Today's focus

[Zhongji Xuchuang: Net profit is expected to increase 250%-307% year-on-year in the first half of the year]

Zhongji Xuchuang announced that net profit for the first half of the year is expected to be 2.15 billion yuan to 2.5 billion yuan, an increase of 250.30% to 307.33% over the previous year. During the reporting period, thanks to the rapid growth in the share of high-end products such as 800G/400G shipments, the product structure continued to be optimized, and the company's operating income and net profit increased significantly year-on-year.

[Sunshine Power: Plans to repurchase the company's shares for 0.5 billion yuan to 1 billion yuan]

Sunshine Power announced that the company plans to repurchase shares through centralized bidding transactions. The total capital of the repurchase is not less than 0.5 billion yuan and no more than 1 billion yuan. The repurchase price will not exceed 97 yuan/share. The repurchase of shares will implement an employee stock ownership plan or equity incentive plan in the future.

[Goertek shares: net profit is expected to increase 180%-200% year-on-year in the first half of the year]

Goertek Co., Ltd. announced that it expects net profit of 1.181 billion yuan to 1.265 billion yuan in the first half of the year, an increase of 180% to 200% over the previous year. During the reporting period, the profitability of the intelligent acoustic complete machine and smart hardware business improved under the company's management direction of strengthening lean operations and improving profitability.

[Wen's shares: net profit for the first half of the year is expected to be 1.25 billion yuan to 1.5 billion yuan, reversing losses year on year]

Wen's Co., Ltd. announced a performance forecast. It expects net profit of 1.25 billion yuan to 1.5 billion yuan for the semi-year 2024, and a loss of 4.689 billion yuan for the same period last year. In the first half of the year, the company sold 14.3742 million pork heads, up 21.96% year on year. The average sales price of hairy pigs was 15.32 yuan/kg, up 5.09% year on year. The company's pig breeding business profit increased sharply year on year, turning a loss into a profit. Broiler sales were 0.548 billion, a year-on-year decrease of 1.04%, and the chicken farming business turned a loss into a profit.

[Fuchuang Precision: Planning to acquire 100% of Yisheng Precision's shares]

Fuchuang Precision announced that the company plans to purchase 100% of the shares of Beijing Yisheng Precision Semiconductor Co., Ltd. (“Yisheng Precision”) in cash from the company's actual controller Zheng Guangwen, Shenyang Advanced, Beijing Yixin, Liaoning Sino-German Fund, Ruan Yanfeng, Tianjin Xinsheng, Zhongtai R&F, and Hesheng Zhongfu Fund. After the transaction is completed, Yisheng Precision will become a wholly-owned subsidiary of the company. According to preliminary estimates, the transaction amount is expected to be no more than 0.8 billion yuan. The deal is in line with the company's strategic position to build a semiconductor component platform.

[Amway shares: net profit is expected to increase 9348% to 10422% year-on-year in the first half of the year]

Amway shares announced that it expects net profit of 88 million yuan to 98 million yuan in the first half of the year, an increase of 9348.14% to 10421.8% year-on-year. During the reporting period, the volume and price of the company's main products rose sharply, revenue increased dramatically, and profits increased dramatically, making the best results in the same period in history. Among them, many indicators for the second quarter set the highest record in a single quarter.

Transfers & Acquisitions & Investments

[Xidiwei: Subsidiary to acquire 30.91% of Zinitix's shares]

Xi Diwei announced that HMI, a second-tier wholly-owned subsidiary of the company, plans to acquire a total of 30.91% of Zinitix Co., Ltd. (“Zinitix”) for 21.005 billion won (equivalent to about RMB 0.109 billion). After the transaction is completed, HMI will hold 30.93% of Zinitix's shares, become the largest shareholder of Zinitix and be able to dominate its board of directors, and will appoint senior management personnel such as financial leaders on matters such as management, personnel, and finance Having decision-making power, Zinitix will become a holding subsidiary of the company. The company belongs to the same integrated circuit design company as Zinitix. Through this transaction, the company can rapidly expand its product categories, especially the touch chip product line, thereby broadening its technology and product layout in fields such as mobile phones and wearable devices.

Operation & Performance

[Hengxuan Technology: Net profit for the first half of the year increased by about 199.68% year on year]

Hengxuan Technology announced that it expects to achieve net profit of about 0.148 billion yuan in the first half of the year, an increase of about 0.098 billion yuan compared with the same period last year, and an increase of about 199.68% over the previous year. Revenue is expected to be around 1.531 billion yuan in the first half of the year, an increase of about 68.24% year on year. Among them, revenue for the second quarter is expected to be around 0.878 billion yuan, an increase of about 66.76% year on year, and revenue reached a record high in the single quarter. The main reasons are: the demand from customers in the downstream smart wearable and smart home sector continues to grow, driving revenue growth; the company continues to expand new products and customers in the smartwatch/bracelet market, gradually increasing its market share; and the company's next-generation smart wearable chip BES2800 has achieved mass production and shipment.

[Platinum: Net profit for the first half of the year increased by about 436% year on year]

Platinum revealed its performance forecast. The company expects to achieve net profit of about 95 million yuan in the first half of the year, an increase of 77.29 million yuan compared with the same period last year, and an increase of about 436% over the previous year. During the reporting period, the company continued to be deeply involved in the aerospace field and continued to explore new markets and application fields.

[Huahai Qingke: Net profit is expected to increase 13.61%-18.95% year-on-year in the first half of the year]

Huahai Qingke announced that net profit for the first half of the year is expected to be 0.425 billion yuan to 0.445 billion yuan, an increase of 13.61% to 18.95% year-on-year. During the reporting period, the company continued to increase R&D investment and production capacity building, the company's core competitiveness continued to improve, and the sales scale of special equipment such as CMP, wafer recycling and consumables services all increased to varying degrees over the same period. Huahai Qingke also announced that recently, the company's 500th 12-inch chemical mechanical polishing (CMP) equipment was launched and delivered to an advanced domestic integrated circuit manufacturer.

[Autaway: Net profit for the first half of the year increased 38.92% to 47.7% year-on-year]

Autoway released a performance forecast. It is expected to achieve net profit of 0.726 billion yuan to 0.772 billion yuan in the first half of the year, an increase of 38.92% -47.7% over the previous year. In the first half of 2024, the company continued to accept orders in progress, core products continued to maintain a competitive advantage, and operational efficiency continued to improve.

[Shannon Xinchuang: Net profit of 0.152 billion yuan - 0.228 billion yuan in the first half of the year]

Shannon Xinchuang released a performance forecast. It is expected to achieve net profit of 0.152 billion yuan to 0.228 billion yuan in the first half of the year, a year-on-year change of -13.9% to 29.15%. During the reporting period, benefiting from rising memory chip prices and increasing demand for memory chips from downstream customers, the company's revenue increased by about 80% in the first half of 2024. The securities market fluctuated greatly in the first half of the year. The impact of the reduction in the fair value of shares held by companies and subsidiaries on non-recurring profit and loss was about -63 million yuan in the first half of 2024, a decrease of about 0.17 billion yuan over the previous year.

[Weichai Power: Net profit for the first half of the year increased by 40%-60% year-on-year]

Weichai Power released a performance forecast. It is expected to achieve net profit of 5.46 billion yuan to 6.24 billion yuan in the first half of the year, an increase of 40% to 60% over the previous year. During the reporting period, the company actively promoted business and product structure optimization, strengthened implementation of cost reduction and efficiency measures, significantly increased profitability, and achieved significant year-on-year growth in performance.

[Shantui Co., Ltd.: Net profit for the first half of the year increased 25%-50% year-on-year]

Shantui Co., Ltd. announced a performance forecast. It is expected to achieve net profit of 0.378 billion yuan to 0.453 billion yuan in the first half of the year, an increase of 25% to 50% over the previous year. During the reporting period, the scale of the company's revenue increased, especially overseas revenue, which increased significantly compared to the same period last year; the company stepped up efforts to reduce costs and control expenses, and its profitability further improved.

[Zhongtong Bus: Net profit for the first half of the year increased 90%-130% year-on-year]

Zhongtong Bus released a performance forecast. It is expected to achieve net profit of 98 million yuan to 0.119 billion yuan in the first half of the year, an increase of 90%-130% over the previous year. During the reporting period, the company adjusted its sales structure, and export business continued to gain strength, and export sales and revenue achieved significant growth. At the same time, with changes in the macro environment, domestic travel demand increased, driving a further recovery in demand in the bus market.

[Dazu Laser: Net profit for the first half of the year increased by 181.34% — 192.97% year-on-year]

Dazu Laser released a performance forecast. It is expected to achieve net profit of 1.21 billion yuan to 1.26 billion yuan in the first half of the year, an increase of 181.34% to 192.97% over the previous year. During the reporting period, the company completed the disposal of the controlling subsidiary DazuST Technology Co., Ltd., and DazuST was no longer included in the scope of the company's consolidated statements. The transaction confirmed investment income of 0.89 billion yuan, which is an unrecurring profit and loss.

[Quanzhi Technology: Pre-profit of 0.112 billion yuan in the first half of the year - 0.128 billion yuan reverses losses year-on-year]

Quanzhi Technology released a performance forecast. It is expected to achieve net profit of 0.112 billion yuan to 0.128 billion yuan in the first half of the year and a loss of 16.9875 million yuan in the same period last year, reversing losses from the previous year. During the reporting period, benefiting from the recovery in the semiconductor industry, increased demand for downstream intelligent vehicles, industrial control, sweeping robots, intelligent projectors, etc., the company successfully mass-produced new products and solutions. Revenue increased by about 55% year-on-year, and the increase in revenue led to an increase in net profit.

[Changying Precision: Pre-profit of 0.37 billion to 0.45 billion yuan in the first half of the year reverses losses year-on-year]

Changying Precision released a performance forecast. In the first half of this year, it is expected to achieve net profit of 0.37 billion yuan to 0.45 billion yuan, reversing losses over the previous year. In the same period last year, the company lost about 0.132 billion yuan. In the first half of this year, the consumer electronics and new energy markets continued to recover. Major international and domestic customers all mass-produced and delivered important new projects. The company's revenue increased by about 30% year-on-year, reaching a record high in the first half of the year.

[Jinguan Electric: Net profit for the first half of the year increased 52.07%-58.15% year-on-year]

Jinguan Electric announced that it expects to achieve net profit of 50 million yuan to 52 million yuan in the semi-annual year of 2024, an increase of 52.07% to 58.15% over the previous year. In the first half of the year, the company's product revenue structure changed, and key lightning arrester product projects were delivered one after another. At the same time, the company continued to reduce costs and increase efficiency, and net profit increased significantly year-on-year.

[Songlin Technology: Net profit for the first half of the year increased 66.05%-90.96% year-on-year]

Songlin Technology released a performance forecast. It is expected to achieve net profit of 0.2 billion yuan to 0.23 billion yuan for the first half year of 2024, an increase of 66.05%-90.96% over the previous year. The company divested the loss-making “Song Lin Family” business in the third quarter of last year. During the reporting period, the company's main IDM hardware business maintained steady development. The company's foreign business achieved steady growth. Affected by the domestic macroeconomy, the domestic business declined, and the overall main business performance was stable.

[Hanshang Group: Net profit for the first half of the year is expected to drop by about 83.41% year on year]

Hanshang Group announced that it expects to achieve net profit of around 8 million yuan in the first half year of 2024, a decrease of about 40.2084 million yuan compared with the same period last year, and a year-on-year decrease of about 83.41%. During the reporting period, the subsidiary Chengdu Dikang Pharmaceutical Co., Ltd. was affected by factors such as collection and rising herbal medicine prices, which led to a decrease in profits; the subsidiary Chongqing Dikang Traditional Chinese Medicine Pharmaceutical Co., Ltd. resumed work and resumed production this year. Drug sales revenue was low and fixed expenses were high in the first half of the year; the commercial sector's profitability declined and adjustments led to a decrease in profits; the exhibition sector market gradually recovered, and profits increased compared to the same period last year.

[Jiejie Microelectronics: Net profit expected to increase by 105% to 135% in the first half of the year]

Jiejie Microelectronics announced that it expects net profit of 0.197 billion yuan to 0.226 billion yuan in the first half of 2024, an increase of 105% to 135% over the previous year. During the reporting period, the semiconductor industry recovered moderately, and the company focused on the main business development direction, market-oriented and innovation-driven, benefiting from factors such as gradual recovery in downstream market application demand, product structure upgrades, and increased customer demand.

[Langt Intelligence: Net profit for the first half of the year increased by 143.89% — 176.41% year-on-year]

Langt Intelligence released a performance forecast. It is expected to achieve net profit of 75 million yuan to 85 million yuan in the first half of the year, an increase of 143.89% to 176.41% over the previous year. The company achieved revenue of about 0.9 billion yuan in the first half of 2024, an increase of 128.24% over the previous year. During the reporting period, the company's sales revenue and net profit increased significantly compared to the same period last year. Among them, the consumer electronics business continued to expand and grow significantly.

[Lianke Technology: Net profit for the first half of the year increased by 101.54% to 114.98% year-on-year]

Lianke Technology released a performance forecast. It is expected to achieve net profit of 0.12 billion yuan to 0.128 billion yuan in the first half of the year, an increase of 101.54% to 114.98% over the previous year. The main reasons for the large increase in the company's profit level during the reporting period compared to the same period last year: first, the company's production and sales volume of various products increased; second, due to increased production and lower raw material costs, the profitability of silicon dioxide products per unit increased.

[Taihua New Materials: Net profit for the first half of the year increased 118.45%-151.21% year-on-year]

Taihua New Materials released a performance forecast. It is expected to achieve net profit of 0.4 billion yuan to 0.46 billion yuan in the first half of the year, an increase of 118.45% to 151.21% over the previous year. During the reporting period, the company's scale and brand effect continued to show. At the same time, the “Green Multifunctional Nylon New Material Integration Project” was gradually put into operation, and the company's main business revenue grew steadily, resulting in a significant increase in net profit compared to the same period last year.

[Innote: Net profit is expected to increase 166.11% year-on-year in the first half of the year]

Innote released a performance forecast. It is expected to achieve net profit of about 0.206 billion yuan in the first half of 2024, an increase of about 166.11% over the previous year. Benefiting from factors such as the continuous advancement of the national hierarchical diagnosis and treatment system, the release of a number of respiratory related clinical practice guidelines and expert consensus, increased patients' awareness of early diagnosis and treatment, and the company's increased efforts to develop the market in grade hospitals and primary care, the company maintained a good trend in market development in the first half of the year.

[Tian Deyu: Net profit of 0.102 billion yuan in the first half of the year increased 118.14% year over year]

Tiandeyu released a performance report. The first half of 2024 achieved operating income of 0.843 billion yuan, an increase of 67.74% year on year; net profit of 0.102 billion yuan, up 118.14% year on year; and basic earnings per share of 0.25 yuan. In the first half of the year, the company's market share continued to increase. New products such as mobile phone high refresh rate display driver chips, tablet display driver chips with pens, and four-color electronic price tag driver chips contributed particularly well to the company's performance in the first half of the year.

[Wencan Co., Ltd.: Net profit is expected to increase 403%-547% year-on-year in the first half of the year]

Wencan Co., Ltd. announced that it expects to achieve net profit of 70 million yuan to 90 million yuan in the first half of the year, an increase of 403.21% to 546.99% over the previous year. During the reporting period, the launch of new models and the increase in old projects of domestic NEV customers led to an increase in the company's product output and revenue. Body structural parts and integrated large casting products increased their share of the revenue structure as customers launched new models, which in turn led to an increase in profits; at the same time, some factory product delivery problems that occurred earlier in the Bairen Group were gradually improving.

[Shanghai Airport: Passenger throughput at Pudong International Airport increased 31.58% year-on-year in June]

Shanghai Airport announced that in June, the number of aircraft taking off and landing at Pudong International Airport was 4,2409, up 15.55% year on year; passenger throughput was 6.2711 million passengers, up 31.58% year on year. The number of aircraft taking off and landing at Hongqiao International Airport was 2,1677, a year-on-year decrease of 2.84%; passenger throughput was 3.8849 million passengers, an increase of 6.02% over the previous year.

[Zhongke Star Chart: Net profit for the first half of the year increased 55.73%-89.7% year-on-year]

Zhongke Star Map announced that it is expected to achieve net profit of 55 million yuan to 67 million yuan in the first half of the year, an increase of 55.73%-89.7% over the previous year.

[Haiguang Information: Net profit for the first half of the year increased 16%-31% year-on-year]

Haiguang Information announced that it is expected to achieve net profit of 0.788 billion yuan to 0.886 billion yuan in the first half of the year, an increase of 16.32%-30.78% over the previous year. During the reporting period, the company maintained and consolidated its current market position and competitive advantage through initiatives such as technological innovation, product iteration, and performance improvement around the general computing market, and achieved continuous growth in performance.

[Three Gorges Water Resources: Cumulative completed power generation in the first half of the year increased by 48.55% year-on-year]

According to the Three Gorges Water Resources announcement, in the first half of 2024, the hydropower plants of the company's subsidiaries and holding companies completed a cumulative total of 1.271 billion kilowatt-hours of power generation, an increase of 48.55% over the previous year; the cumulative feed-in capacity was 1.257 billion kilowatt-hours, an increase of 48.64% over the previous year.

[Sichuan Gold: Net profit for the first half of the year increased 51%-62% year-on-year]

Sichuan Gold released a performance forecast. It is expected to achieve net profit of 0.14 billion yuan to 0.15 billion yuan in the first half of the year, an increase of 51.14% to 61.94% over the previous year. During the reporting period, the company's mines continued to operate steadily. The year-on-year increase in net profit was mainly due to the increase in gold concentrate sales volume and gold prices.

[Crystal Integration: Pre-profit of 0.15 billion yuan in the first half of the year - 0.22 billion yuan reverses losses year-on-year]

According to the Crystal Integration announcement, it is expected to achieve net profit of 0.15 billion yuan to 0.22 billion yuan in the first half of the year, reversing losses from the previous year. The company lost 43.6102 million yuan in the same period last year. During the reporting period, the company's capacity utilization rate continued to increase. Since March, production capacity has remained at full capacity, and overall sales achieved rapid growth in the first half of the year. The company continues to enrich its product structure in the field of foundry, and DDIC continues to consolidate its advantages. CIS became the company's second-largest spindle product. In the first half of the year, the share of CIS in main business revenue continued to increase, and production capacity for middle- and high-end CIS products was at full capacity. At present, the company's 55nm medium and high-end single-chip and stacked CIS chip process platforms have been mass-produced, the 40nm high-voltage OLED chip process platform has been produced in small batches, and the development of the 28nm chip process platform is progressing steadily. At the same time, the company actively cooperates with the needs of the automotive industry chain, and some DDIC chips have already been used in the automotive field.

other

[AVIC Heavy Machinery: Shanghai Stock Exchange agrees to resume reviewing the company's stock issuance project]

China Aviation Heavy Industries announced that on July 12, the Shanghai Stock Exchange agreed to resume the review of the company's 2023 A-share issuance project to specific targets. Previously, the issuance of A-shares by the company to specific targets was administratively punished by the Jiangsu Securities Regulatory Bureau due to the hiring of Dahua Certified Public Accountants, and the Shanghai Stock Exchange suspended the review process for the company's current issuance of shares. The company has separately appointed Daxin Certified Public Accountants as an auditor to apply for this issue of shares.

[Communication Holdings: Controlling Shareholder Proposes Implementation of 2024 Mid-Term Dividend]

Communication Holdings announced that the company received a letter from the controlling shareholder Chuanyin Investment to propose a mid-term dividend for 2024, and proposed that the company implement the 2024 mid-term dividend on the premise that it meets the relevant requirements. The dividend ratio should not be less than 50% of the net profit returned to mother for the first half year of 2024. The specific profit distribution plan will be determined by the company based on its own business situation and review by the board of directors and shareholders' meetings. Voice Investment promises to vote in favor of the relevant meetings when considering the matter.

[Xuantai Pharmaceutical: Controlling Shareholder Proposes Implementation of 2024 Interim Dividend]

Xuantai Pharmaceutical announced that the company received a letter from Shanghai Lianhe Investment Co., Ltd., the controlling shareholder, proposing that the company implement the 2024 mid-term dividend. Lianhe Investment now proposes that the company formulate and implement the company's 2024 mid-term dividend matters as soon as possible based on actual business conditions.

[Zhuhai Guanyu: Received a fixed notice from a leading German car company]

Zhuhai Guanyu announced that the company recently received a fixed notice from a leading German car company. The customer chose the company as its designated supplier to develop and supply 12V automotive low-voltage lithium batteries.