Zhejiang Wanma Co Ltd

More than 5 trillion yuan of incremental grid investment during the 15th Five-Year Plan period has officially entered the implementation phase, with distribution network upgrades becoming the largest structural increment in this round of investment. Data from the National Energy Administration shows that grid investment in the first half of this year rose 13.5 percent year on year. State Grid completed fixed asset investment of more than 310 billion yuan, up 12.6 percent year on year, while China Southern Power Grid completed 89.262 billion yuan, up 14.79 percent, the highest level for the same period on record. The National Development and Reform Commission has made clear that it will plan and build a number of transmission corridors and inter-provincial power mutual support projects, and implement three major programs: upgrading urban distribution networks, renovating weak county-level grids, and addressing frequent power outages in rural grids. In the first quarter of 2026, State Grid invested 56.8 billion yuan in distribution networks, already accounting for as much as 55 percent of grid investment at all levels. According to estimates by the National Energy Administration, the 5 trillion yuan of investment will drive total upstream and downstream activity of more than 10 trillion yuan and directly create over one million jobs.

Wanma Shares announced that its subsidiary Wanma Polymer plans to build a high-quality factory project with an annual output of 100,000 tons of cable materials in Yuqian Town, Lin'an District, Hangzhou, with an estimated total investment of about 450 million yuan and a construction period from 2026 to 2027. At the same time, it plans to invest in the Wanma Polymer Qingdao submarine cable insulation material project in the West Coast New Area of Qingdao, Shandong Province, with an estimated total investment of about 370 million yuan and a construction period from 2026 to 2028.

On the evening of July 28, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements. Luyang Energy-Saving's indirect controlling shareholder Ulysses filed for bankruptcy restructuring in the United States, with the process expected to conclude in about 60 days. Wanma Co.'s subsidiary plans to invest in building a factory with an annual output of 100,000 tons of premium cable materials and a Qingdao submarine cable insulation material project, with total investments of approximately 450 million yuan and 370 million yuan respectively. ST Doushen plans to carry out a debt restructuring, expecting a gain of about 56.7021 million yuan. Sanyou Chemical's controlling subsidiary intends to purchase a 31% stake in Sanyou New Materials, raising its shareholding to 51%. Tianjin Motor Dies' acquisition of a 60% stake in Dongshi Automotive Technology Group Co., Ltd. has received a decision of no further review from antitrust authorities. Dongjian Technology has received a refund of U.S. tariffs and interest totaling 3.3927 million U.S. dollars. The chairman of Haohua Energy proposed an interim dividend for 2026 of no less than 20% of half-year net profit. Pu Lian Software, Beiken Energy, and Xintian Technology all remain suspended from trading due to planned changes in control. Jinpu Titanium's wholly-owned subsidiary Xuzhou Titanium Dioxide has temporarily halted production for rectification due to excessive fluoride in discharged wastewater. Jiuzhou Yigui plans to invest no more than 630 million yuan in an advanced semiconductor wafer laser stealth dicing industrialization project. Daimei Co. intends to acquire a 100% stake in Rongming Technology. The actual controller of Yuxin Co. proposed an interim dividend of no less than 30% of first-half net profit. Sunway Biotech plans to acquire a partial stake in Biling Biotech for 10 million yuan. Leon Technology plans to raise no more than 255 million yuan through a private placement to invest in projects such as an artificial intelligence computing power resource pool. Hongfuhan's liquid cooling business orders are progressing steadily. Dongfang New Energy, which hit two consecutive daily limit-up moves, announced that it is not involved in businesses related to tourism, sponge cities, or Beijing urban planning. ST Energy Conservation will have its delisting risk warning removed starting July 30. On the earnings front, Kingsoft Office expects first-half net profit to increase by 209.98% to 263.89% year-on-year; Zhonghong Medical expects a surge of 2,338% to 3,557%; Hesheng New Materials reported net profit of 136 million yuan, up 40.42%; Juchen Semiconductor expects a 156.07% increase; Haibosichuang expects growth of 96.3% to 121.63%; Sanwei Xin'an narrowed its losses year-on-year; Tapai Group's net profit was 219 million yuan, down 49.6%; Sifang Technology's net profit was 86.2916 million yuan, up 24.48%; Power Diamond's net profit was 90.0816 million yuan, up 247.61%; Universal Scientific Industrial's net profit rose 28.85%; and Bio-Thera Solutions expects a loss of 230 million to 290 million yuan. Regarding shareholding changes, BOE Technology's controlling shareholder plans to increase holdings by 500 million to 1 billion yuan; Zhongji Innolight's chairman proposed a buyback of 4 billion to 8 billion yuan; Hailiang Co.'s controlling shareholder plans to increase holdings by 600 million to 1 billion yuan; Chongqing Port plans a buyback of 20 million to 30 million yuan and its indirect controlling shareholder plans to increase holdings; Guocheng Mining plans a buyback of 300 million to 600 million yuan; Pulite's actual controller committed not to reduce holdings within one year; Wondfo Biotech's controlling shareholder plans to increase holdings by 20 million to 40 million yuan; Guanshi Technology obtained special buyback financing support of no more than 27 million yuan; a controlling subsidiary of Yandong Micro's controlling shareholder plans to increase holdings by 150 million to 300 million yuan; Kedali plans a buyback of 150 million to 300 million yuan; Vanchip plans a buyback of 80 million to 100 million yuan; Shuangyi Technology plans a buyback of 30 million to 50 million yuan; Dong Yi Ri Sheng's shareholder Tianjin Chen has not reduced holdings and terminated the reduction plan early; Zhongsheng Gaoke's controlling shareholder plans to increase holdings by no less than 30 million yuan; and ST Tianjian's controlling shareholder and shareholders plan to transfer a total of 14.77% of the company's shares through an agreement. On the major contract front, Shenghui Integration won a bid for a major engineering project worth 858 million yuan, and China State Construction signed a contract for the North Kabd Wastewater Treatment Plant and supporting projects in Kuwait, with a contract value of approximately 22.4 billion yuan.

On the evening of July 28, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued significant positive announcements. Zhongji Innolight's chairman and president Liu Sheng proposed that the company repurchase shares worth 4 billion to 8 billion yuan for equity incentives or employee stock ownership plans. BOE Technology's controlling shareholder, Beijing Electronics Holdings, plans to increase its shareholding by 500 million to 1 billion yuan. Kingsoft Office expects a net profit attributable to the parent company of 2.316 billion to 2.719 billion yuan in the first half of 2026, a year-on-year increase of 209.98% to 263.89%, with some external investment fund projects achieving good returns. Wanma Technology's subsidiary, Wanma Polymer, plans to invest in cable material projects in Lin'an, Hangzhou, and the West Coast of Qingdao, with a total investment of approximately 820 million yuan. Jiuzhou Yigui's wholly-owned subsidiary plans to invest in an advanced semiconductor wafer laser stealth dicing industrialization project, with a total investment not exceeding 630 million yuan. In addition, Sanyou Chemical's controlling subsidiary plans to purchase a 31% stake in Sanyou New Materials, Daimei Auto Parts plans to acquire 100% equity of Rongming Technology, Leon Technology plans to raise no more than 255 million yuan through a private placement for an artificial intelligence computing resource pool project, Yandong Microelectronics' controlling shareholder's controlling subsidiary plans to increase its shareholding by 150 million to 300 million yuan, and Hongfuhan's liquid cooling business orders are progressing steadily.