GigaDevice Semiconductor(Beiji

On August 29, five companies disclosed private placement plans. Among them, Haixing Electronics plans to issue shares non-publicly to no more than 35 qualified investors, expecting to raise 2.1 billion yuan for projects including high-performance corrosion foil for automotive solid-liquid hybrid use. Dingsheng New Materials expects to raise 1.216 billion yuan. Xiaosong Holdings plans to issue up to 85 million shares to its controlling shareholder and others, expecting to raise 550 million yuan. According to DataBao statistics, 31 stocks will unlock next week, with a total unlocked market value exceeding 17.8 billion yuan. Among them, Aerospace Intelligent Manufacturing has an unlocked market value of 6.053 billion yuan, with the highest unlock ratio reaching 54.74 percent. Honghe Technology has an unlocked market value of 3.46 billion yuan. Among next week's unlocking stocks, Chipscreen Biosciences and Aladdin have received institutional research. GigaDevice's net profit attributable to the parent company in the first half of the year was 6.857 billion yuan, a year-on-year increase of 1091.50 percent.

GigaDevice announced plans to repurchase its A-shares for no less than 1 billion yuan and no more than 2 billion yuan, at a price not exceeding 750 yuan per share. All repurchased shares will be cancelled to reduce registered capital. Pop Mart reported first-half 2026 revenue of 17.173 billion yuan, up 23.8 percent year on year, with profit attributable to owners of the company of 5.038 billion yuan, up 10.1 percent year on year. Chairman Wang Ning said at the results briefing that the company will launch a buyback plan of no less than 2 billion yuan and no more than 5 billion yuan within the next six months, and added that operating pressure in the second half will be greater than in the first half. China Ping An posted first-half net profit attributable to the parent of 92.585 billion yuan, up 36.1 percent year on year. CITIC Securities reported first-half net profit attributable to the parent of 23.343 billion yuan, up 69.6 percent year on year, and plans to pay a cash dividend of 4.27 yuan per 10 shares. Alibaba's revenue for the first quarter of fiscal 2027 was 268.95 billion yuan, up 9 percent year on year, while operating profit was 15.161 billion yuan, down 57 percent year on year.

GigaDevice released its 2026 interim report, with net profit attributable to the parent company of 6.857 billion yuan, up 1091.50% from the same period last year. Total operating revenue was 11.566 billion yuan, up 178.67% year-on-year, achieving three consecutive years of growth. Net cash inflow from operating activities was 6.048 billion yuan, up 531.47% year-on-year. The company's latest gross margin was 63.13%, an increase of 25.92 percentage points from the same period last year, achieving four consecutive quarters of growth. Diluted earnings per share were 9.83 yuan, up 1029.89% year-on-year.

On the evening of August 18, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Shenzhen Sunxing's wholly-owned subsidiary plans to invest in a high-end aluminum-based new materials project, with a planned capacity of 100,000 tons of high-end aluminum-based new materials and a first-phase investment of 400 million yuan to build an annual production line of 20,000 tons for demonstration. Luopu Skin plans to acquire a 51% stake in Mengying Technology to enter the equipment manufacturing sector. Jintian Copper is planning to spin off its controlling subsidiary Ketian Magnetics for listing. Yabang Chemical plans to publicly list and transfer 100% equity and creditor's rights of Daobo Chemical. In terms of performance, GigaDevice's net profit in the first half of the year was 6.857 billion yuan, up 1091.5% year-on-year; Puya Semiconductor's net profit attributable to the parent was 827 million yuan, up 1929.65%; Bluetrum's net profit was 480 million yuan, up 265.77%; Zhuzhou Smelter Group's net profit was 1.948 billion yuan, up 232.75%; Shandong Fiberglass's net profit was 29.2277 million yuan, up 234.89%; Yunhan Core City's net profit grew 207.69% year-on-year; Tunan Co., Ltd.'s net profit grew 167.92%; Tianshan Aluminum's net profit was 4.177 billion yuan, up 100.44%; China Securities's net profit was 7.639 billion yuan, up 69.44%; Haohua Energy's net profit grew 66.14%; Xingtong Co., Ltd.'s net profit grew 57.11%; Hengda New Materials' net profit grew 57.29%; Tianfu Communication's net profit grew 33.92%; Railway Track's net profit grew 32.38%; Guotai Haitong's net profit grew 28.74%; Huiquan Beer's net profit grew 23.26%; Jintian Copper's net profit grew 18.44%; Tibet Summit's net profit grew 18.03%; Focus Media's net profit grew 17.39%; Tebao Bio's net profit grew 11.37%; Jiangsu Financial Leasing's net profit grew 9.27%; Bank of Nanjing's net profit attributable to the parent was 13.65 billion yuan, up 8.17%; Rewei Co., Ltd.'s net profit grew 1.76%. China Unicom's net profit was 4.139 billion yuan, down 34.8% year-on-year; Huaneng Power International's net profit was 6.586 billion yuan, down 28.89%; Fuyao Glass's net profit was 3.97 billion yuan, down 17.37%; Shangtai Technology's net profit was 400 million yuan, down 16.6%; Shede Spirits' net profit was 145 million yuan, down 67.26%; Leyard's net profit was 69.1521 million yuan, down 59.74%; Zhongnan Culture's net profit was 30.587 million yuan, down 49.85%; Sunong Agricultural Development's net profit fell 32.48% year-on-year; H&T's net profit was 240 million yuan, down 32.23%; Guoguang Co., Ltd.'s net profit fell 20.39%; Jiahua Co., Ltd.'s net profit fell 9.03%; Tubao's net profit fell 7.67%; Hangmin Co., Ltd.'s net profit was 300 million yuan, down 4.59%. In terms of shareholding changes, Kangmeite shareholder Suzhou Yixing Tianxia plans to reduce its stake by no more than 1%; Jieya Co., Ltd.'s Mingyuan Fund and its concert parties plan to reduce their combined stake by no more than 4.99%; Espressif Systems' actual controller proposed a share buyback of 100 million to 200 million yuan; Huiyun Titanium obtained special financing support of no more than 22 million yuan for share repurchase. In terms of major contracts, Yakang Co., Ltd.'s subsidiary signed a computing power service procurement contract worth 868 million yuan; Hanhe Cable won a bid of about 717 million yuan for a China Southern Power Grid project; Beijing Creative Distribution Automation won a bid of about 304 million yuan for a China Southern Power Grid project; Dongwei Technology signed a sales contract worth 163 million yuan; PowerChina's newly signed contract value in the first seven months was 640.456 billion yuan, down 13% year-on-year.

Today, July 31, all three major stock indices rose. Total market turnover reached 2.56 trillion yuan, an increase of 201.5 billion yuan from the previous trading day. At the close, more than 4,600 stocks advanced, with 101 hitting the daily limit up. This week, the Shanghai Composite Index gained 0.47 percent, the Shenzhen Component Index fell 1.42 percent, and the ChiNext Index dropped 3.93 percent. Over 4,000 stocks posted weekly gains, with 113 rising 20 percent or more. Chuanzhi Education led with a weekly surge of 61.06 percent. According to Dragon and Tiger list data, institutional seats net bought 85 stocks this week. Eoptolink Technology saw net institutional buying of 1.633 billion yuan, the highest among all stocks. In evening announcements, GigaDevice plans to repurchase shares worth 1 billion to 2 billion yuan for cancellation, while Tianli Energy announced that the company, its controlling shareholder, and actual controller have received a case filing notice from the China Securities Regulatory Commission.

On the evening of July 31, several listed companies on the Shanghai and Shenzhen stock exchanges issued important positive announcements. Mentech Optical & Magnetic plans to issue shares to specific investors to raise no more than 1.283 billion yuan for projects including intelligent manufacturing of high-speed optical modules. Hongqiao Holdings plans a private placement to raise up to 12 billion yuan for wind power, photovoltaic, and aluminum deep processing projects. GigaDevice plans to repurchase shares worth 1 billion to 2 billion yuan and cancel them to reduce registered capital. Fullhan Microelectronics expects its net profit attributable to the parent company in the first half of 2026 to increase by 1,072.72% to 1,420.19% year-on-year. China National Nuclear Power's Liaoning Zhuanghe nuclear power project Units 1 and 2, and Zhejiang Jinqimen nuclear power project Units 3 and 4, have been approved by the State Council executive meeting. In addition, Southern Network Technology plans to acquire 100% equity of Yueneng Power for 445 million yuan, Shanghai Shineway plans to invest in the industrialization project of solid-liquid hybrid battery cells and solid electrolyte powder, and Inventronics announced that starting September 1, prices of some products will be raised by about 5% to 15% overall.

GigaDevice announced plans to use its own funds and self-raised capital to buy back shares worth no less than 1 billion yuan and no more than 2 billion yuan, all to be cancelled to reduce registered capital, with a buyback price not exceeding 750 yuan per share. Chairman Zhu Yiming had previously proposed the buyback plan and intends to increase his holdings of company shares from December 13, 2026 to July 29, 2027, with the increase amounting to no less than 1 billion yuan. As of March 31, 2026, the company's total assets stood at 27.774 billion yuan, with monetary funds of 14.694 billion yuan. The maximum buyback amount of 2 billion yuan accounts for approximately 7.91 percent of net assets. The company stated that niche DRAM prices continue to rise due to supply shortages and are expected to fluctuate at high levels in 2027. Its self-developed LPDDR4 new product is about to enter mass production, and it is also laying out the development of next-generation LPDDR5.

GigaDevice chairman Zhu Yiming has proposed a 1 to 2 billion yuan buyback of the company's A-shares, with all repurchased shares to be cancelled and registered capital reduced. Zhu also pledged not to reduce his holdings in the next 12 months and plans to increase his stake by no less than 1 billion yuan between 13 December 2026 and 29 July 2027. Hengrui Medicine's self-developed Shudi insulin injection, China's first long-acting insulin analogue, has been approved for marketing to treat adult type 2 diabetes. Xingyun Technology's wholly owned subsidiary Shenzhen Xingyun signed a supplementary agreement with a VB client, increasing the number of computing power service units from 128 to 256, with the total tax-inclusive amount adjusted from 1.014 billion yuan to 3.053 billion yuan, a 201.14% increase over the original contract. Yitian Intelligent's wholly owned subsidiary Gansu Yisuan signed a 1.106 billion yuan computing power resource service contract with client Y Company, with a service period of 60 months, representing over 100% of the company's audited main business revenue for the most recent fiscal year. Haoneng Technology plans to invest 1 billion yuan to build a production base for robot joint reducers, with an annual capacity of 5 million units upon completion. A consortium led by United Science and Technology won the bid for the CBTC signalling system localisation retrofit project for Shenyang Metro Line 2, with a contract value of 243 million yuan.

On the evening of July 29, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Tianzhihang plans to acquire a 62% stake in Shanghai Minimally Invasive Orthopaedics Medical Technology Co., Ltd. through a share issuance and raise supporting funds, with trading in its shares resuming on July 30. GigaDevice Chairman Zhu Yiming proposed a share buyback of 1 to 2 billion yuan for cancellation, and also plans to increase his holdings in the company by no less than 1 billion yuan. Entive Smart Kitchen's wholly-owned subsidiary Gansu Yisuan signed a computing power resource service contract worth 1.106 billion yuan, while Yongding Co.'s controlling subsidiary Suzhou Dingxin Optoelectronics signed an order for high-power laser chips worth approximately 1.133 billion yuan. Western Mining disclosed its half-year report, with net profit for the first half reaching 4.169 billion yuan, up 123% year-on-year. In addition, companies such as Lianchuang Electronics and Jiayun Technology are set to see changes in their actual controllers, and Hua Wen will have its delisting risk warning removed starting July 31.

Tianzhihang is planning to acquire a 62% stake in Shanghai Minimally Invasive Orthopedics Medical Technology Co., Ltd. through a share issuance, along with raising supporting funds, which is expected to constitute a major asset restructuring. Trading in the company's shares will resume on July 30. Jianghuai Micro is set to acquire a 15.50% stake in its holding subsidiary, Jiangyin Jianghuai Fuxin Electronic Materials Co., Ltd., for 1.5024 million yuan, after which it will hold 100% equity. Zhongke Tongda shareholder Wuhan Optics Valley Growth Venture Capital Fund plans to reduce its holdings by no more than 3.4911 million shares, representing no more than 3.00% of total share capital. Hunan Haili's controlling shareholder, Haili Group, increased its holdings by 1.6177 million shares, raising its stake from 23.71% to 24.00%, with the equity change hitting a 1% integer multiple. GigaDevice's actual controller, Zhu Yiming, plans to increase his holdings in the company from December 13, 2026, to July 29, 2027, with the increase amounting to no less than 1 billion yuan. Western Mining reported a first-half net profit attributable to the parent of 4.169 billion yuan, up 123% year-on-year; Chengtun Mining reported a first-half net profit attributable to the parent of 1.804 billion yuan, up 71.37% year-on-year; Hongfa Technology reported a first-half net profit attributable to the parent of 1.156 billion yuan, up 19.89% year-on-year. AsiaInfo Security's holding subsidiary, AsiaInfo China, had bank account funds of 151 million yuan frozen, accounting for 8.71% of the company's latest audited net assets. Bio-chem Technology shareholder Guangyao Zhixin had 37.59 million company shares frozen. Century Huatong shareholders Yaoquru, Yiqusheng, Jiyufan, and Huatong Holdings were ordered by the Zhejiang Securities Regulatory Bureau to take corrective measures and had the matter recorded in their integrity files for failing to fulfill 2020 performance commitment compensation obligations. In response to a Shanghai Stock Exchange annual report inquiry, Yunzhong Technology disclosed that its MLCC business had on-hand orders at the end of June 2026 that surged 831.50% compared to the end of December 2025, but the business remains in a loss-making state. In 2025, its operating revenue was 60.1524 million yuan, accounting for 10.68% of the company's total operating revenue, with products mainly used in the consumer electronics sector and not yet applied in AI computing servers.

Tinavi Medical announced plans to acquire a 62% stake in Shanghai Orthopaedics, expected to constitute a major asset restructuring, with trading in its shares to resume tomorrow. Yongding Co.'s controlling subsidiary has received purchase orders for high-power laser chip products worth approximately 1.133 billion yuan over the past month. Xingyun Technology's wholly-owned subsidiary has signed a supplementary agreement for computing power services, increasing the contract value to 3.053 billion yuan, up 201.14% from the original agreement. Jiayun Technology shareholder Ruineng Co. plans to acquire an 18.31% stake through a negotiated transfer, and trading in the shares will resume. Lianchuang Electronics' controlling shareholder is set to change to Shouxian Xinqiao, and trading in the shares will resume. GigaDevice Chairman Zhu Yiming has proposed a buyback of A-shares worth between 1 billion and 2 billion yuan for cancellation, and plans to increase his holdings by no less than 1 billion yuan. Sinosun Technology is planning a change of control, and trading in its shares has been suspended. Zijin Mining's controlling subsidiary has terminated its acquisition of Union Gold and plans to subscribe for a 9.2% stake in the company. Huawen Media has had its delisting risk warning removed but will continue to be subject to other risk warnings, with its stock abbreviation changed to ST Huawen. Hailiang Co.'s controlling shareholder has received a commitment letter for an 860 million yuan shareholding increase loan. Huajin Co. Vice General Manager Yan Zenghui has been placed under investigation and subjected to detention measures. Hengrui Medicine's insulin degludec injection has been approved for marketing for the treatment of type 2 diabetes in adults, making it the first domestically developed long-acting insulin analogue in China.

GigaDevice Chairman Zhu Yiming has proposed that the company repurchase A-shares through centralized bidding, with a total amount of no less than 1 billion yuan and no more than 2 billion yuan. After the buyback, the shares will be cancelled in accordance with the law and the registered capital will be reduced. At the same time, Zhu Yiming plans to increase his holdings in the company from December 13, 2026 to July 29, 2027, with an increase amount of no less than 1 billion yuan. Shanghai Guangdian Electric plans to repurchase shares with 100 million to 200 million yuan for an employee stock ownership plan or equity incentives, with a buyback price not exceeding 4.2 yuan per share. Shanghai Phoenix plans to repurchase B-shares with 117 million to 195 million yuan for cancellation, with a buyback price not exceeding 0.575 US dollars per share. The actual controller of ArcSoft has proposed to repurchase shares with 100 million to 150 million yuan for an employee stock ownership plan or equity incentives. In addition, several companies including Xingqi Pharmaceutical, Wondfo Biotech, Rijiu Optoelectronics, Anfu Technology, and Shichuang Energy have collectively disclosed the progress of their first buybacks. Among them, Xingqi Pharmaceutical repurchased 460,200 shares for the first time, paying a total of 18.2997 million yuan; Rijiu Optoelectronics repurchased 2.8 million shares for the first time, paying a total of 29.5839 million yuan.

On the evening of July 21, multiple listed companies on the Shanghai and Shenzhen exchanges released significant positive announcements. GigaDevice plans to use 500 million yuan of A-share raised funds to increase capital in its wholly-owned subsidiary Zhuhai Xincun, in order to implement a DRAM fundraising project. After the capital increase, Zhuhai Xincun's registered capital will change from 150 million yuan to 200 million yuan. The chairman of G-bits proposed a cash dividend of 100 yuan for every 10 shares for the first half of 2026. JinkoSolar will change the purpose of 29.7213 million repurchased shares from equity incentives to cancellation and reduction of registered capital. A controlled subsidiary of Lianchuang Co. plans to invest approximately 550 million yuan to build a project with an annual output of 12,000 tons of VDF and supporting industrial chain products. Huaqin Technology expects its annual revenue from super-node products alone to exceed 10 billion yuan. Yuanjie Technology expects net profit for the first half of the year to be between 600 million and 650 million yuan, a year-on-year increase of 1,196.91% to 1,304.98%. Zhongyi Technology expects net profit for the first half of the year to be between 150 million and 180 million yuan, a year-on-year increase of 879.55% to 1,075.46%. The chairman of Sungrow Power proposed a share buyback of 500 million to 1 billion yuan. The controlling shareholder of Weichai Power plans to increase its holdings of the company's A-shares by 200 million to 400 million yuan. A wholly-owned subsidiary of Kanghui Co. signed a computing power service contract, with an estimated total value of 415 million to 679 million yuan. Wuzhou Medical plans to acquire 100% equity of Xuanzhi Technology through the issuance of shares and cash payment, entering the motor control chip sector. The company's shares will resume trading on July 22. A concert party of a shareholder holding more than 5% of Dongwang Times increased its total holdings in the company by 1.08%.

Gbit Chairman Lu Hongyan has proposed formulating a 2026 semi-annual dividend plan, intending to distribute a cash dividend of 100 yuan per 10 shares, tax included, to all shareholders based on the total share capital after deducting shares in the repurchase account. Wuzhou Medical plans to acquire 100% equity of Xuanzhi Electronic Technology Shanghai Company Limited through a combination of share issuance and cash payment, entering the motor control chip sector; the company's shares will resume trading on July 22. GigaDevice plans to use 500 million yuan of A-share raised funds to increase capital in its wholly-owned subsidiary Zhuhai Hengqin Xincun Semiconductor Company Limited to implement a DRAM fundraising project. Several companies have released semi-annual performance forecasts: Yuanjie Technology expects net profit attributable to the parent company to increase by 1196.91% to 1304.98% year-on-year; Zhongyi Technology expects an increase of 879.55% to 1075.46%; and Feinan Resources expects an increase of 245.36% to 314.43%. SF Holding has completed its 2025 first-phase A-share buyback plan, repurchasing a total of 160 million shares with a total transaction amount of approximately 5.999 billion yuan. Sungrow Power's chairman has proposed a share buyback of 500 million to 1 billion yuan; Putailai plans to buy back shares worth 200 million to 300 million yuan; and Wolong Electric's chairman has proposed a buyback of 50 million to 100 million yuan. China Vanke's largest shareholder, Shenzhen Metro Group, has provided the company with a loan of up to 519 million yuan. Titan Wind Energy's wholly-owned subsidiary has received an order from an international shipowner for two plus two crude oil tankers, with a total contract value of approximately 1.874 billion yuan. ST Dongjing has had its delisting risk warning removed, and its stock abbreviation will change to Dongjing Electronics starting July 23.

GF Lixin Mixed A disclosed its 2026 second-quarter report, with a second-quarter fund profit of 325 million yuan and a net value growth rate reaching 73.41%. As of the end of the second quarter, the fund size was 770 million yuan. The fund is a flexible allocation fund. Fund manager Duan Tao stated in the quarterly report that in the second quarter, the fund moderately balanced its allocation in the computing-power coordination direction, optimized some holdings related to power shortages in North America, focused on increasing positions in gas turbine manufacturers, reduced positions in other areas, and switched to targets in the computing power sector with better valuation cost-effectiveness and accelerating prosperity. As of July 17, the fund's one-year cumulative unit net value growth rate was 54.95%, its three-year Sharpe ratio was 0.4062, and its three-year maximum drawdown was 30.91%. The top ten heavy-weight holdings at the end of the second quarter included Shen Gong Co., Ltd., Puya Semiconductor, and GigaDevice.

Mid-year earnings previews from AI supply chain companies continue to roll out. A-share memory leader GigaDevice expects first-half net profit attributable to the parent of approximately 6.9 billion yuan, a year-on-year increase of about 1,099 percent, exceeding full-year forecasts from multiple brokerages. The company said the memory chip industry is experiencing tight supply, with both volume and prices rising, while microcontroller shipments also achieved solid growth. Additionally, fair value gains from securities investments increased significantly. Foxconn Industrial Internet expects first-half net profit attributable to the parent of 23.4 billion to 24.4 billion yuan, up 93 to 101 percent year-on-year, marking the first time half-year net profit has exceeded 20 billion yuan. AI server revenue surged over 230 percent year-on-year. Meanwhile, niche leaders such as Han's CNC, Dinglong, and Allwinner Technology also issued positive previews. However, Feilong Auto's liquid cooling business still accounts for a low share of revenue, and Suzhou Keda's new AI business remains in the investment phase, weighing on performance.

GigaDevice has released its half-year performance forecast, estimating net profit attributable to shareholders of the listed company for the first half of 2026 at approximately 6.9 billion yuan, a year-on-year increase of about 1,099 percent, mainly driven by tight supply in the memory chip industry, with both volume and price of the company's memory chip products rising, and microcontroller product shipments also achieving good growth. Foxconn Industrial Internet expects first-half net profit of 23.4 billion to 24.4 billion yuan, up 93 to 101 percent year-on-year, with shipments of data center switches of 800G and above growing 1.4 times year-on-year. Western Mining expects first-half net profit of 4 billion to 4.3 billion yuan, up 114 to 130 percent year-on-year, as prices of copper, gold, and silver products rose compared with the same period last year. Sunwave Communications expects first-half net profit of 40 million to 55 million yuan, up 1,428.58 to 2,001.80 percent year-on-year, with internet business revenue achieving growth. Han's Laser expects first-half net profit of 1.25 billion to 1.35 billion yuan, up 156.07 to 176.55 percent year-on-year, with the revenue share of AI PCB solutions increasing. Tinci Materials expects first-half net profit of 2.7 billion to 3 billion yuan, up 907.84 to 1,019.82 percent year-on-year, with strong market demand for lithium-ion battery materials such as electrolyte and lithium hexafluorophosphate. Capchem expects first-half net profit of 970 million to 1.03 billion yuan, up 100.48 to 112.88 percent year-on-year, with the market share of core products in the electronic information chemicals business steadily increasing. Meichang New Materials expects first-half net profit of 295 million to 315 million yuan, up 248.45 to 272.08 percent year-on-year, with the shipment share of tungsten wire diamond wire increasing. Tianhua New Energy expects first-half net profit of 2.2 billion to 2.4 billion yuan, turning from a loss to a profit year-on-year, with both volume and price of lithium battery materials rising. Shenhuo Coal & Power expects first-half net profit of 4.8 billion yuan, up 152.04 percent year-on-year, with selling prices of electrolytic aluminum and coal products rising year-on-year. Feilong Auto Components expects first-half net profit of 68 million to 80 million yuan, down 61.98 to 67.69 percent year-on-year, affected by exchange rate fluctuations, intensified industry competition, and rising raw material prices. Dalian Insulator expects first-half net profit of 140 million to 180 million yuan, up 200.55 to 286.43 percent year-on-year, having completed product supply for key ultra-high voltage projects. Baotou Steel and Northern Rare Earth both adjusted the rare earth concentrate transaction price for the third quarter to 38,565 yuan per ton excluding tax, down 0.62 percent quarter-on-quarter. Caitong Securities expects first-half net profit of 1.84 billion to 1.95 billion yuan, up 70 to 80 percent year-on-year, with significant year-on-year growth in proprietary investment, wealth management, private equity investment, and investment banking businesses. Dinglong shares expects first-half net profit of 510 million to 540 million yuan, up 63.96 to 73.61 percent year-on-year, with major breakthroughs in the CMP polishing fluid and cleaning fluid business. Han's CNC expects first-half net profit of 900 million to 1 billion yuan, up 241.85 to 279.84 percent year-on-year, with the revenue share of AI PCB-related solutions significantly increasing. Zijin Mining expects first-half net profit of approximately 39.1 billion yuan, up about 68 percent year-on-year, with profits from rare and precious metals and other products increasing substantially year-on-year. Allwinner Technology expects first-half net profit of 475 million to 515 million yuan, up 194.73 to 219.55 percent year-on-year, with operating revenue increasing about 40 percent year-on-year. Enjie shares expects first-half net profit of 736 million to 900 million yuan, turning from a loss to a profit year-on-year, with production and sales of main products continuing to grow. Hongfuhan expects first-half net profit of 73 million to 83 million yuan, up 221.13 to 265.13 percent year-on-year, with the scale of heat dissipation and automation equipment business growing. Qianyuan Power expects first-half net profit of 220 million to 255 million yuan, up 73.01 to 100.54 percent year-on-year, with power generation increasing 26.10 percent year-on-year. Zhengbang Technology expects a first-half net loss of 700 million to 800 million yuan, turning from a profit to a loss year-on-year, with the average selling price of commercial pigs declining year-on-year. COSCO Shipping Specialized Carriers expects first-half net profit of 1.279 billion to 1.402 billion yuan, up 55 to 70 percent year-on-year, with demand for specialized vessels surging. Wynca expects first-half net profit of 240 million to 260 million yuan, up 247 to 276 percent year-on-year, with market selling prices of leading products rising. In addition, Azure intends to invest 290 million US dollars in Indonesia to build a 5 gigawatt-hour cylindrical lithium battery project, Tiansheng shares plans to establish a joint venture with Beijing Kangte Electronics to invest in a quartz crystal resonator project, Xinrui shares plans to acquire 80 percent equity of Huilian Electronics for 800 million yuan, Neusoft Corporation plans to repurchase shares for cancellation with 100 million to 200 million yuan, Datang Power plans to raise no more than 8 billion yuan for multiple power plant expansion projects, and Hangyu Technology has signed a long-term supply agreement for aero-engine rotating parts with an estimated total value of about 240 million yuan.

GigaDevice disclosed a positive profit forecast, expecting first-half net profit of approximately 6.9 billion yuan, up about 1099% year-on-year. The company expects revenue for the same period of around 11.5 billion yuan, up about 177% year-on-year, and non-recurring net profit of approximately 4.85 billion yuan, up about 791% year-on-year. The sharp increase in performance is mainly due to tight supply in the memory chip industry, with both volume and price of the company's memory chip products rising, and microcontroller shipments also achieving good growth, while fair value gains from securities investments increased significantly. Today the company's share price hit the daily limit up.

The State Council has issued the 15th Five‑Year Carbon Peaking Action Plan, laying out plans to speed up the construction of ultra‑high‑voltage long‑distance transmission corridors and adding more than 80 gigawatts of west‑to‑east power transmission capacity. The plan calls for enhancing the power system’s ability to absorb new energy, supporting direct green electricity supply models, and promoting the integrated development of generation, grid, load, and storage. China Galaxy Securities believes that strengthening investment in ultra‑high‑voltage and main grids is a key task for State Grid during the 15th Five‑Year Plan period. State Grid aims to bring 15 planned ultra‑high‑voltage direct‑current projects into operation as soon as possible, boosting inter‑provincial and inter‑regional transmission capacity by 35 percent. Among related companies, Hengtong Optic‑Electric continues to increase research and development investment in ultra‑high‑voltage transmission equipment, while Xinfengguang’s SVG products can significantly improve power distribution quality. In other news, the maiden flight window for the Long March 10B reusable rocket has been set for July 10 to 13. It will verify the world‑first offshore net‑capture recovery technology. If successful, China will become the second country to master large‑payload reusable rocket technology, potentially reducing per‑launch costs by more than 40 percent. Huawei, together with China Mobile Research Institute and over 20 industry chain partners, has launched the OPEN NPO project, initiating China’s first NPO optical interconnect multi‑source agreement to advance near‑package optics standard systems. On the earnings front, GigaDevice estimates its first‑half 2026 net profit at approximately 6.9 billion yuan, a year‑on‑year increase of around 1,099 percent. Foxconn Industrial Internet expects net profit between 23.4 billion and 24.4 billion yuan, up 93 to 101 percent. Western Mining forecasts net profit of 4 billion to 4.3 billion yuan, a rise of 114 to 130 percent.

On the evening of July 9, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements. Hengshang Energy Conservation, citing a significant short-term share price surge, issued a risk warning stating there is irrational speculation and the price could fall rapidly at any time, and disclosed plans to acquire a 100% stake in Jinsheng Electronics, but the target company's business has not ventured into high-value-added areas, and the company faces substantial acquisition integration risks. Three Gorges New Materials plans to jointly invest approximately 2.6 billion yuan with its indirect controlling shareholder to build a Lingang automotive and electronic glass project, with the company's investment no less than 1.04 billion yuan. Zhengbang Technology estimates that asset losses caused by Super Typhoon Maysak may exceed 10% of the company's audited 2025 net profit. Azure Lithium Core plans to invest 290 million US dollars to build a 5 gigawatt-hour cylindrical lithium battery manufacturing project in Indonesia. ST Huawen applied to revoke its delisting risk warning but will continue to implement other risk warnings. Clou Electronics plans to issue shares to its controlling shareholder Midea Group in a private placement to raise no more than 2.5 billion yuan, to repay interest-bearing debt and supplement working capital. ST Yinjiang, along with its controlling shareholder, has been placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure. Datang Power plans to raise no more than 8 billion yuan through a private placement for multiple power plant expansion and other projects. On the earnings front, GigaDevice expects its first-half net profit attributable to the parent company to be approximately 6.9 billion yuan, a year-on-year increase of about 1,099%, mainly due to rising volumes and prices of memory chip products. Foxconn Industrial Internet expects first-half net profit attributable to the parent company to be between 23.4 billion yuan and 24.4 billion yuan, a year-on-year increase of 93% to 101%, with revenue from AI servers for cloud service providers growing over 230% year-on-year. Zijin Mining expects first-half net profit attributable to the parent company to be approximately 39.1 billion yuan, a year-on-year increase of about 68%. In addition, several companies disclosed share increase or buyback plans: Qingmu Technology plans to buy back shares worth 20 million to 30 million yuan, Shenghang Co., Ltd.'s controlling shareholder plans to increase holdings by no more than 3.24% of total shares, and Bairun Co., Ltd.'s actual controller plans to increase holdings by 50 million to 100 million yuan. Aviation Technology signed a long-term supply agreement for aero-engine rotating parts worth approximately 240 million yuan, and Songjing Co., Ltd. signed a sales contract for battery cell insulation UV inkjet printing equipment worth approximately 30 million yuan.

Chinese equity markets closed sharply higher, with the CSI 300 Index rising 2.5 percent, its biggest single-day gain since April 8. The semiconductor stock index surged 8.8 percent, buoyed by the announcement that bookbuilding has begun for ChangXin Memory Technologies' Shanghai IPO. CXMT shareholder GigaDevice jumped 10 percent, Moore Threads climbed 14 percent, and the tech-heavy STAR 50 Index advanced 8.4 percent, its largest gain in nearly a year. In Hong Kong, however, the Hang Seng Index fell 0.7 percent and the Hang Seng China Enterprises Index dropped 1.08 percent, reversing earlier gains.

The State Council has issued the 15th Five-Year Carbon Peak Action Plan, proposing that by 2030, pumped-storage hydropower installed capacity will reach around 160 gigawatts, new-type energy storage installed capacity will strive to reach 300 gigawatts, the maximum regulation capacity of nationwide virtual power plants will exceed 50 gigawatts, and power demand response capability will reach over 5% of maximum electricity load. The plan also proposes that by 2030, the share of new energy vehicle ownership will strive to reach 30%, and the share of new energy commercial transport vehicles will reach 25%. Data released by the China Association of Automobile Manufacturers shows that in the first half of the year, new energy vehicle production and sales reached 7.438 million and 7.446 million units, up 6.7% and 7.3% year-on-year respectively. The China Securities Regulatory Commission has approved the registration of Shanghai Enflame Technology's initial public offering, and the company will list on the STAR Market. Zhejiang Meida announced plans for a change in control, and its shares will be suspended from trading starting on the 10th. Several companies released first-half performance forecasts, among which Sunwave Communications expects net profit to increase by 1,428.58% to 2,001.8% year-on-year, and GigaDevice expects net profit to increase by approximately 1,099% year-on-year.