Western Mining Co Ltd

Topstar Technology plans to acquire a 49 percent stake in Lailer Optoelectronics for 147 million yuan, entering the high-growth optical communications sector. After the transaction is completed, Lailer Optoelectronics will become an associated company of Topstar Technology, and the seller has committed to purchasing no less than 30 million yuan of Topstar Technology A-shares within six months. In the first half of the year, Topstar Technology achieved revenue of 1.288 billion yuan, up 18.61 percent year on year, with net profit attributable to the parent company of 104 million yuan, up 262.99 percent year on year. The company submitted its IPO application to the Hong Kong Stock Exchange for the second time in July 2026, and the process is currently progressing in an orderly manner. In addition, lithium carbonate prices have continued to rebound after hitting a low of 132,500 yuan per tonne on July 22, with a cumulative increase of 14.17 percent since August. Half-year results for lithium mining stocks have generally improved significantly, with net profits doubling year on year for seven companies including Qinghai Salt Lake Industry, Western Mining, and Ganfeng Lithium.

Western Mining released its 2026 interim report, with net profit attributable to the parent company reaching 4.169 billion yuan, an increase of 2.3 billion yuan compared to the same period last year, up 123.03% year-on-year, marking three consecutive years of growth. The company's total operating revenue was 39.443 billion yuan, up 24.74% year-on-year, achieving four consecutive years of growth. Net cash inflow from operating activities was 8.349 billion yuan, up 66.65% year-on-year. The company's latest asset-liability ratio was 53.72%, a decrease of 5.25 percentage points from the same period last year; gross margin was 23.91%, an increase of 3.93 percentage points year-on-year; ROE was 18.60%, an increase of 7.34 percentage points year-on-year. Diluted earnings per share were 1.75 yuan, up 124.36% year-on-year.

On the evening of July 29, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Tianzhihang plans to acquire a 62% stake in Shanghai Minimally Invasive Orthopaedics Medical Technology Co., Ltd. through a share issuance and raise supporting funds, with trading in its shares resuming on July 30. GigaDevice Chairman Zhu Yiming proposed a share buyback of 1 to 2 billion yuan for cancellation, and also plans to increase his holdings in the company by no less than 1 billion yuan. Entive Smart Kitchen's wholly-owned subsidiary Gansu Yisuan signed a computing power resource service contract worth 1.106 billion yuan, while Yongding Co.'s controlling subsidiary Suzhou Dingxin Optoelectronics signed an order for high-power laser chips worth approximately 1.133 billion yuan. Western Mining disclosed its half-year report, with net profit for the first half reaching 4.169 billion yuan, up 123% year-on-year. In addition, companies such as Lianchuang Electronics and Jiayun Technology are set to see changes in their actual controllers, and Hua Wen will have its delisting risk warning removed starting July 31.

Tianzhihang is planning to acquire a 62% stake in Shanghai Minimally Invasive Orthopedics Medical Technology Co., Ltd. through a share issuance, along with raising supporting funds, which is expected to constitute a major asset restructuring. Trading in the company's shares will resume on July 30. Jianghuai Micro is set to acquire a 15.50% stake in its holding subsidiary, Jiangyin Jianghuai Fuxin Electronic Materials Co., Ltd., for 1.5024 million yuan, after which it will hold 100% equity. Zhongke Tongda shareholder Wuhan Optics Valley Growth Venture Capital Fund plans to reduce its holdings by no more than 3.4911 million shares, representing no more than 3.00% of total share capital. Hunan Haili's controlling shareholder, Haili Group, increased its holdings by 1.6177 million shares, raising its stake from 23.71% to 24.00%, with the equity change hitting a 1% integer multiple. GigaDevice's actual controller, Zhu Yiming, plans to increase his holdings in the company from December 13, 2026, to July 29, 2027, with the increase amounting to no less than 1 billion yuan. Western Mining reported a first-half net profit attributable to the parent of 4.169 billion yuan, up 123% year-on-year; Chengtun Mining reported a first-half net profit attributable to the parent of 1.804 billion yuan, up 71.37% year-on-year; Hongfa Technology reported a first-half net profit attributable to the parent of 1.156 billion yuan, up 19.89% year-on-year. AsiaInfo Security's holding subsidiary, AsiaInfo China, had bank account funds of 151 million yuan frozen, accounting for 8.71% of the company's latest audited net assets. Bio-chem Technology shareholder Guangyao Zhixin had 37.59 million company shares frozen. Century Huatong shareholders Yaoquru, Yiqusheng, Jiyufan, and Huatong Holdings were ordered by the Zhejiang Securities Regulatory Bureau to take corrective measures and had the matter recorded in their integrity files for failing to fulfill 2020 performance commitment compensation obligations. In response to a Shanghai Stock Exchange annual report inquiry, Yunzhong Technology disclosed that its MLCC business had on-hand orders at the end of June 2026 that surged 831.50% compared to the end of December 2025, but the business remains in a loss-making state. In 2025, its operating revenue was 60.1524 million yuan, accounting for 10.68% of the company's total operating revenue, with products mainly used in the consumer electronics sector and not yet applied in AI computing servers.

Western Mining has disclosed its earnings forecast, estimating net profit attributable to shareholders of the parent company for the first half of 2026 at 4.0 billion to 4.3 billion yuan, representing a year-on-year increase of 114% to 130%. Net profit after deducting non-recurring items is expected to be 4.04 billion to 4.34 billion yuan, up 120% to 137% year-on-year. The company stated that the profit growth was mainly due to the sustained favorable prices in the non-ferrous metals market during the reporting period, with prices of copper, gold, and silver products rising compared to the same period last year.

GigaDevice has released its half-year performance forecast, estimating net profit attributable to shareholders of the listed company for the first half of 2026 at approximately 6.9 billion yuan, a year-on-year increase of about 1,099 percent, mainly driven by tight supply in the memory chip industry, with both volume and price of the company's memory chip products rising, and microcontroller product shipments also achieving good growth. Foxconn Industrial Internet expects first-half net profit of 23.4 billion to 24.4 billion yuan, up 93 to 101 percent year-on-year, with shipments of data center switches of 800G and above growing 1.4 times year-on-year. Western Mining expects first-half net profit of 4 billion to 4.3 billion yuan, up 114 to 130 percent year-on-year, as prices of copper, gold, and silver products rose compared with the same period last year. Sunwave Communications expects first-half net profit of 40 million to 55 million yuan, up 1,428.58 to 2,001.80 percent year-on-year, with internet business revenue achieving growth. Han's Laser expects first-half net profit of 1.25 billion to 1.35 billion yuan, up 156.07 to 176.55 percent year-on-year, with the revenue share of AI PCB solutions increasing. Tinci Materials expects first-half net profit of 2.7 billion to 3 billion yuan, up 907.84 to 1,019.82 percent year-on-year, with strong market demand for lithium-ion battery materials such as electrolyte and lithium hexafluorophosphate. Capchem expects first-half net profit of 970 million to 1.03 billion yuan, up 100.48 to 112.88 percent year-on-year, with the market share of core products in the electronic information chemicals business steadily increasing. Meichang New Materials expects first-half net profit of 295 million to 315 million yuan, up 248.45 to 272.08 percent year-on-year, with the shipment share of tungsten wire diamond wire increasing. Tianhua New Energy expects first-half net profit of 2.2 billion to 2.4 billion yuan, turning from a loss to a profit year-on-year, with both volume and price of lithium battery materials rising. Shenhuo Coal & Power expects first-half net profit of 4.8 billion yuan, up 152.04 percent year-on-year, with selling prices of electrolytic aluminum and coal products rising year-on-year. Feilong Auto Components expects first-half net profit of 68 million to 80 million yuan, down 61.98 to 67.69 percent year-on-year, affected by exchange rate fluctuations, intensified industry competition, and rising raw material prices. Dalian Insulator expects first-half net profit of 140 million to 180 million yuan, up 200.55 to 286.43 percent year-on-year, having completed product supply for key ultra-high voltage projects. Baotou Steel and Northern Rare Earth both adjusted the rare earth concentrate transaction price for the third quarter to 38,565 yuan per ton excluding tax, down 0.62 percent quarter-on-quarter. Caitong Securities expects first-half net profit of 1.84 billion to 1.95 billion yuan, up 70 to 80 percent year-on-year, with significant year-on-year growth in proprietary investment, wealth management, private equity investment, and investment banking businesses. Dinglong shares expects first-half net profit of 510 million to 540 million yuan, up 63.96 to 73.61 percent year-on-year, with major breakthroughs in the CMP polishing fluid and cleaning fluid business. Han's CNC expects first-half net profit of 900 million to 1 billion yuan, up 241.85 to 279.84 percent year-on-year, with the revenue share of AI PCB-related solutions significantly increasing. Zijin Mining expects first-half net profit of approximately 39.1 billion yuan, up about 68 percent year-on-year, with profits from rare and precious metals and other products increasing substantially year-on-year. Allwinner Technology expects first-half net profit of 475 million to 515 million yuan, up 194.73 to 219.55 percent year-on-year, with operating revenue increasing about 40 percent year-on-year. Enjie shares expects first-half net profit of 736 million to 900 million yuan, turning from a loss to a profit year-on-year, with production and sales of main products continuing to grow. Hongfuhan expects first-half net profit of 73 million to 83 million yuan, up 221.13 to 265.13 percent year-on-year, with the scale of heat dissipation and automation equipment business growing. Qianyuan Power expects first-half net profit of 220 million to 255 million yuan, up 73.01 to 100.54 percent year-on-year, with power generation increasing 26.10 percent year-on-year. Zhengbang Technology expects a first-half net loss of 700 million to 800 million yuan, turning from a profit to a loss year-on-year, with the average selling price of commercial pigs declining year-on-year. COSCO Shipping Specialized Carriers expects first-half net profit of 1.279 billion to 1.402 billion yuan, up 55 to 70 percent year-on-year, with demand for specialized vessels surging. Wynca expects first-half net profit of 240 million to 260 million yuan, up 247 to 276 percent year-on-year, with market selling prices of leading products rising. In addition, Azure intends to invest 290 million US dollars in Indonesia to build a 5 gigawatt-hour cylindrical lithium battery project, Tiansheng shares plans to establish a joint venture with Beijing Kangte Electronics to invest in a quartz crystal resonator project, Xinrui shares plans to acquire 80 percent equity of Huilian Electronics for 800 million yuan, Neusoft Corporation plans to repurchase shares for cancellation with 100 million to 200 million yuan, Datang Power plans to raise no more than 8 billion yuan for multiple power plant expansion projects, and Hangyu Technology has signed a long-term supply agreement for aero-engine rotating parts with an estimated total value of about 240 million yuan.