Sichuan Mingxing Electric Power Co Ltd

Mingxing Electric Power released its 2026 interim report, with total operating revenue of 1.558 billion yuan, up 2.25% year-on-year, and net profit attributable to the parent of 53.093 million yuan, down 27.98% year-on-year. Net cash inflow from operating activities was 66.1171 million yuan, down 5.61% year-on-year. The company's asset-liability ratio was 27.66%, gross margin was 6.36%, ROE was 1.71%, and diluted earnings per share was 0.10 yuan. The number of shareholders was 58,300, and the top ten shareholders held 35.08% of the total share capital.

On the evening of July 21, multiple listed companies on the Shanghai and Shenzhen exchanges disclosed announcements including semi-annual earnings forecasts, buyback and share increase plans, and major contracts. Yuanjie Technology expects first-half net profit to rise by 1,196.91% to 1,304.98% year-on-year. Zhongyi Technology forecasts an increase of 879.55% to 1,075.46%. Feinan Resources projects growth of 245.36% to 314.43%. Jin Yang Precision anticipates a rise of 138.8% to 180.33%. Yaokang Bio expects an increase of 46.67% to 60.78%. Tengjing Technology forecasts growth of 31.19% to 42.12%. Guangqi Technology, however, expects a decline of 5.64% to 24.3%. Leshan Electric Power's net profit fell 12.9% year-on-year. Mingxing Electric Power dropped 27.91%. CloudWalk Technology narrowed its loss by 62.3% to 69.84% year-on-year. In terms of buybacks, Sungrow Power's chairman proposed a buyback of 500 million to 1 billion yuan. Putailai plans to buy back 200 million to 300 million yuan. Jiuli Special Materials intends to repurchase 200 million to 400 million yuan. Xinghui Environmental Materials and Gao Neng Environment both plan buybacks of 100 million to 200 million yuan. Guangdong Mingzhu's chairman proposed a buyback of 100 million to 150 million yuan. Weichai Power's controlling shareholder plans to increase its A-share holdings by 200 million to 400 million yuan. Hunan Haili's controlling shareholder intends to increase holdings by 85 million to 170 million yuan. Among major contracts, Tianshun Wind Energy signed a crude oil tanker construction contract worth approximately 1.874 billion yuan. Pinggao Electric won bids totaling about 1.818 billion yuan for State Grid procurement projects. A subsidiary of Kanghui Corporation signed a computing power service contract with an estimated total value of 415 million to 679 million yuan. Additionally, GigaDevice plans to use 500 million yuan of raised funds to increase capital in Zhuhai Xincun for a DRAM project. JinkoSolar changed the use of 29.7213 million repurchased shares and will cancel them. Wuzhou Medical intends to acquire 100% equity in Xuanzhi Technology to enter the motor control chip sector. ST Dongjing will have its delisting risk warning removed starting July 23.

Mingxing Electric Power released its preliminary earnings report, showing that net profit attributable to shareholders of the listed company in the first half of 2026 fell 27.91% year-on-year. The company achieved total operating revenue of 1.558 billion yuan, up 2.25% year-on-year, but a decline in average electricity selling prices led to higher revenue without higher profit. Net profit attributable to shareholders of the listed company was 53.1462 million yuan, and net profit after deducting non-recurring gains and losses was 43.9353 million yuan, down 38.46% year-on-year. The company stated that the decline in net profit mainly stemmed from structural changes on the electricity sales side, the continuation of time-of-use electricity pricing policies, and lower market-based trading electricity prices. In the first half, self-generated on-grid electricity volume rose 15.48% year-on-year, electricity sales volume increased 2.45%, and water sales volume grew 3.27%. As of the close on July 21, Mingxing Electric Power shares fell 5.85% to 8.53 yuan, giving a total market value of 4.673 billion yuan.