Daqin Railway Co Ltd

Daqin Railway released its 2026 interim report, with net profit attributable to the parent company of 4.255 billion yuan, an increase of 140 million yuan from the same period last year, up 3.40% year-on-year. The company's total operating revenue was 39.597 billion yuan, up 6.20% year-on-year, achieving growth for two consecutive years. Net cash inflow from operating activities was 7.192 billion yuan, an increase of 7.77 billion yuan from the same period last year. The company's latest asset-liability ratio was 15.88%, gross margin was 12.94%, ROE was 2.58%, and diluted earnings per share was 0.21 yuan.

WuXi AppTec disclosed its 2026 semi-annual report, achieving operating revenue of 28.897 billion yuan, a year-on-year increase of 38.93 percent, and net profit attributable to the parent of 11.08 billion yuan, up 29.43 percent. It also raised its full-year overall revenue guidance from 51.3 billion to 53 billion yuan to 58.5 billion to 60.5 billion yuan. Daqin Railway plans to repurchase and cancel shares with its own funds of 400 million to 500 million yuan, at a repurchase price not exceeding 7.10 yuan per share. Torrance received a net institutional seat purchase of 103 million yuan. The company is a core domestic supplier of metal components for semiconductor equipment, with products compatible with advanced processes of 7 nanometers and below. The A-share market saw a contraction on August 3, with the STAR 50 Index falling 5.08 percent, but the micro-cap stock index rose 3.6 percent. The combined turnover of the Shanghai and Shenzhen markets was 1.9974 trillion yuan, with over 4,000 stocks advancing. The nuclear power sector strengthened on policy support, AI application themes remained active, the photovoltaic sector rebounded, while the memory chip segment came under pressure.

Daqin Railway announced that the company plans to use its own funds to repurchase shares through centralized bidding, with a repurchase amount of 400 million to 500 million yuan and a repurchase price not exceeding 7.10 yuan per share. All repurchased shares will be cancelled and registered capital will be reduced. The repurchase period will not exceed six months from the date of approval by the shareholders' meeting.

A number of A-share companies have collectively disclosed their share buyback progress for July, with leading firms making sizable repurchases that stood out in the market. Baijiu leader Wuliangye bought back approximately 802 million yuan in July alone, bringing its cumulative buyback amount to about 1.002 billion yuan as of July 31. The company had earlier approved a plan to repurchase shares worth between 8 billion and 10 billion yuan within 12 months. Luxshare Precision had spent a total of about 1 billion yuan on its A-share buybacks by the end of July. Yonghe Shares completed its first buyback of roughly 8.1774 million yuan on the very first trading day after its shareholders' meeting approved a 150 million to 300 million yuan repurchase plan. In addition, Daqin Railway plans to buy back shares worth 400 million to 500 million yuan and cancel all of them to reduce registered capital. Sungrow Power intends to use 500 million to 1 billion yuan for share buybacks to fund employee stock ownership plans or equity incentives. Unilumin Group, PoCo Holding, Hongjing Technology, and Shenglan Technology also disclosed buyback plans ranging from tens of millions of yuan to 200 million yuan.

Multiple listed companies on the Shanghai and Shenzhen exchanges disclosed positive announcements on the evening of August 3. Sunshine Co.'s controlled subsidiary plans to invest up to 980 million yuan in building the Sunshine Intelligent Computing Center project. Xingyun Technology has long-term framework orders for computing power and storage on hand exceeding 15.4 billion yuan. Hainan Expressway's wholly-owned subsidiary plans to acquire a 100 percent stake in Jiaokong Technology for 36.1038 million yuan. Rongbai Technology's Guizhou base, with an annual production capacity of 340,000 tons of lithium iron phosphate, is expected to be fully operational by the end of September. Shengda Resources' controlled subsidiary's Caiyuanzi copper-gold mine has entered the formal production stage. Laier Technology plans to raise no more than 1.17 billion yuan through a private placement for new energy carbon-coated foil and other projects. China Micro Corporation expects its first-half net profit to grow by 282.48 percent to 310.81 percent year-on-year. WuXi AppTec's first-half net profit rose 29.43 percent year-on-year, and it plans to distribute 5.1 yuan per 10 shares. Shandong Hi-Speed plans to repurchase shares worth 100 million to 200 million yuan for cancellation. Wuliangye has already spent 1.002 billion yuan on share repurchases. Daqin Railway plans to repurchase shares worth 400 million to 500 million yuan for cancellation. Sinoma International signed a 476 million US dollar equipment supply contract with a company under the Dangote Group. Gaole Co.'s wholly-owned subsidiary signed a 3.195 billion yuan computing power service contract. Nanfang Precision plans to bid for land and invest about 1.024 billion yuan in building a precision components project. Sungrow Power plans to repurchase shares worth 500 million to 1 billion yuan. Shida Shenghua plans to invest a total of 2.805 billion yuan in building three projects for liquid lithium salt, electrolyte, and others.

AMEC has disclosed an earnings forecast, estimating net profit attributable to owners of the parent for the first half of 2026 at 2.7 billion to 2.9 billion yuan, a year-on-year increase of 282.48% to 310.8%. Sunshine Co.'s holding subsidiary Sunshine Digital plans to invest no more than 980 million yuan to build the Sunshine Intelligent Computing Centre project in Xingning, Meizhou, Guangdong Province. Goldlok Toys' wholly-owned subsidiary Zhichen Technology has signed a 3.195 billion yuan computing power service contract with a customer for a service term of five years. Both Dali Technology and Renzi Xing have received approval from the Shenzhen Stock Exchange to remove their risk warnings, and will resume trading on August 5 with changed stock abbreviations. Daqin Railway plans to repurchase and cancel 400 million to 500 million yuan worth of shares at no more than 7.10 yuan per share. Bethel Automotive and Shenglan Technology have also disclosed repurchase plans. Soochow Securities' controlling shareholder, Guofa Group, plans to increase its shareholding by 100 million to 200 million yuan.

On the evening of August 3, several listed companies disclosed important announcements. Daqin Railway plans to repurchase shares at a price not exceeding 7.10 yuan per share, spending between 400 million and 500 million yuan to buy back and cancel all repurchased shares, thereby reducing registered capital. The controlling shareholder of Soochow Securities, Guofa Group, plans to increase its holdings of company shares by 100 million to 200 million yuan within six months. Both Bethel Automotive and Shenglan Technology plan to repurchase shares worth 100 million to 200 million yuan, to be used for employee stock ownership plans or equity incentives, and for equity incentives or convertible bond conversions, respectively. WuXi AppTec disclosed its half-year report, achieving operating revenue of 28.897 billion yuan in the first half of 2026, a year-on-year increase of 38.93%, with net profit attributable to shareholders of the listed company reaching 11.08 billion yuan, up 29.43% year-on-year, and plans to distribute a cash dividend of 5.10 yuan for every 10 shares. Advanced Micro-Fabrication Equipment expects a net profit attributable to the parent company of between 2.7 billion and 2.9 billion yuan for the first half of the year, a year-on-year increase of 282% to 310%, mainly due to revenue growth and a total of approximately 1.982 billion yuan in fair value changes and investment income from external equity investments. A subsidiary of Shida Shenghua's wholly-owned unit plans to invest in the construction of a 230,000-ton-per-year liquid lithium salt project, with an estimated total investment of 1.9 billion yuan and a reported investment of 1.7973723 billion yuan; another wholly-owned subsidiary plans to invest in a 200,000-ton-per-year electrolyte project, with an estimated total investment of 721.5 million yuan; additionally, the wholly-owned subsidiary Dongying Company plans to invest in a 12,000-ton-per-year additive project, with an estimated reported total investment of 285.87 million yuan. The wholly-owned subsidiary of Goldlok Holdings, Zhichen Technology, signed a computing power service contract worth 3.195 billion yuan, with a service term of five years, expected to add approximately 200 million yuan in revenue for the company in 2026. Both Dali Technology and Renzi Xing received approval from the exchange to remove their risk warnings, will suspend trading for one day on August 4, and resume trading on August 5 with changed stock abbreviations.

Over the past week, Shanghai-listed companies launched 42 new buyback plans with a maximum value of 8.386 billion yuan, and 17 new shareholding increase plans with a maximum value of 7.457 billion yuan, marking a clear acceleration in industrial capital entering the market. The chairman of NARI Technology proposed a buyback of 500 million to 1 billion yuan worth of shares, the chairman of Daqin Railway proposed a buyback of 400 million to 500 million yuan, Sany Heavy Industry plans to repurchase A-shares worth 400 million to 800 million yuan, and Yifeng Pharmacy Chain plans to repurchase shares worth 200 million to 300 million yuan. On the shareholding increase side, the controlling shareholder of China Three Gorges Renewables plans to increase holdings by 1.5 billion to 3 billion yuan, the controlling shareholder of Aluminum Corporation of China plans to increase holdings by 1 billion to 2 billion yuan, and the controlling shareholder of China State Construction Engineering plans to increase holdings by 500 million to 1 billion yuan. Since the beginning of this year, Shanghai-listed companies have disclosed 190 new buyback plans with a total maximum value of 55.5 billion yuan, and 155 new shareholding increase plans with a total maximum value of 22.1 billion yuan.

A wave of share buybacks and shareholder increases continues to surge among companies listed on the Shanghai Stock Exchange, with the pace of industrial capital entering the market notably accelerating. Over the past week, 42 new buyback plans were added on the Shanghai market, with a maximum amount of 8.386 billion yuan, and 17 new shareholder increase plans were added, with a maximum amount of 7.457 billion yuan. Since the start of 2026, the Shanghai market has disclosed 190 new buyback plans, with a combined maximum amount reaching 55.5 billion yuan, and 155 new shareholder increase plans, with a maximum amount of 22.1 billion yuan. Many companies are making big moves. The chairman of NARI Technology proposed a buyback of 500 million to 1 billion yuan, the chairman of Daqin Railway proposed a buyback of 400 million to 500 million yuan, Sany Heavy Industry plans to buy back 400 million to 800 million yuan, and Yifeng Pharmacy Chain plans to buy back 200 million to 300 million yuan. The implementation of funds is also speeding up. Haier Smart Home has cumulatively bought back 1.817 billion yuan in this round, Seres has cumulatively bought back over 587 million yuan, Metallurgical Corporation of China has completed transactions totaling about 415 million yuan, and Chenguang Stationery has paid a total of 288 million yuan. On the shareholder increase side, the controlling shareholder of China Three Gorges Renewables plans to increase holdings by 1.5 billion to 3 billion yuan, the controlling shareholder of Aluminum Corporation of China plans to increase holdings by 1 billion to 2 billion yuan, and the controlling shareholder of China State Construction Engineering plans to increase holdings by 500 million to 1 billion yuan.

Daqin Railway announced that Chairman Lu Yong has proposed the company use its own funds to repurchase shares through centralized bidding, with a repurchase amount of 400 million to 500 million yuan. The repurchased shares will be used to reduce registered capital. The upper limit of the repurchase price will not exceed 150 percent of the average trading price of the stock over the 30 trading days before the board approves the repurchase plan. The repurchase period will be within six months from the date the shareholders' meeting approves the plan. Lu Yong did not buy or sell company shares in the six months before the proposal and currently has no plans to increase or decrease holdings. This matter still requires approval from the board of directors and the shareholders' meeting, and there is uncertainty.