Jiangxi Jiangnan New Material

On the evening of August 4, several listed companies disclosed significant announcements. Jiangnan New Materials plans to issue shares to no more than 35 specific investors, raising total funds not exceeding 1.6 billion yuan, for a high-purity electronic-grade copper oxide powder construction project and a liquid cooling module and accessories construction project. Bee Assistant's wholly-owned subsidiary, Ya'an Cloud Computing, signed a computing power server procurement agreement with a total value of 3,062,452,800 yuan, and also signed a computing power service contract with Company B worth a total of 4,608,000,000 yuan. The service period runs from August 5, 2026 to August 4, 2031, with an expected average annual net profit of 60 to 72 million yuan. Hangya Technology expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between 50 million and 55 million yuan, a year-on-year decrease of 10.15% to 18.32%, but second-quarter net profit increased by 49.56% to 74.51% quarter-on-quarter. Xiechuang Data and its subsidiaries plan to use their own funds, with a maximum total balance not exceeding 7 billion yuan, for entrusted wealth management, of which no more than 6 billion yuan will be used for agreement deposits. In addition, Changjiang Securities plans to repurchase shares at a price not exceeding 14.01 yuan per share, with a repurchase amount of no less than 100 million yuan and no more than 200 million yuan, for employee stock ownership plans or equity incentives.

On the evening of August 4, multiple listed companies released positive announcements. Fengzhushou's wholly-owned subsidiary, Ya'an Yunsuan, signed a server procurement agreement for computing power worth a total of 3.062 billion yuan, and signed a computing power service contract with Company B worth a total of 4.608 billion yuan, with a five-year cooperation period and an estimated average annual net profit of 60 million to 72 million yuan. Zhongfu Industrial disclosed its semi-annual report, with first-half net profit of 1.881 billion yuan, up 165.84% year-on-year, mainly benefiting from rising aluminum prices and increased sales of aluminum processed products. A subsidiary of Dajin Heavy Industry signed a contract with a Norwegian shipowner to build two bulk carriers, with a total value of about 1 billion yuan, to be delivered in batches by 2029. Meili Technology plans a private placement to raise no more than 585 million yuan for projects including an annual output of 2 million intelligent suspension units and 10 million electric and hydraulic drive elastic components. Jiangnan New Materials plans a private placement to raise no more than 1.6 billion yuan for the construction of high-purity electronic-grade copper oxide powder and liquid cooling heat dissipation module projects. Nord New Materials stated that monthly production scheduling of lithium battery copper foil continues to rise, and a second round of price adjustments is expected to be implemented in the third quarter. Zhongke Sanhuan is planning to acquire a controlling stake in Zhongdian Magnetic Acoustics, a manufacturer of rare earth permanent magnet devices. Zhidongli plans to invest about 300 million yuan in the industrialization of electronic specialty materials for optical communications, computing power thermal control, and ITO applications.

The People's Bank of China announced it will conduct a 500 billion yuan outright reverse repo operation on August 5, with a term of three months, to maintain ample liquidity in the banking system. Wanhua Chemical disclosed that its 1.1 million ton per year MDI unit at the Yantai industrial park will shut down for maintenance starting August 10 for about 45 days, as part of routine annual maintenance. The State Post Bureau has launched an investigation into STO Express for inadequate safety production management of its franchisees. In addition, Lianchuang Optoelectronics and its actual controller Wu Rui have been placed under investigation by the China Securities Regulatory Commission for allegedly failing to disclose non-operating fund transactions as required. Zhongke Sanhuan plans to acquire a controlling stake in Ningbo Zhongdian Magnetic Acoustics Electronics, and Jiangnan New Materials plans to raise no more than 1.6 billion yuan through a private placement for high-purity electronic-grade copper oxide powder and liquid cooling heat dissipation module projects.

Jiangnan New Materials disclosed its earnings forecast, expecting net profit attributable to the parent company for the first half of 2026 to be between 160 million and 175 million yuan, a year-on-year increase of 51.53% to 65.74%. Deducted non-recurring net profit is expected to be between 145 million and 160 million yuan, a year-on-year increase of 55.63% to 71.78%. The company stated that the profit growth is mainly driven by the booming AI computing power industry, which has boosted demand in areas such as high-end PCBs and server liquid cooling, leading to a rapid increase in market demand for its main products, along with continuous optimization and upgrading of its product mix.