Tibet GaoZheng Explosive Co Ltd

Talkweb Information System released its 2026 semi-annual report, achieving operating revenue of 1.312 billion yuan, up 0.39% year-on-year, with net profit attributable to shareholders of the listed company at 69.222 million yuan, down 12.16% year-on-year. The company plans to distribute a cash dividend of 0.25 yuan for every 10 shares to all shareholders. As of the end of the reporting period, the company had over 30 products certified through OpenHarmony compatibility assessment, with related products in the market expansion and application stage. In other news, WuXi AppTec announced that a U.S. court has granted its preliminary injunction motion, shielding the company from immediate adverse impact while it challenges the U.S. Department of Defense's 1260H designation in judicial proceedings. Gaozheng Explosives' controlling shareholder is set to change to Tibet Geology and Mineral Resources Group. Ningxia Building Materials plans to repurchase shares worth 100 million to 200 million yuan for cancellation. Wuhan P&S Information Technology saw semi-annual net profit surge 209.5% year-on-year. Galaxy Microelectronics' semi-annual net profit rose 77.28% year-on-year. Hongte Technology plans to raise no more than 650 million yuan through a rights issue for its Thailand base and other projects. Tuoxin Pharmaceutical plans to raise no more than 228 million yuan through a private placement of shares. Biolight has terminated the planned change of control, and its shares and convertible bonds will resume trading on August 10. Huadong Medicine's wholly-owned subsidiary obtained EU MDR CE certification for its medical aesthetics product. Jumpcan Pharmaceutical's subsidiary obtained drug registration certificates for pediatric laxative granules and mesalazine sustained-release granules. Chinese Health's wholly-owned subsidiary had its drug registration application for ferrous succinate tablets accepted.

Gaozheng Minbao saw its intraday up-limit broken on August 7 before closing back at the up-limit, marking its sixth up-limit in eight trading sessions and taking its total market value to 15 billion yuan. The stock has surged more than 105 percent over nine trading days since July 27, with the market frenzy mainly driven by a change in its controlling shareholder. The company announced on the evening of July 28 that its actual controller, the State-owned Assets Supervision and Administration Commission of the Tibet Autonomous Region government, plans to transfer the 34 percent stake held by the controlling shareholder Tibet Construction Group to Tibet Geology and Mining Group free of charge. After the transfer, the controlling shareholder will change to the Geology and Mining Group, and Tibet Construction Group's stake will drop from 57.38 percent to 23.38 percent. The company also plans to change its name to Tibet Geology and Mining Development Company Limited, and adjust its main business into two segments: mining investment and development, and civil explosives production, sales and services.

Gaozheng Minbao announced that its controlling subsidiary, Tibet Gaozheng Blasting Engineering Co., Ltd., has won the bid for the civil explosive materials supply and blasting service project of the GX project of Huaneng Lancang River Upstream Company, with a bid amount of 220 million yuan. This project aligns with the company's main business strategic layout, helps consolidate its market competitiveness in the Tibet region, and is expected to have a positive impact on future operating performance.