Lingyi iTech Guangdong Co

At around 11:04 a.m. on September 10, Lingyi iTech suddenly shot higher, with its share price flipping from negative to positive in an instant and climbing more than 9% within 10 minutes, approaching the daily limit. According to media reports citing industry chain sources, Lingyi iTech is a supplier for Apple's first foldable phone, the iPhone Duo, providing core precision components for the new-generation device, including hinge precision structural parts, screen support plates, and ultra-thin vapor chambers, with per-unit value higher than that of a bar phone. The consumer electronics industry saw a rare concentrated launch window this week: in the early hours of September 10, Apple held its fall 2026 event, unveiling its first foldable iPhone Duo and the iPhone 18 Pro series. The iPhone Duo is the thinnest iPhone ever, starting at 15,999 yuan, while the iPhone 18 Pro series features a 2-nanometer A20 Pro chip and starts at 9,999 yuan. Huawei and Xiaomi held their fall product launches on Monday, meaning the three giants rolled out flagship products within one week, with foldable phones at the center of this round of competition. Earlier reports said Apple had raised its 2026 foldable iPhone stocking target from 7 million to 8 million units to about 10 million units, though initial production ramp-up still faces challenges due to extremely strict quality control standards. Well-known Apple analyst Ming-Chi Kuo expects shipments in the third quarter of this year to be only about 500,000 to 1 million units, constrained by hinge and flexible screen assembly yields. Counterpoint Research data shows that cumulative global foldable phone shipments will surpass 100 million units by the end of 2026, up 24% year on year.

Lingyi iTech announced plans to distribute a cash dividend of 0.2 yuan per 10 shares, including tax, with an estimated total payout of 162 million yuan. In the first half of 2026, the company reported revenue of 25.149 billion yuan and net profit attributable to the parent of 764 million yuan.

Over the past six months, at least six A-share listed companies have entered the liquid cooling sector through mergers, acquisitions, or capital increases, all with ties to Dongguan. These include Wuyang Automation planning to acquire 51 percent of Dongguan Kesyu Liquid Cooling Technology for 681 million yuan in cash, Lucky Harvest Technology planning to acquire 51 percent of Suzhou Coolchip Technology, Jinfu Technology acquiring 51 percent of two liquid cooling targets for 571 million yuan, and Lingyi iTech acquiring 35 percent of Dongguan Liminda Electronic Technology for 875 million yuan to gain control. This wave is driven by soaring chip power in the AI computing era, as traditional air cooling approaches its physical limits and liquid cooling becomes the inevitable choice. Nvidia's intelligent computing chip single-card power has risen from 400 watts for the A100 to 1,400 watts for the B300. Dongguan, with its precision manufacturing base, has become a focal point for the liquid cooling industry. Qishi Town has gathered 33 core heat dissipation companies and 53 upstream and downstream supporting enterprises. In 2025, the town's total AI heat dissipation industry output reached 7.494 billion yuan, and it was selected as a provincial-level small and medium-sized enterprise characteristic cluster for 2026 by the Guangdong Provincial Department of Industry and Information Technology. Dongguan's server production in 2025 approached 600,000 units, with the entire industry chain output nearing 100 billion yuan. The city has issued its first special support policy for the AI server industry, proposing that the output of related industries exceed 500 billion yuan by 2030. In the regional competitive landscape of the liquid cooling industry, North American system integrators lead, Taiwan region of China dominates in large-scale manufacturing, and mainland China is rapidly catching up. Dongguan is narrowing the gap through its industrial cluster but faces fierce competition from cities like Shenzhen and Suzhou.

From July 15 to 20, the A-share market saw a dense wave of buyback and shareholding increase disclosures, with the combined cap on new buyback and shareholding increase plans on the Shanghai and Shenzhen exchanges exceeding 15.7 billion yuan. Central enterprises took the lead, with Aluminum Corporation of China's controlling shareholder planning to increase holdings by no less than 1 billion yuan and no more than 2 billion yuan. CRRC Corporation and China Coal Energy also disclosed shareholding increase plans. The chairman of NARI Technology proposed a buyback of 500 million to 1 billion yuan, and Sinopec updated its buyback progress. Earlier, China Reform Holdings had already used over 50 billion yuan in special re-lending and supporting funds, and China Chengtong Holdings Group had cumulatively purchased nearly 10 billion yuan in domestic stock assets. The wave spread across all sectors on the Shanghai and Shenzhen exchanges. Hengrui Medicine cumulatively paid 853 million yuan for buybacks, Lingyi iTech raised its total buyback funds to between 400 million and 800 million yuan, and three brokerages including Huaan Securities had a combined buyback cap of 700 million yuan. This round of buyback and shareholding increase wave features an increase in buyback cancellations, continued force from special loan tools, and diversification of shareholding increase entities. Analysts believe this is expected to inject positive factors into the market.

Lingyi iTech announced that its board of directors has approved a proposal to adjust the total amount for share repurchases from no less than 200 million yuan and no more than 400 million yuan to no less than 400 million yuan and no more than 800 million yuan. The repurchase price cap remains at 21.08 yuan per share. As of June 30, 2026, the company had repurchased a total of 22,199,300 shares, accounting for 0.27 percent of total share capital, with a transaction amount of 311 million yuan.

On the evening of July 17, several listed companies on the Shanghai and Shenzhen exchanges released significant positive announcements. Hunan Yuneng plans to invest approximately 24 billion yuan in a mining-integrated new energy battery materials circular industry project in Weng'an, Guizhou, focusing on lithium iron phosphate and the upstream supply chain, with a total construction period expected to be five years. TCL Zhonghuan plans to invest about 11.96 billion yuan through a subsidiary to build a semiconductor large silicon wafer project for integrated circuits in Shenzhen. Guoke Micro intends to raise no more than 5.061 billion yuan through a private placement for the research and industrialization of next-generation AI vision processing chips and other projects. Ananda's wholly-owned subsidiary plans to invest 3.298 billion yuan to build an integrated project with an annual output of 300,000 tons of battery-grade iron phosphate. China Shipbuilding Gas reported a net profit attributable to the parent company of 348 million yuan for the first half of the year, up 95.63 percent year-on-year. Huarui Precision expects a net profit attributable to the parent company of between 210 million and 250 million yuan for the first half, an increase of 145.73 percent to 192.54 percent year-on-year. Lingyi iTech has raised the total amount for its share buyback to between 400 million and 800 million yuan. In addition, Baose Corporation plans to invest 970 million yuan in a high-end over-limit equipment intelligent manufacturing project, Pan Asian Microvent Tech intends to acquire a 54.089 percent stake in Tianyuan Electric to gain control, Guangyang Corporation has signed a strategic cooperation framework agreement with Pangu Power, and Huike Corporation plans to invest 4 billion yuan to establish a subsidiary for an advanced packaging and testing project.

On the evening of July 17, several A-share listed companies released important announcements. TCL Zhonghuan plans to invest 11.96 billion yuan in building a Shenzhen project for integrated circuit semiconductor large silicon wafers. Goke Microelectronics plans to raise no more than 5.061 billion yuan through a private placement for research and development projects including next-generation AI vision processing chips. In terms of earnings, China Shipbuilding Special Gas reported a first-half net profit of 348 million yuan, up 95.63 percent year-on-year. Zhiwei Intelligent reported a first-half net profit of 388 million yuan, up 281.92 percent year-on-year. Decole expects first-half net profit to grow between 216.8 percent and 277.31 percent year-on-year. Regarding risk warnings, Xintong Electronics, which hit the daily limit up four times in five days, and Xingwang Yuda, which hit the daily limit up for two consecutive days, both issued abnormal movement announcements, warning that the short-term stock price increase is relatively large and there is a risk of rapid decline or correction. In addition, Zhao Long, the actual controller, chairman, and general manager of Huichen Shares, was criminally detained on suspicion of illegal disclosure or non-disclosure of important information. ST Wenfeng was placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure. In terms of shareholding changes, a person acting in concert with the controlling shareholder of Hengtong Shares plans to increase their holdings by no more than 50 million yuan. Regarding buybacks, Lingyi iTech raised the total buyback amount to between 400 million yuan and 800 million yuan. Several companies including Yingkang Life and Suwen Electric disclosed buyback plans. In terms of major contracts, HNA Holding plans to purchase 40 aircraft from Airbus, with a total transaction amount not exceeding 5.36 billion US dollars. Air China plans to purchase Airbus aircraft for approximately 12.44 billion US dollars. Hongsheng Huayuan pre-won a State Grid procurement project worth about 745 million yuan.

Lingyi iTech Guangdong rose as much as 15.9% in its Hong Kong trading debut after raising HK$8.3 billion, or $1.06 billion, in a share sale. The stock climbed to HK$11.80 from its HK$10.18 listing price, giving the company a market value of more than $19 billion, while its Shenzhen-listed shares fell as much as 7.6% to 16.53 yuan. The offering, the city's biggest since April, drew cornerstone investors including GF Fund Management, Qube Research & Technologies and Value Partners Group. Lingyi plans to use part of the proceeds to expand manufacturing in AI computing servers, humanoid robot hardware and assembly, aiming for AI-related business to surpass its core smartphone component business in two years.