China Stock of the Day | Kabutaro & Friends

Shanghai Yahong <603159>, a Shanghai-based manufacturer and seller of molds and dies, was the Chinese stock most talked about online on September 17, 2026.
Background: The stock resumed trading on September 17 after a suspension, opening locked at the daily limit-up, then plunging to the daily limit-down within minutes, before rebounding back near the limit-up within about 20 minutes. It closed at 24.34 yuan (+2.53%), with a market capitalization of just under 3.5 billion yuan. The swing followed a share-transfer announcement the previous night: existing shareholders Ningsheng Group, Xie Yaming and Xie Yue agreed to sell a combined 29.99% stake (about 41.986 million shares) to Shanghai Feike Investment for 900 million yuan, shifting the company's actual controller from Sun Lin to Li Gaiteng, founder of Flyco Electrical Appliance, known as China's "domestic razor king." As a small-cap "clean shell" stock, it also drew speculation about a possible asset restructuring (M&A).