Blue Flame Holdings, a leading company with a market cap of over 10 billion, hits the daily limit! The buy order volume exceeds 120,000 lots.

Today, the Asia-Pacific markets collectively adjusted. By the close, the Nikkei 225 index fell by 0.27%, and the Korea Composite Index dropped by 3.22%.

The A-share market experienced a pullback today after rebounding for the previous two days. In the afternoon, the three major A-share indices continued to fluctuate downward, with oil and gas, coal, and energy metal concept stocks performing actively, while wind power equipment and optical fiber concept stocks weakened.

By the close, the Shanghai Composite Index fell by 1.09%, losing the 3900-point mark, the Shenzhen Component Index dropped by 1.41%, the ChiNext Index fell by 1.34%, and the Sci-Tech Innovation Index declined by 1.83%.

Looking ahead, Jufeng Investment Consulting stated that the A-share market may seek a new balance amid repeated fluctuations. In the short term, defensive strategies may dominate, with high dividend and low valuation sectors showing allocation value. In the medium to long term, structural opportunities brought by AI technology iterations still exist, but a shift from “hardware narrative” to “application landing” is necessary. For investors, maintaining position flexibility and avoiding chasing highs and selling lows before market volume effectively increases and clear right-side signals appear may be a rational choice.

As for the Hong Kong market, by the close, the Hang Seng Index fell by 1.89%, and the Hang Seng Technology Index dropped by 3.28%. Pop Mart continued its downward trend from yesterday, with its stock price falling over 10%.

Oil and gas stocks strengthened

Affected by the rise in international oil prices, in the afternoon, oil and gas stocks regained strength. Leading stock Blue Flame Holdings surged to its limit up, and Shouhua Gas rose over 6%.

By the close, Blue Flame Holdings was reported at 10.93 yuan per share, with a latest market value of 10.575 billion yuan, and over 120,000 hands were sealed on the limit up board. Since the beginning of this year, Blue Flame Holdings has seen a cumulative increase of 65.36%.

Blue Flame Holdings is a leading enterprise in the coalbed methane sub-industry. According to information on the Blue Flame Holdings website, the company’s main business involves coal mine gas management and coalbed methane exploration, development, and utilization. The company has formed a relatively complete industrial chain from resource exploration, engineering design, drilling and fracturing, gas well operation to coalbed methane transportation and sales.

As of 16:10 Beijing time, NYMEX WTI crude oil rose by 3.19%, reported at $93.20 per barrel, and ICE Brent crude rose by 2.77%, reported at $99.95 per barrel.

In terms of news, according to Xinhua News Agency, an Iraqi energy department official stated on the 25th that due to the de facto blockade of the Strait of Hormuz, Iraq is unable to export crude oil through the strait, and storage space is in urgent need, thus it has to reduce oil production, with production in the country’s major oil fields in the south plummeting by 80%.

According to Xinhua News Agency, the U.S. Environmental Protection Agency announced on the 25th that after consulting with the U.S. Department of Energy, it decided to issue a temporary emergency fuel waiver, allowing ethanol gasoline to continue to be sold for 20 days after this sales season to increase domestic fuel supply. Under this waiver policy, from May 1 to 20, ethanol gasoline with a blending ratio of 15% can continue to be sold nationwide, and all federal sales restrictions on ethanol gasoline with a blending ratio of 10% have also been lifted.

The Japanese government began releasing national oil reserves today. According to CCTV News, it was learned on the 26th local time that the Japanese government started releasing national oil reserves today. According to Japan’s Ministry of Economy, Trade and Industry, the release of national oil reserves began at 11:00 AM local time on the 26th from the “Kikuma National Oil Reserve Base” located in Imabari City, Ehime Prefecture. The Ministry stated that the government plans to gradually start the release of oil reserves at nine bases nationwide, including this one, throughout March, with an additional two bases to be added in April, ultimately launching at 11 bases in Japan sequentially. The total release is expected to be about 8.5 million kiloliters, equivalent to about one month’s oil consumption in Japan.

Rongjie Co., Ltd. “three consecutive boards”

Driven by the lithium mining sector, the energy metal sector performed actively. Leading stock Rongjie Co., Ltd. achieved “three consecutive boards.”

By the close, Rongjie Co., Ltd. was reported at 70.91 yuan per share, with a latest market value of 18.412 billion yuan and a transaction amount of 2.84 billion yuan.

On the evening of March 25, Rongjie Co., Ltd. announced an abnormal stock trading fluctuation, stating that the company’s stock trading price has deviated by more than 20% in cumulative closing prices over three consecutive trading days (March 23, 24, and 25), which constitutes an abnormal stock trading situation. Regarding the abnormal stock trading fluctuations, the company stated that there is no need to correct or supplement the information disclosed previously. The company has not found any recent public media reports that may or have significantly impacted the company’s stock trading price due to undisclosed major information.

On March 23, Rongjie Co., Ltd. announced that its wholly-owned subsidiary, Lanzhou Rongjie Materials, plans to construct a project in Lanzhou New District with an annual production capacity of 50,000 tons of high-performance lithium-ion battery anode materials, with a total fixed asset investment of about 1.1 billion yuan, and the company’s board of directors has approved this matter.

According to Rongjie Co., Ltd.'s 2025 annual report, the company expects to achieve an operating income of 840 million yuan and a net profit of 279 million yuan attributable to the parent, representing year-on-year growth of 49.71% and 29.52%, respectively, with a plan to distribute 2.2 yuan for every 10 shares. The company’s main businesses include lithium ore mining and selection, lithium salt processing and smelting, and lithium battery equipment manufacturing, with primary products being lithium concentrate, battery-grade lithium salts, and lithium battery equipment, in which the lithium ore mining business uses spodumene from its own mines as raw material.

Industrial Securities stated that downstream battery cell demand remains at a high level. At the same time, supply concerns still exist, and with current spot demand being strong, lithium mine restarts continuing to fall short of expectations, and disturbances from Zimbabwe’s ban on lithium exports, lithium prices may continue to remain strong in the short term. In the medium term, benefiting from higher-than-expected growth in domestic and foreign energy storage demand and a slowing supply growth at the resource end, the overall supply and demand for lithium carbonate is expected to remain tight, and the price center of lithium carbonate is likely to rise.

(The market charts in this article are from Tonghuashun, Wind)

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Editor: Liu Shengao