Selected A-share Announcements | Total price exceeds 100 billion yuan! China Eastern Airlines (600115.SH) will purchase 101 aircraft from Airbus

Today’s Focus

1. China Eastern Airlines: Plans to purchase 101 A320NEO series aircraft from Airbus; total list price approximately 108.893 billion yuan

China Eastern Airlines announced that the company has signed an “Agreement on the Purchase of 101 A320NEO Series Aircraft” with Airbus (together, “Airbus”). The company will purchase 101 A320NEO series aircraft from Airbus. The above aircraft are scheduled to be delivered to the company in batches from 2028 to 2032. The total list price for these aircraft is approximately $15.802 billion. Based on the RMB to USD midpoint exchange rate for the day of signing the transaction agreement, as published by the People’s Bank of China (1 USD = 6.8911 RMB), this amounts to approximately 108.893 billion yuan.

2. China Life: Plans to contribute 2.8 billion yuan to participate in setting up the Sci-Tech Innovation Relay Fund

China Life announced that the company intends to contribute 2.8 billion yuan as a limited partner, together with Fujian government investment, Fuzhou Jintou, and others, to jointly establish the Fujian Province Xinrui Sci-Tech Innovation Relay Equity Investment Fund Partnership ( Limited Partnership ), with a total fund size of 40.154 billion yuan. The fund focuses on the secondary private equity market and will primarily invest in strategic emerging industries such as next-generation information technology, biomedicine, high-end manufacturing, and others. This transaction constitutes a related-party transaction, has been reviewed and approved by the board of directors; related directors will abstain from voting, and it does not require submission for review by the shareholders’ meeting.

3. Deppon Shares: Will terminate listing and delist on March 31

Deppon Shares announced that on March 24, the company received a “Decision” from the Shanghai Stock Exchange. The decision approves the company’s voluntary withdrawal of its shares from trading on the exchange and decides to terminate the company’s listing of its shares. The company’s shares will cease trading and be delisted on March 31, 2026. After the company’s listing is terminated, the shares will be transferred to the National Equities Exchange and Quotations (NEEQ), and the shares will be traded on the quotation platform established by two-network companies and delisted companies, which are set up and managed by the original securities firms through their entrusted share-transfer business system.

4. Hangdian Shares: Shareholders Fuchunjiang Communication Group and 4 directors and senior officers plan to reduce their holdings by no more than 0.89% in total

Hangdian Shares announced that shareholder Zhejiang Fuchunjiang Communication Group Co., Ltd., due to needs for business development, plans to reduce its holdings by no more than 1.53 million shares (( representing 0.22% of the company’s total share capital)) through centralized bidding during the period from April 17, 2026 to July 16, 2026, and reduce its holdings by no more than 3.06 million shares (( representing 0.44% of the company’s total share capital)) through block trades. Company directors and senior executives Hua Jianfei, Ni Yijian, Yin Zhiping, and Hu Jianming, due to personal capital needs, plan to reduce their holdings at the same time via centralized bidding by no more than 1.0927 million shares ((0.16%)), 158.2 thousand shares ((0.02%)), 158.2 thousand shares ((0.02%)), and 158.2 thousand shares ((0.02%)) respectively. The above-mentioned reduction parties in total plan to reduce their holdings by no more than 6.1574 million shares, representing no more than 0.8907% of the company’s total share capital.

5. Ruineng Technology: Plans to acquire no more than 75% of Botai Intelligent to obtain control; trading to suspend starting tomorrow

Ruineng Technology announced that the company is in the process of planning to acquire no more than 75% of the equity interest in Botai Intelligent Equipment ( (Guangdong) ) Co., Ltd. through a combination of issuing shares and paying cash, in order to obtain its control. The company will also raise supporting funds. This transaction is expected not to constitute a major asset reorganization and will not result in a change in the company’s control. Given that the matter involves uncertainty, to protect investors’ interests, the company’s shares will be suspended from trading starting March 26, 2026, with an expected suspension of no more than 10 trading days.

6. Hengtong Shares: Wholly owned subsidiary plans to invest no more than 500 million yuan to build a composite foil materials project; after full commissioning, expected to form an annual production capacity of 45 million square meters of high-end copper-aluminum composite foil

Hengtong Shares announced that its wholly owned subsidiary, Hengtong Precision Copper Foil Technology (Deyang) Co., Ltd. (abbreviated as “Hengtong Copper Foil”), plans to build the Hengtong High-end Precision Composite Foil Results Transformation Project (Phase I) in Jingyang District, Deyang City, Sichuan Province. The project will be built on behalf of Hengtong Copper Foil by Deyang Economic Development Zone Tongheng Commercial Management Co., Ltd., a wholly owned subsidiary of Hengtong Copper Foil, to carry out foundational infrastructure such as factory buildings. After the project is fully commissioned, it is expected to form an annual production capacity of 45 million square meters of high-end copper-aluminum composite foil. The total investment amount of the project is expected not to exceed 500 million yuan. The copper-aluminum composite foil material planned to be produced in this project will mainly be used in fields such as copper-clad laminates, battery negative electrode current collectors, electromagnetic shielding materials, electronic circuits, and others. This project will rely on the company’s independently developed core technology for copper-aluminum composite foil, focus on the ultra-thin composite foil materials market, and further promote the application of the industrialization of technological achievements. The implementation of the project conforms to the industry development trends and the company’s development strategy. After the project is completed, it will help realize the synergy between Hengtong Copper Foil’s existing copper foil business and the market.

Key Company Performance Overview

1. Jinli Permanent Magnet: Net profit in 2025 was 706 million yuan, up 142%; proposes a dividend of 2.2 yuan for every 10 shares

2. China Life: Net profit in 2025 was 1540.78 billion yuan, up 44%; proposes a dividend of 6.18 yuan for every 10 shares

3. China General Nuclear Power: Net profit in 2025 was 97.65 billion yuan, down 9.9% year-on-year

Operating Performance

1. Zhimingda: Net profit in 2025 was 1.02 billion yuan, up 425.27%; proposes a dividend of 1 yuan for every 10 shares

2. Nanya New Materials: Net profit in 2025 was 2.4 billion yuan, up 337.6%

3. Dayuan Pump: Net profit in 2025 was 1.45 billion yuan, down 43.32% year-on-year

4. Guanhao Biotech: Net profit in 2025 was 2434.6 million yuan, down 11.2% year-on-year

5. Haishun New Materials: Net profit in 2025 was a loss of 2326.69 million yuan

6. Hongqi Chain: Net profit in 2025 was 4.81 billion yuan, down 7.78% year-on-year

Share Repurchases & Holdings Reductions

1. Wuchan Zhongda: The chairman proposes a share buyback of 200 million yuan to 400 million yuan

2. BaiAo Intelligent: Plans to repurchase shares worth 10 million yuan to 20 million yuan

3. Kaige Precision Machinery: The controlling shareholder’s persons acting in concert plan to reduce their holdings in total by no more than 2%

4. Jiquan Technology: Senior executive Zheng Wenchang plans to reduce his holdings by no more than 0.26%

Winning Major Orders

1. China Railway Signal & Communication: Won five important projects in January to February; total amount approximately 892 million yuan

2. Jingan Electric: Won a State Grid ultra-high voltage project worth approximately 39.2074 million yuan

3. Shanda Power: Won a project worth 18.72 million yuan

This article is reprinted from “Tencent Stock Picks”; Zhitong Finance editor: Chen Xiaoyi.

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