43 A-Share Stocks Face Lockup Expiry Next Week; COSCO Shipping Specialized, 5 Others Exceed 1 Billion Yuan

Next week (September 21 to 24), 43 A-share stocks will face lock-up expirations, with approximately 894 million shares being unlocked. Among them, the market value of unlocked shares for six individual stocks exceeds 1 billion yuan.

Several popular stocks are included in this batch of unlockings, including Kingsemi, Bingshan Environment, Xinghui Shares, and Shouyao Holdings-U.

Six Stocks Have Unlock Market Values Exceeding 1 Billion Yuan

According to Wind data, 43 stocks will face lock-up expirations next week. By unlocking date:

• September 21: 24 stocks
• September 22: 7 stocks
• September 23: 9 stocks
• September 24: 3 stocks

The total number of shares to be unlocked is approximately 894 million, with 14 individual stocks having more than 10 million shares each set to be unlocked.

Key Unlock Events on September 21

COSCO Shipping Specialized Carriers will have approximately 299 million shares unlocked, ranking first among these stocks in terms of volume. According to the company's announcement, the company conducted a private placement in March 2025, in which its indirect controlling shareholder, China COSCO Shipping Corporation Limited, subscribed for 299 million shares, with an unlocking date of September 21, 2026.

Xinghui Shares will have approximately 102 million shares unlocked, ranking second. Other notable stocks include Juren New Materials, Shouyao Holdings-U, and Hongyuan Pharmaceutical.

Additional stocks facing unlockings include Yousheng Shares, Zhengyu Industrial, Zhenhua Heavy Industries, Bank of Zhengzhou, Easyhome Smart Home, Tongdahai, Xinqianglian, Shaangu Power, and ST Tongpu.

Market Value Breakdown

Calculated based on closing prices as of September 18, the total market value of unlocked shares is approximately 15.112 billion yuan, with six individual stocks having unlock market values exceeding 1 billion yuan:

| Stock | Unlock Market Value (yuan) | |-------|---------------------------| | COSCO Shipping Specialized Carriers | ~3.336 billion | | Shouyao Holdings-U | ~2.990 billion | | Yousheng Shares | ~2.136 billion | | Xinghui Shares | ~1.187 billion | | Hongyuan Pharmaceutical | ~1.142 billion | | Juren New Materials | ~1.026 billion |

Nine other stocks, including Xinqianglian, Tongdahai, Guoji Precision, and Zhengyu Industrial, have unlock market values exceeding 100 million yuan.

Multiple Doubled Stocks Face Unlockings

A review by China News Jingwei found that several popular stocks are among those facing unlockings.

Kingsemi will have 333,800 shares from equity incentives unlocked on September 21. The company's stock price has risen by approximately 181.12% cumulatively. The volume of shares being unlocked accounts for only 0.17% of Kingsemi's total share capital, representing a relatively low proportion.

Bingshan Environment will have 6.5816 million shares unlocked on September 21, with a market value of approximately 273 million yuan. According to the company's announcement, these shares are all related to equity incentive plans. A total of 606 restricted stock incentive recipients meet the conditions for lifting sale restrictions, accounting for 0.66% of the company's total share capital. Some shares held by senior executives, including the president, executive president, vice presidents, and board secretary, are included in the unlocking.

Benefiting from positive developments in the liquid cooling concept sector, Bingshan Environment's stock price has risen by approximately 204.13% over the past year.

Xinghui Shares, another liquid cooling concept stock, will see 102 million shares lifted from sale restrictions, all held by Xie Xiaohua. Xie Xiaohua and Chairman Cai Gengxi are the actual controllers of Xinghui Shares. Over the past year, the company's stock price has risen by approximately 109.19%.

Guoji Precision will have 5.8862 million shares from a private placement facing unlockings on September 21, with a market value of approximately 378 million yuan. Benefiting from the lab-grown diamond trend, Guoji Precision's stock price has risen by approximately 92.34%.

Eight Stocks Have Unlock Volumes Exceeding 10% of Total Share Capital

Beyond the volume and market value of unlocked shares, investors are particularly concerned about the proportion of unlocked shares relative to a company's total share capital. Wind data shows significant variation in this ratio among the 43 stocks, with eight individual stocks having unlocked shares accounting for more than 10% of their respective companies' total share capital.

Notable High-Proportion Unlockings

Shouyao Holdings-U (September 23): The shares being unlocked are pre-IPO founder restricted shares. All shares held by the company's controlling shareholder and persons acting in concert, Li Wenjun and Zhang Jing, along with some shares held by two employee stock ownership platforms, will be unlocked. Li Wenjun personally holds the vast majority of the shares being unlocked. He is the founder and chairman of Shouyao Holdings-U, holding 72.9531 million shares, making him the company's largest shareholder.

Yousheng Shares (September 23): Approximately 46.684 million shares will be unlocked, accounting for 24.18% of the company's total share capital. According to the announcement, the shares being unlocked include some pre-IPO issued restricted shares and some strategic allocation restricted shares from the IPO, held by 15 institutional shareholders. Shenzhen Dacheng Chuanglian Private Equity Investment Fund Partnership (Limited Partnership) holds the largest portion, with 18 million shares.

Juren New Materials (September 21): 95.7605 million shares will be unlocked, accounting for 23.94% of its total share capital.

Xinghui Shares (September 21): The 102 million shares being lifted from sale restrictions for actual controller Xie Xiaohua account for 21.88% of the company's total share capital.

Other Stocks with High Proportions

The proportions of shares being lifted from sale restrictions relative to their respective companies' total share capital are as follows:

• Tongdahai: ~16.35%
• Hongyuan Pharmaceutical: ~16.32%
• Zhengyu Industrial: ~12.94%
• COSCO Shipping Specialized Carriers: ~10.88%

Source: China News Jingwei