43 A-Share Stocks Face Lock-Up Expiry Next Week, Unlocking 15.1 Billion Yuan
From September 21 to 24, 2026, 43 Chinese A-share stocks will have lock-up periods expire, releasing shares worth a total of approximately 15.128 billion yuan based on latest closing prices. Shouyao Holdings-U leads with a 56.96% unlock ratio. Six stocks have unlock values exceeding 1 billion yuan, including COSCO Shipping Specialized Carriers (3.336 billion yuan). Four companies reported a first-half profit turnaround.
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Cross-source coverage
Common ground
- The 15.1 billion yuan lock-up expiration is manageable for the overall A-share market and not a systemic crisis.
- Regulatory improvements since 2022, like pre-disclosure of unlock plans, have reduced surprise risk for investors.
- Stock-specific risks matter more than the headline number, especially for loss-making companies with high unlock ratios.
- The four turnaround companies (Hongyuan Pharmaceutical, Hainan Expressway, Dawei, Xinghui) are interesting but need deeper analysis of their profit quality.
- Sector concentration in biotech and tech hardware adds extra headwinds beyond just the unlocks.
Points of contention
- Eastern Agent argues Chinese insiders show 'strategic patience' and hold shares for long-term national goals, while Neutral Agent says data shows over 60% of biotech unlocks lead to insider selling within 30 days.
- Eastern Agent sees a 60% cost cut with a 40% revenue drop as operational discipline, while Neutral Agent calls it 'shrinking into profitability' and not a true turnaround.
- Neutral Agent views pre-arranged selling as still depressing prices, while Eastern Agent says it allows the market to price in the supply and reduces shock.
- Eastern Agent believes Western-style risk metrics don't apply to China's innovation-driven economy, while Neutral Agent insists basic liquidity and incentive structures are universal.
Blind spots
- Neither side identified the specific identity of Shouyao's unlocking shareholders (venture capital vs. strategic partners), which is critical to assessing actual selling pressure.
- Both missed the sequencing of unlocks—turnaround stocks unlock first, then loss-making names—which could trap retail investors who buy early optimism.
- The debate overlooked how partial selling (e.g., 20% of unlocked shares) can still cause a slow price bleed that triggers stop-losses and margin calls.
- Neither discussed the impact of global biotech sentiment on price movements, which may be a bigger driver than the unlocks themselves.
WorldAttention’s read
The lock-up expiration event is not a market crisis but requires careful stock-by-stock analysis. The key risk is concentrated in loss-making companies with high unlock ratios like Shouyao Holdings-U, where even partial insider selling could create downward pressure. Regulatory improvements have reduced surprise risk, but pre-arranged selling still affects prices. The four turnaround companies show promise but need verification of operating cash flow, not just profit swings. Investors should focus on who holds the unlocking shares and their incentives, rather than relying on broad narratives about market philosophy or national strategy. The market will handle this event smoothly overall, but retail investors should avoid high-unlock, loss-making names and wait for clearer signals on the turnaround stocks.
Reporting timeline
A-Share Restricted Shares Unlocking: RMB 7.845 Billion Market Value Released Today
According to Wind data reported by Cailian Press on September 21, a total of 20 companies in China's A-share market had restricted shares unlocked on Monday, September 21, amounting to 584 million shares. Based on the latest closing prices, the total market value of these unlocked shares reached RMB 7.845 billion. In terms of volume, COSCO Shipping Specialized Carriers led with 299 million shares unlocked, followed by Juren New Materials with 95.7605 million shares and Hongyuan Pharmaceutical with 65.2751 million shares. By market value, COSCO Shipping Specialized Carriers topped the list at RMB 3.336 billion, followed by Hongyuan Pharmaceutical at RMB 1.142 billion and Juren New Materials at RMB 1.026 billion. Regarding the proportion of unlocked shares relative to total share capital, Juren New Materials had the highest unlocking ratio at 23.94%, followed by Tongdahai at 16.35% and Hongyuan Pharmaceutical at 16.32%.
Read source43 A-Share Stocks Face Lock-Up Expirations Next Week; Six Exceed 1 Billion Yuan in Unlock Value
According to Wind data and a China News Jingwei review, 43 A-share stocks will face lock-up expirations from September 21 to 24, 2026, with approximately 894 million shares unlocked totaling about 15.112 billion yuan in market value. Six stocks have unlock values exceeding 1 billion yuan: COSCO Shipping Specialized Carriers (3.336 billion yuan), Shouyao Holdings-U (2.990 billion yuan), Yousheng Shares (2.136 billion yuan), Xinghui Shares (1.187 billion yuan), Hongyuan Pharmaceutical (1.142 billion yuan), and Juren New Materials (1.026 billion yuan). Several popular doubled stocks are included, such as Kingsemi (up 181.12% cumulatively) and Bingshan Environment (up 204.13% over the past year), though their unlock proportions are small. Eight stocks have unlock volumes exceeding 10% of total share capital, including Shouyao Holdings-U, where all shares held by the actual controller Li Wenjun and persons acting in concert will be unlocked. The article notes that investors are particularly concerned about the proportion of unlocked shares relative to total share capital.
43 Stocks Face Lock-Up Expirations Next Week Worth 15.128 Billion Yuan
According to Cailian Press on September 19, 43 stocks in China are scheduled to have their lock-up periods expire next week, releasing shares with a total market value of 15.128 billion yuan based on latest closing prices. The report highlights unlock ratios, with Shouyao Holdings-U leading at 56.96%. Additionally, Yousheng Shares, Juren New Materials, and Xinghui Shares all have unlock ratios exceeding 20%. This event may increase tradable supply and potentially impact stock prices for the affected companies.
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43 Chinese Stocks Face Lock-Up Expirations Next Week; 4 Report First-Half Profit Turnaround
According to a Securities Times report cited by Jin10 Data on September 19, 43 stocks listed in China will have their lock-up periods expire next week, with a total unlocked market value of RMB 15.128 billion based on latest closing prices. Shouyao Holdings-U leads with an unlock ratio of 56.96%, while Yousheng Shares, Juren New Materials, and Xinghui Shares all have unlock ratios exceeding 20%. Among the stocks unlocking, several including Tongdahai, Shouyao Holdings-U, Zhengyu Industrial, ST Tongpu, Aike Shares, Haitaike, and Jinhao Medical reported losses in their first-half results. Inovance Technology posted the highest first-half net profit among the group, with attributable net profit reaching RMB 2.81 billion. Four stocks—Hongyuan Pharmaceutical, Hainan Expressway, Dawei Shares, and Xinghui Shares—achieved a turnaround from losses to profitability in their first-half net profits.
Read source43 Stocks Face Lock-Up Expiry Next Week with Total Unlock Value of 15.128 Billion Yuan
According to a report from Cailian Press published on East Money, 43 stocks are scheduled to face lock-up expirations next week. Based on the latest closing prices, the total market value of shares being unlocked amounts to RMB 15.128 billion. The report highlights several stocks with notable unlock ratios, including Shouyao Holdings-U, Yousheng Shares, Juren New Materials, and Xinghui Shares. The article notes that the first step in stock trading is to open a brokerage account, but provides no further analysis or forecast. The data is attributed to Cailian Press and reflects current market conditions as of the report's publication.
Read source43 Stocks Face Lock-Up Expirations Next Week; Four Report Turnaround to Profit
According to a report by People's Finance on September 19, 43 stocks will have their lock-up periods expire next week. Based on the latest closing prices, the total market value of shares being unlocked amounts to RMB 15.128 billion. Shouyao Holdings-U leads with an unlock ratio of 56.96%, while YouSheng Shares, Juren New Materials, and Xinghui Shares all have unlock ratios exceeding 20%. Among the stocks with lock-up expirations, several including Tongdahai, Shouyao Holdings-U, and Zhengyu Industrial reported losses in their first-half results. Inovance Technology topped the list in terms of net profit scale for the first half, with net profit attributable to parent company shareholders reaching RMB 2.81 billion. Hongyuan Pharmaceutical, Hainan Expressway, Dawei Shares, and Xinghui Shares achieved a turnaround from loss to profit in their first-half net profits.
Read source43 Stocks Face Lock-Up Expiry Next Week Worth 15.1 Billion Yuan
According to a report from Securities Times Network, as covered by East Money's Securities Focus on September 19, 43 stocks will experience lock-up expirations next week, releasing shares worth a total of RMB 15.128 billion based on the latest closing prices. The report highlights several stocks with notable lock-up release ratios, including Shouyao Holdings-U, Yousheng Shares, Juren New Materials, and Xinghui Shares. Other stocks facing expiration include Tongdahai, Zhengyu Industrial, ST Tongpu, Aike Shares, Haitaike, Jinhao Medical, and Inovance Technology. Additionally, the article notes that four companies—Hongyuan Pharmaceutical, Hainan Expressway, Dawei Shares, and Xinghui Shares—reported net profit turnarounds in the first half of the year, suggesting improved financial performance.
Read sourceTwo New Stocks to List Next Week; Semiconductor Stock Draws Attention
According to Securities Times Data Treasure, two new shares are tentatively scheduled for subscription next week (September 21–24), with an estimated total fundraising amount of RMB 7.971 billion. Yute Optoelectronics is available for subscription next Monday, and Guangdong Xinxin Semiconductor, a semiconductor concept stock, is available next Thursday. Additionally, 43 stocks will have their lock-up periods expire next week, with a combined unlocked market value of RMB 15.128 billion. Shouyao Holdings-U leads with an unlock ratio of 56.96%. Among the unlocking stocks, Xinghui Shares rose 44.58% since September. Bingshan Environment received the highest number of institutional research visits (42), citing sustained high prosperity in data center construction. Haitong Development noted that forward freight rates for various vessel types have performed well, with current Q4 freight rates significantly better than Q3. Several stocks, including Tongdahai and Shouyao Holdings-U, reported losses in the first half of the year, while Inovance Technology had the highest net profit at RMB 2.81 billion.