Selected A-share Announcements | Star companies such as PetroChina (601857.SH) and Tianshan Aluminum Group (002532.SZ) have released their financial reports intensively.
China Petroleum: Net profit is expected to decrease by 4.5% in 2025, with a proposed cash dividend of 0.25 yuan per share; Tianshan Aluminum Industry: Net profit is expected to increase by 107.92% year-on-year in the first quarter of 2026.
Focus today
Zhejiang Great Southeast Corp.Ltd: Limited capacity for the company's BOPP capacitor film
Zhejiang Great Southeast Corp.Ltd issued a notice of abnormal changes, stating that the company's raw material prices have fluctuated due to the rise in oil prices. Although cost pressures can be effectively passed downstream, they still have a certain impact on the company's net profit. The company has taken proactive measures to reduce the impact of fluctuating raw material prices on production and operation by optimizing procurement channels, negotiating long-term cooperation agreements with suppliers, etc. Currently, the company's raw material supply is stable, and production and operation activities are proceeding normally and orderly, with no production interruptions or major operational risks due to the rise in raw material prices. Given the limited BOPP capacitor film production capacity of the company, the current focus is mainly on meeting the stable demand of existing core customers; the extent of the impact of the extension of the film business on the company's net profit will depend on various factors such as market demand, product sales prices, and cost control, therefore there is a certain level of uncertainty.
Xinjiang Ba Yi Iron & Steel: Company's stock to be subject to delisting risk warning from March 31
Xinjiang Ba Yi Iron & Steel announced that, according to the audited net assets of the company by the end of 2025 were -1.729 billion yuan, which triggered the provisions of Article 9.3.2(2) of the "Shanghai Stock Exchange Listing Rules." After the company's annual report for 2025 is disclosed, the company's stock will be subject to a delisting risk warning (prefixed with "*ST" in the company's stock abbreviation). The company's stock will be suspended for one day on March 30 and subject to a delisting risk warning from March 31, with a daily price limit of 5% after the implementation of the delisting risk warning, and the stock will be traded on the risk warning board.
Wuhan Sante Cableway Group: Company and related responsible persons receive administrative penalty advance notice from Hubei Securities Regulatory Bureau
Wuhan Sante Cableway Group announced that on March 27, the company, the company's former actual controller Ai Luming, as well as Lu Sheng, Zhang Quan, Wang Lixi, and Zhang Yunyun, received the "Administrative Penalty Advance Notice" from the Hubei Securities Regulatory Bureau of the China Securities Regulatory Commission. After investigation, it was found that Wuhan Sante Cableway Group failed to timely disclose non-operating fund misappropriation by related parties, as well as significant omissions in the company's 2019 annual report and 2020 annual report. The Hubei Securities Regulatory Bureau intends to give a warning to Wuhan Sante Cableway Group and impose a fine of 10.5 million yuan; give warnings to the related responsible persons and impose fines; impose a fine of 11 million yuan on Ai Luming and take lifetime market access restrictions.
Bybon Group: Planning for a change in control of the company's ownership. Suspension of trading from March 30
Bybon Group announced that the company recently received a notice from the controlling shareholder Da'an Century, Yuehua Zhongcheng, and the actual controller Liu Tiecheng, that the controlling shareholder and actual controller of the company are planning for a change in control of the company's ownership, which may result in changes to the controlling shareholder and the actual controller. Following the company's application to the Shenzhen Stock Exchange, the company's stock will be suspended from trading starting March 30 (Monday), with an expected suspension period not exceeding two trading days.
Hangzhou Electronic Soul Network Technology: Planning to invest 49.2 million yuan to acquire 51% equity of Shanghai Manhun
Hangzhou Electronic Soul Network Technology announced that the company plans to invest a total of 49.2 million yuan through equity transfer and capital increase to acquire 51% equity of Shanghai Manhun Huanxin Planning & Design Co., Ltd. After the completion of the transaction, Shanghai Manhun will become a subsidiary of the company and be included in the company's consolidated financial statements. Shanghai Manhun is a leading domestic second-dimensional derivative enterprise, focusing on IP derivative development, production, and sales business. The realization of actual control over Shanghai Manhun in this transaction can help fast integrate scarce IP resources and mature channels, promote the company's strategic layout in the country's key new growth track of second-dimensional derivative products, build a "game + IP derivative product" dual-wheel drive model, optimize the company's revenue structure; and through integrating Shanghai Manhun's business layout and cooperative resources in Japan, the overseas landing channel for IP derivative products, accelerating the international dissemination of Chinese game IPs can be achieved.
Performance
Hunan Valin Wire&Cable: Net profit increased by 1.05% year-on-year in 2025, planning to distribute 0.65 yuan per share
Hunan Valin Wire&Cable disclosed its annual report, achieving operating income of 4.507 billion yuan in 2025, a year-on-year increase of 8.39%; net profit attributable to the parent company was 110 million yuan, a year-on-year increase of 1.05%; basic earnings per share was 0.2 yuan. The company plans to distribute a cash dividend of 0.65 yuan (including tax) per 10 shares.
Petrochina: Net profit decreased by 4.5% year-on-year in 2025, planning to distribute a cash dividend of 0.25 yuan per share
Petrochina released its annual report, achieving operating income of 2.864.469 billion yuan in 2025, a year-on-year decrease of 2.5%; realizing a net profit attributable to the parent company's shareholders of 157.3 billion yuan, a year-on-year decrease of 4.5%; basic earnings per share 0.86 yuan. The company plans to distribute a cash dividend of 0.25 yuan per share (includi
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