Chinese A-Share Firms Step Up Major Investments in Q1 2026

BEIJING, April 2 (Reporter Meng Peijia) — From Fulin Precision’s 8.7 billion yuan investment plan in the lithium iron phosphate industrial chain in early January to EVE Energy’s recent 6 billion yuan layout in energy storage battery projects, major investment moves by A-share listed companies have been intensively rolled out in the first quarter of 2026, with projects exceeding 5 billion yuan in a single transaction emerging frequently. According to a review of announcements by a reporter from China Securities Journal, the investment direction of listed companies in the first quarter is highly focused on the new energy full industrial chain and computing power hardware and supporting fields, reflecting enterprises’ firm confidence in high-boom tracks. 

On March 27, EVE Energy announced its plan to sign an agreement with the Administrative Committee of Huizhou Zhongkai High-tech Industrial Development Zone to invest in the "EVE Energy 60GWh Energy Storage (Power) Battery Manufacturing Project", with a total investment of about 6 billion yuan. "This cooperation will help all parties give full play to their respective resources and advantages, better seize market opportunities in energy storage and power batteries, further expand production capacity, optimize the company’s industrial structure, and promote its development in the lithium-ion power battery market," EVE Energy stated. 

In early 2026, Fulin Precision announced plans to sign two investment agreements simultaneously. Its subsidiary Jiangxi Shenghua intends to invest 6 billion yuan in building a 500,000-ton high-end energy storage lithium iron phosphate project in Mengsu Economic Development Zone, Ejin Horo Banner, Ordos City, Inner Mongolia Autonomous Region. To meet the upstream raw material supply and cost optimization for this project, Fulin Precision also plans to invest 1.2 billion yuan and 1.5 billion yuan respectively in two precursor projects. "This is based on the increasing demand for high-performance lithium iron phosphate batteries in the energy storage market," a relevant person in charge of Fulin Precision told the reporter. 

On March 17, Avary Holding announced that its wholly-owned subsidiary Chingting Precision signed an investment agreement with the Administrative Committee of Huai’an Economic and Technological Development Zone, planning to invest 11 billion yuan in building a high-end PCB project production base. "This investment is based on the company’s overall strategic plan, seizing the wave of AI technology development to accelerate the layout of high-end PCB product production," Avary Holding said. 

Led by leading enterprises and followed by upstream and downstream counterparts, the investment of listed companies in the first quarter shows distinct characteristics of industrial chain collaborative expansion, with booming prosperity in multiple industries. In the PCB industry, in addition to Avary Holding, Hudian Electronics proposed a 5.5 billion yuan investment and expansion plan in March to increase the production capacity of high-layer, high-frequency, high-speed and high-density interconnection PCBs. 

In the new energy sector, the power and energy storage battery industry sees simultaneous investment in terminal products and upstream materials. Besides EVE Energy, Jinlongyu plans to invest about 1.2 billion yuan in building a 2GWh solid-state battery mass production line through its holding subsidiary. In upstream materials, Oriental Zirconium Industry plans to invest 300 million yuan in a high-purity composite zirconia project, while Wanrun New Energy will invest 1.08 billion yuan in a lithium iron phosphate project. 

The investment logic of listed companies has also upgraded in a diversified way, focusing not only on capacity improvement but also on strategic transformation, technological R&D and industrial chain security. Ruina Intelligent plans to invest in building a modern intelligent high-efficiency heat pump R&D and production base in Hefei, Anhui, which integrates core component manufacturing, complete machine assembly and technology display. "Through this base, we will fully grasp the complete technology and supply chain of heat pump units," Ruina Intelligent said. 

Hongda Electronics intends to invest 1 billion yuan in Wuxi to carry out research, design, production and packaging testing of semiconductor special device chips, taking advantage of the local location. "Wuxi High-tech Development Zone, as a core economic and technological highland in the Yangtze River Delta, has a high-quality industrial ecology and abundant talent resources," the company noted. Major investments in new energy and computing power hardware reflect enterprises’ confidence in long-term industrial development and mirror the clear direction of China’s industrial upgrading and structural optimization.