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People Finance News, March 25: Hong Kong stock Pop Mart plunged more than 13% in afternoon trading, closing at 187 Hong Kong dollars.

In the first two months of this year, China's machinery industry showed strong production and investment performance, with value-added growth across major sectors year-over-year. The engineering machinery sector experienced robust exports, with markets shifting toward emerging regions such as Africa and Latin America. Domestic replacement cycles are gradually being initiated, with projections indicating entry into an upward channel in 2026.

On March 25, 2026, at the Boao Forum for Asia 2026 Annual Conference sub-forum on "The Advancement and Leap of Humanoid Robots," guests engaged in in-depth discussions on the theme of "The Advancement and Leap of Humanoid Robots." The forum attracted numerous guests and reporters, with the venue packed to capacity. Three artificial intelligence products made their debut at the scene: the Embodied Tiangong 3.0 humanoid robot developed by Beijing Humanoid Robot Innovation Center, the Stardust Era Q5 robot, and the digital guest ViviDora.
The image shows this session's moderator, Xue Lan, Dean of Tsinghua University's Schwarzman Scholars, Dean of the Institute for AI International Governance, and Director of China Science and Technology Policy Research Center.
The image shows former Prime Minister of New Zealand Jenny Shipley.
The image shows Sam Dauss, Senior Advisor of the Artificial Intelligence Governance Initiative and Director of Multilateral AI at the Martin School at Oxford University, UK.
The image shows Beijing Humanoid

People Finance News March 26 - Enterprise Check APP shows that Henan Youmian New Materials Technology Co., Ltd. was recently established with a registered capital of 20 million yuan. Its business scope includes: new material technology research and development; sponge product manufacturing; sponge product sales; needle textile product sales, and others. According to Enterprise Check's equity penetration analysis, the company is jointly held by Xilinmen and others.

This year, the A-share buyback market has exhibited notable divergence. On one side, some companies have successfully profited by engaging in "buying back shares at low prices and reducing holdings at high prices." On the other side, the use of cancellation-style buybacks has been increasing gradually, with the goal of reducing share capital and boosting the company's intrinsic value. Data indicates that many companies have realized positive returns following buybacks and subsequent share reductions, while cancellation-type buybacks are regarded as an important measure to optimize capital structure, directly increasing earnings per share and attracting long-term investors.

Xiaomi Group executive Lu Weibing stated at an earnings call that rising memory prices pose challenges to the company, but Xiaomi can relatively cope through its "people, vehicle, and home full-ecosystem" strategy and high-end product advancement. There may be price increases in the future, but he believes this round of price hikes will promote industry reshaping and innovation.

People's Financial News, March 26 — White House Press Secretary Levitt stated on the 25th at a press conference that negotiations between the United States and Iran are still ongoing, and warned Iran to "not miscalculate the situation again." When asked about Iran's rejection of the 15-point plan presented by the United States aimed at ending the conflict, Levitt said "negotiations are continuing," but was unwilling to disclose specific details of the negotiations, and stated that the White House has never confirmed a "complete plan," with some of the content reported by media not being entirely accurate. Regarding media reports that US-Iran talks could take place in Pakistan later this week, Levitt neither confirmed nor denied, saying "no related information should be considered an official conclusion before the White House issues a formal announcement." Levitt warned that Iran should "face reality," "not miscalculate the situation again," seize the "last opportunity," and "cooperate" with the US side. According to US media reports on the 24th, the United States has transmitted a proposal containing 15 points through Pakistan to Iran, aimed at ending the conflict.

GuoDun Quantum's 2025 annual report shows an operating revenue of 310 million yuan, a year-on-year increase of 22.53%; net profit attributable to the parent company of 5.3919 million yuan, turning from loss to profit. It is proposed to pay a dividend of 0.16 yuan per 10 shares. The quantum computing, communication, and precision measurement businesses all experienced growth, with R&D investment accounting for as much as 39.7%.

People's Financial News, March 26 — The US dollar index rose on the 25th. The dollar index, which measures the dollar's strength against six major currencies, increased by 0.18% that day, closing at 99.614 in the forex market. By the end of trading in New York, 1 euro was exchanged for 1.1578 US dollars, up from 1.1569 dollars the previous day; 1 British pound was exchanged for 1.3382 US dollars, up from 1.3366 dollars the previous day.

People Finance News, March 24 — Zhenyo Technology (688418) announced on March 24 that in order to implement the company's innovation-driven development strategy, increase investment in technology innovation, further broaden financing channels, and optimize debt structure, the company intends to apply to the National Association of Financial Market Institutional Investors for registration and issuance of technology innovation bonds with a total amount not exceeding 500 million yuan.

People's Financial News, March 26 – International oil prices settled lower on the 25th. As of the close of trading that day, May crude oil futures on the New York Mercantile Exchange fell $2.03 per barrel, closing at $90.32 per barrel, down 2.2%; May Brent crude oil futures in London fell $2.27 per barrel, closing at $102.22 per barrel, down 2.17%.

People Finance News March 24 — Haidilao (06862.HK) announced its 2025 performance on March 24. The company achieved annual revenue of 43.225 billion yuan, with an overall table turnover rate of 3.9 times/day for self-operated Haidilao restaurants, serving over 380 million customers throughout the year, with an average customer spending of 97.7 yuan. In addition to the Haidilao brand, the company operates 20 dining brands with a total of 207 restaurants, generating other restaurant operating revenue of 1.521 billion yuan; delivery business revenue increased 111.9% year-over-year, with an "dine-in plus takeaway" dual-drive model gradually taking shape.

People's Financial News, March 26 — A spokesperson for the Central Headquarters of the Hatam al-Anbia Division of Iran's Armed Forces stated on the 25th that the situation in the Strait of Hormuz will not return to its previous state, and future developments will be under Iran's control, with the operational space of hostile forces and their allies completely blocked. According to the Islamic Republic of Iran News Agency, the spokesperson stated that Iran has reiterated the rules of passage: no related parties of any hostile forces are permitted to transit, with passage authorization solely determined by Iran. (Xinhua News Agency)

People Finance News March 24 — Biyin Lefeng (002832) announced on March 24 that Shen Jindong, the company's employee representative director, plans to increase his holdings of the company's shares through centralized bidding, with a planned increase of not less than 50 million yuan and not exceeding 100 million yuan. Before the implementation of this increase plan, Shen Jindong holds 2.58% of the company's shares.

People's Financial News, March 24 — On March 22, Pan Gongsheng, Governor of the People's Bank of China, met with Piyush Gupta, Chief Executive Officer of DBS Group of Singapore, to exchange views on DBS Group's business development in China and deepening financial cooperation. During the meeting, Governor Pan witnessed the signing of the RMB business clearing agreement. After receiving authorization from the People's Bank of China, DBS Group will serve as Singapore's second RMB clearing bank and will become the first Singapore-based bank to serve as an RMB clearing bank. The clearing bank cooperation will provide more convenient RMB clearing services and options for trade and economic cooperation between the two countries, further facilitating bilateral trade and investment facilitation between China and Singapore.

People's Finance News, March 26 — Iran's Foreign Minister Araghchi stated in an interview with the national television on the 25th that a ceasefire without guarantees would only lead to a cycle of war. Iran demands that hostile parties end the war according to Iran's proposed requirements, ensure that the war is not repeated, and compensate the Iranian people for losses suffered. (Xinhua News Agency)

People's Finance News March 24 — On March 24, during Xiaomi Group's earnings conference call, Lin Shiwei, Vice President and Group CFO of Xiaomi Group, stated that Xiaomi Group remains committed to enhancing shareholder value and actively repurchasing shares in the open market. In 2025, Xiaomi's stock repurchase amount reached 6.3 billion Hong Kong dollars. In 2026, Xiaomi launched an automatic repurchase program of 2.5 billion Hong Kong dollars for the first time. Since the beginning of the year, Xiaomi's stock repurchase amount has reached 4.7 billion Hong Kong dollars, fully demonstrating the company's confidence in its long-term future development.

Jiahe Food signed an agreement with Haimen Development Zone to invest 1 billion yuan in constructing a super plant-based milk intelligent manufacturing project, featuring 8 fully automated filling lines. The net profit is expected to decrease by 46.38% to 64.25% year-over-year in 2025, primarily due to rising raw material costs and increased marketing expenses. The company continues to expand its plant-based and coffee businesses, aiming to develop both B2B and B2C markets simultaneously.

# Securities Times Reporter Shen Ning
The changing Middle East situation continues to disturb the global energy market. Since March, international oil prices have risen more than 30%, bringing massive impacts to various countries' economies and related industries.
Recently, international investment bank Goldman Sachs has continuously released multiple reports, further raising oil price expectations, and stated that high oil prices may be sustained long-term.
Market Continuously Raising Risk Premium
Based on two main reasons, Goldman Sachs raised its oil price forecasts: First, assuming that petroleum transportation through the Strait of Hormuz maintains only 5% of normal levels for an extended 6-week period, followed by 1 month needed to gradually recover; Second, the market recognizes the risks brought by highly concentrated oil production and remaining spare capacity, which may drive structural increases in strategic petroleum reserves and structural rises in forward oil prices.
At 3:25 AM Beijing time on March 25, affected by US-Iran talks [incomplete text]