March 18 Investment Risk Alert: Risk Warning for 4-Day Consecutive Limit-Up Popular Stocks - If Stock Price Continues to Rise, May Apply for Trading Halt for Investigation

Introduction: Caixin News March 18 Investment Warning, recent potential risk events in A-shares and overseas markets are as follows. Domestic economic information includes: 1) ByteDance’s original plan to launch the first-generation Doubao AI glasses may not be listed; 2) Feitian Moutai wholesale price has fallen back to around 1,560 yuan per bottle. Company focus includes: 1) Fasheng, which has hit four consecutive limit-ups, stated that if the stock price continues to rise, it may apply for suspension and investigation to the Shenzhen Stock Exchange; 2) Sanfangxiang, which also hit four consecutive limit-ups, announced that due to rising raw material costs, the rapid increase in product prices has weakened downstream customer purchasing willingness. Overseas market focus includes: 1) Iran’s Supreme Leader rejected proposals for US-Iran reconciliation, insisting on defeating Israel and claiming compensation; 2) The Persian Gulf oil and gas production facilities were attacked for the first time, and the large natural gas field in the UAE was temporarily shut down after a drone attack.

Economic Information

1. According to supply chain sources, the production schedule for ByteDance’s Doubao AI glasses project has been delayed overall, and the first-generation product originally planned is unlikely to be launched. An insider said: “There will probably still be Doubao AI glasses in the future, as Qualcomm’s AR1 chip has already been purchased. But the project may need to wait for a clearer industry turning point—when the industry can produce truly differentiated, market-convincing, and innovative products, the new generation will truly start.” The insider also mentioned that the company’s internal standards for AI hardware products are very strict, especially regarding “differentiation,” which is non-negotiable. The delay is mainly due to the lack of strong differentiation from existing market products. (Blue Whale News)

2. Recently, Feitian Moutai’s wholesale price has fallen back to around 1,560 yuan per bottle, mainly due to the off-season for liquor consumption after the Spring Festival, leading to weakened demand. Price fluctuations have made scalpers and liquor merchants cautious. Moutai has adjusted its strategy by strengthening pricing power through the “iMoutai” platform, converting distributors into service providers to curb market speculation. Although this burst the channel bubble, market uncertainties still attract attention. (First Financial)

Company Warnings

1. Fasheng, which hit four consecutive limit-ups: If the stock price continues to rise, it may apply for suspension and investigation to the Shenzhen Stock Exchange.

2. Sanfangxiang, which hit four consecutive limit-ups: Orders on hand have decreased due to rising raw material costs, and the rapid increase in product prices has weakened downstream customer purchasing willingness.

3. Jinyin Galaxy: Shareholder Ha Hui Wealth plans to reduce holdings by no more than 4.31%.

4. Houtai Tai: Shareholder Hou Pengde plans to reduce holdings by no more than 3%.

5. Daimai Co., Ltd.: Directors and senior executives plan to reduce holdings by a total of no more than 1.762 million shares.

6. Xinyu Ren: Plans to reduce holdings by no more than 1% of repurchased shares.

7. Kelin Electric: Senior management member Chen He plans to reduce holdings by no more than 0.04%.

8. Huadian Liaoning Energy: Shareholder Energy Investment Group plans to reduce holdings by no more than 1%.

9. Huizhiwei: Shareholder GZPA plans to reduce holdings by no more than 1.25%.

10. Guangming Meat Industry: Controlling shareholder plans to reduce holdings by no more than 1.99%.

11. Huali Co.: Shareholder Lu Xuqiu plans to reduce holdings by no more than 1%.

12. Xianglu Tungsten: Directors and senior executives Dai Xiangping and Zheng Lifang plan to reduce holdings combined by no more than 0.0146%.

13. Hualv Biological: Shareholder Suqian Huaxin plans to reduce holdings by no more than 1%.

14. Anfu Technology: Shareholder Qin Daqian plans to reduce holdings by no more than 0.97%.

15. Tuo Si Da: Shareholder Yang Shuangbao plans to reduce holdings by no more than 0.8913%.

16. Jiangsu Cable: Shareholder Shijing Chengtong Communication plans to reduce holdings by no more than 0.17%.

17. Wantong Zhikong: Shareholder Wantong Holdings plans to reduce holdings by no more than 2%.

18. Yongji Shares: Controlling shareholder plans to reduce holdings by no more than 2%.

19. ST Jin Hong: If the stock price continues to rise abnormally, the company may apply for suspension and investigation.

20. Deep Water Haina: Some holdings of the controlling shareholder may be subject to judicial enforcement.

21. Sihua Technology: The stock price has risen sharply in the short term, with risks of market overheating and irrational speculation.

22. Jingtou Development: Projected net profit for 2025 is between -1.23 billion and -1.025 billion yuan, with a price-to-book ratio significantly higher than the industry average of 0.86.

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

24. Yahui Long: The actual technical route and product details of Brain Chain Starlink were not fully disclosed; the CSRC plans to fine the company 4 million yuan.

25. Huitian New Materials: A fire occurred at a wholly owned subsidiary, which has been ordered to cease production.

26. 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 Hunan Regulatory Bureau of the CSRC.

27. Meizhi Co.: Estimated 2025 year-end net assets attributable to parent company will be between -40 million and -75 million yuan; stock may be subject to delisting risk warning.

28. Shahe Shares: Net profit loss of 150 million yuan in 2025.

29. Haooubo: Projected net profit in 2025 down 36.96% year-on-year; plans to distribute 2 yuan per 10 shares.

30. Sanchao New Materials: Loss of approximately 159 million yuan in 2025.

Overseas Warnings

1. According to senior Iranian officials speaking to Reuters, Iran’s new Supreme Leader Mojtaba Khamenei rejected proposals for easing tensions or peace with the US at a foreign affairs meeting, dismissing the proposal forwarded by intermediaries between the two countries. The senior official stated that Mojtaba emphasized, “Now is not the time for peace,” and insisted that the US and Israel must be defeated and made to pay reparations.

2. South Korea’s largest union, the “National Samsung Electronics Union (NSEU),” threatened to vote on a strike plan—if approved this Wednesday, it will halt chip production in May, potentially causing hundreds of billions of dollars in losses for Samsung. As the world’s largest memory chip manufacturer, a strike could severely impact Samsung Semiconductor’s operations and exacerbate global semiconductor supply bottlenecks, affecting industries from automotive to computers and smartphones.

3. The UAE’s large natural gas field Shah was hit by a drone attack on Monday (March 16), causing a fire. Operations at the field have been temporarily suspended for safety assessments. On the same day, Iraq’s Ministry of Oil spokesman Javier Blas confirmed that the core asset Majnoon oil field in southern Iraq was also attacked, though details of damages were not disclosed. Blas stated, “This is the first time that oil and gas production facilities (not refineries, docks, or storage tanks) have been successfully targeted.” He also revealed that “Saudi Arabia also experienced a large drone swarm attack.”

4. U.S. National Economic Council Director Hasket stated that the Iran conflict is expected to end in the short term. If necessary, the release of strategic petroleum reserves could be increased.

On March 17, U.S. National Economic Council Director Kevin Hasket said that oil tankers have begun sporadically passing through the Strait of Hormuz. He reiterated that the Trump administration believes military actions against Iran will last weeks, not months.

The U.S. plans to further relax sanctions on Venezuela’s oil industry to boost crude oil production amid rising oil prices due to Iran tensions. The measures could be announced as early as this week, including issuing individual licenses to more foreign companies to allow participation in Venezuela’s oil sector without violating U.S. sanctions. Insiders say this aims to increase Venezuela’s crude output to ease global energy supply tensions.

5. Iran’s intelligence agency announced on the 17th that recent operations across the country have seized hundreds of sets of “Starlink” satellite communication devices supplied by the U.S. and Israel. The statement pointed out that, under Iranian law, purchasing and using unlicensed “Starlink” devices is illegal and will face harsher penalties during wartime, especially for individuals associated with hostile forces against Iran.