Legendholdings (03396) has issued a positive profit alert, forecasting a net profit attributable to equity holders of no less than RMB 2 billion for the first half of the year, representing a year-on-year increase of at least 186%.
In other corporate updates, China Hongqiao Group (01378) announced that its subsidiary, Hongqiao Holding, plans to raise up to RMB 12 billion through a private placement. Fengyinhe Holdings (08030) is seeking to transfer its listing from the GEM board to the Main Board of the Hong Kong Stock Exchange. Aimei (06660) has completed the submission of supplementary materials for the listing registration of its serum-free iterative rabies vaccine, marking the arrival of the serum-free era for rabies vaccines. Techdow Pharma (03880) has successfully completed the FDA's pre-license inspection (PLI) for its HEPCLUDEX® active pharmaceutical ingredient in the United States. ViroClick Bio-B (09887) has received IND approval from China's National Medical Products Administration (NMPA) for its drug Velixin™ to treat metastatic colorectal cancer. CSPC Pharmaceutical Group (01093) has received clinical trial approval in China for its recombinant respiratory syncytial virus (RSV) vaccine (SYS6057), and has also initiated a Phase II clinical trial for its drug SYS6041 in combination therapy for recurrent ovarian cancer at its first center in China. HEC Pharm (06887) has achieved its first commercial shipment of insulin glargine injection to the United States. Quicoral Bio-B (02509) has received clinical trial implied consent for its QX027N drug for two indications: chronic obstructive pulmonary disease and chronic rhinosinusitis with nasal polyps. Mabwell Bio-B (02493) has had its clinical trial application for the 9MW5211 injection approved by the NMPA.
Concord New Energy (00182) has signed a power purchase agreement with Tesla. Haiguang Xinzhen (01191) has confirmed its chip procurement arrangements for 2027 with an upstream, independent third-party core chip supplier. Haizhi Technology Group (02706) has upgraded its academician workstation's research and development focus to integrate knowledge graphs with large language models. Maanshan Iron & Steel (00323) subsidiary, MaSteel, has contributed its Baowu Water equity as capital to Baowu Huan Ke, as part of a green environmental protection industry layout. Times Electric (03898) subsidiary plans to invest approximately RMB 192 million to establish a joint venture with Beijing Huairou Laboratory and others. Shengqing Cleaning (02521) has signed a cooperation agreement with Shenzhen Tsinghua Research Institute to jointly establish an Industrial Embodied Intelligence Joint Innovation Center. Television Broadcasts (00511) has renamed itself to "Wireless Group." Ascentage Pharma (06855) has appointed Dr. Faiçal Miyara as Chief Business Development Officer and Jim Ziegler as Chief Commercial and Operations Officer.
In share buyback and trading activity, Xiaomi Group-W (01810) spent approximately HKD 49.9991 million to repurchase 1.7408 million shares on July 31. Conch Cement (00914) spent RMB 18.4736 million to repurchase 1 million A-shares on July 31. Midea Group (00300) spent RMB 17.2383 million to repurchase 200,000 A-shares on July 31. GigaDevice (03986) plans to repurchase between RMB 1 billion and RMB 2 billion in A-shares. Zhongchuang Zhiling (00564) plans to repurchase between RMB 300 million and RMB 400 million in A-shares.
In operational results, BYD (01211) sold approximately 2.2277 million new energy vehicles in the first seven months of the year. Chery Automobile (09973) reported total sales of 261,876 vehicles across its five brands in July, a year-on-year increase of approximately 24.1%. Geely Automobile (00175) sold a total of 250,161 vehicles in July, a year-on-year increase of about 5%. Great Wall Motor (02333) sold approximately 108,100 vehicles in July, a year-on-year increase of 3.54%. NIO-SW (09866) delivered 35,934 vehicles in July, a year-on-year increase of 71%. Li Auto-W (02015) delivered 30,468 new vehicles in July. Voyah Auto (07489) delivered 13,189 new vehicles in July, a year-on-year increase of 9%. China Railway Group (00390) reported new contract signings of RMB 1,005.68 billion in the first half of the year, a year-on-year decrease of 9.3%. Shanghai Aunty (02589) reported an adjusted profit of approximately RMB 345 million for the interim period, a year-on-year increase of 41.6%. Xinyi Glass (00868) reported a profit attributable to equity holders of approximately RMB 1.184 billion for the interim period, a year-on-year increase of 16.9%, with a dividend of 15 HK cents per share. Xinyi Energy (03868) reported a profit attributable to equity holders of RMB 320 million for the interim period, a year-on-year decrease of 28.9%, with a dividend of 2.1 HK cents per share. Hardeng Innovation (00400) expects revenue of approximately RMB 12 billion to RMB 14 billion for the interim period, a year-on-year increase of 80% to 100%. Sunmi Technology-W (06810) expects revenue to increase to approximately RMB 1.7 billion to RMB 1.8 billion in the first half of the year. China XLX Fertiliser (01866) has issued a profit alert, expecting a net profit of approximately RMB 1.15 billion to RMB 1.23 billion for the first half of the year, a year-on-year increase of 52% to 62%. Xunce (03317) has issued a profit alert, expecting a year-on-year revenue increase of approximately 388.76% and an adjusted net profit of approximately RMB 67 million for the first half of the year, turning around from a loss. Huaxida (00901) has issued a profit alert, expecting a net profit increase of 70% to 80% for the interim period. Gaokegiao (09963) has issued a profit alert, expecting a profit attributable to shareholders of approximately HKD 40 million to HKD 44 million for the interim period, turning around from a loss. Jingneng Clean Energy (00579) has issued a profit warning, expecting a profit attributable to shareholders of approximately RMB 1.29 billion to RMB 1.49 billion for the interim period, a year-on-year decrease of about 25% to 35%. Hong Kong Chinese Limited (00655) has issued a profit warning, expecting a loss from its joint ventures of approximately HKD 290 million to HKD 470 million for the interim period, turning from a profit to a loss.
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