Announcement Highlights: Cambrian's net profit of 2.059 billion yuan in 2025, reversing losses to profit year-over-year; CITIC Securities responds to related rumors

People’s Financial News, March 12 — [Operational Data] Cambrian: Net profit of 2.059 billion yuan in 2025, turning from loss to profit year-over-year; plans to pay 15 yuan per 10 shares and transfer 4.9 shares. Ideal Auto: Total revenue in Q4 2025 was 28.8 billion yuan, down 35% year-over-year. Shennan Circuit: Net profit in 2025 increased by 74.47% year-over-year; plans to pay 24 yuan per 10 shares. Baofeng Energy: Net profit in 2025 increased by 79.09% year-over-year; plans to distribute cash dividends of 3.055 billion yuan. GaoNeng Environment: Net profit in 2025 increased by 73.94% year-over-year. Shanghai Xinyang: Net profit in 2025 increased by 71.12% year-over-year; plans to pay 4.8 yuan per 10 shares. Yaxiang Integration: Net profit in 2025 increased by 40.3% year-over-year; plans to pay 16.5 yuan per 10 shares. Longyang Electronics: Performance brief — net profit of 104 million yuan in 2025, up 26.02% year-over-year. Jian Sheng Group: Net profit in 2025 increased by 24.62% year-over-year; plans to pay 0.35 yuan per share. Tubaobao Performance Brief: Net profit of 722 million yuan in 2025, up 23.29% year-over-year. Pudong Jinqiao Performance Brief: Net profit in 2025 increased by 7.14% year-over-year. Pengding Holdings Performance Brief: Net profit of 3.738 billion yuan in 2025, up 3.25% year-over-year. Xinmei Co., Ltd. Performance Brief: Total operating revenue of 1.628 billion yuan in 2025, up 3.12% year-over-year. Zhangjiang Hi-Tech Performance Brief: Net profit of 985 million yuan in 2025, up 0.3% year-over-year. Dier Laser Performance Brief: Net profit of 519 million yuan in 2025, down 1.59% year-over-year. AVIC Heavy Machinery: Net profit in 2025 decreased by 4.83% year-over-year. Lujiazui Performance Brief: Net profit of 1.223 billion yuan in 2025, down 18.9% year-over-year. Guoquan: Core operating profit increased by 48.2% to 460 million yuan; total stores reached 11,566. Ganyue Expressway: Vehicle passage service revenue in February was 348 million yuan. Zhongyuan Expressway: Toll revenue in February was 332 million yuan. Shenzhen Airport: Passenger throughput in February was 5.6741 million, up 7.21% year-over-year. [Hot Topics] CITIC Securities: Hong Kong Securities and Futures Commission and ICAC conducted searches and took away some documents; current operations of the company and its Hong Kong subsidiaries are normal. Guangxun Technology: Information about large orders obtained by the company is false. True Love Me Home: The company is not involved in artificial intelligence business; main business remains unchanged. Dayuan Pump Industry: The company’s stock price faces risks of rapid rise followed by sharp decline. GCL New Energy: Market sentiment overheating, irrational speculation, and subsequent stock price correction pose risks. Ningbo Construction: Currently, the company and Zhongjing Cloud are not engaged in computing power leasing business. Baituan Co., Ltd.: Recent market prices of some chemical products have risen; impact on performance is temporarily unpredictable. Zhaochi Co., Ltd.: 1.6T optical modules have entered rapid R&D stage. Baiyun Airport: Signed an operation cooperation contract with China Duty Free Group for the T2 terminal outbound duty-free project. [Winning Bids] China Power Construction: Signed EPC contract worth 13.962 billion yuan for Abu Dhabi solar and storage project. TianShun Wind Power: Won a 700 million yuan offshore wind turbine jacket order. Weiming Environmental: Jointly won the Indonesian Mabul waste incineration power project. [Equity Changes] Nandu Power: Proposed to transfer its wholly owned subsidiary engaged in lead recycling, Huabo Recycled Resources. Fenglong Co., Ltd.: The company’s controlling shareholder has changed to Ubiquity. BuChang Pharmaceutical: The holding subsidiary plans to transfer 60% of Hunan Zhongce’s equity at 1 yuan. [Increase/Decrease in Holdings, Buybacks] Kaiying Network: The actual controller plans to increase holdings of no less than 150 million yuan worth of shares. Huibo Pufa: Director Zhang Zhongwei and his spouse plan to increase holdings. Kaimete Gas: Caxin Assets and its concerted actors plan to reduce holdings by no more than 3%. Yuwan Nianqing: Hehe Investment plans to reduce holdings by no more than 2.88%. Vanadium Titanium: Yingkou Port plans to reduce holdings by no more than 0.7%. [Major Investments] GF Securities: Plans to increase capital in GF Hong Kong by no more than 6.101 billion HKD. Feikai Materials: Plans to invest 1 billion yuan to build a production base in Chizhou. Chaoshan Telecom: Plans to establish a controlling subsidiary to expand computing power business. Shanxi Securities: Plans to increase capital of ShanZheng Asset Management by 200 million yuan. Beijing Kere: Plans to invest in a 99MW/198MWh energy storage project in Vâlcea, Romania. Zijin Mining: Fully owned subsidiary jointly invests with professional investment institutions to establish a fund focusing on logistics supply chain innovation and technology services. [Other] Hengtian Hailong: Proposed acquisition of no less than 40% equity in Qunjian Aviation. DeGuan New Materials: Production of functional films and masterbatches for functional film and masterbatch expansion and renovation project. Quzhou Development: Secured a loan of up to 180 million yuan for share repurchase. *ST ChangYao: Received a stock termination listing decision. Linzhou Heavy Machinery: Terminated the non-public offering of stocks in 2025. Galaxy Magnet: Terminated the purchase of 100% equity in Kyoto Longtai. Dabeinong: Controlling subsidiary’s soybean products approved for EU import license. Haisike: Innovative drug HSK31679 tablets included in breakthrough therapy designation.