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wrote a column · Apr 1 09:44

Read the Earnings Report: Over 230 billion yuan of A-share stocks set for April lock-up expiry, with CITIC Metal and Huashu High-Tech leading in scale

In April 2026, 112 companies in the A-share market will face the lifting of trading restrictions on their restricted shares, with a total volume of approximately 12.549 billion shares and a total market value of 233.445 billion yuan, representing a month-over-month decrease of about 2.67% and a year-over-year decline of around 14.47%. CITIC Metal tops the list with a lifted market value exceeding 50 billion yuan.
In terms of industry distribution, consumer goods retail, electronics, and machinery equipment sectors rank in the top three for lifted share market value.
Additionally, nine companies, with 383 million restricted shares, will reach their listing anniversary in April, involving a lifted market value of 16.095 billion yuan, including Jiangshun Technology, Shouhang New Energy, and Taihong Wanli.
Over 230 billion yuan worth of restricted shares to be lifted in April, with CITIC Metal and Huashu High-Tech leading in scale.
Data as of March 30, 2026 shows that 112 stocks are facing the lifting of trading restrictions in April, with a combined volume of 12.549 billion shares. Based on the closing price on March 30, 2026, the total market value of these lifted shares amounts to 233.445 billion yuan, marking a month-over-month decrease of about 2.67% and a year-over-year decline of approximately 14.47%.
In April 2026, a total of 112 companies' restricted shares in the A-share market will face lock-up expiries. The combined volume of expiring shares will be approximately 1.2549 billion shares, with a total lock-up value of 233.445 billion yuan. This represents a month-over-month decrease of about 2.67% and a year-over-year drop of around 14.47%. Among them, CITIC Metal ranks first with an unlocking market value exceeding 50 billion yuan. From an industry perspective, consumer goods retailing, electronics, and machinery equipment industries rank as the top three in terms of lock-up market value. Additionally, nine companies with 383 million restricted shares will face their one-year listing anniversary lock-up expiry in April, with a combined lock-up value of 16.095 billion yuan. These include companies like Jiangshun Technology, Shouhang New Energy, and Taihong Wanli. Over 230 billion yuan worth of restricted shares to be unlocked in April, with CITIC Metal and Huashu High-Tech leading in scale Data as of March 30, 2026 shows that 112 stocks are facing lock-up expiries in April, with a total volume of 1.2549 billion shares. Based on the closing price as of March 30, 2026, the combined lock-up market value amounts to 233.445 billion yuan, representing a month-over-month decrease of about 2.67% and a year-over-year decline of approximately 14.47%. Figure 1: Scale of Restricted Shares Unlocked from Sale Restrictions, April 2025 to April 2026 Specifically, CITIC Metal, Huashu High-Tech, and Longyang Electronics rank as the top three in terms of lock-up size. CITIC Metal tops the list in lock-up market value. On April 10, the company will have 4.399 billion original shareholder restricted shares unlocked, with an estimated lock-up market value of 51.51 billion yuan, accounting for 89.77% of the total share capital. Figure 2: 202...
Figure 1: Scale of Restricted Shares Unlocked from Sale Restrictions, April 2025 to April 2026
Specifically, CITIC Metal, Huashu High-Tech, and Longyang Electronics rank in the top three for lifted share scale.
CITIC Metal has the highest lifted market value. On April 10, the company will lift restrictions on 4.399 billion original shareholder restricted shares issued at IPO, with a market value of approximately 51.51 billion yuan, accounting for 89.77% of the total equity.
In April 2026, a total of 112 companies' restricted shares in the A-share market will face lock-up expiries. The combined volume of expiring shares will be approximately 1.2549 billion shares, with a total lock-up value of 233.445 billion yuan. This represents a month-over-month decrease of about 2.67% and a year-over-year drop of around 14.47%. Among them, CITIC Metal ranks first with an unlocking market value exceeding 50 billion yuan. From an industry perspective, consumer goods retailing, electronics, and machinery equipment industries rank as the top three in terms of lock-up market value. Additionally, nine companies with 383 million restricted shares will face their one-year listing anniversary lock-up expiry in April, with a combined lock-up value of 16.095 billion yuan. These include companies like Jiangshun Technology, Shouhang New Energy, and Taihong Wanli. Over 230 billion yuan worth of restricted shares to be unlocked in April, with CITIC Metal and Huashu High-Tech leading in scale Data as of March 30, 2026 shows that 112 stocks are facing lock-up expiries in April, with a total volume of 1.2549 billion shares. Based on the closing price as of March 30, 2026, the combined lock-up market value amounts to 233.445 billion yuan, representing a month-over-month decrease of about 2.67% and a year-over-year decline of approximately 14.47%. Figure 1: Scale of Restricted Shares Unlocked from Sale Restrictions, April 2025 to April 2026 Specifically, CITIC Metal, Huashu High-Tech, and Longyang Electronics rank as the top three in terms of lock-up size. CITIC Metal tops the list in lock-up market value. On April 10, the company will have 4.399 billion original shareholder restricted shares unlocked, with an estimated lock-up market value of 51.51 billion yuan, accounting for 89.77% of the total share capital. Figure 2: 202...
Figure 2: Top 50 Stocks by Market Capitalization Unlocked in April 2026
On April 17, Huafu High-Tech will see the lifting of a 212 million-share lock-up period for original shareholders, including Hunan Meina Technology Co., Ltd. The total market value of this lock-up share release amounts to approximately 16.185 billion yuan, accounting for about 51.2% of the total share capital.
The third-largest company in terms of market value unlocking in April is Longyang Electronics. This round of unlocking involves a total of 199 million shares, representing 70.17% of the total share capital, with a market value of approximately 10.418 billion yuan.
In addition, companies such as Beifang Changlong and Baicheng Shares have relatively high unlocking ratios in April, with the shares to be unlocked accounting for more than 70% of the total share capital.
The retail trade, electronics, and machinery equipment sectors lead in terms of unlocking market value.
In terms of unlocking market value across industries, the retail trade, electronics, and machinery equipment sectors rank among the top three. In the retail trade sector, the main factor is the large scale of unlocking by CITIC Metals. In the electronics sector, the unlocking market values of Longyang Electronics and CEC Port are prominent.
In April 2026, a total of 112 companies' restricted shares in the A-share market will face lock-up expiries. The combined volume of expiring shares will be approximately 1.2549 billion shares, with a total lock-up value of 233.445 billion yuan. This represents a month-over-month decrease of about 2.67% and a year-over-year drop of around 14.47%. Among them, CITIC Metal ranks first with an unlocking market value exceeding 50 billion yuan. From an industry perspective, consumer goods retailing, electronics, and machinery equipment industries rank as the top three in terms of lock-up market value. Additionally, nine companies with 383 million restricted shares will face their one-year listing anniversary lock-up expiry in April, with a combined lock-up value of 16.095 billion yuan. These include companies like Jiangshun Technology, Shouhang New Energy, and Taihong Wanli. Over 230 billion yuan worth of restricted shares to be unlocked in April, with CITIC Metal and Huashu High-Tech leading in scale Data as of March 30, 2026 shows that 112 stocks are facing lock-up expiries in April, with a total volume of 1.2549 billion shares. Based on the closing price as of March 30, 2026, the combined lock-up market value amounts to 233.445 billion yuan, representing a month-over-month decrease of about 2.67% and a year-over-year decline of approximately 14.47%. Figure 1: Scale of Restricted Shares Unlocked from Sale Restrictions, April 2025 to April 2026 Specifically, CITIC Metal, Huashu High-Tech, and Longyang Electronics rank as the top three in terms of lock-up size. CITIC Metal tops the list in lock-up market value. On April 10, the company will have 4.399 billion original shareholder restricted shares unlocked, with an estimated lock-up market value of 51.51 billion yuan, accounting for 89.77% of the total share capital. Figure 2: 202...
Figure 3: Top Ten Industries by Market Capitalization Unlocked in April 2026
In April, a total of nine companies will experience their anniversary unlocking, with a combined unlocking volume of approximately 383 million shares and an unlocking market value of approximately 16.095 billion yuan.
In April 2026, a total of 112 companies' restricted shares in the A-share market will face lock-up expiries. The combined volume of expiring shares will be approximately 1.2549 billion shares, with a total lock-up value of 233.445 billion yuan. This represents a month-over-month decrease of about 2.67% and a year-over-year drop of around 14.47%. Among them, CITIC Metal ranks first with an unlocking market value exceeding 50 billion yuan. From an industry perspective, consumer goods retailing, electronics, and machinery equipment industries rank as the top three in terms of lock-up market value. Additionally, nine companies with 383 million restricted shares will face their one-year listing anniversary lock-up expiry in April, with a combined lock-up value of 16.095 billion yuan. These include companies like Jiangshun Technology, Shouhang New Energy, and Taihong Wanli. Over 230 billion yuan worth of restricted shares to be unlocked in April, with CITIC Metal and Huashu High-Tech leading in scale Data as of March 30, 2026 shows that 112 stocks are facing lock-up expiries in April, with a total volume of 1.2549 billion shares. Based on the closing price as of March 30, 2026, the combined lock-up market value amounts to 233.445 billion yuan, representing a month-over-month decrease of about 2.67% and a year-over-year decline of approximately 14.47%. Figure 1: Scale of Restricted Shares Unlocked from Sale Restrictions, April 2025 to April 2026 Specifically, CITIC Metal, Huashu High-Tech, and Longyang Electronics rank as the top three in terms of lock-up size. CITIC Metal tops the list in lock-up market value. On April 10, the company will have 4.399 billion original shareholder restricted shares unlocked, with an estimated lock-up market value of 51.51 billion yuan, accounting for 89.77% of the total share capital. Figure 2: 202...
Figure 4: List of Shares Unlocked for Trading on the Anniversary of the April 2026 IPO
Among them, Jiangshun Technology leads in unlocking scale, with an unlocking market value of approximately 2.957 billion yuan. Shouhang New Energy and Taihong Wanli follow closely behind, with unlocking scales of 2.88 billion yuan and 2.771 billion yuan, respectively.
[Reading Financial Reports] is a column co-produced by Xinhua Finance and Bread财经 that focuses on interpreting listed company financial reports. Xinhua Finance is the national financial information platform constructed by Xinhua News Agency, providing authoritative, professional, and comprehensive financial information services covering global stock, foreign exchange, and bond markets.
(Article Serial Number: 2038542332424491008/GJ)
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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