Canaan Smart Surges 20% on March 4, 2026, as EV Charging Business Gains Momentum and Governance Improves

On March 4, 2026, shares of Canaan Intelligence (SZSE: 300880) surged by the daily trading limit of 20%, closing at RMB 23.22 per share. The stock recorded a trading volume of RMB 519 million and a total market capitalization of RMB 4.531 billion. The rally was primarily driven by three key factors: First, the company has made significant progress in its EV charging infrastructure business. Its ultra-fast charging products now cover power outputs ranging from 480 kW to the megawatt level, with liquid-cooled terminals capable of delivering up to 800A—fully compatible with China’s national standards for new energy vehicles—benefiting from the sector’s strong growth momentum. Second, Canaan Intelligence has continuously optimized its corporate governance structure, including expanding its board of directors, revising its articles of association, and enhancing specialized board committees. Management remains stable, with Chairman and General Manager Zhang Enyou reappointed, bolstering investor confidence. Third, despite an expected decline in profits for 2025, the company is still projected to report net earnings between RMB 78 million and RMB 90 million, demonstrating notable resilience amid challenging conditions. Additionally, positive technical indicators on the day—including a MACD golden cross and a breakout above the BOLL (Bollinger Bands) channel—alongside strong capital inflows further supported the stock’s upward momentum.