002856, May Be Implemented with "*ST"! Popular Stock "20cm" Plummets to Daily Limit, Institutional Dragons and Tigers Board Shows Significant Net Buying

Today (March 17), China’s A-share major indices all declined. The Shanghai Composite closed at 4,049.91 points, down 0.85%; the Shenzhen Component Index closed at 14,039.73 points, down 1.87%; the ChiNext Index fell 2.29%. The market’s total daily turnover was approximately 2.22 trillion yuan, shrinking by 115.3 billion yuan compared to the previous trading day. A total of 867 stocks closed higher, including 52 that hit the daily limit.

In the market, insurance concepts led the gains, with chemical fibers, precious metals, real estate, and other sectors also rising. Communication equipment, electronic chemicals, and components saw the largest declines.

17 Stocks Hit Record High Closing Prices

According to Securities Times and Data Treasure, excluding recent IPOs within the past year, 17 stocks closed at record highs today. From an industry perspective, stocks in basic chemicals, machinery, and electronics were most concentrated among those reaching new highs, with 5, 3, and 3 stocks respectively.

Among the stocks reaching record high closing prices, the average price increased by 5.28%. Stocks with daily limit-ups included Zhongfu Shenying, Shunna Shares, and Yaxiang Integration. Leading gainers included Langke Technology, Red Star Development, and Jinniu Chemical.

Insider Trading Secrets: 9 Stocks with Net Institutional Buyings Over 10 Million Yuan

Today, 12 stocks saw net institutional buying, while 15 experienced net selling. Nine stocks had net buy amounts exceeding 10 million yuan. Xinghuan Technology-U was the top with net buy of 119 million yuan, though its stock price hit the “20cm” limit-down; the company announced last night that shareholder Linzhi Lichuang plans to reduce no more than 1.21 million shares (1% of total share capital) over the next three months via centralized bidding. Xiangming Intelligent had a net buy of 77.19 million yuan, ranking second.

Among stocks with net institutional selling, Zhaoyan New Drug was the top with 202 million yuan sold; followed by Zhongci Electronics and Zhongfu Shenying, both with net sales exceeding 67 million yuan.

Today, 11 stocks on the insider trading list received net buy-ins from northbound funds. GCL System Integration led with a net buy of 119 million yuan; Shunna Shares, Shuangxin Materials, and Zhongfu Shenying each had net buy amounts exceeding 35 million yuan.

Meanwhile, 16 stocks saw net sell-offs from northbound funds. Unlike institutional seat operations, Xinghuan Technology-U was net sold 92.7 million yuan, the highest. Zhongci Electronics, Jingcheng Shares, and Xiongtao Shares each experienced net sales exceeding 48 million yuan.

Important Evening Announcements

Meizhi Co., Ltd. (002856): Expected year-end net assets attributable to parent company owners to be between -40 million and -75 million yuan; stock may be subject to delisting risk warning (stock abbreviation prefixed with “*ST”).

Yingjixin: On January 6, issued misleading statements about brain-computer interface chips on the interactive platform; company to be fined 4 million yuan.

Yahui Long: Fined 4 million yuan for violations related to information disclosure.

Kechuang Information: Due to inflated operating income in the 2023 semi-annual report, the company was warned and fined 1.5 million yuan by the China Securities Regulatory Commission Hunan Bureau.

*ST Tianwei: Issued a warning letter due to excessive credit impairment provisions and undisclosed fixed-term deposit purchases.

Fuqiao Glass: Projected net profit growth of 24% in 2025, plans to distribute 1.2 yuan per share.

Kaili Medical: Plans to repurchase 100 million to 200 million yuan worth of shares for cancellation.

Zhonghong Medical: Aside from potential price increases for some protective gloves due to rising raw material costs, there have been no significant changes in the external operating environment recently.

Farsight: If the company’s stock price continues to rise, it may apply to the Shenzhen Stock Exchange for suspension and investigation.

Guosheng Technology: Currently, the company’s stock price has deviated significantly from its fundamentals, with a risk of future decline.

Sanfangxiang: Due to increased costs from rising raw material prices, orders on hand have increased, leading to rapid product price hikes and reduced downstream customer purchasing willingness.

Red Star Development: Abnormal stock trading fluctuations, with a P/E ratio significantly higher than the industry average.

Tritium: Preliminarily awarded two new energy projects, totaling approximately 121 million yuan.

Lidao New Materials: Plans to invest 280 million yuan to expand the battery aluminum foil project.