Overview of positive news from listed companies on the evening of February 27 ( with the list )

Several listed companies in the Shanghai and Shenzhen markets released important announcements on the evening of February 27. Here is a summary of the positive news:

Zhongying Technology: Plans to acquire at least 51% of UK Zhongdian Electric

Zhongying Technology (300936) announced on February 27 that on February 26, the company signed a Letter of Intent with shareholders Yu Yingzhong, Zhu Lijuan, and Yu Biao of UK Zhongdian Electric. The plan is to acquire at least 51% of UK Zhongdian Electric with cash and gain controlling interest. After the transaction, UK Zhongdian Electric will become a controlling subsidiary of the company and be consolidated into the financial statements. The target company specializes in insulating fiber materials and their molded products, covering all voltage levels of power transmission and transformation equipment, including medium, low, high, ultra-high, and extra-high voltage AC/DC devices.

Nichion Technology: Plans to establish a joint venture controlling subsidiary to improve product lines in semiconductor failure analysis and defect detection

Nichion Technology (688531) announced on February 27 that to further expand its high-end semiconductor testing equipment business, strengthen high-end testing technology and product supply, and improve its product lines in semiconductor failure analysis and defect detection, the company plans to jointly invest with SSTI to establish a controlling subsidiary in China, creating R&D and manufacturing bases domestically to realize localization of related equipment. The registered capital of the subsidiary is 11 million yuan, with Nichion holding 70% and SSTI 30%. The company also released a performance brief, projecting 2025 revenue of 1.071 billion yuan, up 44.88% year-over-year; net profit attributable to the parent of 175 million yuan, up 21.81%; basic earnings per share of 1.25 yuan. During the reporting period, the company’s industrial X-ray sources achieved full spectrum coverage, micro-focus X-ray sources shipped in large quantities, nano-scale tube X-ray sources and high-power X-ray sources successfully industrialized, and breakthroughs were made in AI intelligent detection software and 3D/CT inspection technologies, enhancing product market competitiveness and significantly increasing new orders.

Yingshi Innovation: The 337 investigation has concluded; will continue unrestricted import and sales of existing products in the US

Yingshi Innovation (688775) announced on February 27 that on February 26, 2026 (U.S. time), it received the final ruling from the U.S. International Trade Commission (ITC). Regarding six patents involved, the ITC confirmed that three of the patents asserted by GoPro regarding the accused products do not infringe and that the patent claims are invalid/partially invalid; one patent asserted by GoPro does not infringe; and one patent’s claims are invalid. The company’s partially exported products in the U.S. fall within one of GoPro’s design patents, but its new design scheme has been recognized by the ITC as not infringing any rights. The previous generation of products covered by GoPro’s design patent is no longer exported to the U.S., and current products have been replaced by new designs. The investigation has concluded and did not materially impact the company’s production or operations. The company will continue to import and sell existing products in the U.S. without restrictions.

Cambricon’s performance brief: 2025 net profit of 2.059 billion yuan, turning profitable

Cambricon (688256) released a performance brief on February 27, projecting 2025 revenue of 6.497 billion yuan, up 453.21% year-over-year; net profit attributable to the parent of 2.059 billion yuan, compared to a loss of 452 million yuan in the previous year; basic earnings per share of 4.93 yuan. Benefiting from the continuous growth in AI industry computing power demand, the company has expanded its market with excellent product competitiveness and actively promoted AI application scenarios, resulting in significant revenue growth.

Sino Electronic: 2025 net profit of 1.473 billion yuan, up 343.76%

Sino Electronic (688183) announced on February 27 that its 2025 revenue reached 9.494 billion yuan, up 102.57%; net profit attributable to the parent was 1.473 billion yuan, up 343.76%; basic earnings per share of 1.8 yuan. The large increase in revenue is mainly due to the company’s focus on expanding in high-end markets, advancing capacity expansion, and improving quality management. The proportion of high-value-added products increased, consolidating its competitive advantage in mid-to-high-end markets.

Moore Thread: 2025 revenue of 1.506 billion yuan, up 243.37%

Moore Thread (688795) announced on February 27 that its 2025 revenue was 1.506 billion yuan, up 243.37%; net loss attributable to the parent was 1.024 billion yuan, compared to a loss of 1.618 billion yuan in the same period last year. Driven by AI industry growth and high-performance GPU demand, the company’s product competitiveness and market recognition have improved, leading to increased revenue and gross profit, with a narrower loss. The company is still in a high R&D investment stage and has gaps compared to international industry giants in overall R&D strength, core technology, and product ecosystem. It is not yet profitable and has accumulated losses.

Muxi Co.: 2025 revenue of 1.644 billion yuan, up 121.26%

Muxi Co. (688802) announced on February 27 that its 2025 revenue reached 1.644 billion yuan, up 121.26%; net loss attributable to the parent was 781 million yuan, compared to 1.409 billion yuan last year. The company adheres to the “1+6+X” development strategy, increasing market expansion efforts, enhancing its position and influence in high-performance GPU markets, and promoting deep integration of AI technology across industries. With excellent product performance and a comprehensive software ecosystem, its products and services are widely recognized and continuously purchased by downstream clients, resulting in significant business growth.

Microchip Biotech: Chairman proposes buyback of 80 million to 120 million yuan

Microchip Biotech (688321) announced on February 27 that Chairman Xianping Lu proposed to use the company’s own funds and raised funds to buy back some of its A-shares, with the total buyback amount not less than 80 million yuan and not more than 120 million yuan. The shares may be used for employee stock ownership plans or equity incentives in the future.

Zhongji Xuchuang: 2025 net profit of 10.799 billion yuan, up 108.81%

Zhongji Xuchuang (300308) announced on February 27 that its 2025 revenue was 38.24 billion yuan, up 60.25%; net profit attributable to the parent was 10.799 billion yuan, up 108.81%. The rapid growth is driven by strong terminal customer investment in computing infrastructure, with fast product shipment growth, especially in high-speed optical modules, and continuous optimization of product schemes and operational efficiency.

Hekang New Energy: Plans to raise up to 1.652 billion yuan from Midea Group for R&D and industrialization projects

Hekang New Energy (300048) announced on February 27 that it plans to raise no more than 1.652 billion yuan from Midea Group through a private placement, to fund R&D and industrialization of high-voltage inverters, photovoltaic grid-connected inverters, household energy storage systems, distributed photovoltaic benchmark power stations, and working capital. After issuance, Midea Group and its affiliated company Guangdong Midea HVAC will hold a combined 35.08% of the company.

Huashengchang: Planning to acquire 100% of Galiante, focusing on optical communication modules and optical chip testing

Huashengchang (002980) announced on February 27 that it recently signed a Letter of Intent with Galiante shareholders Yu Xinwen, Zhang Songwei, Lin Xiaolong, and Shi Kaigui to acquire 100% of Galiante’s equity for cash. The valuation is tentatively set at 460 million yuan. The company’s controlling shareholder and actual controller, Yuan Jianmin, also signed an agreement to transfer 5% of the company’s shares to Yu Xinwen. This acquisition is part of the company’s horizontal expansion. Galiante specializes in optical communication modules and optical chip testing, and its management believes the industry has significant growth potential. The transaction will help the company expand its strategic layout and find new growth points.

Zhongfutong: Plans to raise up to 643 million yuan via private placement for AI-based public safety platform and other projects

Zhongfutong (300560) announced on February 27 that it intends to raise no more than 643 million yuan through a private placement, to fund the commercialization of an AI-based public safety platform, network upgrades, R&D center enhancements, and working capital.