Index Rebalance

STAR50 Index Earning Revision (Mar): Xinjiang Daqo, TIANNENG BATTERY, Biwin Storage, TRANSSION

31 Mar 2026 By Ke Yan, CFA
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Abstract: We analyzed the earnings revision of STAR50 index component stocks for March 2026, estimating the index's 2026E EPS at ¥24.58, a decline of -2.0% month-on-month, with 9 stocks revised up versus 15 revised down. The STAR50 index fell -14% in March from 1,465 to 1,256, and individual stock EPS revisions attributed ¥0.512 to the index's EPS changes. Among the top movers, Biwin Storage contributed the largest positive impact at +¥0.68 to index EPS with its own EPS surging +102% MoM, while Xinjiang Daqo saw the steepest EPS cut at -30.5%, followed by JINKO SOLAR at -18.2% and CSI SOLAR at -7.8%. On the negative side, TIANNENG BATTERY had the largest adverse impact on index EPS at -¥0.22 due to its exclusion from the index, while TRANSSION detracted -¥0.11 on a -0.8% EPS revision.

SHANGHAI JUNSHI BIOSCIENCES CO., LTD. (A #688180) (688180 CH) ACM RESEARCH(SHANGHAI),INC. (A #688082) (688082 CH) XINJIANG DAQO NEW ENERGY CO.,LTD. (A #688303) (688303 CH) TIANNENG BATTERY GROUP CO.,LTD. (A #688819) (688819 CH) VERISILICON MICROELECTRONICS (SHANGHAI) CO., LTD. (A #688521) (688521 CH) BIWIN STORAGE TECHNOLOGY CO., LTD. (A #688525) (688525 CH)

Highlighted Stocks

SHANGHAI JUNSHI BIOSCIENCES CO., LTD. (A #688180), ACM RESEARCH(SHANGHAI),INC. (A #688082), XINJIANG DAQO NEW ENERGY CO.,LTD. (A #688303), TIANNENG BATTERY GROUP CO.,LTD. (A #688819), VERISILICON MICROELECTRONICS (SHANGHAI) CO., LTD. (A #688521), BIWIN STORAGE TECHNOLOGY CO., LTD. (A #688525)

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