China XD Electric Co Ltd

China XD Electric released its 2026 interim report, with net profit attributable to the parent company of 688 million yuan, up 15.03% from the same period last year. Total operating revenue was 12.233 billion yuan, up 7.96% year on year, marking five consecutive years of growth. Net cash flow from operating activities was negative 297 million yuan. The latest asset-liability ratio was 45.62%, down 0.84 percentage points from the same period last year. The company's latest gross margin was 24.54%, up 1.18 percentage points from the previous quarter, achieving 13 consecutive quarters of increase.

China National Chemical Corporation announced that the total value of contracts signed from January to June 2026 reached 209.49 billion yuan. At the macro level, Ministry of Finance data shows that stamp duty revenue from securities transactions in the first half of the year was 154.9 billion yuan, up 97.3 percent year on year. China Securities Regulatory Commission Chairman Wu Qing met with Graham, President of Canada Pension Plan Investment Board, and the two sides exchanged views on topics including investing in China's capital market. Beijing State-owned Capital Operation and Management Company said it has invested nearly 10 billion yuan in the stock market. At the company level, a subsidiary of Jereh Group signed a 1.465 billion US dollar contract for the supply of gas turbine generator sets. A subsidiary of China XD Group won bids totaling about 4.129 billion yuan for State Grid procurement projects. Goldenmax International plans to invest about 2 billion yuan in a capacity expansion project in Zhuhai.

China XD Electric announced that 14 of its subsidiaries have won bids for equipment procurement under State Grid Corporation of China's 2026 ultra-high voltage and power transmission and transformation projects, with a cumulative bid amount of approximately 4.12893 billion yuan. Among them, ultra-high voltage projects accounted for 2.63199 billion yuan, and power transmission and transformation projects accounted for 1.49694 billion yuan, involving transformers, converter valves, circuit breakers and other equipment. The project contracts have not yet been signed, and there is uncertainty regarding delivery times and the impact on current performance.

On the evening of July 15, several listed companies released positive announcements. Biwin Storage expects to achieve a net profit attributable to owners of the parent company of 7 billion to 7.5 billion yuan for the first half of 2026, turning around from a loss in the same period last year. Konfoong Materials International forecasts a net profit attributable to the parent company of 480 million to 560 million yuan for the first half of 2026, representing a year-on-year increase of 89.99 percent to 121.65 percent. Great Power Energy and Technology expects a net profit attributable to the parent company of 800 million to 866 million yuan for the first half of 2026, swinging from a loss to a profit. Dapu Microelectronics anticipates a net profit attributable to the parent company of 1.2 billion to 1.35 billion yuan for the first half of 2026, also turning around from a loss. In addition, Shijia Photonics plans to raise no more than 2.8 billion yuan through a private placement for projects including the construction of high-speed AWG chip and optical interconnect component production capacity. China Jushi plans to invest 2.405 billion yuan to build a production line with an annual output of 250 million meters of electronic fabric. China XD Electric intends to participate in establishing Chongqing XD Electric Switchgear Company to implement a smart factory project. Canqin Technology plans to raise no more than 851 million yuan through a private placement for projects such as the industrialization of advanced ceramic packaging. A subsidiary of Huitian New Materials plans to invest 126 million yuan to build a project with an annual output of 72,000 tons of lithium battery electrode adhesive. Fengxing Co. plans to purchase a 25 percent stake in Baiyin Huaxin for 147.5 million yuan to implement transformation and upgrading. The chairman of Zhongchuang Zhiling has proposed a share buyback of 300 million to 400 million yuan. Heshun Electric has won a bid for a mobile energy storage power service project from CNPC Technical Service, with an estimated contract value of 141 million yuan. A wholly-owned subsidiary of Xianfeng Holdings plans to establish a joint venture to lay out the PCB business. Jingce Electronic intends to acquire a 41.17 percent stake in Shanghai Jingce and will resume trading on the 16th.