Qingdao TGOOD Electric Co Ltd

TGOOD released its semi-annual report for 2026, achieving operating revenue of 6.635 billion yuan, up 6.07% year on year, and net profit attributable to shareholders of the listed company of 428 million yuan, up 30.73% year on year. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital. Net profit in the second quarter was 356 million yuan, while net profit in the first quarter was 72 million yuan, meaning second-quarter net profit rose 394% quarter on quarter.

Hairong Technology has signed a long-term strategic cooperation agreement with Hema China and others, while Yuntianhua says it will speed up the construction of its phosphogypsum-to-acid project. Hairong Technology agreed to use 130 million yuan of its own funds to acquire a 55 percent stake in Tanghe Food held by Tangdou Technology, with the cooperation period running until December 31, 2030. Yuntianhua stated that accelerating the phosphogypsum-to-acid project can partially reduce reliance on external sulfur purchases and strengthen its independent sulfur resource security capability. In addition, Sanhuan Group plans to repurchase no less than 500 million yuan and no more than 1 billion yuan of its own shares, while TGOOD plans to repurchase no less than 300 million yuan and no more than 600 million yuan of its own shares. A wholly owned subsidiary of Soling Industrial has signed an electronic equipment supply contract with Mitsubishi Heavy Industries worth approximately 130 million US dollars, accounting for 120 percent of the company's audited 2025 annual revenue.

On the evening of July 30, several listed companies disclosed important announcements. Dongpeng Beverage released its semi-annual report, with operating revenue reaching 12.443 billion yuan in the first half of 2026, up 15.89% year-on-year, and net profit attributable to shareholders of the listed company of 2.867 billion yuan, up 20.72% year-on-year. It also plans to distribute a cash dividend of 30 yuan for every 10 shares to all shareholders. The controlling shareholder of Dongyangguang proposed that the company repurchase shares with 300 million to 600 million yuan, while the controlling shareholder itself plans to increase its holdings by no less than 300 million yuan. Jahwa United announced that the tender offer results from Hangzhou Pinpianyi have been confirmed, and the company's shares will resume trading from July 31. In addition, Sanhuan Group, Wangsu Science & Technology, TGOOD, and other companies disclosed buyback plans, with buyback amounts ranging from tens of millions to 1 billion yuan. Huashu High-Tech expects first-half net profit to increase by about 87% year-on-year, while Yaxiang Integrated's net profit increased by 204.80%. Youyan New Materials plans to invest 486 million yuan to build the second-phase expansion project for high-purity sputtering targets for integrated circuits, and Rongbai Technology plans to invest about 4.723 billion yuan to build an integrated project in Xiantao with an annual output of 300,000 tons of sodium-ion battery cathode materials.

Green power direct-connect data centers are emerging as a new battleground for wind, solar and energy storage companies. Yang Haoqin, head of the AIDC product line at Envision Energy, said that green power direct-connect data centers have experienced rapid growth over the past one to two years and remain in a high-speed development phase. Many companies are shifting from operating new energy power stations to computing power stations, converting green electricity directly into computing power. In May this year, China's first large-scale computing-power coordinated green power direct-supply project, the 500-megawatt photovoltaic station at China Datang's Zhongwei Cloud Base, officially went into operation, delivering green power directly to end users at 0.36 yuan per kilowatt-hour, nearly half the average electricity cost in eastern regions. On the policy front, four government bodies including the National Development and Reform Commission issued an action plan that aims to establish a secure, green and economical energy security system by 2027. Envision and Tencent have launched the world's first 100 percent green power direct-supply data center in Chifeng, Inner Mongolia, cutting overall energy costs by more than 40 percent. The industry has now formed six major technical pathways including physical hard connections, virtual trading and computing-side dispatch. TGOOD introduced its computing power island power supply system, while Envision is building a zero-carbon power foundation spanning from chips to grids. Wind turbine manufacturers are particularly active, with Mingyang Smart Energy and Windey among those making moves. The National Development and Reform Commission and the National Energy Administration recently issued a document allowing new energy projects to build dedicated lines for direct supply, further clearing grid barriers.