Ningbo Shanshan Co Ltd

The National Development and Reform Commission said at a press conference on September 22 that during the 15th Five-Year Plan period it will push the BeiDou industry to exceed 1 trillion yuan in scale within five years, achieving new breakthroughs in market-oriented, industrialized, and internationalized large-scale applications of BeiDou. On the same day, the annual development report released by the China Electricity Council showed that China's electrification rate has surpassed 29 percent, reaching about 29.5 percent in 2025, up 1.4 percentage points from the previous year, and will leap to first place among major global economies by 2030. Alibaba CEO Wu Yongming said at the Apsara Conference that current customer demand for AI is very strong, and the company will fully invest in AI infrastructure construction, with a goal of operating more than 20 gigawatts of global data center capacity under Alibaba Cloud by 2032. Meituan Vice President and head of its flash purchase business unit Xiao Kun said that over the next three years, Meituan Flash Purchase will invest 30 billion yuan in support resources for industry partners in infrastructure construction, product research and development, and merchandise marketing. At the company level, CICC's share swap merger received valid declarations of dissent for 7.3219 million shares, and its A shares resumed trading; Shanshan Corporation plans to invest 5.106 billion yuan to build an integrated base project with an annual output of 150,000 tons of lithium-ion battery anode materials; and Wisesoft was placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure.

Shanshan Co. announced on the evening of September 22 that it plans to invest approximately 5.106 billion yuan in total to build an integrated base project with annual capacity of 150,000 tons of lithium-ion battery anode materials for Inner Mongolia Shanshan Technology Co., in order to consolidate its leading position in global artificial graphite anodes. The project involves fixed asset investment of about 4.318 billion yuan, with a construction period of 17 months. It is scheduled to start in March 2027 and be completed in July 2028. Once completed, it will form integrated production capacity of 150,000 tons of lithium battery anode materials per year, along with supporting graphitization capacity of 50,000 tons to fill the graphitization gap at the Jiuyuan plant, and will reserve flexible production interfaces for sodium-ion hard carbon anode materials. This comes just over a month after the company completed a change of control. On August 11, the company announced that Anhui Conch Group Co., Ltd. had become its indirect controlling shareholder. The current controlling shareholder is Anhui Wanwei Group Co., Ltd., and the actual controller is the State-owned Assets Supervision and Administration Commission of the People's Government of Anhui Province. Third-party data show that in the first half of 2026, China's anode material shipments reached 1.91 million tons, up 48 percent year on year, with industry capacity utilization exceeding 80 percent and leading companies continuing to run at full capacity. In the first half of 2026, Shanshan Co.'s operating revenue rose 23.04 percent year on year to 12.13 billion yuan, and net profit attributable to the parent company rose 296.73 percent year on year to 822 million yuan.

Biwin Storage plans to sign a project cooperation agreement with the management committee of Dongguan Songshan Lake High-tech Industrial Development Zone to build the third phase of a wafer-level advanced packaging and testing manufacturing project, with a total investment of about 4.5 billion yuan, including 4 billion yuan in fixed asset investment. The company has previously disclosed investment matters for the first and second phases of the project. On the same day, Shanshan Co. plans to invest in building an integrated base project for Inner Mongolia Shanshan Technology with an annual output of 150,000 tons of lithium-ion battery anode materials, with a total investment of about 5.106 billion yuan. The project construction period is 17 months, with construction planned to start in March 2027 and completion in July 2028. Once completed, it will form an integrated production capacity of 150,000 tons of anode materials per year, along with 50,000 tons of graphitization capacity. Xingyun Technology recently signed three computing power service contracts with a state-owned supplier to purchase a total of 43 sets of GPU computing power services, each with a service term of five years. The total tax-inclusive amount of the three contracts is 453 million yuan, representing progress under an earlier framework procurement agreement for 128 sets. Aoni Electronics' wholly owned subsidiary Aoni Intelligence signed a procurement contract with Company A to purchase GPU computing power card products, with a total contract amount of 1.67 billion yuan including tax. Putailai's controlling shareholder, Guangdong Green Investment Operation Co., Ltd., plans to increase its shareholding in the company within six months starting from September 22, with an amount of no less than 25 million yuan and no more than 48 million yuan.

Shanshan Co., Ltd. released its 2026 interim report. Total operating revenue was 12.13 billion yuan, up 23.04% year-on-year. Net profit attributable to the parent company was 822 million yuan, a sharp year-on-year increase of 296.73%. Net cash inflow from operating activities was 835 million yuan. The asset-liability ratio was 48.53%, gross margin was 20.09%, return on equity was 3.58%, and diluted earnings per share was 0.39 yuan. The company had 208,100 shareholders, and the top ten shareholders held 29.75% of total share capital.

Shanshan Co. released its 2026 semi-annual report, achieving operating revenue of 12.13 billion yuan, up 23.04% year-on-year; net profit attributable to shareholders of the listed company was 822 million yuan, up 296.73% year-on-year. Among this, second-quarter net profit was 491 million yuan, up 48% quarter-on-quarter, while the company's previously forecast range was 419 million to 569 million yuan.

Shanshan Shares has officially changed hands to Anhui state capital, with Zhu Shengli elected as the new chairman and all members of the Zheng family stepping down from the board. The company's twelfth board of directors elected Zhu Shengli as chairman at its first meeting. He currently serves as deputy party secretary, director, and general manager of Anhui Conch Group, and previously served as vice mayor of Hefei and deputy director of the Anhui SASAC. All eleven new directors were nominated by the controlling shareholder Wanwei Group. Former chairwoman Zhou Ting, former vice chairman Zheng Ju, and other Zheng family members are no longer serving. Wanwei Group is a wholly owned enterprise of the Anhui SASAC. Conch Group plans to inject nearly 5 billion yuan in cash to acquire a 60 percent stake in Wanwei Group. Upon completion of the restructuring, Conch Group will become the indirect controlling shareholder of Shanshan Shares. Shanshan Shares currently has two core businesses: anode materials and polarizers. It expects semi-annual net profit attributable to the parent company of 750 million to 900 million yuan, representing year-on-year growth of 262 percent to 334 percent.

Shanshan Shares announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 750 million and 900 million yuan, representing a year-on-year increase of 262% to 334%. The profit growth is mainly due to a significant year-on-year improvement in the operating performance of its core businesses. The combined net profit of its two main businesses, anode materials and polarizer films, is expected to be between 880 million and 950 million yuan, a substantial year-on-year increase. In addition, the operating performance of major investee companies accounted for under the equity method of long-term equity investments continued to improve year-on-year.

On the evening of July 12, multiple listed companies on the Shanghai and Shenzhen exchanges released important announcements. StarNeto clarified that its satellite communication business is unrelated to the breakthrough in sea recovery technology for the Long March 10B carrier rocket, and that revenue from new businesses such as the low-altitude economy accounts for less than 5%. Zhezhong Co., Ltd. cautioned that there is uncertainty in converting new orders signed in 2026 into revenue, and that revenue from its main business of complete switchgear has continued to decline. Juli Sling was fined 4.5 million yuan by the Hebei Securities Regulatory Bureau for misleading statements on an interactive platform. The controlling shareholder of Western Region Gold, Xinjiang Nonferrous Metals, plans to merge entirely with Xinjiang Geology and Mining Investment Group, with the actual controller remaining unchanged. In terms of earnings, Yuehai Feed's net profit for the first half of the year is expected to increase by 965.92% to 1302.52%, Ningbo Fubon is expected to increase by 416.54% to 519.85%, Shanshan Co., Ltd. is expected to increase by 262% to 334%, Sanyou Chemical is expected to increase by about 129%, Yalian Machinery's flash report shows net profit growth of 60.06%, Shengnuo Bio is expected to increase by 43.23% to 64.79%, and both Rundu Pharma and China Satellite are expected to turn losses into profits year-on-year. In addition, Taikang Life Insurance plans to reduce its stake in Guoke Hengtai by no more than 3%, and Hengtong Co., Ltd. plans to invest in a digital smart industrial park in Indonesia, with a planned investment of no more than 2 billion yuan.

On the evening of July 12, several A-share listed companies disclosed earnings forecasts, sharply raising their first-half performance estimates. Ningbo Fubang expects net profit of 50 million to 60 million yuan, up 416.54% to 519.85% year-on-year, with its core business having shifted to the production and sale of electrical contact materials. Shanshan Co. expects net profit of 750 million to 900 million yuan, up 262% to 334% year-on-year, with its two main businesses, anode materials and polarizer operations, together expected to achieve net profit of 880 million to 950 million yuan. Yuehai Feed expects net profit of 38 million to 50 million yuan, up 965.92% to 1,302.52% year-on-year. In addition, Sanyou Chemical's net profit is expected to rise about 129% year-on-year, Shengnuo Bio's net profit is expected to rise 43.23% to 64.79% year-on-year, and both China Satellite and Rundu Pharma expect to turn losses into profits year-on-year. Yalian Machinery disclosed a performance flash report, with first-half revenue of 515 million yuan, up 36.93% year-on-year, and net profit of 157 million yuan, up 60.06% year-on-year.

Yongdong Shares said during an institutional survey on the evening of July 2 that its needle coke production unit is maintaining stable operation at full capacity, with strong downstream demand. The company restarted all needle coke pretreatment and delayed coking lines in January 2026 and has now deeply tied up with leading domestic lithium battery anode material companies such as Shanshan, Shangtai Technology, Xiangfenghua, and Zhongke Xingcheng. Meanwhile, construction of the 200,000 tonnes per year anthracene oil deep processing project is accelerating, with main facilities expected to be completed by the end of 2026. After commissioning, it will produce 190,000 tonnes of decrystallized anthracene oil, 5,000 tonnes of anthraquinone, and 2,000 tonnes of carbazole. The company is also advancing a 50,000-tonne wash oil deep processing project and building core technology barriers in high-end conductive carbon black based on multiple invention patents.