Today's focus

[North Huachuang: Net profit is expected to increase 43%-65% year-on-year in the first half of the year]

North China Huachuang announced that net profit for the first half of the year was 2.57 billion yuan - 2.96 billion yuan, up 42.84%-64.51% year on year; the company's process coverage and market share of process equipment such as etching, film deposition, cleaning, furnace tubes and rapid annealing in the field of integrated circuits continued to rise steadily, and revenue grew steadily year on year. Small financial note: Q1 net profit of 1.127 billion yuan. Based on this calculation, Q2 net profit is expected to be 1.443 billion yuan - 1.833 billion yuan, an increase of 28% to 63% over the previous month.

[Crystal Optoelectronics: The actual controller was investigated and lien measures implemented]

Crystal Optoelectronics announced that it recently received a written notice from Star Group Co., Ltd., the controlling shareholder of the company, that Mr. Ye Xianyu, the actual controller of the company, was investigated by the Taizhou Luqiao District Supervisory Commission and placed in lien. Up to now, the company has not received a written notice from the relevant department, nor is it aware of the details involved in the case. This investigation is a personal investigation of Mr. Ye Xianyu. It has nothing to do with the company and will not affect the normal operation of the company.

[China Southern Airlines: Expected net loss of 1.06 billion yuan to 1.58 billion yuan in the first half of the year, a year-on-year loss reduction]

China Southern Airlines announced that it expects a net profit loss of 1.06 billion yuan to 1.58 billion yuan in the first half of the year, and a net profit loss of 2.875 billion yuan for the same period last year. In the first half of 2024, the domestic economy continued to recover, and the civil aviation market gradually picked up. The company seized market recovery opportunities, made every effort to improve quality and efficiency, strengthen lean cost control, and drastically reduced operating efficiency losses over the same period last year. However, the current external environment for the development of civil aviation is complex and varied. The domestic market is oversupply, and international market recovery is facing challenges. Extreme weather is frequent, and oil prices remain high and fluctuating. The company's operating pressure is still huge, and net profit for the first half of 2024 showed a loss.

[Air China: Expected net loss of about 2.3 billion yuan to 3 billion yuan in the first half of the year, a year-on-year reduction of losses]

Air China announced that in the first half of 2024, the company expects a net loss attributable to shareholders of listed companies of about 2.3 billion yuan to 3 billion yuan in the first half of 2024, and a net loss of 3.451 billion yuan for the same period last year. The company's operating efficiency improved steadily in the first half of the year, and losses were drastically reduced year-on-year. However, due to the impact of factors such as the overall recovery process of international routes falling short of expectations, increased competition in the domestic market, and price fluctuations such as oil prices and exchange rates, the company was still in a state of operating loss in the first half of the year. Small financial note: Q1 net loss of 1.674 billion yuan. Based on this calculation, the estimated net loss for Q2 is 0.626 billion yuan - 1.326 billion yuan.

[Xinxiang Chemical Fiber: Net profit is expected to increase 1040%-1391% year-on-year in the first half of the year]

According to Xinxiang Chemical Fiber's announcement, net profit for the first half year of 2024 is expected to be 0.13 billion yuan to 0.17 billion yuan, an increase of 1040% to 1391% over the same period last year. Demand for biomass cellulose filaments increased during the reporting period, and sales increased year on year; due to the year-on-year decline in raw material and energy prices, product unit costs decreased, gross margin of biomass cellulose filament increased, and gross profit increased dramatically. Small financial note: Q1 net profit of 62.2314 million yuan. Based on this calculation, Q2 net profit is expected to be 67.77 million yuan to 107.77 million yuan, an increase of 9%-73% over the previous month.

[Sanlian Board Star Network Yuda: There is still much uncertainty about large-scale application promotion of related products]

Starnet Yuda announced abnormal stock trading fluctuations. The company's satellite communications, inertial navigation, optoelectronic pods, radar, etc. are all key technologies for driverless driving; in terms of vehicles, the company can provide technical support for driverless driving in the direction of navigation, measurement and control, and can also implement functions such as route planning, automatic tracking, and self-construction of maps, which are suitable for structured roads and unstructured roads. As demand for inertial navigation and other products in the driverless field grows, it will have a positive impact on the company's future performance. However, there is still much uncertainty about large-scale application promotion of related products.

[Poly Development: Net profit of 7.508 billion yuan in the first half of the year decreased 38.57% year over year]

Poly Development released its 2024 semi-annual results report, achieving total operating revenue of 139.269 billion yuan, an increase of 1.64% over the previous year; net profit attributable to shareholders of listed companies was 7.508 billion yuan, a year-on-year decrease of 38.57%. During the reporting period, the company's revenue was mainly due to the completion, delivery and carry-over of real estate projects. The revenue scale increased slightly by 1.64% over the same period last year. Affected by the market downturn and price pressure, the gross margin carried over from the project declined, and the company's operating profit decreased by 27.73% year-on-year. Small financial note: Q1 net profit of 2.224 billion yuan. Based on this calculation, Q2 net profit was 5.284 billion yuan, an increase of 137% over the previous month.

[Zheng Zhong Design: Net profit is expected to increase 548%-725% year-on-year in the first half of the year]

Zheng Zhong Design announced that net profit for the first half of the year is expected to be 55 million yuan to 70 million yuan, an increase of 548.42%-725.27% over the previous year. During the reporting period, the company continued to strengthen design brand building and market development, and continued to strengthen the soft decoration business expansion and team building. At the same time, the company strictly controlled various costs and expenses, improved operating efficiency, and driven the company's net profit to increase compared to the same period last year.

[Crystal Optoelectronics: Net profit is expected to increase 125%-154% year-on-year in the first half of the year]

Crystal Optoelectronics announced that it expects net profit of 0.4 billion yuan to 0.45 billion yuan in the first half of the year, an increase of 125.45% to 153.64% over the previous year. In the first half of the year, the company seized the opportunity of the gradual recovery of the global consumer electronics industry and transformation to high-end driven by AI models, gave full play to its advantages in technological innovation, targeted and deepened high-value projects, continuously optimized the product, market and customer structure, enhanced product competitiveness and profit margins, enhanced its leading edge, and continuously consolidated the basic market of the consumer electronics sector business. Small financial note: Q1 net profit of 0.179 billion yuan. Based on this calculation, Q2 net profit is expected to be 0.221 billion yuan - 0.271 billion yuan, an increase of 23%-51% over the previous month.

[Shandong Gold: Net profit is expected to increase 42%-65% year-on-year in the first half of the year]

According to Shandong Gold's announcement, it is expected to achieve net profit of 1.25 billion yuan to 1.45 billion yuan in the first half of 2024, an increase of 42.07% to 64.81% over the previous year. Gold prices continued to rise in the first half of 2024 and the merger and acquisition of Yintai Gold boosted the company's profits. Small financial note: Q1 net profit of 0.7 billion yuan. Based on this calculation, Q2 net profit is expected to be 0.55 billion yuan - 0.75 billion yuan, a change of -21%-7% from month to month.

[China Aluminum: Net profit of 6.5 billion yuan to 7.3 billion yuan is expected to increase 90%-114% year-on-year in the first half of the year]

China Aluminum announced that it expects to achieve net profit of 6.5 billion yuan to 7.3 billion yuan in the first half of the year, an increase of 90%-114% over the previous year. In the first half of 2024, the company adhered to the ultimate business philosophy. Through measures such as seizing market opportunities, improving operational efficiency, and tightening cost control, the main products achieved high yield, stable production and excellent production, and business performance increased dramatically over the same period last year. Small financial note: Q1 net profit of 2.23 billion yuan. Based on this calculation, Q2 net profit is expected to be 4.27 billion yuan to 5.07 billion yuan, an increase of 91% to 127% over the previous month.

[Northern rare earths: net profit is expected to decrease by 94.89%-96.50% year-on-year in the first half of the year]

According to the Northern Rare Earth announcement, net profit due to mother is expected to be 37 million yuan to 54 million yuan in the first half of 2024, a year-on-year decrease of 94.89% to 96.50%. The decline in performance was mainly due to factors such as lower downstream demand growth than expected and declining prices of rare earth products. Small financial note: Q1 net profit of 52.052 million yuan. Based on this calculation, the estimated net profit for Q2 is -15.05 million yuan to 1.948 million yuan.

[Huayang Group: Net profit is expected to increase 51%-62% year-on-year in the first half of the year]

Huayang Group announced that it expects net profit of 0.275 billion yuan to 0.295 billion yuan in the first half of the year, an increase of 51.33%-62.34% over the previous year. In the first half of the year, the company's revenue increased significantly compared to the same period last year. Among them, sales revenue of products such as cockpit domain control, HUD, screen displays, wireless charging, digital acoustics, precision motion mechanisms, LCD instruments, and vehicle cameras in the automotive electronics business increased sharply year on year, while sales revenue of automotive intelligence-related parts and optical communication module-related components in the precision die-casting business increased sharply year on year. Small financial note: Q1 net profit of 0.142 billion yuan. Based on this calculation, Q2 net profit is expected to be 0.133 billion yuan - 0.153 billion yuan, a change of -6% to 7% month-on-month.

[Chifeng Gold: Net profit is expected to increase 124%-137% year-on-year in the first half of the year]

According to Chifeng Gold's announcement, it is expected to achieve net profit of 0.7 billion yuan to 0.74 billion yuan for the first half year of 2024, an increase of 124.39% to 137.21% over the previous year. During the reporting period, gold production and sales prices increased compared to the same period last year; the company's wholly-owned subsidiary, Akikin International (Hong Kong) Co., Ltd. transferred all 0.141 billion shares of TIETTO MINERALS LIMITED's common shares. The impact of the holding and this transaction on profit and loss in the current period was equivalent to about RMB 78.4393 million, which had a positive impact on net profit. Small financial note: Q1 net profit of 0.201 billion yuan. Based on this calculation, Q2 net profit is expected to be 0.499 billion yuan - 0.539 billion yuan, an increase of 148%-168% over the previous month.

[Changlu Co., Ltd.: Net profit is expected to increase 936%-1246% year-on-year in the first half of the year]

Changlu Co., Ltd. announced that it expects net profit attributable to shareholders of listed companies for the first half year of 2024 to 30 million yuan to 39 million yuan, an increase of 936% to 1246% over the previous year. During the reporting period, the company successfully implemented the established annual business plan, and insisted on technological innovation and differentiated development to reshape the core competitiveness of the enterprise. Some of the company's key new products and new businesses are progressing smoothly, driving the expansion of new markets and the acceleration of the overall transformation and upgrading process of the enterprise. Small financial note: Q1 net loss of 26.965 million yuan. Based on this calculation, the estimated net profit for Q2 is 56.97 million yuan - 65.97 million yuan.

[Lexen Psychics: Expected net loss of 30 million yuan to 43 million yuan in the first half of the year]

Lexen Psychics announced that according to preliminary estimates by the finance department, the company is expected to lose money for the first half year of 2024, achieving net profit attributable to the owner of the parent company - 30 million yuan to -43 million yuan. The main reason for this period's earnings forecast loss is that in the first half of 2024, the company continued to increase its gold business expansion efforts. Operating revenue increased by more than 40.00% year on year, and the share of gold business revenue increased dramatically. However, the gross margin of the gold business was low, which led to a significant drop in the company's overall gross margin and failure to achieve profit.

[Yihua Co., Ltd.: Net profit is expected to increase 142%-187% year-on-year in the first half of the year]

Yihua Co., Ltd. announced that it expects net profit of 0.16 billion yuan to 0.19 billion yuan in the first half of the year, an increase of 141.67% to 186.98% over the previous year. During the reporting period, the company's main business continued to develop steadily. In terms of photovoltaic brackets, with the commissioning of US factories, orders were released one after another, and efficiency increased year-on-year; in terms of connectors, with the development of domestic Internet, big data and other industries, demand for servers and data centers continued to increase, thus increasing the company's connector business orders over the previous year, and sales revenue increased. Small financial note: Q1 net profit of 86.6785 million yuan. Based on this calculation, the estimated net profit for Q2 is 73.32 million yuan - 103.32 million yuan, a change of -15%-19% month-on-month.

Investments & Contracts

[Huaqin Technology: Proposed to acquire 80% of Eluda Holdings]

Huaqin Technology announced that it intends to sign a “Letter of Intent to Invest” with Eluda Technology International Co., Ltd. and its founder. According to the “Letter of Intent to Invest”, the company intends to acquire 80% of the shares of Eluda Enterprise Holdings Co., Ltd. held by Eluda International in cash through designated overseas entities. The purchase price of the target shares was initially determined at HK$2.85 billion based on the results confirmed in the valuation report of the target company and its controlled subsidiaries as of 31 December 2023.

[Huilu Ecology: Proposed joint investment with related parties to establish overseas subsidiaries and subsidiary companies]

Huilu Ecology announced that according to the company's business development needs, in order to expand new business areas, the company plans to jointly invest with Wuhan Junheng Technology Co., Ltd. to establish a subsidiary in Singapore (“Company A” for short). The total planned investment amount is RMB 0.2 billion, the company's investment ratio is 70%, and Wuhan Junheng's investment ratio is 30%. The ultimate purpose of the establishment of Company A is for Company A to invest 100% in an overseas subsidiary in Malaysia (“Company B” for short). As an overseas production base for the company's optical communications business, Company B is engaged in R&D, production, and sales of optical communication products and accessories.

[Xinhu Zhongbao: Signing strategic cooperation agreements with banks and other financial institutions]

Xinhu Zhongbao announced that the company signed a “strategic cooperation agreement” with ICBC Quzhou Branch, Agricultural Bank Quzhou Branch, Ningbo Bank Quzhou Branch, CCB Quzhou Branch, and Zheshang Asset. The company and various parties reached a framework agreement to establish a long-term strategic cooperative relationship. Four commercial banks intend to provide high-quality financial services to the company and provide an intentional credit line totaling no more than 9.5 billion yuan. In addition, Zhejiang Asset plans to cooperate with the company in financial and other fields. Specifically, ICBC Quzhou Branch, Agricultural Bank Quzhou Branch, and Bank of Ningbo Quzhou Branch agreed to grant the company intentional credit lines totaling RMB 0.5 billion, RMB 1 billion, and RMB 5 billion respectively, focusing on supporting the construction and development of new functional materials and other sectors. CCB Quzhou Branch provides intentional financing lines totaling 3 billion yuan to sectors that comply with CCB's credit policy.

Increase/decrease holdings & repurchases

[Leo shares: Some executives increased their total shareholding of 2.3814 million shares in the company]

Leo Co., Ltd. announced that Zhang Xubo, director, deputy general manager and secretary of the board of directors, Yan Tufu, deputy general manager, Zheng Xiaodong, deputy general manager, and Yang Hao, deputy general manager and financial director, increased their total shareholding of 2.3814 million shares through the Shenzhen Stock Exchange centralized bidding and trading system on July 11.

[Lukang Biochemical: Shareholder Xiao Han plans to reduce shares by no more than 1.73%]

According to Lukang Biochemical's announcement, shareholder Xiao Han plans to reduce his holdings of the company's shares by no more than 2.6826 million shares through bulk transactions within 3 months after 15 trading days from the date of the announcement of this holdings reduction plan (accounting for 1.73% of the company's total share capital).

[Xing Xin New Materials: Plans to buy back the company's shares at 25 million yuan to 50 million yuan]

Xingxin New Materials announced that it plans to repurchase the company's shares for 25 million yuan to 50 million yuan, with a repurchase price of no more than 26 yuan/share. The shares were repurchased for equity incentives or employee stock ownership plans.

Operation & Performance

[Shanghai Petrochemical: 1.3616 million tons of diesel sales in the first half of the year, 1.6667 million tons of gasoline sales]

Shanghai Petrochemical announced the main operating data for the first half of 2024. Diesel sales were 1.3616 million tons, gasoline sales were 1.6667 million tons, aviation kerosene sales were 0.721 million tons, paraxylene sales 0.3498 million tons, benzene sales 0.1765 million tons, ethylene glycol sales 0.0005 million tons, ethylene oxide sales were 0 million tons, ethylene oxide sales were not applicable, polyethylene sales were 0.2615 million tons, polypropylene sales 0.2003 million tons, acrylic sales 0.0114 million tons.

[Taimus: Net profit is expected to increase 68.51%-102.21% year-on-year in the first half of the year]

Timus announced that it expects net profit of 50 million yuan to 60 million yuan in the first half of the year, an increase of 68.51%-102.21% over the previous year. Through vigorous development of the domestic market and continuous innovation, improving customer satisfaction, and deepening customer adhesion, current orders increased, sales increased, product structure optimization, and gross margin increased year-on-year.

[China Shenhua: Coal sales volume of 39.2 million tons increased 5.9% year-on-year in June]

China Shenhua announced that in June 2024, the company's commercial coal production was 27.0 million tons, down 2.2% year on year; coal sales volume was 39.2 million tons, up 5.9% year on year.

[China Eastern Airlines: Net profit is expected to decrease by 3.3 billion yuan to 3.8 billion yuan year-on-year in the first half of the year]

China Eastern Airlines announced that the net profit attributable to shareholders of listed companies for the first half year of 2024 is about RMB -2.4 billion to -2.9 billion yuan, and the year-on-year loss is approximately RMB 3.3 billion to RMB 3.8 billion.

Contract & Project Bid Winning

[Molding Technology: Mexico's Minghua was designated as an exterior parts project]

Molding Technology announced that the wholly-owned subsidiary Mexico's Minghua recently received a target for an exterior parts product project from a new overseas customer. The project is expected to begin mass production in October 2025, with a life cycle of 4 years, and an estimated annual sales volume of 0.16 million units. This targeting marks the recognition of Mexican Minghua's manufacturing and quality assurance capabilities, which will bring greater opportunities for its development in the North American region and have a positive impact on the company's future performance.

[Code CNC: Signed a daily operating contract of 0.224 billion yuan]

Kode CNC announced that the company recently signed a daily operating and sales contract with a customer totaling 223.84 million yuan. The contract takes effect from the date the two parties sign and seal, and is expected to have a positive impact on the company's 2024 and 2025 business results. The subject of the contract is a production line, and the customer has good ability to perform the contract.

Financing & fixed growth

[Jinghua New Materials: Proposed capital increase of no more than 0.25 billion yuan]

Jinghua New Materials announced that the company has drawn up a plan to issue A-shares to specific targets using a simple procedure. The proposed capital will not exceed 0.25 billion yuan. The net capital raised after deducting the relevant issuance fees will be used for the Southwest Production Base Project (Phase I) and supplementary working capital.

Stock price changes

[Jinjiang Online: The company's current price-earnings ratio and net price-earnings ratio are higher than the average of the same industry]

Jinjiang Online issued a stock trading risk warning notice. The cumulative deviation value of the closing price increase of the company's stock trading exceeded 20% for three consecutive trading days. The company's production and operation situation is normal, the internal production and operation order is normal, there have been no major changes in the daily business situation, no major adjustments have been made to the market environment, industry policies, etc., and there is no major information that should be disclosed but not disclosed. The company's current price-earnings ratio and price-net ratio are higher than the average in the same industry.

[World Transport Circuit: There is no important information that should be disclosed that has not been disclosed]

Shiyun Circuit issued a change notice. After the company's own inspection and consultation with the controlling shareholders, actual controllers, and company directors, supervisors, and executives, there was no material information that should have been disclosed as of the disclosure date of this announcement. The company has found no media reports, market rumors, or hot concept situations that may have a significant impact on the company's stock trading price. Investors are requested to invest rationally and pay attention to secondary market trading risks.

other

[ST Yili: The company's stock listing and delisting will be terminated on July 18]

ST Yili announced that the Shanghai Stock Exchange decided to terminate the company's stock listing. The stock termination and delisting date is July 18, 2024. After the company's stock listing is terminated, it will be listed and transferred into the National Small and Medium Enterprises Share Transfer System Co., Ltd. in the two network companies and delisted company sections established and managed by the original securities company on behalf of the original securities company.

[Changyuan Lithium Division: Proposed to change the name of the securities to “Minmetals New Energy” for short]

Changyuan Lithium Co., Ltd. announced that the company held a meeting to review and pass the “Proposal on Changing the Company Name and Stock Abbreviation”. The changed company name is Minmetals New Energy (Hunan) Co., Ltd. The changed securities abbreviation is Minmetals New Energy, and the company's stock code “688779” remains unchanged.