Summary of positive news from listed companies on the evening of March 10(List of companies attached)

Several listed companies in the Shanghai and Shenzhen markets released important announcements on the evening of March 10. Here is a summary of the positive news:

Changling Hydraulic: Core Breakwave Tender Offer to Acquire 12% of Company Shares; Stock to Resume Trading on March 11

Changling Hydraulic (605389) announced on March 10 that its stock will resume trading at the market open on March 11, 2026. During the tender offer period, three shareholder accounts have accepted the offer, totaling 17.2905 million shares, representing 12.00007% of the company’s total shares. The acquirer, Wuxi Core Breakwave Technology Partnership (Limited Partnership) (“Core Breakwave”), will purchase the accepted shares proportionally according to the “Jiangsu Changling Hydraulic Co., Ltd. Tender Offer Report.” After the completion of this tender offer, Core Breakwave and its concerted parties will hold a total of 60.5022 million shares of Changling Hydraulic, accounting for 41.99% of the company’s total share capital.

Wuhan Tianyuan: Subsidiary Plans to Invest 560 Million Yuan in Independent Shared Energy Storage Station Project

Wuhan Tianyuan (301127) announced on March 10 that its controlling subsidiary, Wuhan Tianyuan Energy Co., Ltd., has signed an “Investment Agreement” with the People’s Government of Xiu County, Jiujiang City, Jiangxi Province, to jointly invest in the “Independent Shared Energy Storage Station Project,” with a total investment of 560 million yuan. Upon completion, the project will synergize with the company’s existing over ten waste incineration green energy projects, further strengthening its diversified business layout of “Water Management + Solid Waste Disposal + Green Energy + High-end Equipment Manufacturing,” and promote the green energy business from a strategic focus to a core growth driver.

Yigao: Thai Subsidiary Plans to Establish a Joint Venture for Transformer Manufacturing Project

Yigao (002922) announced on March 10 that its wholly-owned subsidiary, Yigao Thailand, plans to jointly establish a joint venture with Xindor and CSI in Thailand to develop a transformer manufacturing project. The joint venture will mainly produce medium and low voltage distribution transformers, box-type transformers, and pre-assembled substations. Yigao Thailand will contribute 51% of the registered capital in cash, Xindor 19%, and CSI 30%. The initial registered capital of the joint venture is tentatively set at 5 million Thai Baht, for registration purposes. After meeting the conditions outlined in the agreement, the parties will make additional cash investments proportionally, with the total planned investment not exceeding approximately 130 million yuan.

Dawei Co.: Plans to Raise Up to 108.5 Million Yuan via Private Placement for Embedded Memory Project

Dawei Co. (002213) announced on March 10 that it intends to issue shares to specific investors through a simplified process, raising no more than 108.5 million yuan, to fund the research, development, and commercialization of embedded memory products.

Hengguang Co.: Annual 300,000 Tons Chemical Construction Project Enters Trial Production

Hengguang Co. (301118) announced on March 10 that the 100,000-ton phosphorus chemical production line within the “Annual 300,000 Tons Chemical Construction Project” has completed main construction, equipment installation, and debugging, and has entered trial production.

China Tungsten High-tech: Rising Tungsten Prices Beneficial to Company Performance

On March 10, China Tungsten High-tech stated on an interactive platform that since 2025, the company has issued multiple price adjustment notices for end products. With a wide variety of cemented carbide products and differing raw material costs, the company has enhanced product value through technological innovation and structural optimization, mitigating the impact of raw material price fluctuations and maintaining or increasing gross profit margins. Overall, the rising tungsten prices and their sustained high levels are favorable for the company’s performance.

Lingwei Technology: Jiangsu Huimai Spherical Silicon Micro Powder in M9-Level Copper Clad Laminate Applications Currently in Pilot Stage

Lingwei Technology (301373) disclosed on March 10 that the revenue from Jiangsu Huimai Powder Technology Co., Ltd. (“Jiangsu Huimai”) accounts for about 5% of the company’s total revenue (unaudited). The spherical silicon micro powder products for M9-level copper clad laminates are currently in the pilot testing phase with downstream customers, not yet in mass production or order fulfillment, and future performance impact remains uncertain.

Southeast Network Rack: Plans to Repurchase Shares for 100 Million to 200 Million Yuan

Southeast Network Rack (002135) announced on March 10 that it plans to repurchase shares worth between 100 million and 200 million yuan, at a price not exceeding 9.32 yuan per share, for future employee stock ownership plans or equity incentives.

Desay SV: Deepening Cooperation with Multiple Embodied Intelligence Companies and Securing Robot Domain Controller Orders

Desay SV (undisclosed code) stated during institutional research on March 10 that in the robotics field, it has launched the AI Cube robot intelligent base, utilizing automotive-grade technology to create high-performance AI computing terminals, providing core computing power and algorithms for robots. This supports manufacturing, smart home, automotive extension, and other scenarios, enabling efficient expansion of automotive electronics capabilities into general robotics. The company is actively advancing deep cooperation and implementation with multiple embodied intelligence firms and has secured targeted orders for robot domain controllers, with product mass production planned for 2026, further expanding its intelligent industry layout.

Tongwei Co.: Planning to Acquire 100% of Lihao Qingneng; Stock to Resume Trading on March 11

Tongwei Co. (600438) announced on March 10 that it is planning to acquire 100% of Qinghai Lihao Qingneng Co., Ltd. (“Lihao Qingneng”) through issuing shares and cash payments, with supporting funds raised. The company’s stock, convertible bonds, and bond conversions have been suspended since February 25, 2026. The ninth board meeting approved the transaction plan and related documents, and the company filed announcements on the Shanghai Stock Exchange. The stock and bonds will resume trading on March 11, 2026. As of this announcement, the audit and valuation work related to the transaction is incomplete, and the board has decided not to convene a shareholder meeting to approve the transaction at this time.

(Source: Eastmoney Research Center)