China Stock of the Day | Kabutaro & Friends

Dalian Bingshan Group <000530>, a Dalian-based maker of refrigeration, freezing, and air-conditioning equipment, was the Chinese stock most talked about online on October 16, 2026.
Background: On October 16, the stock hit its daily limit, rising 9.96% to 7.62 yuan for a fourth consecutive daily limit-up, the longest streak in the market that day. Turnover reached 1.397 billion yuan and the turnover rate 33.24%. It was bought on several themes: the "ice and snow economy" of winter sports and tourism, ice rinks and other venues, liquid cooling for data centers, its acquisition of Bingshan Service, and the aftermarket for refrigeration equipment. On October 13, news of the expansion of Harbin Ice and Snow World had lifted ice-and-snow stocks across the board. However, the company explained that while its liquid cooling business is progressing smoothly, it still accounts for a small share of revenue. In an announcement on October 14, it said there had been no major change in its business environment, and it plans to report July-September results on October 22.