This week, the Shanghai Composite Index rose 1.64% cumulatively; the Shenzhen Component Index rose 4.02% cumulatively; the ChiNext Index hit a new nearly 11-year high, rising 6.65% for the week. 65% of individual stocks rose during the week, with 503 stocks gaining over 10% and 48 stocks falling over 10%.

Excluding new listings from this year, the 20 worst-performing stocks of the week all fell more than 14%, with 7 of them dropping over 20%. Bangjie Shares (002634.SZ), Liuhua Shares (600423.SH), and Longyuan Construction (600491.SH) led the declines. Among the 20 biggest losers, 5 are from the construction and decoration industry, and 2 are from the real estate industry.

The week’s worst performer, Bangjie Shares (002634.SZ), fell over 33%. Since April 9th, the stock has declined for 7 consecutive trading days, including three consecutive limit-down sessions from April 14th to 16th. Bangjie Shares’ current main businesses are seamless apparel and photovoltaic operations.

Regarding abnormal stock price fluctuations, Bangjie Shares issued an announcement on the evening of April 16th: ① The company is currently in a pre-restructuring phase. On April 14th, 2026, the company, the provisional administrator for pre-restructuring, and the industrial investor Meinian Onehealth Healthcare Group signed a “Restructuring Investment Agreement.” If the restructuring is successful, the company’s controlling shareholder will change to Meinian Onehealth, and the actual controller will change to Mr. Yu Rong. ② The company’s controlled secondary subsidiary, Yangzhou Bangjie New Energy Technology Co., Ltd. (Yangzhou Bangjie), has been ruled by the court to enter the restructuring process, but its restructuring plan still faces risks such as failing to pass votes, not receiving court approval, or being unenforceable.

Furthermore, according to the 2025 annual performance forecast disclosed on January 31st, Bangjie Shares’ estimated net profit attributable to the parent company for 2025 is a loss of 900 million to 1.2 billion yuan. By the end of 2025, the estimated net assets attributable to the parent company are -900 million to -600 million yuan, indicating insolvency. According to the Shenzhen Stock Exchange listing rules, the company’s stock may be subject to delisting risk warnings after the disclosure of the 2025 annual report.

Among the 20 biggest losers, 5 are ST stocks. *ST Guohua (600636.SH) experienced five consecutive limit-down sessions, falling over 22% for the week. *ST Zhengping (603843.SH) and *ST Yanshi (600696.SH) had four consecutive limit-down sessions from Monday to Thursday, with weekly declines of over 18% and 14% respectively.

Shanghai Composite Index

The Shanghai Composite Index is a major stock market index that tracks the performance of all listed companies on the Shanghai Stock Exchange. It was launched in 1991, shortly after the exchange reopened as part of China’s economic reforms, and serves as a key benchmark for the country’s domestic equity market, often referred to as the A-share market.

Shenzhen Component Index

The Shenzhen Component Index is a major stock market index that tracks the performance of leading companies listed on the Shenzhen Stock Exchange. It was launched in 1995 to reflect the overall price movements of the exchange’s main board, which has been central to China’s economic reforms and the growth of its private and technology sectors. The index serves as a key benchmark for the dynamic and innovative segment of China’s domestic capital market.

ChiNext Index

The ChiNext Index is a stock index launched by the Shenzhen Stock Exchange in 2010, designed to track the performance of innovative, high-growth companies, often in technology and emerging sectors. It is China’s equivalent to the NASDAQ and was established to support the fundraising needs of startups and growth enterprises outside the traditional mainboard market.

Bangjie Shares

“Bangjie Shares” (邦捷股份) is not a widely recognized historical place or cultural site, but rather a modern company, typically referring to **Zhejiang Bangjie Digital Knitting Share Co., Ltd.**, a Chinese textile manufacturer. Founded in the contemporary industrial era, the company specializes in digital knitting technology and represents the growth of China’s modern private manufacturing sector, particularly in Zhejiang province. Therefore, it lacks a traditional historical narrative associated with ancient cultural landmarks.

Liuhua Shares

“Liuhua Shares” is not a recognized historical place or cultural site. It appears to be a mistranslation or a reference to **Liuhua Park** (Liuhua Lake Park) in Guangzhou, China.

This large urban park, centered around Liuhua Lake, was historically part of the imperial gardens during the Southern Han dynasty (917–971 AD). Today, it is a popular recreational area known for its lush landscapes and annual lantern festivals.

Longyuan Construction

“Longyuan Construction” does not appear to correspond to a widely recognized historical place, cultural site, or landmark. It is likely the name of a modern construction or development company. Therefore, there is no notable history or cultural significance to summarize for it as a destination.

Meinian Onehealth Healthcare Group

Meinian Onehealth Healthcare Group is a leading private healthcare services provider in China, founded in 2004. It operates a vast network of physical examination centers and clinics, focusing primarily on preventive health check-ups and medical diagnostics. The company has grown significantly through expansion and acquisitions, aiming to make standardized healthcare services more accessible across the country.

Yangzhou Bangjie New Energy Technology Co., Ltd.

Yangzhou Bangjie New Energy Technology Co., Ltd. is a modern Chinese company specializing in the research, development, and production of new energy technologies, such as lithium-ion batteries. Founded in the 21st century, it represents China’s contemporary industrial shift toward high-tech and sustainable energy solutions. Unlike a historical cultural site, it is a commercial enterprise contributing to the current global green energy sector.