8:00 am, Kr 36 | The chairman of a listed company passed away due to illness, and his underage daughter inherited 900 million yuan worth of stocks; The compound patent for semaglutide has expired; YU Donglai responds to the controversy over the distribution of 4 billion yuan in assets and profits.
Today's Hot News Guide
Small and medium-sized banks in many places are intensively cleaning up dormant accounts, and more than 7 banks have issued announcements.
The world's first brain-computer interface innovation product has obtained a medical insurance code.
WeChat has launched an official lobster plugin.
The U.S. Food and Drug Administration has recalled nearly 90,000 bottles of children's ibuprofen drugs across the United States.
Japanese media: Chinese automakers' global sales have topped Japan for the first time in more than 20 years.
TOP 3 Big News
The chairman of a listed company passed away, and his underage daughter inherited 900 million yuan worth of stocks
On the evening of March 20th, Dabeinong issued a prompt announcement regarding the change of the controlling shareholder and actual controller and the change of equity.
Shao Genhuo, the former actual controller and chairman of the company, passed away due to illness on February 3, 2026. Shao Genhuo directly held 928 million shares of the company during his lifetime, accounting for 21.58% of the company's total share capital. Shao Genhuo did not make a will during his lifetime, nor did he sign a bequest and support agreement with others. Half of the above - mentioned property (i.e., 460 million shares of Dabeinong stocks) is his inheritance, which will be jointly inherited by his wife, Ms. Mo Yun, and his underage daughter, Shao Moumou.
Based on the division of marital property and inheritance, Ms. Mo Yun inherited 696 million shares, accounting for 16.18% of the company's total share capital, and the underage daughter, Shao Moumou, inherited 232 million shares, accounting for 5.39% of the company's total share capital. At the same time, the announcement shows that since Ms. Mo Yun is the legal guardian of the underage daughter, Shao Moumou, the rights of the company's shares held by Shao Moumou will be exercised by Mo Yun. Mo Yun holds a total of 928 million voting rights of the company, accounting for 21.58% of the total number of voting shares of the company, which is sufficient to have a significant impact on the company's shareholders' meeting resolutions.
Therefore, after this equity change, the controlling shareholder and actual controller of the company have been changed to Ms. Mo Yun. As of the close on Friday, Dabeinong's stock price closed at 4.08 yuan per share, with a market value of 17.5 billion yuan. Based on this estimate, the market value of the 232 million shares inherited by his daughter, Shao Moumou, is approximately 946 million yuan. (Red Star News)
The patent for the semaglutide compound has expired, and the "miracle weight-loss drug" may become a drug costing only a hundred yuan
The patent for the semaglutide compound used for weight loss and blood sugar reduction will expire in China in March 2026. At least ten Chinese pharmaceutical companies have submitted applications for the listing of generic drugs. This drug is currently the second-best-selling drug globally, with sales of $36.1 billion (approximately 248.2 billion yuan) in 2025. A number of Chinese pharmaceutical giants, including Huadong Medicine and Fosun Pharma, are eyeing this market covetously.
In March 2026, on e-commerce platforms such as JD.com and Taobao, the price of Novo Nordisk's semaglutide injection dropped to just over 200 yuan per month for the lowest dosage, and the highest dosage did not exceed 1,000 yuan per month. Even in public hospitals, some doctors revealed that the price of the low - dosage version has dropped to more than 200 yuan per month. This is more than half the price of the blood - sugar - lowering version of semaglutide when it was first included in the medical insurance four years ago. The ten Chinese pharmaceutical companies and the original research pharmaceutical company are bound to have fierce competition in 2026. (Caixin Magazine)
Yu Donglai Responds to Controversy over the Distribution of 4 Billion Yuan in Assets and Profits: It's Everyone's Money Being Distributed
On March 21st, some netizens posted a live - streaming clip of Yu Donglai, the founder of Fat Donglai. During the live stream, Yu Donglai said, "When we distribute money now, it's not my money being distributed. It's not that concept. It's everyone's money. I only hold 5%. It's just that we may not have distributed money for several years, and now we've made this money distribution clear."
According to previous reports, on March 8th, Yu Donglai posted on a social platform to share the experience of Fat Donglai and announced the distribution standard for the company's 4 billion yuan in assets and profits: the management team accounts for about 50%, and the employees account for about 50%. In the future, these assets will serve as the company's equity. 50% of the annual profits will be used to pay bonuses to the team, and 50% will go to the shareholders' earnings. This has sparked heated discussions among netizens. (Oriental Finance)
Large Companies/ Major Events
The retail price limit of refined oil will reach a new adjustment time point, and the oil price may approach the "10-yuan era".
This is the "sixth" adjustment of the domestic retail price of refined oil in 2026. At 24:00 on March 23, the domestic retail price limit of refined oil will reach a new adjustment time point. The latest forecast data on the changes in international crude oil prices tracked by institutions shows that the increase in the retail price limit of refined oil in this round far exceeds the adjustment threshold of 50 yuan per ton. It is highly likely that the retail price limit of refined oil in this round will be raised.
According to calculations, the price of domestic No. 92 gasoline may fully enter the "9-yuan era". Based on the current increase, the price of No. 95 gasoline in some areas will soar to around 9.8 yuan, approaching the "10-yuan era". (Bandao Metropolis Daily)
US Securities and Exchange Commission Ends Investigation into Faraday Future without Penalties
Faraday Future announced on March 22nd (local time) that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Faraday Future, which lasted for more than four years, and decided not to take any penalties or legal actions against the company's founder, Co-CEO Jia Yueting, Global President Jerry, etc. (Jiemian News)
Multiple mainstream badminton brands have successively announced price cuts
After the Spring Festival in 2026, the badminton market, which had been "overheated" for three years, showed signs of cooling down. Multiple mainstream brands successively announced price cuts, with the price reduction generally ranging from 10% to 20%. During the on - site visits, reporters found that after the price of badminton was lowered, the passenger flow in badminton halls significantly rebounded, and the sales volume of badminton also increased a lot. The price - cut effect has also spread to the training market.
Reporters learned that a badminton club in Nanshan District, Shenzhen consumes a large amount of badminton every month. Although the price cut of training balls is limited, the club can still save a lot of costs overall. The core raw material for traditional badminton is the "knife - shaped feathers" from the wings of geese and ducks, which accounts for more than 70% of the production cost, and even up to 80% for high - end badminton. Since October 2025, the price of knife - shaped feathers has been falling all the way, and the production cost of badminton has decreased accordingly. At the same time, after the raw material cost decreased, the price competitiveness of domestic badminton in the international market has increased, and the order volume from Southeast Asia, Europe and other regions has significantly increased. (CCTV Finance)
Cook Responds to Lobster Driving Strong Sales of Mac Mini
During a China visit related to Mac, Apple CEO Tim Cook was interviewed by reporters. Regarding the recent phenomenon of OpenClaw driving strong sales of Mac Mini, he commented that Apple incorporated a neural network engine into Mac a decade ago. With the joint development of Apple chips, generative AI, and agent interaction, the integration of this hardware and software has made Mac Mini the most suitable computer for AI tasks. Apple will continue to optimize the performance of Mac for AI workflows. In fact, users can now train large language models on Macbook Pro. (Jiemian News)
Small and medium-sized banks in multiple regions are intensively cleaning up dormant accounts, and more than 7 banks have issued announcements
Recently, a cleanup operation targeting "dormant accounts" has been intensively carried out in small and medium-sized banks across the country. According to the reporter's incomplete statistics, as of the time of publication on March 20th, since March, more than 7 banks have issued announcements in a short period. These banks range from branches of policy banks to local rural commercial banks and village banks, clearly defining the criteria for the accounts to be cleaned up this time and the cleanup deadline.
The reporter noticed that this round of "dormant account" cleanup by small and medium-sized banks has a clear compliance background. According to relevant provisions of the "Administrative Measures for RMB Bank Settlement Accounts" (Order No. 5 [2003] of the People's Bank of China), banks have the right to conduct standardized management of accounts with no transactions for a long time and no outstanding debts. In fact, in recent years, financial regulatory authorities have continuously strengthened the full - life - cycle management of accounts. Since the National Financial Regulatory Administration launched a special cleanup of "dormant accounts" in 2023, in 2025, the scope of the cleanup has been further extended to online channels such as electronic accounts and mobile banking, and banks are clearly required to fulfill the obligation of risk notification. (21st Century Business Herald)
Stronger Expectation of Airlines' Fuel Surcharge Hike Prompts Consumers to "Stockpile" Air Tickets in Advance
The international crude oil prices have been fluctuating at a high level, and the cost pressure on airlines is accelerating its transmission to customers. Recently, many domestic airlines have intensively raised the fuel surcharges for international routes, with the increase generally exceeding 50%, and even doubling on some routes. Although the domestic market is still in the traditional off - season after the holiday, as the expectation of fuel surcharge hikes continues to strengthen, many consumers have started to book air tickets for trips two weeks or even one month later in advance, trying to lock in the relatively low current travel costs. (Securities Daily)
Elon Musk: The "Terafab" project will be located in Austin and jointly operated by Tesla and SpaceX
On March 21 local time, Elon Musk held a press conference regarding the "Terafab" project. He said that this ambitious plan, which aims to ultimately manufacture its own chips for robots, artificial intelligence, and space data centers, will be located in Austin and jointly operated by Tesla and SpaceX. Musk stated that he will first establish an "advanced technology wafer fab" in Austin, which will be equipped with a full set of equipment required for manufacturing and testing various types of chips.
Musk said that although the semiconductor industry is increasing production, its development speed still cannot meet his expected chip demand. "This speed is far lower than our expectations," Musk said. "Either we build a 'terawatt factory', or we won't have any chips available. And we need these chips, so we're going to build a 'terawatt factory'." The goal of Musk's project is to support a computing power of 1 terawatt per year in the future. (Sina Finance)
The world's first innovative brain-computer interface product obtains medical insurance coding
According to the National Healthcare Security Administration, on March 13, 2026, the world's first invasive brain-computer interface medical device was officially approved for market launch. On March 15, the National Healthcare Security Administration took the initiative to connect and provide proactive services, completing the medical insurance coding assignment for the product. This successfully opened up the key link from the product's approval for market launch to clinical application, marking that the brain-computer interface industry has officially entered the "fast lane of implementation" from the "planning blueprint". (Beijing Daily)
Soaring 40%, the "blockage" of the Strait of Hormuz impacts the helium supply chain
The Middle East conflict has impacted the global helium supply chain and spread to more industries. Before this round of conflict, Qatar supplied more than one - third of the world's helium. The obstruction of shipping in the Strait of Hormuz has pushed up the price of helium significantly. Bank of America recently estimated that, depending on different market conditions, the spot price of helium has risen by about 40% at most. Analysts point out that in the context of tight supply, key industries with a demand for helium often value supply security more than price, which also makes it easier for suppliers to raise their quotes. (Red Star News)
WeChat Launches Official Lobster Plug-in
According to an announcement on Tencent's official WeChat account on March 22, the WeChat "ClawBot" plug-in has been officially launched, which supports the connection to OpenClaw. Users can connect OpenClaw to WeChat by scanning the QR code or copying the command. After the connection, users can quickly call their "lobsters" for efficient interaction through WeChat chats. In addition, Tencent's cloud-based lobster Lighthouse in the "Lobster Rearing Workshop", self-developed lobster workbuddy, and local lobster QClaw are all ready. (China Securities Network)
The total number of electric vehicle charging infrastructure in China reaches 21.01 million
On March 21st, the National Energy Administration released the national electric vehicle charging facility data for February 2026. According to the data from the national charging facility monitoring and service platform, as of the end of February 2026, the total number of electric vehicle charging infrastructure (chargers) in China reached 21.01 million, a year-on-year increase of 47.8%. Among them, there were 4.834 million public charging facilities (chargers), a year-on-year increase of 28.8%. The rated total power of public charging facilities reached 229 million kilowatts, with an average power of about 47.41 kilowatts. There were 16.176 million private charging facilities (chargers), a year-on-year increase of 54.6%. The reported electricity capacity for private charging facilities reached 141 million kilovolt - amperes. (CCTV News)
The U.S. Food and Drug Administration Recalls Nearly 90,000 Bottles of Children's Ibuprofen Drugs Nationwide
The U.S. Food and Drug Administration recently announced the recall of nearly 90,000 bottles of children's ibuprofen drugs distributed across the United States due to consumer complaints about foreign objects in the liquid medicine. According to the recall report issued by the U.S. Food and Drug Administration, this batch of drugs was manufactured in India by Progressive Pharmaceuticals, an international pharmaceutical company headquartered in Bangalore, India. The brand is "Children's Ibuprofen Oral Suspension" of Tarot Pharmaceuticals. The specification is that each 5 milliliters contains 100 milligrams of the active ingredient ibuprofen, and the bottle capacity is 120 milliliters. A total of 89,592 bottles of products are involved in this recall, with an expiration date of January 31, 2027. (Xinhua News Agency)
Apple CEO Cook: New Macs Attract Record Number of First-time Buyers
Apple recently launched three new Mac models: the MacBook Neo, the MacBook Air with the M5 chip, and the MacBook Pro equipped with the M5 Pro and M5 Max chips. Apple CEO Tim Cook said on Friday that the debut of these new products set a new record for the number of first-time Mac buyers. Although he didn't mention any specific product, preliminary data shows the popularity of the MacBook Neo, which starts at $599 (or $499 for students), targeting the large market of Windows PC and Chromebook users looking to switch. (Yicai Global)
Japanese media: Chinese automakers' global sales surpass Japan's for the first time in over 20 years, ranking first
According to a report on the website of Nikkei on March 21st, the cumulative global vehicle sales of Japanese automakers slightly declined to about 25 million units in 2025, dropping from the top position for the first time since 2000. The cumulative global sales of Chinese automakers last year reached nearly 27 million units, surpassing Japan and ranking first in the world for the first time. According to the report, BYD's sales in 2025 surpassed Ford, ranking sixth globally; Geely Automobile's sales surpassed Honda, ranking eighth. In terms of pure - electric vehicles, BYD surpassed the American electric - vehicle brand Tesla to rank first globally. Among the top 20 automakers in global sales, a total of 6 Chinese automakers were on the list, more than the 5 Japanese automakers. Chery, Changan, SAIC, and Great Wall made the list. (Xinhua News Agency)
The forefront of AI
LiblibAI Launches AI Video Creation Platform LibTV
36Kr learned that recently, LiblibAI officially launched the AI video creation platform LibTV, and the number of visitors exceeded 100,000 on the first day of its launch. It is understood that LibTV pioneered the dual - entry mode. On one side are professional creators, and on the other side are Agents, which are regarded as "new - type users". LibTV provides Agents with the video production capabilities that can be directly dispatched.
SoftBank Plans to Build a $500 Billion Mega AI Data Center in Ohio, USA
SoftBank CEO Masayoshi Son said on March 20 local time that SoftBank Group is planning a large - scale data center infrastructure project in Ohio, USA, and will invest $500 billion in this single project. SoftBank intends to build this artificial intelligence computing complex at the site of a former uranium enrichment facility owned by the US Department of Energy. Its power consumption can reach 10 gigawatts. It is expected that the first phase of the data center project will cover 800 megawatts of power, cost between $30 billion and $40 billion, and be completed in early 2028. The project will use gas - fired power generation worth about $33 billion, and these power generation facilities will be installed before the end of this decade. (Jiemian News)
OpenClaw Founder Confirms 360's Exclusive Discovery of Vulnerability in Reply Letter
On March 22nd, reporters learned that the 360 Security Cloud Team received an official email from Peter, the founder of OpenClaw. In the reply letter, Peter officially confirmed the unauthenticated upgrade vulnerability of OpenClaw Gateway WebSocket exclusively discovered by the 360 Team. Currently, 360 has reported this high - risk vulnerability to the National Vulnerability Database (CNVD) to help cut off the source of risks across the entire network in a timely manner. The confirmed WebSocket unauthenticated upgrade vulnerability is a zero - day (0Day) vulnerability. Attackers can use this vulnerability to silently bypass permission authentication through WebSocket, gain control of the intelligent agent gateway, and may cause the target system resources to be exhausted or the system to completely crash. (Beijing Business Today)
OpenAI Reportedly to Conduct Large-Scale Recruitment
According to a report by the Financial Times on March 21, people familiar with the matter revealed that OpenAI, a well - known artificial intelligence company in the United States, is planning a large - scale recruitment to cope with the rapid development of the current artificial intelligence industry. As of now, OpenAI has not responded to this. The Financial Times reported on the 21st, citing two people familiar with the matter, that the recruitment scale planned by OpenAI may reach 3,500 positions. By the end of 2026, the total number of the company's employees will increase from the current approximately 4,500 to 8,000. (CCTV Financial)
Financial Reports of Big Companies
Sinopec's net profit in 2025 was approximately 31.8 billion yuan, with an annual cash dividend payout ratio of about 81%
Sinopec disclosed its annual report on March 22. In 2025, it achieved an operating income of 2.78 trillion yuan, a year-on-year decrease of 9.5%; the net profit attributable to the parent company was 31.809 billion yuan, a year-on-year decrease of 36.8%; the basic earnings per share was 0.262 yuan. Sinopec plans to distribute a final cash dividend of 0.112 yuan per share (tax included). In total, the company plans to distribute a final cash dividend of 13.544 billion yuan (tax included) for the year 2025. Coupled with the semi - annual cash dividend of 0.088 yuan per share (tax included) already distributed in 2025, the total annual cash dividend per share in 2025 is 0.2 yuan (tax included), and the cash dividend payout ratio is about 76%.
The total amounts paid by Sinopec for the repurchase of A - shares and H - shares in 2025 were 500 million yuan and HK$1.153 billion respectively (both excluding transaction fees). Accordingly, the company's annual cash dividend payout ratio in 2025 (including the amount of share repurchases through the centralized bidding method) was approximately 81%. (China Securities Network)
Performance Report of DianTou Hydropower: Net Profit Attributable to Shareholders in 2025 Reached 532 Million Yuan, a Year-on-Year Decrease of 34.07%
DianTou Hydropower released its 2025 annual performance report on March 22. During the reporting period, the company achieved a total operating revenue of 12.152 billion yuan, a year-on-year decrease of 15.90%; the net profit attributable to shareholders of the listed company was 532 million yuan, a year-on-year decrease of 34.07%; the basic earnings per share was 0.12 yuan.
Compiled | He Yuting