Key Announcements Today
Elite Color Environmental Resources Science&Technology Co.,Ltd. (SHE: 002998) has released the first half-year financial report for the A-share market. The report shows that for the first half of 2026, the company achieved revenue of RMB 13.3 billion, a year-on-year increase of 7.87%. Net profit attributable to shareholders was RMB 82.5863 million, surging 103.87% compared to the same period last year. The board of directors has approved a profit distribution plan to distribute a cash dividend of RMB 2 per 10 shares (tax inclusive). No bonus shares will be issued, and there will be no capital reserve conversion into share capital.
Cancan Technology announced plans for a private placement of A-shares to raise no more than RMB 851 million. The funds are intended for the research, development, and industrialization project for sixth-generation information technology, the industrialization project for advanced ceramic packaging, an information system upgrade and smart factory construction project, and to supplement working capital. The advanced ceramic packaging project has a total investment of approximately RMB 206 million, with planned funding of RMB 170 million from the raised capital.
China Jushi announced that its wholly-owned subsidiary, Jushi Group, plans to invest RMB 2.405 billion to construct a production line project with an annual capacity of 250 million meters of electronic-grade fabric. The project, located in the Tongxiang Economic Development Zone in Zhejiang Province, aims to consolidate the company's competitiveness in the electronic-grade fiberglass market, accelerate product mix adjustments, enhance profitability, and implement the company's strategic plan.
Shijia Photon disclosed plans for a private placement of A-shares to raise no more than RMB 2.8 billion. After deducting issuance expenses, the net proceeds will be used for a capacity expansion project for high-speed Arrayed Waveguide Grating (AWG) chips and optical interconnect components, a Continuous Wave (CW) laser chip and Chip-on-Carrier (COC) industrialization project, a capacity expansion project for high-density optical interconnect devices (MPO/MMC), and to supplement working capital.
TINAVI Medical Technologies announced it is planning to acquire a controlling stake in Shanghai MicroPort Orthopedics Medical Technology Co., Ltd. by issuing shares, alongside a concurrent fundraising effort. The transaction is expected to constitute a significant asset restructuring but not a backdoor listing. Trading in the company's shares will be suspended starting July 16, 2026, for a period not exceeding five trading days.
Wuhan Jingce Electronic Group announced plans to acquire a 41.17% equity stake in Shanghai Jingce Semiconductor Technology Co., Ltd. through a combination of share issuance, convertible bond issuance, and cash payment, with additional fundraising. Shanghai Jingce, currently a subsidiary, focuses on the R&D, production, and sales of semiconductor front-end measurement and inspection equipment. Post-transaction, it will become a wholly-owned subsidiary, aiming to improve asset quality and enhance business synergy. The transaction constitutes a connected transaction and is expected to be a significant asset restructuring. Trading in the company's shares and convertible bonds will resume on July 16, 2026.
Financial Performance Highlights
BIWIN Storage Technology expects first-half net profit between RMB 7.0 billion and RMB 7.5 billion, representing a staggering year-on-year increase of 3200% to 3422%.
Jiaxing Zhongchao Advanced Material forecasts first-half net profit in the range of RMB 360 million to RMB 390 million, a year-on-year surge of 879% to 961%.
Jiangyin Jiangfeng Electronics anticipates first-half net profit between RMB 480 million and RMB 560 million, a year-on-year increase of 89.99% to 121.65%.
Dapu Microelectronics expects to turn a profit in the first half, with net profit projected between RMB 1.2 billion and RMB 1.35 billion, compared to a loss in the same period last year.
Notable Stock Movements and Risk Warnings
Hengshang Energy Saving Technology, which has seen its stock price surge 208.58% since June 12th, including 11 limit-up sessions in the past 12 trading days, issued a warning. The company stated that if abnormal price increases continue, it may apply for a trading suspension to conduct a verification review.
Dizal Pharmaceutical, which saw two consecutive 20% daily limit-up sessions, clarified that the effectiveness of its recently signed licensing agreement with AstraZeneca remains uncertain.
Share Buybacks and Changes in Holdings
Zhongchuang Zhiling's Chairman proposed a share buyback plan of RMB 300 million to RMB 400 million. Separately, certain directors and senior executives plan to increase their holdings by a combined RMB 27.6 million to RMB 36 million.
Zhejiang Yonghe Refrigerant plans to repurchase shares worth RMB 150 million to RMB 300 million.
Hitech Bio-Control intends to repurchase shares valued between RMB 50 million and RMB 100 million.
Tonghe Technology announced a buyback plan of RMB 35 million to RMB 70 million.
Jieneng Environment stated that its controlling shareholder has committed not to reduce its holdings in the company for the next six months.
Shandong Keyuan Pharmaceutical disclosed that shareholders plan to reduce their holdings by a combined total of no more than 3.57% of the company's shares.
Haixing Group announced that parties acting in concert with the controlling shareholder plan to reduce their holdings by no more than 2%.
Zhongzhou Special Material Technology stated that shareholders holding over 5%, Han Ming and Xu Liang, plan to reduce their combined holdings by no more than 1.1%.
Zhejiang Yunzhongma announced that shareholder Hongyue Private Equity has reduced its stake in the company by 1%.
Major Contract Awards
Fawer Automotive Parts reported that new orders secured in the second quarter of 2026 are expected to generate lifetime revenue of approximately RMB 8.64 billion.
Heshun Electric announced it has won a bid for a mobile energy storage project from China Oilfield Services Limited, valued at RMB 141 million.
China Petroleum Engineering & Construction Corporation disclosed that the total value of new contracts signed from January to June was RMB 92.471 billion, a year-on-year increase of 25.98%.
Other Announcements
Hainan Airlines Holding reported carrying 4.8873 million passengers in June, a decrease of 10.30% year-on-year.
China Eastern Airlines stated that its passenger capacity input for June decreased by 3.89% compared to the same period last year.
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