GREE(SZ:000651) Jin Rong Jie·2026-02-26 01:27Macro and Industry - Zimbabwe's Ministry of Mines has announced an immediate suspension of all raw mineral and lithium concentrate exports, which will lead to a tighter short-term supply of lithium carbonate in China, as 19% of China's lithium concentrate imports in 2025 are expected to come from Zimbabwe [1] - Domestic commodity futures market saw most contracts decline in the night session, with chemical products leading the drop; butadiene rubber fell by 2.58%, all non-metallic building materials declined, with PVC down by 1.07%, and all oil and fat products decreased, with palm oil down by 0.77% [1] Shareholding Reduction - Gree Electric: The largest shareholder, Zhuhai Mingjun, plans to reduce its stake by up to 11,170,280 shares, accounting for 2% of the total share capital after excluding repurchased shares, to repay bank loans [2] - Tianshan Aluminum: Actual controllers Zeng Chaoyi and Zeng Chaolin plan to reduce their holdings by up to 45,898,700 shares, totaling 2% of the company's total share capital [2] - Zhaobid Shares: Shareholder Zhangzhou Longhai State-owned Assets Investment and Operation Co., Ltd. plans to reduce its stake by up to 8,256,144 shares, representing 3% of the total share capital, due to funding needs [2] - Sichuan Gold: A shareholder holding over 5% intends to reduce its stake by up to 8,900,000 shares, not exceeding 2.1190% of the total share capital, to meet funding needs for business development and optimize asset structure [2] Performance - Haiguang Information: Expected net profit growth of 23% to 42% year-on-year in Q1, with a projected net profit increase of 31.66% for 2025, although Q4 performance was below expectations [4] - Hancable: Projected net profit for 2025 is 592 million yuan, a year-on-year decrease of 9.59% [5] Other - ST Xinhua Jin: The company and its actual controller Zhang Jianhua are under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, but the company is operating normally and will cooperate with the investigation [6] - Zhiyang Innovation: The company has decided to terminate its major asset restructuring plan due to failure to reach consensus on core terms with the trading parties, and its stock will resume trading on February 26 [6] - Chuanjin Nuo: Recent market rumors suggest that the U.S. may prioritize phosphorus and glyphosate under the Defense Production Act, but the actual impact on the company's operations remains unclear; the price of sulfur, a key raw material, has been high recently, potentially increasing production costs [6]