End-of-day surge! 600302, 1-minute limit-up!

Log in to the Sina Finance app to search for【information disclosure】to view more evaluation tiers

When trading stocks, watch Golden Qilin analyst research reports—authoritative, professional, timely, and comprehensive. Help you uncover high-potential themes and opportunity!

In the A-share market, prices fell while trading volume shrank; several individual stocks saw a late-session surge.

Today in the A-share market (April 3), the overall trend moved downward, showing a pattern of price decline with reduced volume.

Notably, even as the market fell overall, many stocks still performed actively—nearly 40 A-shares closed at limit-up. In addition, some stocks surged straight up late in the trading session.

The A-share market moved downward overall

As the A-share market fell overall today, as of the close the Shanghai Composite Index again fell below the 3,900-point integer mark; it closed down 1%. The Shenzhen Component Index fell 0.99%, the ChiNext Index fell 0.73%, and the STAR Market composite index rose slightly by 0.02%.

Regarding major industry sectors, if divided according to Shenwan first-level industries, sectors such as agriculture, forestry, animal husbandry and fishery, power equipment, textiles and apparel, utilities, media, social services, and building and decoration saw the largest declines. Sectors such as communications and electronics led the gains.

In terms of concept sectors, concepts such as CPO, lithography machines, and 6G performed relatively well.

As the Qingming small holiday approaches, affected by uncertainty factors in the Middle East situation, investors are relatively cautious in trading. The A-share market overall has been relatively sluggish. Today, the total number of A-shares that closed down was over 4,700 at the close; the combined trading volume of the three markets (Shanghai, Shenzhen, and Beijing) throughout the day was about 1.67 trillion yuan, showing a clear volume contraction versus the previous trading day.

It is worth noting that even amid market declines, there are still many individual stocks performing actively—on that day, nearly 40 A-shares closed at limit-up.

Also, some stocks saw a straight surge late in the session.

Standard Shares (600302) suddenly surged straight up late in the session, with 1 minute to lock the limit-up.

Tongding Internet surged strongly late in the session, closing up 4.67% sharply.

Xingyuan Zhuomei also surged straight up late in the session, closing up 3.19%.

Two delisting stocks fell further and sharply

There are currently two stocks in the A-share market that have entered the delisting preparation period: Lifang Delisting (rights protection) (300344) and Changyao Delisting (rights protection) (300391). Both stocks fell sharply further today.

Among them, Lifang Delisting closed down 7.50% today; its share price was 0.37 yuan per share. Between January and February this year, the stock once saw a strong rally; the share price rose from under 1 yuan per share to more than 3 yuan. On February 11, the stock’s highest share price reached 3.33 yuan per share, more than three times the low price level in January this year. However, since February 12—especially after entering the delisting preparation period—the stock began a continuous plunge. This case once again reflects that some delisting risk stocks may have investment risks, and investors need to pay attention to such risks.

The company received from the Shenzhen Stock Exchange on March 23, 2026, the “Decision on Termination of Listing of the Stock of Lifang Digital Technology Co., Ltd.” (Shenzhen Exchange Approval [2026] No. 330). The Shenzhen Stock Exchange decided to terminate the company’s stock from trading on the exchange. Regarding the reasons for the company’s stock being terminated from listing, the announcement shows that, according to the facts stated in the “Administrative Penalty Decision,” for the company’s annual reports from 2021 to 2023, information disclosure contained false entries; the operating income amounts with continuous false entries in 2021 and 2022, totaling more than 500 million yuan, and exceeding the combined annual operating income amount disclosed for those two years by 50%.

Changyao Delisting saw its share price plunge 6.45% today; intraday it hit a low of 0.27 yuan per share, setting a new historical low for the stock. Regarding the reasons for the company’s stock being terminated from listing, the announcement shows that, according to the facts stated in the “Administrative Penalty Decision,” the company’s annual report information disclosure for 2021 to 2023 contained false entries.

Convertible bond market overall rises

While the A-share market moved downward overall, today’s convertible bond market performed comparatively resiliently. The China Securities Index of Convertible Bonds (CSE convertible bond index) closed up slightly by 0.14%. More than half of convertible bonds closed higher; among them, nearly 60 convertible bonds closed with gains exceeding 1%. Of this, more than 20 convertible bonds had gains exceeding 2%.

SiTe Convertible Bond surged sharply, closing up 13.39%, and its intraday gain had at one point exceeded 19%.

Zhenhua Convertible Bond closed up 10.89%; its maximum intraday gain had at one point exceeded 13%.

On the evening of April 1, previously, Zhenhua Co., Ltd. released an announcement regarding the early redemption of “Zhenhua Convertible Bond.” The announcement stated that from March 12, 2026, to April 1, 2026, the closing prices of the company’s stock for 15 trading days were not lower than 130% of the conversion price per share of the “Zhenhua Convertible Bond” at the time, which was 8.20 yuan per share (including 130%). According to the relevant provisions of the “Prospectus for Public Offering of Convertible Corporate Bonds by Hubei Zhenhua Chemical Co., Ltd.,” a conditional redemption clause for “Zhenhua Convertible Bond” had been triggered. The announcement said that on April 1, 2026, the company held its 12th meeting of the fifth session of the board of directors, which deliberated and approved the proposal on the early redemption of “Zhenhua Convertible Bond.” It decided to exercise the early redemption right of “Zhenhua Convertible Bond” and redeem all “Zhenhua Convertible Bond” registered on the redemption registration date at a price equal to the bond par value plus accrued interest for the current period.

		Sina statement: This message is republished from media in cooperation with Sina. Sina.com publishes this article for the purpose of transmitting more information, and does not mean endorsing its views or verifying the descriptions. The article content is for reference only and does not constitute investment advice. Investors act at their own risk.

Massive information and precise analysis—right here in the Sina Finance app

责任编辑：刘万里 SF014