Yunnan Yuntianhua Co Ltd

Yuntianhua released its 2026 interim report, with net profit attributable to the parent company of 2.934 billion yuan, up 6.14% from the same period last year. Total operating revenue was 22.821 billion yuan, down 8.92% year-on-year. Net cash inflow from operating activities was 2.945 billion yuan, down 30.16% year-on-year. The latest asset-liability ratio was 47.48%, and gross margin was 20.89%, achieving three consecutive years of growth. Diluted earnings per share were 1.61 yuan.

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.

ST Site's wholly-owned subsidiary, Xuancheng Site, plans to invest approximately 866 million yuan in a fine phosphate transformation and upgrade project. The construction period is from January 2027 to October 2028, with funding from its own and self-raised capital. The company stated that the project aims to extend the phosphorus chemical industry chain and increase product added value, and is not expected to have a significant impact on the company's performance in the short term. Currently, the phosphorus chemical industry chain is experiencing sustained warming. Yuntianhua's joint-stock company plans to invest 8.169 billion yuan in a 10-million-ton-per-year phosphate mining project, and Xinyangfeng plans to invest 6.2 billion yuan in an integrated base for phosphorus-based new energy and new materials. The industry is accelerating its transformation from traditional fertilizers to new energy materials.

Yuntianhua's wholly-owned subsidiary, Tianju New Materials, plans to invest 1.857 billion yuan to build a 100,000-ton-per-year high-end copolymer formaldehyde resin project in Changshou District, Chongqing. Kweichow Moutai announced that starting from midnight on July 18, 2026, the retail price of Feitian 53% vol 500ml Kweichow Moutai 2026 on the iMoutai platform will be raised from 1,539 yuan per bottle to 1,639 yuan per bottle, and the sales contract price will be raised from 1,269 yuan per bottle to 1,369 yuan per bottle. Zhao Long, the actual controller, chairman, and general manager of Huichen Co., Ltd., has been criminally detained by public security authorities on suspicion of illegal disclosure or non-disclosure of important information. Several companies disclosed their semi-annual performance forecasts, among which Zhiwei Intelligent's net profit increased by 281.92% year-on-year, Xiechuang Data expects net profit to increase by 247.18% to 339.76% year-on-year, and Eoptolink expects net profit to increase by 77.56% to 102.93% year-on-year. TCL Zhonghuan plans to invest approximately 11.96 billion yuan through a controlling subsidiary to build a semiconductor large silicon wafer project for integrated circuits in Shenzhen, and Huike Co., Ltd. plans to invest 4 billion yuan to establish a wholly-owned subsidiary to carry out advanced packaging and testing projects. ST Wenfeng and its controlling shareholder have been placed on file for investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations.

Yuntianhua's wholly-owned subsidiary, Chongqing Yuntianhua Tianju New Materials Co., Ltd., plans to invest in the construction of a 100,000-ton-per-year high-end copolymerized formaldehyde resin project, with a total investment of 1.857 billion yuan. Of this, 557 million yuan will come from its own funds, and the remainder will be raised through bank loans and other means. The project is located in the Changshou District Economic and Technological Development Zone in Chongqing. It includes a 100,000-ton-per-year high-end copolymerized formaldehyde resin unit, two 240,000-ton-per-year formaldehyde units, a 400-ton-per-year methylal unit, a 100-ton-per-year catalyst unit, and supporting facilities. Construction is expected to start in December 2026. The company currently has an annual copolymerized formaldehyde production capacity of 90,000 tons. This project will use self-developed production technology, which will further reduce energy consumption and improve product purity. The existing full range of products has already been certified by mainstream customers in the automotive and electronics industries, covering high-value-added mid-to-high-end sectors such as new energy vehicles, precision electronic appliances, and medical precision instruments. Yuntianhua stated that the project aligns with its development strategy and will drive the transformation of its polyformaldehyde business from leading in scale and quantity to leading in product quality. It will increase applications in mid-to-high-end emerging fields and further enhance the profitability of polyformaldehyde products.