Yuanjie Semiconductor Technology Co. Ltd. A

Yuanjie Technology released its 2026 interim report. The company's total operating revenue was 925 million yuan, net profit attributable to the parent company was 607 million yuan, and net cash inflow from operating activities was 488 million yuan. The company's latest asset-liability ratio was 20.06%, up 9.35 percentage points from the previous quarter and up 14.77 percentage points from the same period last year. Gross margin was 80.42%, return on equity was 19.32%, and diluted earnings per share was 4.89 yuan. Total asset turnover was 0.28 times, and inventory turnover was 1.06 times, ranking 92nd among disclosed peer companies. The number of shareholders was 26,500, and the top ten shareholders held 47.7998 million shares, accounting for 38.39% of the total share capital.

Zhili Fang disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 437 million yuan, up 37.73% year on year. Net profit attributable to the parent company was 46.35 million yuan, up 8.07% year on year. Non-GAAP net profit was 38.77 million yuan, up 15.77% year on year. The company's main businesses are semiconductor equipment and automation equipment for electronic products. First-half research and development spending was 45.77 million yuan, up 36.19% year on year, mainly focused on display and pan-semiconductor equipment such as MiniLED and Micro LED, optical communication semiconductor equipment, and IC die bonding and placement semiconductor equipment. In the semiconductor equipment segment, multiple products have broken foreign monopolies and achieved import substitution. First-half semiconductor equipment revenue was 172 million yuan, up 187.58% year on year, with gross margin up 9.84 percentage points year on year. The company has entered the supply chains of leading enterprises such as Yuanjie Technology, HiSilicon, Changguang Huaxin, and Zhongji Innolight. Going forward, it will continue to focus on the research, development, and industrialization of equipment for high-end application areas related to the AI industry chain, such as advanced semiconductor packaging.

The latest monitoring data from third-party institution PaiPaiWang shows that as of July 31, the number of ten-billion-yuan securities private funds reached 157, an increase of 15 from 142 in June, setting a new record high. The State Council has approved in principle the annual forest logging quotas for key forest areas during the 15th Five-Year Plan period, as compiled by the National Forestry and Grassland Administration. The international standard ISO 19991:2026, Fusion technology — Experimental magnetic confinement fusion facilities — Ultrasonic molecular beam injection fueling technology for fusion devices, led by China, has been officially published. Data from the Ministry of Industry and Information Technology shows that in the first half of 2026, China's internet and related service enterprises above designated size achieved over one trillion yuan in internet business revenue. On the corporate front, InventisBio and Merck have signed a cooperation agreement to jointly advance the clinical development of small-molecule drugs in the oncology field. Nanda Optoelectronics has six ArF photoresist products that have passed customer verification and achieved sales, with the current 50-ton capacity not yet fully utilized. Fullhan Microelectronics supplies chips to humanoid robot companies and industrial robot companies. Yuanjie Technology plans to invest approximately 4.268 billion yuan to build a semiconductor technology industrial park project, expanding the production scale of high-end laser chips. Pengling Technology has made phased progress in the liquid cooling field, with energy storage liquid cooling business already delivering, and preliminary cooperation intentions reached in computing center and server liquid cooling. Yaben Chemical plans to raise no more than 841 million yuan through a private placement for innovative pharmaceutical CDMO projects. New Beiyang has won a bid for a project from China Post worth approximately 110 million yuan. Longsys has obtained a commitment letter for a 720 million yuan special stock repurchase loan. On the capital front, on August 11, the main funds in the Shanghai and Shenzhen markets saw a net outflow of 39.872 billion yuan. The auto parts, engineering consulting services, and communication equipment sectors saw the largest net inflows. The new stock Ultra Pure Materials surged 662.24% on its first trading day. The Dragon and Tiger List shows that three institutional seats made a combined net purchase of 767 million yuan.

On the evening of August 11, several listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Foxconn Industrial Internet achieved a net profit attributable to shareholders of 23.74 billion yuan in the first half of 2026, a year-on-year surge of 96%, breaking through the 20 billion yuan mark for the first time. Revenue reached 557.86 billion yuan, up 54.6% year-on-year, both setting new historical highs. Within this, revenue from the cloud computing segment grew 75.7% year-on-year, and shipments of AI servers and networking products multiplied. Yuanjie Technology plans to invest approximately 4.268 billion yuan to build a production line for laser chips and other industrialization bases. Qiangrui Technology plans to raise no more than 1.05 billion yuan through a private placement for projects including precision liquid cooling components for AI servers and precision parts for high-end semiconductor equipment. Yaben Chemical plans to raise no more than 841 million yuan through a private placement for projects such as high-end pharmaceutical intermediates and active pharmaceutical ingredients. Nation Technologies announced that starting October 1, 2026, it will raise prices on some products by 10% to 20%. Longsys has obtained a commitment letter from China Construction Bank for a special stock buyback loan of no more than 720 million yuan. Huayang Group's Huizhou Dongxing factory expansion project for optical modules and liquid cooling heat dissipation components is about to go into production. Pengling Co. has made phased progress in the liquid cooling field, and its energy storage liquid cooling business has already achieved deliveries. Titanium Energy Chemical plans to have its wholly-owned subsidiary invest 5.462 billion yuan to build a project with an annual output of 600,000 tons of lithium iron phosphate and sodium iron phosphate precursors. Biwin Storage plans to repurchase shares worth 200 million to 250 million yuan for capital reduction, with a repurchase price not exceeding 468.24 yuan per share.

Yuanjie Technology announced plans to invest approximately 4.268 billion yuan in the construction of the Yuanjie Semiconductor Technology Industrial Park project. This is one of the major announcements this evening. In addition, New Beiyang won the bid for the mail processing center equipment procurement project. Keqian Bio plans to sign a cooperative research and development agreement with Huazhong Agricultural University. Baicheng Pharma's sitagliptin metformin extended-release tablets were selected in the national centralized drug procurement. Shuangliang Energy won the bid for a 339 million yuan air-cooling EPC project. Runbang Heavy Industry's subsidiary signed a sales contract for six live fish transport vessels with a total value of approximately 2.8 billion to 3.3 billion yuan. Holike's wholly-owned subsidiary plans to invest 50 million yuan to subscribe for fund shares. HNA Holding's controlling subsidiary plans to sell 80 percent equity in HNA Resources and Environment. Dongyangguang's controlling subsidiary plans to increase capital and expand shares to introduce investors. Yaben Chemical plans to raise no more than 841 million yuan through a private placement for a pilot project producing 35 tons of high-end pharmaceutical intermediates annually. Qiangrui Technology plans to raise no more than 1.05 billion yuan through a private placement for a high-end semiconductor equipment precision components production and manufacturing project.

Unitree Technology disclosed the online lottery results for its initial public offering, with a total of 19,414 winning numbers, each entitling the holder to subscribe for 500 A-shares. Yuanjie Technology plans to invest approximately 4.268 billion yuan in building a semiconductor technology industrial park to expand production capacity for high-end laser chips. Pengding Holdings released its semi-annual report, with second-quarter net profit up 77 percent quarter-on-quarter, and both AI server and optical module businesses achieving substantial growth. Foxconn Industrial Internet reported first-half net profit of 23.74 billion yuan, up 95.99 percent year-on-year, with AI server product shipments rising significantly. Runbang Corporation's subsidiary signed a sales contract for six live fish transport vessels, with a total value of approximately 2.8 billion to 3.3 billion yuan.

The STAR Composite Index ETF Huaxia rose 1.98%, while the Shanghai Stock Exchange STAR Composite Index climbed strongly by 1.89%. Among constituents, QingCloud Technologies hit the daily limit up, Shijia Photonics gained 10.26%, and Yuanjie Technology advanced 10.03%. In related news, data from the China Academy of Information and Communications Technology shows that domestic AI computing demand in the first quarter of 2026 jumped 417% year-on-year, while effective supply grew only 128%, further widening the supply-demand gap. The spot price for top-spec B300 has now exceeded 14.5 million yuan, and monthly rentals for H200 full systems have also risen, with high-end computing in short supply. Research institutions note that China's AI industry is moving from isolated breakthroughs to coordinated development across the entire industrial chain, and the domestic computing ecosystem is gradually transitioning from technical validation to large-scale deployment.

Yuanjie Technology plans to invest approximately 4.268 billion yuan to build the Yuanjie Semiconductor Technology Industrial Park project, creating an industrialization base including laser chip production lines and supporting facilities in Fengxi New City, Xixian New District, Shaanxi Province. Qiangrui Technology plans to raise no more than 1.05 billion yuan through a private placement, to be used for projects such as precision liquid cooling components for AI servers. The company achieved operating revenue of 1.374 billion yuan in the first half of the year, up 63.68 percent year-on-year, with net profit of 86.11 million yuan, up 56.83 percent. Foxconn Industrial Internet reported first-half operating revenue of 557.861 billion yuan, up 54.63 percent year-on-year, and net profit attributable to the parent of 23.74 billion yuan, up 95.99 percent. In addition, Shanghai released the 15th Five-Year Plan for the software and information services industry, promoting innovative applications of the digital yuan in scenarios such as the metaverse and supply chain finance, with companies like Hengbao and Jilin University Zhengyuan Information Technologies participating in related businesses.

Private equity research activity has remained brisk since July. As of July 29, a total of 664 private securities fund managers had researched 280 A-share stocks, making 1,469 visits in total. Among them, 58 funds managing over 10 billion yuan researched 125 stocks across 306 visits. The electronics sector was the focus, with private equity firms researching 64 stocks in the industry for a combined 543 visits, accounting for 37.37% of all private equity research visits. Among the billion-yuan funds, Panjing Investment led with 25 visits, followed by Springs Capital with 20 visits. Gaoyi Asset Management and Yuanxin Investment also ranked in the top ten. At the stock level, optical chip maker Yuanjie Technology was researched by 101 private equity firms, including 23 billion-yuan funds. Optical module leader Eoptolink was researched by 92 private equity firms, including 24 billion-yuan funds. In addition, Hikvision's earnings briefing attracted well-known private equity figures such as Qiu Guogen of Chongyang Investment, and Deng Xiaofeng and Feng Liu of Gaoyi Asset Management.

As of July 28, 70 STAR Market companies have previewed their first-half results, with 39 of them expecting median net profit growth to exceed 100 percent. A total of 59 companies reported positive earnings forecasts, accounting for 84.29 percent, including 46 with expected growth and 13 with expected profits. Oukeyi posted the highest projected net profit growth, with a median of 50,199.61 percent, followed by Biwin Storage and C Changxin at 3,310.87 percent and 2,394.11 percent respectively. By sector, companies with net profit growth above 50 percent are mainly concentrated in electronics, machinery and equipment, and pharmaceutical and biological industries. High-growth stocks have risen an average of 63.85 percent this year, with Yuanjie Technology leading with a cumulative gain of 232.52 percent, while Oulai New Materials and Oukeyi both surged over 200 percent.

Over the past week, STAR Market companies have been sending a flurry of positive signals. More than 30 companies announced new share buyback plans or progress updates, over 20 disclosed their 2026 half-year earnings forecasts with most reporting upbeat results, and several others signed major contracts or revealed R&D breakthroughs. The semiconductor supply chain is showing a cluster of strong performances. Puya Semiconductor expects first-half net profit attributable to the parent of about 825 million yuan, a more than 19-fold increase year-on-year. Dosilicon expects between 640 million and 680 million yuan, swinging from a loss to a profit. Yuanjie Technology expects net profit attributable to the parent of 600 million to 650 million yuan, up about 12-fold. Lianxun Instruments expects 510 million to 580 million yuan, up over 8-fold. Amlogic expects about 608 million yuan, up 22 percent. China Micro Semicon expects about 165 million yuan, up 91 percent, covering segments from memory and optical chips to SoCs. In biopharma, OPM Biosciences expects revenue of about 450 million yuan, up roughly 1.5 times, and net profit attributable to the parent of about 124 million yuan, up around 229 percent. In new energy and new materials, Minmetals New Energy and Oulai New Materials both expect to swing from losses to profits in net profit attributable to the parent. In the low-altitude economy, AVIC UAS expects revenue of 1.58 billion to 1.68 billion yuan, a more than 2.6-fold increase. On the buyback front, Montage Technology plans to repurchase 300 million to 600 million yuan worth of shares. Kingsoft Office has set a buyback cap of 500 million yuan and has already repurchased about 75 million yuan. Segway-Ninebot has cumulatively repurchased about 220 million yuan. Hoymiles Power Electronics' buyback ratio has exceeded 1 percent. Baimtec Material completed about 100 million yuan in buybacks using over-raised funds. Wasion Information completed 50 million yuan in buybacks. Controlling shareholders of Puya Semiconductor and Biwin Storage have proactively proposed buybacks. Market participants say the intensive buybacks and positive earnings forecasts reflect the growing quality of hard-tech companies and the accelerating release of industrial clustering effects.

A total of 125 A-share listed companies hosted institutional research visits this week, with Yuanjie Technology drawing the most attention, receiving 353 institutional visits. Robotechnik, Naipu Mining Machinery, and Furi Group also each received over 50 institutional visits. Yuanjie Technology executives disclosed during the visits that the company's CW products are mainly 70mW and 100mW, with higher-power products being upgraded. Second-quarter shipments are growing steadily, product prices are stable and demand is strong, and cooperation intentions have been confirmed with some module manufacturers and cloud service providers. The visit records show participation from hundreds of well-known institutions including CITIC Securities, E Fund Management, and the National Council for Social Security Fund. According to the company's semi-annual performance forecast for 2026, first-half revenue is expected to reach 900 million to 950 million yuan, a year-on-year increase of 339.13% to 363.53%, with net profit attributable to shareholders of 600 million to 650 million yuan, surging 1196.91% to 1304.98%, mainly driven by a significant increase in data center business revenue boosting overall gross margin. The semiconductor sector remained hot this week, with industrial machinery, electronic components, electronic equipment and instruments, and integrated circuits drawing high institutional attention.

Yuanjie Technology released an investor relations activity record announcement, stating that the company's CW light source products are mainly 70mW and 100mW, and are continuously being upgraded to higher power. The company has confirmed cooperation intentions with some module manufacturers and CSP manufacturers. Currently, product prices are stable and demand is strong. Capacity expansion mainly depends on the pace of equipment arrival, and the company has planned ahead based on customer demand. The US factory is still under construction.

In the past two days, 20 Shanghai-listed companies have added buyback and shareholding increase plans. Among them, 17 companies added buyback plans, with a combined proposed buyback amount cap of 2.196 billion yuan. Three companies added shareholding increase plans, with a combined proposed increase amount cap of 240 million yuan. Another nine companies disclosed progress announcements related to buybacks and shareholding increases. On the performance front, 16 Shanghai-listed companies released positive announcements. Yuanjie Technology expects first-half revenue to grow 339 to 364 percent year-on-year, with net profit attributable to shareholders of the listed company rising 1,197 to 1,305 percent. Lianxun Instruments expects first-half net profit to increase 802 to 926 percent year-on-year. Xi'an Yicai Materials' monthly production and sales of 12-inch electronic-grade silicon wafers surpassed one million units. In terms of major contracts, a subsidiary of China Power Construction Corporation signed a subcontract for the water transmission system of the Basra seawater desalination project in Iraq, with a contract value equivalent to approximately 8.925 billion yuan. The mid-term dividend camp continues to expand, with eight Shanghai-listed companies including Wanhua Chemical, Shandong Gold, and ArcSoft receiving mid-term dividend proposals or releasing plans.

As of July 22, 51 STAR Market companies have already previewed their first-half results, with 36 forecasting growth and 8 expecting to turn profitable, bringing the combined positive ratio to 86.27 percent. Based on the median estimated net profit growth, 29 companies saw growth exceeding 100 percent, while 6 recorded growth between 50 and 100 percent. OKE Precision Cutting Tools posted the highest estimated net profit growth, with a median increase of 50,199.61 percent, followed by Biwin Storage Technology and Yuanjie Semiconductor Technology at 3,310.87 percent and 1,250.95 percent respectively. By sector, STAR Market stocks with net profit growth above 50 percent are mainly concentrated in electronics, machinery and equipment, and pharmaceutical and biotech industries. STAR Market stocks expected to deliver high earnings growth have risen an average of 66.48 percent this year, with Yuanjie Semiconductor Technology surging 240.87 percent to top the list, followed by OKE Precision Cutting Tools and Nanya New Material Technology. In terms of capital flows, over the past five days, major net inflows were seen in Oled Material Technology, Raytron Technology, and Kaierda Welding & Cutting Robotics, while significant net outflows hit Biwin Storage Technology, Montage Technology, and Yuanjie Semiconductor Technology.

Nearly 70 companies listed on the Shanghai Stock Exchange have released a flurry of positive signals within two days, spanning share buybacks, increased holdings by major shareholders, upbeat earnings forecasts, major contract signings, and interim dividends. Among them, 17 companies announced new buyback plans with a combined proposed maximum buyback amount of 2.196 billion yuan. Three companies unveiled new shareholding increase plans with a combined proposed maximum increase amount of 240 million yuan. Another nine companies disclosed progress updates on buybacks and increased holdings. The controlling shareholder of Biwin Storage Technology proposed a buyback of shares worth 200 million to 250 million yuan for cancellation. The chairman of Daqin Railway proposed a buyback of shares worth 400 million to 500 million yuan for capital reduction. The actual controller of Shuangyuan Technology proposed using 50 million to 80 million yuan of over-raised funds to buy back shares. On the increased holdings front, a shareholder of Industrial Securities, Fujian Investment and Development Group, plans to increase its stake by 30 million to 60 million yuan. The controlling shareholder of Pan Asian Microvent Tech plans to increase holdings by 5 million to 10 million yuan. On the earnings front, 16 companies released positive announcements. Yuanjie Technology expects first-half revenue to grow 339.13% to 363.53% year-on-year, with net profit attributable to the parent company surging 1,196.91% to 1,304.98%. Lianxun Instruments expects first-half net profit to rise 801.96% to 925.75% year-on-year. Regarding major contracts, a subsidiary of PowerChina signed a subcontract for the water transmission system of the Basrah seawater desalination project in Iraq, with a contract value equivalent to approximately 8.925 billion yuan. In addition, eight companies including Wanhua Chemical, Shandong Gold Mining, and ArcSoft received interim dividend proposals or released interim dividend plans. Controlling shareholders of companies such as Bright Dairy and Power Tech issued commitment letters not to reduce their holdings.

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.