Huili B’s stock value has dropped below 300 million yuan for the first time, closing at 290 million yuan. According to the Shanghai Stock Exchange regulations, if the stock’s total market value closes below 300 million yuan for 20 consecutive trading days, the company’s stock may be delisted. Huili B has issued its first delisting risk warning and plans to repurchase shares worth between 3 million and 6 million yuan, with a repurchase price not exceeding 0.51 US dollars per share.
Huili B, launched in 1996, has been on the market for nearly 29 years. On May 20th, the stock closed at its daily limit down of $0.222 per share. It has dropped by 24.49% over the past five trading days and by 55.6% over the past 30 trading days. The company’s revenue in the first quarter of 2025 was 3.8144 million yuan, a year-on-year decrease of 0.24%. The net profit attributable to the parent company was 1.2489 million yuan, a year-on-year decrease of 37.99%.
Apart from Huili B, other companies like ST Lingyun B and ST Jingang B have also issued delisting risk announcements this year. ST Lingyun B has hit the daily limit down for 17 consecutive trading days. ST Jingang announced that the closing prices of its A and B shares have been below 1 yuan for 11 consecutive trading days. Since 2024, three B-shares—ST Dongxu B, Jianche B, and Kaima B—have been delisted.
China Accelerates Nationwide IPv6 Deployment with Ambitious 2025 Targets
China has launched a comprehensive initiative to establish global leadership in IPv6 adoption through a new policy framework jointly issued by the Cyberspace Administration of China, National Development and Reform Commission, and Ministry of Industry and Information Technology. The “2025 Key Points for IPv6 Deployment” outlines a strategic roadmap to complete a world-class IPv6 ecosystem encompassing technology, industry, infrastructure, applications, and security by year-end 2025.
The policy sets measurable benchmarks that will position China at the forefront of next-generation internet development. These include achieving 850 million active IPv6 users and 1.1 billion IPv6 connections for Internet of Things devices. The plan mandates substantial increases in IPv6 traffic share, targeting 27% penetration in fixed networks and 70% in mobile networks, reflecting the growing importance of wireless connectivity.
Implementation will focus on three core areas to drive nationwide adoption. First, enhancing internal development momentum through technological innovation and industry collaboration. Second, strengthening network service guarantees to ensure reliable IPv6 connectivity across all regions. Third, increasing application infrastructure supply to support the transition from IPv4 and enable new use cases.
This coordinated push builds on China’s previous IPv6 achievements and addresses the critical need for expanded internet address space to support the country’s massive digital economy. The 2025 targets demonstrate China’s commitment to establishing technological sovereignty and supporting emerging fields like industrial IoT, smart cities, and 5G applications that require the enhanced capabilities of IPv6 infrastructure.
IPv6 Concept Stocks Perform Strongly
Following the policy introduction, IPv6 concept stocks have performed actively. There are nearly 30 IPv6-related stocks in the A-share market. Among them, China Unicom, ZTE Corporation, Sugon, Inspur Information, and Tsinghua Unigroup have the largest market capitalizations, all exceeding 70 billion yuan. China Unicom has the largest market value and has been actively promoting the large-scale deployment strategy of IPv6. ZTE’s market value ranks second at 144.566 billion yuan. The company is one of the first domestic manufacturers to obtain the IPv6Ready Phase I certification and has invested over 15 years in IPv6 R&D.
Fund Investment in IPv6-Related Stocks
Since the beginning of this year, IPv6 concept stocks have performed outstandingly, with an average increase of 13.45%. Dongtu Technology, Anbotong, and Guomai Technology have seen the largest year-to-year gains, all exceeding 50%. Dongtu Technology has seen a cumulative increase of 100.09% within the year. The company’s leading formulation of the international standard AUTBUS for industrial control buses based on IPv6 has been officially released by IEC.
The capital market shows that many IPv6 concept stocks have been continuously increased in holdings by major funds. The cumulative net inflow of main force funds from Datang Telecom, Huajin Capital, Dip Technology, and Rihai Intelligent is relatively high.
Performance Highlights
Among the IPv6 concept stocks, 14 have positive net profits and achieved growth compared to the same period of the previous year. Three stocks—Advanced Data Communication, Huasheng Tiancheng, and Shenzhen Konka A—achieved a turnaround from losses in the first quarter. China Unicom, Inspur Information, NetEase Technology, Sugon, and others had relatively large net profits in the first quarter. In terms of performance growth, the net profits of Starnet Ruijie and Nanling Technology increased significantly year-on-year, rising by 264.63% and 174.7%, respectively. Starnet Ruijie has fully supported the IPv6 technical standard for many years and has dual-stack networking capabilities. It is a mainstream provider of network and communication terminal products in China.
Future Outlook
With the in-depth advancement of the large-scale deployment of IPv6, related technological innovations and integrated applications are expected to accelerate their development. Enterprises in the upstream and downstream of the industrial chain will embrace new development opportunities.
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