Zhejiang East Crystal Electronic Co Ltd

ST Dongjing announced that its shares will be suspended from trading for one day on July 22, and will resume trading on July 23 with the delisting risk warning removed. The stock abbreviation will change from ST Dongjing to Dongjing Electronics, and the daily price limit will remain at 10 percent. The company had been placed under the ST designation since March 26, 2025, after its 2024 results triggered the delisting risk warning threshold. The 2025 annual report shows total profit, net profit attributable to shareholders, and net profit after deducting non-recurring items at negative 48.48 million yuan, negative 50.02 million yuan, and negative 56.70 million yuan respectively. Revenue after deductions was 343 million yuan, net assets stood at 182 million yuan, and the annual report received a standard unqualified audit opinion, meaning the conditions that triggered the delisting risk warning have been completely eliminated. The company's main business is quartz crystal resonators, oscillators, and other crystal products, with a latest market value of 2.4 billion yuan. A recently released half-year earnings forecast estimates first-half revenue between 310 million and 350 million yuan, a year-on-year increase of 165.09 percent to 199.29 percent. Net profit attributable to shareholders is expected to be between negative 20 million and negative 12 million yuan, with losses narrowing significantly year-on-year. The revenue growth is mainly due to the addition of battery-grade lithium carbonate operations, but intense competition in the quartz crystal components industry has kept main product unit prices from improving noticeably, and the company plans to make an inventory impairment provision of approximately 15 million to 20 million yuan.

On July 21, the three major A-share indices surged across the board. The Shanghai Composite Index closed at 3,864.37 points, up 1.79%, the Shenzhen Component Index rose 4.81%, and the ChiNext Index jumped 7.05%. Total market turnover for the day was approximately 2.97 trillion yuan, an increase of 256.1 billion yuan from the previous trading day. Over 3,100 stocks closed higher, with 121 hitting the daily limit. On the sector front, the National Integrated Circuit Industry Investment Fund holdings led the gains, followed by semiconductors, SMIC concept stocks, and memory chips. Oil and gas exploration and services, kitchen and bathroom appliances, pharmaceutical distribution, and combustible ice were among the biggest decliners. According to Securities Times Data Treasure, five stocks hit record closing highs today, and 12 stocks received buy ratings from institutions. Dragon and tiger list data shows that 14 stocks saw net institutional buying exceeding 10 million yuan each, with Accelink Technologies topping the list with net institutional buying of 677 million yuan. In evening announcements, Dongjing Electronics announced the removal of its delisting risk warning, with its stock abbreviation changing to Dongjing Electronics on July 23. Xi'an Yicai's monthly production and sales of 12-inch electronic-grade silicon wafers surpassed 1 million units. Wuzhou Medical plans to acquire a 100% stake in Xuanzhi Technology to enter the motor control chip sector. SF Holding completed its 6 billion yuan share buyback plan. Sungrow Power Supply Chairman Cao Renxian proposed a buyback of shares worth 500 million to 1 billion yuan.