Corporate News Summary – Thursday, 22 October 2026
Kingfa Sci& Tech (600143.SS)
- Trading performance: Flat 0 % during the 24‑hour period ending 09:14 PM CET.
- Current price: CNY 12.79 per share on major exchanges.
- Shares outstanding: 2.6 billion.
- Market capitalisation: CNY 33.8 billion.
- Volume: CNY 347 million worth of shares traded in the last 24 hours.
- Price trend: Down 4.83 % since the end of last month.
- Moving average: 200‑day simple moving average at CNY 14.77.
- 52‑week range: Highest CNY 22.01 (22 Jan 2026); lowest CNY 11.90 (15 Oct 2026).
Related Stocks – 24‑hour performance
| Stock | Ticker | 24‑hour change | Current price | Market cap | P/E ratio |
|---|---|---|---|---|---|
| Huali Industrial | 300979.SZ | Flat 0 % | CNY 33.68 | CNY 40.5 bn | 15.53 |
| Yunnan Chihong Zinc & Germ | 600497.SS | Flat 0 % | CNY 7.93 | CNY 40.1 bn | 24.13 |
| Zheshang Securities | 601878.SS | Flat 0 % | CNY 8.90 | CNY 40.5 bn | 13.89 |
| Huaibei Mining | 600985.SS | Flat 0 % | CNY 14.51 | CNY 40.2 bn | 23.17 |
| Lygend & Technol‑h | 2245.HK | Down –8.05 % | HKD 14.99 | HKD 47.1 bn | 6.47 |
Notable corporate activity – Zheshang Securities
- Share‑purchase programme: Principal shareholder Suzhou International Development Group acquired over 12 million shares in twelve days, reaching a 0.25 % stake. Including affiliated entities, the stake increased to 28.58 %.
- Regulatory context: The transaction coincided with scrutiny over a pending acquisition of 83.68 % of Donghai Securities. The acquisition has been paused for regulatory review due to outdated financial statements.
- Industry trend: The brokerage sector is experiencing an acceleration of mergers and acquisitions, supported by regulatory policy and the China Securities Association, encouraging consolidation and strategic integration.
Company Profile – Kingfa Sci& Tech
- Industry: Materials and plastics production.
- Headquarters: Guangzhou, China.
- Products: Modified plastics, biodegradable plastics, special engineering plastics, carbon fibre, composite materials, and related products.
- Website: www.kingfa.com.cn
- Exchange listing: Shanghai Stock Exchange.
- IPO: 8 June 2004.
