Shares of 600538 to be judicially auctioned, may lead to change in actual controller! Institutional buying spree exposed

The three major A-share indices rose collectively today (March 24), with the market’s total daily transaction volume reaching 2.09607 trillion yuan, a decrease of over 350 billion yuan compared to the previous trading day; more than 5,100 stocks closed higher, including 100 stocks hitting the daily limit-up.

In the market, the military equipment restructuring concept led the gains, followed by biomass power generation, medical waste treatment, CRO, and other concepts.

26 stocks received institutional buy ratings today.

According to Securities Times Data Treasure, a total of 34 buy ratings were issued today, involving 26 stocks. Shede Spirits received the highest attention, with three buy ratings.

Among the stocks rated as buy today by institutions, 14 ratings included target price forecasts. Comparing the announced target prices with the latest closing prices shows that 10 stocks have more than 20% upside potential.

Luxshare Precision has the highest upside potential; on March 24, Huaxing Securities forecasted a target price of 68.45 yuan, representing a 47.71% increase. Other stocks with high upside include Focus Technology and Bohai Leasing, with 38.58% and 36.6%, respectively.

In terms of market performance, stocks rated as buy by institutions rose an average of 1.97% today, outperforming the Shanghai Composite Index. There were 22 stocks with rising prices, including Bohai Leasing, which hit the daily limit-up. Leading gainers included Zijin Mining, Taihua New Materials, and Ping An Bank, with increases of 5.3%, 4.31%, and 4.11%, respectively.

From an industry perspective, power equipment, food and beverages, and other sectors were most favored, with three stocks each receiving institutional buy ratings.

Top Stocks on the Dragon and Tiger List:

12 stocks had net institutional purchases exceeding 20 million yuan each.

Today, 15 stocks experienced net buying, while 22 stocks saw net selling on the Dragon and Tiger list. Twelve stocks had net purchases exceeding 20 million yuan, with Nanya New Materials leading at 122 million yuan; Yunnan Germanium and Huamin Shares followed, each with net purchases over 50 million yuan.

Among stocks with net sales, Sanan Optoelectronics was the most sold, with net sales of 188 million yuan; others like Meili Yun and Nabaichuan also saw net sales exceeding 50 million yuan.

Among the stocks appearing on the Dragon and Tiger list today, 11 stocks received net buy-in from northbound funds. Sanan Optoelectronics led with 128 million yuan in net purchases. Followed by Energy-saving Wind Power, Zhongda Mining, and others, each with net purchases over 60 million yuan.

Northbound funds sold 23 stocks, with Wolong Electric Drive experiencing the largest net sell-off at 185 million yuan; Wran Technology, Yunnan Germanium, and Meili Yun each had net sales exceeding 100 million yuan.

Important Evening Announcements

Guofa Shares (600538) announced on March 24 that due to a loan dispute involving the company’s major shareholder Zhu Rongjuan and her concerted action partners Peng Tao and others with Guangxi Meiqiang Investment Co., Ltd., 17.84 million shares (3.4% of the company’s total share capital) held by Zhu Rongjuan will be auctioned by the Qingxiu District Court of Nanning City from 10:00 on April 22 to 10:00 on April 23 (excluding delayed cases). The company’s major shareholder and its concerted action partners currently have a high proportion of shares under judicial freeze, with numerous enforcement cases involving debt issues over the past year, involving large amounts. If the 17.84 million shares are successfully auctioned and judicially transferred, the company’s controlling shareholder and actual controller may change.

San Chao New Materials (300554) announced on March 24 that the company plans to build a battery technology R&D experimental base, mainly engaged in fundamental research, application research, and subsequent mass production research of perovskite silicon stacking technology, with a total investment of about 240 million yuan.

Huaneng Power Engineering (601226) announced on March 24 that recently, the company (as the lead of the consortium), China Power Construction Group Hebei Engineering Co., Ltd. (a consortium member), and Inner Mongolia Huaneng Tengeli Green Energy Co., Ltd. Bayanhot Power Generation Branch signed the EPC contract for the steel structure inter-cooling tower of the Inner Mongolia Huaneng Tengeli 4×1 million kW coal power project, with a contract amount of approximately 827 million yuan (including tax). The total construction period is 843 days.

Jin Chengxin (603979) announced on March 24 that the company has undertaken the construction project of the Leibo Kairui Phosphorus Chemical Co., Ltd. in Chengdu Yuntu Holdings Co., Ltd., and recently obtained the contract documents. The estimated contract amount is 470 million yuan (excluding tax), with a total project duration of 946 days.

Chang Aluminum Co., Ltd. (002160) announced on March 24 that its wholly owned subsidiary, Shanghai Langmai, received the “Winning Notice,” confirming Shanghai Langmai as the winning bidder for the electromechanical and purification installation project (specialized subcontract) of Shanghai Laisi Blood Products Co., Ltd.'s capacity expansion project, with a bid amount of 184 million yuan (including tax), accounting for 20.15% of Shanghai Langmai’s audited operating income for 2024.