Yantai Jereh Oilfield Services Group Co Ltd

J&F Power Systems LLC, a controlled subsidiary of Jereh Group, has signed a gas turbine generator supply contract with a well-known international cloud service provider. The order is valued at 1.465 billion US dollars, equivalent to 9.832 billion yuan, accounting for 61.33 percent of the company's audited operating revenue for 2025. The company has received the first prepayment, and the order is scheduled for delivery in batches by 2027, with no impact on 2026 performance. The main contract is valid for five years, and the related equipment will be delivered before November 2027. Jereh Group said the two sides have cooperated multiple times in the field of data center power generation, and the order is progressing normally. In the first half of 2026, the company achieved operating revenue of 7.646 billion yuan, up 10.81 percent year on year, while net profit was 1.196 billion yuan, down 3.65 percent year on year.

China National Chemical Corporation announced that the total value of contracts signed from January to June 2026 reached 209.49 billion yuan. At the macro level, Ministry of Finance data shows that stamp duty revenue from securities transactions in the first half of the year was 154.9 billion yuan, up 97.3 percent year on year. China Securities Regulatory Commission Chairman Wu Qing met with Graham, President of Canada Pension Plan Investment Board, and the two sides exchanged views on topics including investing in China's capital market. Beijing State-owned Capital Operation and Management Company said it has invested nearly 10 billion yuan in the stock market. At the company level, a subsidiary of Jereh Group signed a 1.465 billion US dollar contract for the supply of gas turbine generator sets. A subsidiary of China XD Group won bids totaling about 4.129 billion yuan for State Grid procurement projects. Goldenmax International plans to invest about 2 billion yuan in a capacity expansion project in Zhuhai.

FTAI Aviation shares jumped 8% pre-market Wednesday after the company announced a $1.465 billion initial purchase order from a leading international cloud service provider for its Mod-1 aeroderivative gas turbine generator sets. The order will be fulfilled through J&F Power Systems, FTAI's joint venture with Jereh Group, under a five-year master agreement that runs through November 2027. Payments will be made on a milestone basis, starting with an advance payment at signing and continuing through production, testing, and on-site commissioning. FTAI said the agreement will represent a substantial portion of its targeted 2027 Mod-1 CFM56 aeroderivative unit deliveries.

On the evening of July 22, multiple listed companies on the Shanghai and Shenzhen exchanges released important announcements. In terms of earnings, Yisheng Livestock & Poultry Breeding reported first-half net profit surged 4,897.29 percent year-on-year to 308 million yuan, and plans to distribute 1.5 yuan per 10 shares. Lianxun Instruments expects first-half net profit to rise between 801.96 percent and 925.75 percent year-on-year. China Southern Power Grid Digital expects net profit to increase between 1,051.24 percent and 1,511.74 percent year-on-year. Betta Pharmaceuticals expects net profit to grow between 120 percent and 180 percent year-on-year. Regarding major contracts, a controlled subsidiary of Jereh Group signed a gas turbine generator set supply contract worth 1.465 billion US dollars, accounting for approximately 61.33 percent of the company's 2025 audited revenue. A wholly-owned grand subsidiary of Jingang Photovoltaic signed an artificial intelligence computing power technical service contract worth 614 million yuan. A subordinate subsidiary of PowerChina signed a subcontract for a seawater desalination project water transmission system worth approximately 8.925 billion yuan. In addition, chairmen of companies including Wanhua Chemical, ArcSoft, and Hangyang proposed to implement interim dividends. Companies such as Biwin Storage, Daqin Railway, and Changjiang Securities disclosed share buyback plans. Trading in shares of Jiayun Technology and Lianchuang Electronics was suspended due to planned changes in control rights.

A controlled subsidiary of Jereh Group has signed a gas turbine generator set supply contract with a globally renowned cloud service provider. The order is valued at 1.465 billion US dollars, equivalent to approximately 9.95 billion yuan, representing about 61.33 percent of the company's audited revenue for 2025. The contract stipulates delivery in batches before November 2027 and includes a price adjustment mechanism. This marks the seventh major gas turbine order the company has secured since November 2025, with cumulative orders in 2026 exceeding 16 billion yuan. Over the past twelve months, the company and its subsidiaries have signed multiple similar contracts with this customer and its affiliates, totaling 1.7198221 billion US dollars. Jereh Group's share price has risen more than 75 percent this year, giving it a total market capitalization of approximately 125.8 billion yuan.

Biwin Storage chairman Sun Chengsi has proposed that the company repurchase shares through centralized bidding, with a total buyback amount of 200 million to 250 million yuan. All repurchased shares will be cancelled to reduce registered capital. The buyback price ceiling will not exceed 150% of the average trading price of the company's stock over the 30 trading days before the board resolution approving the buyback plan, and will not exceed 558.44 yuan per share. A controlled subsidiary of Jereh Group has signed a gas turbine generator set supply contract with an internationally renowned cloud service provider. The order value is 1.465 billion US dollars, equivalent to approximately 9.95 billion yuan, accounting for about 61.33% of the company's audited 2025 revenue. The contract stipulates delivery in batches before November 2027. Yisheng Livestock & Poultry Breeding has released its 2026 semi-annual report, achieving operating revenue of 1.697 billion yuan, up 28.44% year-on-year, with net profit attributable to shareholders of the listed company of 308 million yuan, up 4897.29% year-on-year, and plans to distribute a cash dividend of 0.15 yuan per 10 shares. Lianxun Instruments expects its semi-annual 2026 net profit attributable to shareholders of the listed company to be between 510 million and 580 million yuan, up 802% to 926% year-on-year, benefiting from sustained high-speed growth in demand for high-speed optical communication products. In addition, several companies have disclosed buyback and shareholding change plans. Enjie New Materials plans to repurchase shares worth 100 million to 200 million yuan for equity incentives or employee stock ownership plans. Luxshare Precision has spent about 1 billion yuan on share buybacks. The chairman of Changjiang Securities has proposed a 100 million to 200 million yuan share buyback. Daqin Railway plans to repurchase 400 million to 500 million yuan of company shares for registered capital reduction.

Jereh Oilfield Services announced that its subsidiary has signed a gas turbine generator supply contract worth approximately 9.95 billion yuan with a well-known international cloud service provider. Today, the three major A-share indices closed mixed. The Shanghai Composite Index ended at 3,867.03 points, up 0.07 percent, while the Shenzhen Component Index and the ChiNext Index fell 1.42 percent and 3.23 percent respectively. Total market turnover for the day was about 2.67 trillion yuan. On the sector front, precious metals led the gains, while gaming and electronic chemicals were among the biggest decliners. In addition, several companies released important announcements after the market close. Ronbay Technology reported a first-half net profit of 109 million yuan, turning around from a loss a year earlier, with its lithium manganese iron phosphate business running at full production and full sales. Goldenmax International Technology plans to invest about 2 billion yuan in a capital increase and production expansion project in Zhuhai. Biwin Storage Technology's chairman proposed a share buyback of 200 million to 250 million yuan, with all repurchased shares to be cancelled to reduce registered capital. Yisheng Livestock and Poultry Breeding's first-half net profit surged 4,897 percent year-on-year, and it plans to distribute 1.5 yuan per 10 shares.