Biwin Storage Technology Co. Ltd. A

Jifeng Shares announced that its controlling subsidiary has secured a passenger car seat assembly project nomination, with an estimated total lifecycle value of 9.2 billion yuan. On the same evening, Halo New Network plans to make an additional investment of 1.265 billion yuan in the Helinger Intelligent Computing Center project, China Life plans to contribute no more than 4.5 billion yuan to participate in a partnership enterprise investing in high-quality unlisted equity in the artificial intelligence and semiconductor sectors, and Digital Zhengtong's wholly-owned second-tier subsidiary plans to purchase servers for 576 million yuan. Biwin Storage completed its first buyback of 1.0447 million shares on the same day at a cost of 222 million yuan; Seres' largest shareholder and its concert parties increased their holdings by 4.1501 million shares, Inovance Technology's largest shareholder plans to increase holdings by 150 million to 200 million yuan, and Chacha Food plans to buy back shares worth 50 million to 100 million yuan. China Railway Signal and Communication won three important railway market projects from July to August, with a total value of approximately 976 million yuan; ST Yitong will have its delisting risk warning removed starting September 29. In addition, Montage Technology's third-largest shareholder WLT plans to reduce its holdings by no more than 2.33 million shares, and Sanan Optoelectronics' actual controller Lin Xiucheng has been criminally detained on suspicion of embezzlement and misappropriation of funds.

Biwin Storage announced on the evening of September 22 that it plans to use 4.5 billion yuan of self-raised funds to invest in the third phase of a wafer-level advanced packaging and testing manufacturing project, with fixed asset investment expected to be completed by December 31, 2029. The company and its controlling subsidiary Guangdong Xincheng Hanqi Semiconductor Technology Co., Ltd. plan to sign a third-phase cooperation agreement with the management committee of Dongguan Songshan Lake High-tech Industrial Development Zone. The total project investment is approximately 4.5 billion yuan, of which 4 billion yuan is fixed asset investment, including buildings, structures and ancillary facilities, and equipment investment. The earlier first and second phases had a planned investment of 3.09 billion yuan, with equipment being delivered successively, corresponding to a monthly production capacity of about 3,000 wafers. They are currently in the stages of customer sampling, process verification, and small-batch trial production, and have not yet formally generated mass-production revenue. This third-phase project is an expansion of investment and production capacity on the basis of the original project, with construction completed within the industrial land of the original project and involving no new land use. The company cautioned that, affected by factors such as macroeconomic conditions, industry policies, and changes in the market environment, the final actual implementation and production situation is uncertain, and there may be risks of failure to complete construction on schedule or failure to achieve expected returns. Company executives previously said that the wafer-level advanced packaging and testing manufacturing project plans to achieve a monthly production capacity of 5,000 wafers by the end of 2026, and plans to raise it to 10,000 wafers per month by the end of 2027. If customer onboarding goes smoothly, it is expected to formally contribute revenue starting from the end of 2026.

Biwin Storage released its 2026 interim report, with net profit attributable to the parent company of 7.166 billion yuan. The company's total operating revenue was 15.575 billion yuan, and net cash flow from operating activities was negative 6.261 billion yuan, a decrease of 5.561 billion yuan compared with the same period last year. The latest asset-liability ratio was 61.64%, gross margin was 54.81%, ROE was 56.42%, and diluted earnings per share was 15.28 yuan. The company had 143,900 shareholders, and the top ten shareholders held 151 million shares, accounting for 31.99% of the total share capital.

Shenzhen Securities Information, a wholly owned subsidiary of the Shenzhen Stock Exchange, will launch the ChiNext photovoltaic index on August 14. This is one of three theme indices recently rolled out on ChiNext, following the earlier releases of the ChiNext intelligent driving index and the ChiNext robotics index. The three new indices further expand the ChiNext series index matrix, precisely targeting three core new quality productive forces tracks: intelligent driving, industrial robots, and photovoltaics. Shanghai has issued the 15th Five-Year Plan for the software and information services industry, proposing that by 2030 the industry scale should strive to reach 4 trillion yuan, with value added exceeding 1.1 trillion yuan. The China Artificial Intelligence Industry Alliance has officially launched the call for contributions to the Embodied Intelligence Industry Map 2026. China's first ISO international standard in the field of fusion fueling has been officially released. According to Omdia research, global tablet shipments in the second quarter of 2026 fell 10 percent year on year to 36 million units. On the corporate front, Guangju Energy has revised upward its semi-annual earnings forecast, with net profit expected to increase by 603.02 percent to 635.24 percent year on year. Foxconn Industrial Internet saw its first-half net profit surpass 20 billion yuan for the first time, surging 96 percent year on year. Biwin Storage plans to buy back shares worth 200 million to 250 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.

Biwin Storage announced plans to use its own funds and self-raised funds to repurchase shares through centralized bidding, with the aim of reducing registered capital. The buyback amount will be no less than 200 million yuan and no more than 250 million yuan, with a maximum repurchase price of 468.24 yuan per share. The company has obtained a loan commitment letter from the Shenzhen branch of Industrial and Commercial Bank of China, which pledges to provide a special stock buyback loan of up to 225 million yuan for this repurchase. The buyback plan still needs to be submitted to the shareholders' meeting for approval.

Jangho Group disclosed its first-half 2026 results, achieving operating revenue of 10.824 billion yuan, up 15.90% year-on-year, and net profit attributable to shareholders of the listed company of 441 million yuan, up 34.34% year-on-year. Jianxin Chemical reported net profit of 47.8701 million yuan for the same period, surging 790.27% year-on-year, with operating revenue of 360 million yuan, up 51.42% year-on-year. Foxconn Industrial Internet posted first-half net profit of 23.74 billion yuan, up 95.99% year-on-year, and operating revenue of 557.861 billion yuan, up 54.63% year-on-year. Yongjie New Materials shareholders Qianhai Equity Fund, Zhongyuan Qianhai Fund, and Qilu Qianhai Fund plan to collectively reduce their holdings by no more than 5.9441 million shares, representing 3% of total share capital. Biwin Storage intends to use 200 million to 250 million yuan of its own or self-raised funds to repurchase shares for capital reduction, with a repurchase price not exceeding 468.24 yuan per share. Longsys has obtained a commitment letter from China Construction Bank Shenzhen Branch for a special share repurchase loan of up to 720 million yuan, following the company's earlier plan to repurchase shares worth 400 million to 800 million yuan for equity incentives. Chunxing Precision was sued over a subsidiary's loan contract dispute, involving principal of 166 million yuan plus interest, with the company bearing joint guarantee liability. Anhui Construction Engineering Group Vice General Manager He Hongchun has been detained and resigned from his position; the company stated that this does not affect daily operations. Sinomach Automobile's investee company Xinbang Kechuang has been accepted by the court for bankruptcy liquidation filing, and the company has already adjusted the carrying amount of its long-term equity investment in Xinbang Kechuang to zero. Golden Laser's actual controller Liang Wei was sentenced to three years and nine months in prison in the final trial for market manipulation, fined 12 million yuan, and ordered to disgorge illegal gains; during the manipulation period, he cashed out approximately 115 million yuan through share reductions.

On the evening of August 7, multiple listed companies on the Shanghai and Shenzhen stock exchanges released positive announcements. Biwin Storage's holding subsidiary, Guangdong Core Harmony, plans to introduce external investors through a capital increase and share expansion. The total financing for this round will not exceed 600 million yuan, with external investors collectively acquiring no more than 23.0769 percent equity. After the capital increase, the company's shareholding will be no less than 52.5186 percent. Green Power plans to have its holding subsidiary invest in the construction of a 460-megawatt wind power project in Tianjin, with a total dynamic investment of approximately 2.475 billion yuan and a capital financial internal rate of return of about 19.24 percent. Focuslight Technologies plans to raise no more than 1.021 billion yuan through a private placement for projects including high-end optical interconnect core optical components. iSoftStone signed an agreement with Shijiazhuang Tiedao University and China Railway Construction Digital Intelligence Technology to jointly build an AI plus railway embodied intelligence common technology pilot base. Chaoying Electronics plans to invest 2.086 billion yuan to build a high-multilayer and HDI printed circuit board P3 project. Chinalin Securities plans to acquire a total of 94 percent equity in HNA Futures through a 202 million yuan agreement transfer, and will gain control after the transaction. Cambricon achieved operating revenue of 5.996 billion yuan in the first half of 2026, up 108.13 percent year-on-year, with net profit of 2.311 billion yuan, up 122.61 percent year-on-year. China Rare Earth reported net profit of 237 million yuan for the first half, up 46.53 percent year-on-year. China State Construction's controlling shareholder, China State Construction Engineering Corporation, received a shareholding increase loan support of no more than 900 million yuan from the Beijing branch of Industrial and Commercial Bank of China. TGOOD received a special stock repurchase loan commitment of no more than 540 million yuan from the Qingdao branch of Industrial and Commercial Bank of China. Zhejiang Shibao plans to raise no more than 1.394 billion yuan through a private placement for projects including the industrialization of automotive steer-by-wire systems.

Cambricon released its 2026 half-year report, achieving operating revenue of 5.996 billion yuan, up 108.13% year-on-year, and net profit attributable to shareholders of the listed company of 2.311 billion yuan, up 122.61% year-on-year. The company said that demand in the AI computing power market is steadily rising, and it continues to deepen cooperation with leading enterprises in the finance and internet sectors by leveraging its core competitiveness in AI chips. As of the end of the period, prepayments stood at 2.914 billion yuan, up 291.37% year-on-year, and inventory book value was 8.248 billion yuan, up 66.83% year-on-year, accounting for 45.32% of total assets at period-end. In addition, SK Hynix announced it will build new wafer fabs in Yongin and Cheongju, South Korea, with a combined investment of about 54 trillion won, approximately 38.4 billion US dollars, to meet the growing demand for memory chips in the AI era. Biwin Storage's holding subsidiary Guangdong Xinchenghanqi plans to increase capital and expand shares by introducing external investors, with total financing in this round not exceeding 600 million yuan. Zhongjuxin's half-year 2026 net profit grew 72.75% year-on-year. Telink Semiconductor terminated the matter of issuing shares and paying cash to acquire 100% equity of Shanghai Panchip Microelectronics and raising supporting funds. ACM Research's first-half net profit rose 42.14% year-on-year. Focuslight Technologies plans a private placement to raise no more than 1.021 billion yuan for a high-end optical interconnect core optical component R&D and industrialization capacity building project. ST Hangtu and its actual controller Wang Yuxiang were placed on file by the CSRC for suspected illegal information disclosure. Aerospace Yuxing completed nearly 2 billion yuan in Series D financing, with its valuation exceeding 10 billion yuan, joining the ranks of commercial aerospace unicorns.

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.

Biwin Storage's controlling shareholder, actual controller, and chairman Sun Chengsi has proposed that the company repurchase shares worth 200 million to 250 million yuan, all to be cancelled to reduce registered capital, with a maximum repurchase price of 558.44 yuan per share. The underlying index of the Sci-Tech Chip Design ETF Tianhong (589070) turned positive during the session. The ETF has seen a cumulative net inflow of 2.042 billion yuan over the past 30 trading days, and its latest scale of 2.115 billion yuan ranks first in the market for the same underlying index. In terms of news, the chip design concept rose, with Aojie Technology-U up over 5%, and Biwin Storage and Raytron Technology also rising. Greenland Dahu Futures pointed out that chip design is entering a long-term expansion cycle driven by the explosion of AI computing power and the supply-demand gap in storage.

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.

The China Life AMP Core Industry Mixed Fund disclosed its second-quarter 2026 report, achieving a profit of 57.32 million yuan in the second quarter, with a net asset value growth rate of 81.93%. As of the end of the second quarter, the fund size stood at 148 million yuan. The fund is a flexible allocation fund, jointly managed by Qi Shanbin and Meng Yijia, primarily allocating to sectors such as machinery equipment, electronics, communications, new energy, and power equipment, maintaining a growth style. As of July 21, the fund's one-year adjusted unit NAV growth rate was 125.60%, ranking 23rd out of 809 comparable funds. Over the past three years, the Sharpe ratio was 1.4101, with a maximum drawdown of 28.3%. The top ten heavy-weight holdings at the end of the second quarter included Biwin Storage, Demingli, and Jingzhida.

Lianxun Instruments expects its net profit for the first half of 2026 to grow by 802% to 926% year-on-year, reaching 510 million to 580 million yuan, mainly driven by the development of artificial intelligence technology and rising global computing power demand, which has boosted demand for high-speed optical communication products. Biwin Storage chairman Sun Chengsi has proposed a share buyback of 200 million to 250 million yuan, with all repurchased shares to be cancelled to reduce registered capital. Sino Wealth Electronic estimates first-half net profit will rise 90.82% year-on-year to 165 million yuan, as the global AI and computing power boom spurs MCU demand. OPM Biosciences expects first-half net profit to increase 229% to around 124 million yuan, mainly due to the completion of its acquisition of Pengli Biotech. Ronbay Technology achieved a net profit of 109 million yuan in the first half, swinging from a loss a year earlier, with its lithium iron manganese phosphate products running at full production and sales. In other news, a subsidiary of Balance Medical received approval for China's first cross-linked collagen implant, ArcSoft's actual controller proposed an interim dividend of no less than 60% of first-half net profit, and Chaozhuo Aviation Technology's controlling shareholder is set to change to Taiyang Technology.

Biwin Storage chairman Sun Chengsi has proposed that the company repurchase shares through centralized bidding, with a total buyback amount of 200 million to 250 million yuan. All repurchased shares will be cancelled to reduce registered capital. The buyback price ceiling will not exceed 150% of the average trading price of the company's stock over the 30 trading days before the board resolution approving the buyback plan, and will not exceed 558.44 yuan per share. A controlled subsidiary of Jereh Group has signed a gas turbine generator set supply contract with an internationally renowned cloud service provider. The order value is 1.465 billion US dollars, equivalent to approximately 9.95 billion yuan, accounting for about 61.33% of the company's audited 2025 revenue. The contract stipulates delivery in batches before November 2027. Yisheng Livestock & Poultry Breeding has released its 2026 semi-annual report, achieving operating revenue of 1.697 billion yuan, up 28.44% year-on-year, with net profit attributable to shareholders of the listed company of 308 million yuan, up 4897.29% year-on-year, and plans to distribute a cash dividend of 0.15 yuan per 10 shares. Lianxun Instruments expects its semi-annual 2026 net profit attributable to shareholders of the listed company to be between 510 million and 580 million yuan, up 802% to 926% year-on-year, benefiting from sustained high-speed growth in demand for high-speed optical communication products. In addition, several companies have disclosed buyback and shareholding change plans. Enjie New Materials plans to repurchase shares worth 100 million to 200 million yuan for equity incentives or employee stock ownership plans. Luxshare Precision has spent about 1 billion yuan on share buybacks. The chairman of Changjiang Securities has proposed a 100 million to 200 million yuan share buyback. Daqin Railway plans to repurchase 400 million to 500 million yuan of company shares for registered capital reduction.

Jereh Oilfield Services announced that its subsidiary has signed a gas turbine generator supply contract worth approximately 9.95 billion yuan with a well-known international cloud service provider. Today, the three major A-share indices closed mixed. The Shanghai Composite Index ended at 3,867.03 points, up 0.07 percent, while the Shenzhen Component Index and the ChiNext Index fell 1.42 percent and 3.23 percent respectively. Total market turnover for the day was about 2.67 trillion yuan. On the sector front, precious metals led the gains, while gaming and electronic chemicals were among the biggest decliners. In addition, several companies released important announcements after the market close. Ronbay Technology reported a first-half net profit of 109 million yuan, turning around from a loss a year earlier, with its lithium manganese iron phosphate business running at full production and full sales. Goldenmax International Technology plans to invest about 2 billion yuan in a capital increase and production expansion project in Zhuhai. Biwin Storage Technology's chairman proposed a share buyback of 200 million to 250 million yuan, with all repurchased shares to be cancelled to reduce registered capital. Yisheng Livestock and Poultry Breeding's first-half net profit surged 4,897 percent year-on-year, and it plans to distribute 1.5 yuan per 10 shares.

Tinavi is planning to acquire a controlling stake in Shanghai Minimally Invasive Orthopaedics Technology by issuing shares and raising matching funds, in a deal expected to constitute a major asset restructuring. Trading in the company's shares will be suspended from 16 July 2026 for no more than five trading days. Jingce Electronic is planning to buy a 41.17 percent stake in Shanghai Jingce Semiconductor Technology through a combination of share issuance, convertible bonds, and cash. After the transaction, Shanghai Jingce will become a wholly owned subsidiary. Trading in the company's shares and convertible bonds will resume on 16 July. Chaozhuo Aviation Technology has halted trading in its shares from 16 July for no more than two trading days, as its controlling shareholder plans a change in control. In other news, several companies have disclosed their half-year earnings forecasts. Among them, Biwin Storage expects a net profit attributable to the parent company of 7 billion to 7.5 billion yuan for the first half, representing a year-on-year increase of 3,200.15 percent to 3,421.59 percent, mainly driven by the explosion in AI computing power and a strong cycle in the storage industry.

Biwin Storage released its performance forecast, estimating net profit attributable to owners of the parent for the first half of 2026 at 7 to 7.5 billion yuan, compared with a loss of 226 million yuan in the same period last year, representing a year-on-year increase of 3200.15% to 3421.59%, turning losses into profits. The company expects to achieve net profit of 4.101 to 4.601 billion yuan in the second quarter, up 41% to 58% quarter-on-quarter. The significant growth in performance is mainly due to the explosion of AI computing power and the high prosperity cycle of the storage industry, as well as the company's continuous investment in areas such as chip design and advanced packaging and testing. As of the close on July 15, Biwin Storage reported 304.4 yuan, with an intra-year increase of over 165%, and a market value of 143.5 billion yuan.

Biwin Storage expects net profit attributable to owners of the parent for the first half of 2026 to be between 7 billion and 7.5 billion yuan, a year-on-year increase of 3,200% to 3,422%, mainly driven by the explosion in AI computing power and the storage industry entering a high-growth cycle. Tinavi is planning to acquire a controlling stake in Shanghai Minimally Invasive Orthopedics Medical Technology by issuing shares, and also intends to raise matching funds; trading in the company's shares will be suspended from July 16. Shijia Photonics plans to raise no more than 2.8 billion yuan through a private placement for projects including high-speed AWG chip and optical interconnect component production capacity expansion, while Canqin Technology plans to raise no more than 851 million yuan for projects such as advanced ceramic packaging. Jiayuan Technology expects first-half net profit to grow 879% to 961% year-on-year, with copper foil market demand driving significant increases in production and sales. Dizal Pharmaceutical has signed a license agreement with AstraZeneca, under which it will receive an upfront payment of 600 million US dollars and up to 900 million US dollars in milestone payments, but the effectiveness of the agreement is subject to uncertainties. Chaozhuo Aviation's controlling shareholder and actual controller are planning a change of control, and trading in the stock will be suspended from July 16. Anlu Technology expects first-half operating revenue to increase by 83.57% to 101.48% year-on-year, and Jiulian Technology expects to turn from a loss to a profit in the first half. In addition, Alibaba's Qwen and Baidu AI will provide support for Apple Intelligence, and Tencent Cloud announced that starting August 1, 2026, it will charge for excess storage usage on cloud database MySQL local disk instances.

Biwin Storage has released its semi-annual earnings forecast, projecting net profit attributable to parent company owners of 7 billion to 7.5 billion yuan for the first half of 2026, representing a year-on-year increase of 3,200% to 3,422%, primarily driven by the explosion in AI computing power and the storage industry entering a high-growth cycle. The company's second-quarter net profit is expected to be between 4.101 billion and 4.601 billion yuan, up 41% to 58% quarter-on-quarter. In other news, a wholly-owned subsidiary of China Jushi plans to invest 2.405 billion yuan to build a production line project with an annual output of 250 million meters of electronic fabric. Jingce Electronic intends to acquire a 41.17% stake in Shanghai Jingce Semiconductor to make it a wholly-owned subsidiary. Tinavi Medical Technologies is planning to acquire a controlling stake in Shanghai Minimally Invasive Orthopedics and will suspend trading from July 16. Shijia Photonics plans to raise no more than 2.8 billion yuan through a private placement for projects including high-speed AWG chips and optical interconnect component capacity expansion. Konfoong Materials International expects first-half net profit to grow 90% to 122% year-on-year. Dapu Microelectronics expects to turn losses into profits year-on-year. Jiayuan Technology expects a year-on-year increase of 879% to 961%. Kaierda Welding Robot expects a year-on-year increase of 1,006% to 1,191%. Hengshang Energy Conservation has warned of a possible application for a trading halt review due to abnormal share price increases. The licensing agreement signed between Dizal Pharmaceutical and AstraZeneca is subject to uncertainty.