Key Developments Today
Cambricon Technologies Corporation Limited (688256.SH) announced its semi-annual report for the first half of 2026, posting a net profit of RMB 2.311 billion, a surge of 122.61% year-over-year. Revenue reached RMB 5.996 billion, a 108.13% increase. The company stated that no profit distribution or capital reserve conversion to share capital will be made for the reporting period.
Biwin Storage Technology Co., Ltd. (688525.SH) disclosed that its controlling subsidiary, Guangdong XinCheng HanQi, plans to introduce external investors through a capital increase and share expansion. The total financing amount for this round is capped at RMB 600 million. Upon completion, the company's stake in the subsidiary will adjust to no less than 52.5186%. A related party is set to subscribe for up to RMB 80 million of the new registered capital.
Telink Semiconductor Co., Ltd. (688591.SH) has decided to terminate its plan to acquire 100% equity of Shanghai Panqi Microelectronics Co., Ltd. via issuing shares and cash, and has withdrawn its application documents.
*ST Star Group Co., Ltd. (600734.SH) has received a "Case Filing Notice" from the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations in its 2023 semi-annual report.
Lufa Power Generation Co., Ltd. (000537.SZ) announced plans to invest a total of approximately RMB 2.475 billion to construct a 460-megawatt wind power project in Tianjin. The preliminary calculation shows a capital financial internal rate of return of about 19.24%.
Zhongjing Electronics Co., Ltd. (002579.SZ) has received approval from the CSRC for its application to issue shares to specific targets.
Focuslight Technologies Inc. (688167.SH) announced plans for a private placement to raise no more than RMB 1.021 billion, with funds allocated for R&D and industrialization of optical components, high-performance substrate materials for optical communication lasers, high-end equipment for optical interconnect devices, and working capital.
iSoftStone Information Technology Corporation has signed a strategic cooperation agreement with Shijiazhuang Tiedao University and CRCC Digital Intelligence Technology (Beijing) Co., Ltd. to jointly build an "AI + Railway Embodied Intelligence Common Technology Pilot Base" in Hebei Province.
Super Printa Electronics Co., Ltd. (603175.SH) announced plans to invest approximately RMB 2.086 billion in a high-multilayer and HDI printed circuit board P3 project.
Jinyi Culture Co., Ltd. (002721.SZ), which has seen its stock price rise for three days in two, issued a statement clarifying that its secondary M&A matters are still in the planning stage, with no intention agreements signed yet.
Lin Securities Co., Ltd. (002945.SZ) plans to acquire 94% equity of Hainan Airlines Futures Co., Ltd. via a share transfer agreement for a total price of RMB 202 million, gaining control of the futures company.
Financial Performance Highlights
China Rare Earth Resources and Technology Co., Ltd. (000831.SZ) reported a net profit of RMB 237 million for the first half of 2026, a year-on-year increase of 46.53%. Revenue decreased by 12.19% to RMB 1.647 billion.
Aokang International Co., Ltd. (603001.SH) turned profitable in the first half of 2026, posting a net profit of RMB 17.57 million compared to a loss of RMB 92.04 million in the same period last year. Revenue declined by 28.88% to RMB 769 million.
Guangdong Guanghua Sci-Tech Co., Ltd. (002741.SZ) achieved a net profit of RMB 94.29 million for the first half of 2026, up 67.56% year-on-year, driven by increased market demand and a higher proportion of high-value-added product sales.
Beijing Century Real Technology Co., Ltd. (603508.SH) saw its net profit rise 4.65% to RMB 318 million in the first half of 2026, while revenue grew 5.73% to RMB 729 million.
Lakala Payment Co., Ltd. (300773.SZ) reported a 191.67% surge in net profit to RMB 669 million for the first half of 2026, with revenue up 22.86% to RMB 3.257 billion. The company plans a cash dividend of RMB 2 per 10 shares.
Zhongzhi Technology Co., Ltd. (301361.SZ) posted a net profit of RMB 41.41 million for the first half, a slight decline of 2.76% despite a 19.96% revenue increase to RMB 158 million.
Suzhou Soar Sensing Technologies Co., Ltd. (300507.SZ) saw its net profit drop 42.83% to RMB 32.73 million in the first half, as revenue fell 14.21% to RMB 947 million due to a slowdown in customer demand.
Major Contract Wins
Gansu Energy and Chemical Co., Ltd. announced that its wholly-owned subsidiaries have won engineering construction projects totaling RMB 88.92 million.
Wiscom System Co., Ltd. and its subsidiary have won two projects with a total value of RMB 73.59 million.
Share Buybacks & Stake Changes
Dioo Microcircuits Co., Ltd. (688381.SH) plans to repurchase shares worth between RMB 30 million and RMB 60 million at a price not exceeding RMB 50 per share, for potential use in equity incentives or employee stock ownership plans.
China State Construction Engineering Corporation Ltd. (601668.SH) announced that its controlling shareholder has secured a loan commitment from Industrial and Commercial Bank of China (ICBC) for up to RMB 900 million to support the shareholding increase in the company.
Elec-Tech International Co., Ltd. (603328.SH) disclosed that its controlling shareholder plans to increase its stake by 1% to 2% of the total share capital within three months.
TGOOD Global Ltd. (300001.SZ) has obtained a loan commitment of up to RMB 540 million from ICBC to support its share repurchase plan.
Xingxin New Materials Co., Ltd. (001358.SZ) has obtained a loan commitment of up to RMB 90 million from China CITIC Bank for its share repurchase program.
This article was originally published on Tencent Self-Selected Stocks.
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