Overview of Listed Company Good News on the Evening of February 25(With List)

Several listed companies in the Shanghai and Shenzhen markets released important announcements on the evening of February 25. Here is a summary of the positive news:

Zhiyao Innovation: Signs Strategic Investment Intent Agreement with Lingming Photonics; Stock to Resume Trading Tomorrow

Zhiyao Innovation (688191) announced on February 25 that it has signed a strategic investment intent agreement with Lingming Photonics, agreeing to terminate the company’s previous plans to acquire the target company’s equity through issuing RMB common stock and/or convertible bonds, or cash (if any). At the same time, the company plans to increase capital and purchase part of the target company’s equity with cash, with an initial investment of approximately 300 million yuan. Post-investment, the company will hold about 9.09%–10% of the target, and is expected to become a significant shareholder holding over 9%, with rights to nominate a director candidate and veto the overall sale of the target. The target is a domestic provider of high-quality dToF (direct time of flight) sensor chips and system solutions, dedicated to enabling more efficient and precise machine vision 3D perception for smart devices, LIDAR, autonomous driving, and consumer electronics. The company’s stock will resume trading from the opening of the market on February 26, 2026.

Saifu Tian: Controlling Company Anhui Meidalen Resumes Production, Steadily Restoring Normal Supply of Photovoltaic Cells

Saifu Tian (603028) announced on February 25 that on January 30, 2026, it disclosed that its controlling company, Anhui Meidalen, temporarily halted production for equipment upgrades and maintenance according to annual operational plans, with a planned temporary shutdown of no more than 60 days. Recently, the company received notice that Anhui Meidalen will resume operations soon. The smooth restart of production lines will steadily restore the normal supply of photovoltaic cells, further improving production stability and efficiency.

Jinan Guoji: Fully Owned Subsidiary Re-certified as High-Tech Enterprise

Jinan Guoji (002636) announced on February 25 that its wholly owned subsidiary, Jinan Guoji Technology (Hangzhou) Co., Ltd. (“Hangzhou Guoji”), has obtained the “High-Tech Enterprise Certificate” jointly issued by the Zhejiang Provincial Department of Economy and Information Technology, Zhejiang Provincial Department of Finance, and the State Taxation Administration Zhejiang Branch, dated December 19, 2025, valid for three years. According to regulations, after certification, Hangzhou Guoji will continue to enjoy relevant preferential policies for high-tech enterprises for three consecutive years (2025–2027), paying corporate income tax at a rate of 15%.

Songsheng Co.: Invests to Establish a Joint Venture to Develop Server Power Supplies, AI Power Supplies, and Other Digital Energy Products

Songsheng Co. (301002) announced on February 25 that it signed a “Joint Venture Agreement” with Xi’an Yimai Tongchuang Consulting Partnership (Limited Partnership) (“Xi’an Yimai Tongchuang”) and Xi’an Yimai Rui Power Technology Co., Ltd. (“Xi’an Yimai Rui”) to jointly establish a joint venture, Shenzhen Songsheng Yimai Digital Energy Technology Co., Ltd. (subject to official registration approval). The registered capital will be 30 million yuan, with the company contributing 15.3 million yuan (51%). This joint venture aims to develop server power supplies, AI power supplies, and other digital energy products, leveraging supply chain advantages and combining technical and product development strengths of the partners to enhance market competitiveness and support business growth.

Bohai Chemical: Some Funded Projects in Production, Company to Shift from Single Propylene Product to Multi-Product High-Polymer New Materials

Bohai Chemical announced on February 25 that some projects funded by the company’s capital raise, including the acrylic ester and superabsorbent resin new materials projects, are now operational as of February 24, 2026. The launch of the butyl acrylate project marks the company’s transition from a single propylene product to a multi-product high-polymer new materials sector.

Huarei Precision: Raises Prices of CNC Cutting Tools Again Starting February 26

Huarei Precision issued a notice on February 25 stating that due to continuous sharp increases and tight supply of cemented carbide raw materials, production costs have risen significantly, making current prices unsustainable. To ensure product quality and supply stability, the company has decided to raise prices for its entire range of CNC cutting tools again starting February 26, 2026.

Haiguang Information: Net Profit Expected to Increase 22.56%–42.32% in Q1 2026

Haiguang Information (688041) released a performance brief on February 25, reporting total revenue of 14.376 billion yuan in 2025, up 56.91%; net profit attributable to shareholders of 2.542 billion yuan, up 31.66%; basic earnings per share of 1.1 yuan. The same day, the company forecasted that in the first quarter of 2026, revenue will be between 3.9 billion and 4.22 billion yuan, an increase of 62.91%–75.82%; net profit between 620 million and 720 million yuan, up 22.56%–42.32%. The company continues to increase R&D investment, enhancing product competitiveness. As demand for high-end domestic chips rises with AI industry growth, the company’s ongoing innovation and product optimization have expanded its high-end processor market share, driving significant revenue growth and sustained performance improvement.

Wens Food Group: Plans to Repurchase 800 Million to 1.2 Billion Yuan of A-Share Stock

Wens Food Group (300498) announced on February 25 that the board approved using self-owned funds or dedicated loans of no less than 800 million yuan and no more than 1.2 billion yuan (inclusive) to repurchase the company’s A-shares via centralized bidding, for employee stock ownership plans or equity incentives. The repurchase price will not exceed 24.00 yuan per share, with the repurchase to be completed within 12 months from the approval date of the plan.