a good job in disease prevention and cost management, should, on the one hand, release stocks in line with the timing and trend to avoid blindly holding for higher prices and conducting second fattening, and on the other hand optimize breeding efficiency to avoid blindly expanding capacity to bet on the market. This is to prevent market risks that may appear in the second half. At present, the Ministry of Agriculture and Rural Affairs is intensifying the release of market early-warning information to guide orderly releases, accelerate the elimination of low-yield breeding sows and weak piglets, adjust pig production capacity adaptively, and promote balance between supply and demand. (Economic Daily)

3. In places such as Shandong and Shanxi, in recent times, notices have been issued to adjust or revoke some wind power and solar power generation projects, including adjustments to relevant solar investment layouts by multiple central and state-owned enterprises. Industry insiders noted that behind this change are multiple adjustments in policy orientation, market environment, and corporate strategy. It also reflects a key watershed in China’s new energy industry stepping onto “high-quality development,” and that the industry landscape, technology routes, and development models are all undergoing comprehensive restructuring. (Xinhua Finance)

Company early warnings

1. Selute: Due to false records in its 2021 and 2023 annual reports, other risk warnings will be implemented, and the stock short name will be changed to “ST Selte”.

2. Ba Yi Steel: Starting March 31, a delisting risk warning will be implemented, and the securities short name will be changed to “*ST Bayigang”.

3. Xinzhigroup: The company’s largest shareholder plans to reduce its holdings by no more than 3% of the shares.

4. Griel: Hou Guanghui plans to reduce its holdings by no more than 0.1435% of the shares.

5. Zhimi Intelligent: The controlling shareholder plans to reduce its holdings by no more than 1.9979% of the shares.

6. Litong Electronics: Some directors and senior executives plan to reduce their holdings in total by no more than 0.1595% of the shares.

7. Shanghai Auto Parts: Shareholders Glolly and Dizhikai plan to reduce their holdings in total by no more than 1.80% of the shares.

8. Leman Optoelectronics: Plans to sell no more than 8.39 million shares of the repurchased shares.

9. Xilinmen: A controlling subsidiary’s 1 billion yuan of funds was illegally transferred; a 9 billion yuan account has been frozen with protective measures.

10. Dashengda: Cancels the extraordinary shareholders’ meeting and will not review a batch of investment transactions involving GPU enterprises for now.

11. Two consecutive daily limit up: The company’s BOPP capacitor film capacity is limited.

12. Santiexian Railway (rights protection): The company and relevant responsible parties received a pre-notice of administrative penalty from the Hubei Securities Regulatory Bureau.

13. Fengfan Shares: A fire accident occurred at the company’s controlling subsidiary; it is preliminarily expected to have some impact on the 2026 performance.

14. Moen Electric: In 2025, net profit fell 40.79% year over year.

15. Electric Wind Power: In 2025, the net loss was 989 million yuan.

16. Jiangling Motors: In 2025, net profit fell 22.75% year over year to 1.187 billion yuan.

17. Fudan Microelectronics: In 2025, net profit fell 59.42% year over year; it plans to distribute 0.58 yuan for every 10 shares (10派0.58元).

18. AVIC Optoelectronics: In 2025, net profit fell 35.56% year over year; it plans to distribute 5.5 yuan for every 10 shares (10派5.5元).

19. Jinmei Technology: Abnormal fluctuations in stock trading; the company expects a pre-tax loss of 171 million yuan in 2025.

20. ST Bailin (rights protection): Due to false records in its annual reports for 2019, 2020, 2021, and 2023, the company has been fined 10 million yuan by the Guizhou Securities Regulatory Bureau.

Overseas early warnings

1. Last Friday, the three major U.S. stock indexes all closed lower: the Nasdaq fell 2.15%, the S&P 500 fell 1.67%, recording a fifth consecutive week of decline—its longest losing streak since 2022. The Dow fell 1.72%. Technology stocks broadly declined: Meta and Amazon fell nearly 4%; Tesla, Qualcomm, Broadcom, Google, Microsoft, Intel, and NVIDIA fell more than 2%.

Most popular China-concept stocks fell: the Nasdaq China Golden Dragon Index fell 1.9%, NIO fell more than 4%, XPeng Motors, Bawang Chaji, Trip.com, and iQIYI fell more than 3%, and Alibaba fell more than 2%.

2. News that the U.S. military is preparing for ground operations against Iran has ignited the world. Unlike the full-scale invasion of Iraq in 2003, the Pentagon this time has rolled out the “precision dagger decapitation” tactic—without occupying territory or waging a prolonged war—aiming directly at Iran’s oil lifeline, Khark Island, attempting to replicate the glory of the 1991 Gulf War with a “victory in a matter of weeks.” On June 28, the Washington Post reported that the Pentagon is preparing a limited ground operation lasting for several weeks, not a comprehensive occupation-style invasion. By now, thousands of Marines and paratroopers from the 82nd Airborne Division have been deployed to the Middle East. Among them, about 3,500 members of the 31st Marine Expeditionary Unit are taking the amphibious assault ship “Tripoli” and heading straight to the core waters of the Persian Gulf. On the 26th, the Wall Street Journal disclosed that the U.S. military is considering adding up to 10,000 ground combat troops, including infantry and armored forces; the total troop size would be only one percent of that of the Iraq War at the time, completely abandoning the combat model of hundreds of thousands of troops pressing in from the border. The Pentagon’s strategic intent is very clear: give up a costly and uncontrollable full occupation, and instead focus on an “economic strangulation war,” with its core tactical objective directly targeting Iran’s oil-producing areas in the southwest and the lifeline choke point of the Strait of Hormuz.

3. Israel: News on the 28th said that Yemen’s Houthi armed forces fired ballistic missiles toward southern Israel that day, marking that the Houthis have “joined the war.”

4. Iran’s foreign ministry spokesperson Baghaei said that the recommendations submitted to Iran by the United States through mediation are very extreme and unreasonable. Baghaei said in an interview with the media that day that these recommendations involve Iran’s fundamental rights and do not reflect good will or a serious diplomatic stance. He also said that Iran must rely on its own capabilities to ensure security and will use every means to prevent being attacked again. Baghaei said Iran’s military actions will not target Arab countries, only the U.S. military bases and assets that are used to carry out actions against Iran. He also said that the current conflict is not a war between the American public and Iran, but a conflict imposed on the region.

5. The Russian government said that on the 27th, Russian Deputy Prime Minister Alexander Novak instructed the Ministry of Energy to draft an executive order to ban gasoline exports starting April 1. The purpose is to stabilize prices as energy markets become volatile due to the fighting in the Middle East, while prioritizing supply to Russia’s domestic market.

6. U.S. Secretary of State Rubio, attending a G7 foreign ministers meeting in France, said on the 27th that it is expected that military operations against Iran will end at an appropriate time—“we’re talking about weeks, not months.” According to a message posted by Axios News website reporter on social media, Rubio said at the foreign ministers meeting that the fighting would continue “2 to 4 weeks.”

7. Former White House economist Roubini predicted that President Trump is more likely to escalate the war against Iran to secure victory rather than to give in and take on the risk of more severe consequences for the economy and the international order. He said the probability of escalation exceeds 50%. He also mentioned that the leadership of the Federal Reserve is about to change. “A new Fed chair can’t possibly destroy their reputation at the very beginning of their term,” so there may be no choice but to raise interest rates.

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