Unveiling the Limit-Up | Record-breaking performance in the first quarter, over 500 million in funds sealed the limit-up

As of today’s close (March 30), the Shanghai Composite Index finished at 3,923.29 points, up 0.24%; the Shenzhen Component closed at 13,726.19 points, down 0.25%; the ChiNext Index fell 0.68%, and the STAR 50 Index fell 0.84%.

Excluding IPOs with shares not yet opened for trading, among the A-shares available for trading today, 2,867 stocks rose, accounting for 52.37%; more than 2,400 stocks declined, and 144 stocks were flat. Of these, 76 stocks had their price locked at the daily limit-up at the close, and 20 stocks were locked at the limit-down. In addition, 26 stocks failed to achieve full subscription to the board despite placing orders; the overall limit-up success rate was 74.51%.

According to data compiled by Securities Times · Data Bao, among the stocks locked at the daily limit-up, there are more companies in the Pharmaceutical and Biological, Power Equipment, and Building Decoration industries, with 12, 8, and 6 stocks respectively.

By consecutive limit-up days, ST Ruihe had already closed six consecutive limit-up boards, the highest number of consecutive limit-up boards. Measured by the order-queue amount, TianShan Aluminum, Hengtong Optic-Electric, and Yangtze Optical Fibre reached the top in terms of limit-up order-queue funds, at 0.563 billion yuan, 0.405 billion yuan, and 0.324 billion yuan respectively.

Tianshan Aluminum’s 2025 annual report shows that it achieved operating revenue of 29.502 billion yuan, up 5.03%; attributable net profit to shareholders was 4.818 billion yuan, up 8.13%; non-recurring attributable net profit was 4.66 billion yuan, up 8.15%. The company plans to distribute cash dividends of 2.5 yuan (tax included) for every 10 shares to all shareholders. In addition, the company expects attributable net profit in the first quarter of 2026 to be 2.2 billion yuan, up 107.92%, setting a record for its best quarterly performance.

For the main reasons behind the surge in performance, Tianshan Aluminum said that partial capacity from the 1.4-million-ton green low-carbon energy-efficiency improvement project for electrolytic aluminum has been put into production, and electrolytic aluminum production and sales increased year on year by about 10%. Meanwhile, the sales price of electrolytic aluminum products rose year on year by about 17%, with coordinated efforts on both volume and price, enabling a good start to the year.

In terms of the strength of the order-queue (order-queue quantity as a proportion of circulating A-shares), Sinong United, Yili Dа, and Huashengchang had relatively strong levels, at 4.78%, 4.26%, and 3.85%, respectively.

Statement: All information from Data Bao does not constitute investment advice. The stock market involves risk; investment should be done cautiously.

Proofread by: Xu Xin