Sichuan Changhong Electric Co Ltd

Sichuan Changhong released its 2026 interim report. Total operating revenue was 58.274 billion yuan, up 2.77% year-on-year. Net profit attributable to the parent company was 1.646 billion yuan, a sharp year-on-year increase of 228.62%. Net cash flow from operating activities was negative 3.672 billion yuan. The asset-liability ratio was 74.54%, gross margin was 7.95%, and return on equity was 9.90%. Diluted earnings per share were 0.36 yuan, up 229.59% year-on-year. The company had 593,400 shareholders, and the top ten shareholders held 26.37% of total share capital.

Zhongjiu Flash Medical Technology has listed an equity expansion on the Southwest United Equity Exchange, aiming to raise no more than 400 million yuan for core business development. The company is the first in China to engage in the research, development, and industrialization of FLASH radiotherapy technology, having established dual technical pathways for electron beams and X-rays. Its e-Flash system has entered clinical trials, while X-Flash is about to begin clinical trials. Zhongjiu Flash plans to increase its registered capital by up to 126.2347 million yuan, with new shareholders holding no more than 20 percent after the capital increase, and Changhong Group remaining the largest shareholder. Sichuan Changhong announced that a parent fund it participates in intends to invest up to 60 million yuan in Zhongjiu Flash, corresponding to an equity value of approximately 30.8 million yuan.

Sichuan Changhong has issued an earnings forecast, projecting net profit attributable to shareholders of the listed company for the first half of 2026 at 1.58 billion to 1.9 billion yuan, representing a year-on-year increase of 215% to 279%. The sharp rise in earnings is mainly driven by a significant increase in non-recurring gains, boosted by a rise in the fair value of its investee company Sichuan Huafeng Technology.

Star-net Ruijie shot straight up after the open and hit its daily limit up within two minutes, marking its sixth limit-up board in ten trading days. The company expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 310 million and 430 million yuan, representing year-on-year growth of 46.27 percent to 102.90 percent. The increase is mainly due to a substantial rise in data centre switch business from its subsidiary serving internet clients, as well as higher fair value gains from an industry fund and increased equity transfer income. On the news front, institutional research notes point out that AI data centre switches are entering a triple resonance of demand surge, speed upgrades, and domestic substitution, with the adoption rate of domestic switches expected to rise. In addition, the electronic specialty gas theme strengthened, with Jove Energy hitting limit up at the open and notching two consecutive boards, after the Ministry of Commerce and the General Administration of Customs decided to impose temporary export controls on helium. The Huawei Ascend concept saw a sudden surge, with Sichuan Changhong hitting limit up in a straight line, as the 2026 World Artificial Intelligence Conference is about to open and Ascend's super node will make its debut. The traditional Chinese medicine theme was active, with Longshen Rongfa surging by the 20 percent limit, after the State Council approved in principle the 15th Five-Year Plan for the Revitalisation and Development of Traditional Chinese Medicine.