Olympic Circuit Technology Co Ltd

Lenovo Group disclosed its first fiscal quarter results, with revenue reaching a record high, its server business surging, and AI becoming the core growth engine. Revenue for the quarter was 183.4 billion yuan, up 43 percent year on year. Adjusted net profit exceeded the 1 billion US dollar mark for the first time, equivalent to more than 7.3 billion yuan, up 176 percent year on year. Adjusted net profit margin nearly doubled year on year to 4.0 percent. The Infrastructure Solutions Group saw revenue rise 98 percent year on year to 57.9 billion yuan, with an operating margin of 9.1 percent. The Intelligent Devices Group posted revenue of 116.4 billion yuan, and its PC market share gap widened for the tenth consecutive quarter. The Solutions and Services Group revenue grew 28 percent year on year to 19.6 billion yuan, with an operating margin above 24 percent. AI-related business revenue accelerated to 63.4 billion yuan, up 60 percent year on year. Boosted by this, computing power hardware stocks continued to climb in the afternoon session. Cambridge Technology, Olympic Circuit Technology, and Chunqiu Electronics hit their daily limit up. US AI server suppliers rose in overnight trading, with Dell Technologies up more than 4 percent.

Olympic Circuit's controlled subsidiary Shiyuan Investment plans to use its own funds of 70 million yuan to participate in a capital increase of Platide Electronics. After the transaction, it will hold a 19.7183% stake in Platide. The deal consists of a capital increase and an equity transfer. Shiyuan Investment will subscribe to Platide's newly increased registered capital of 13.5944 million yuan for 70 million yuan, while Kunpeng Guangyuan Fund will subscribe to 2.9131 million yuan of new registered capital for 15 million yuan. At the same time, related party Heshan Lianzhi Investment Co., Ltd. and five non-affiliated investors will acquire part of the equity held by the original controlling shareholder Derun Electronics. After the transaction, Derun Electronics' shareholding will drop from 45.25% to 4.84%, and Platide's controlling shareholder will remain Shunyi Asia Pacific. Through this investment, Olympic Circuit enters the power battery pack connection system CCS field, aiming to break through the boundaries of its single PCB business and strengthen its strategic layout in the new energy vehicle core supply chain. Both parties can share customer and supply chain resources. In the first half of 2026, Platide achieved operating revenue of 412 million yuan and net profit attributable to the parent of 5.6844 million yuan. Its new FFC and FCC products have entered the stage of mass delivery and production ramp-up.

Shanghai-listed companies set a monthly record for new buyback and shareholding increase plans in July. As of July 31, a cumulative total of 89 new buyback plans were disclosed by Shanghai-listed companies, with a maximum buyback amount of nearly 20.4 billion yuan, and 67 new shareholding increase plans were disclosed, with a maximum amount of nearly 13.7 billion yuan. July's buyback and shareholding increase activities featured a high number of plans, market support intentions, and rapid purchases. Industrial capital was the main force, with private enterprises, central and state-owned enterprises, and other funds entering the market collectively. In terms of implementation progress, plan disclosures and executions were highly synchronized, with funds accelerating deployment in late July. Thirty companies, including COSCO Shipping Holdings and Huaqin Technology, quickly carried out their first buybacks after announcing their plans, while Olympic Circuit completed a buyback of nearly 300 million yuan in just two trading days.

Olympic Circuit's controlled subsidiary, Jiangmen Shiyuan Equity Investment Partnership, plans to invest 70 million yuan of its own funds to increase capital in Bolati, and upon completion of the transaction will acquire a 19.7183% stake in Bolati. Meanwhile, related party Heshan Lianzhi Investment Co., Ltd. plans to acquire a 4.2254% stake corresponding to 2.91 million yuan of registered capital in Bolati held by ST Derun. An existing shareholder of Bolati, Shunyi Asia Pacific Co., Ltd., is a company actually controlled by She Yingjie, vice chairman and general manager of Olympic Circuit. Lianzhi Investment is 58.20% held and actually controlled by She Junjie, the younger brother of She Yingjie. The current directors of Bolati include She Yingjie, vice chairman and general manager of Olympic Circuit, and Wang Peng, director and deputy general manager. Therefore, this transaction constitutes a related-party transaction. This investment is an industrial investment aligned with the company's layout in automotive electronics and the new energy vehicle industry chain. Bolati mainly operates in the field of power battery connection systems, with products used in internal connections, signal acquisition, and temperature acquisition within new energy vehicle power battery packs, creating industrial chain synergies with the company's existing automotive electronics business. In the first quarter of 2026, Olympic Circuit achieved revenue of 1.322 billion yuan and net profit attributable to the parent company of 36.63 million yuan.

Several listed companies convened emergency board meetings over the weekend, waiving meeting notice deadlines to urgently review and approve share buyback plans. The board of Shanghai Smith Adhesive New Material held an ad hoc meeting at 10 a.m. today, unanimously passing a proposal to repurchase shares through centralized bidding. The buyback fund size ranges from 50 million to 100 million yuan, with a maximum repurchase price of 45.98 yuan per share, a buyback period of three months, and funding from its own capital. Olympic Circuit also held an ad hoc board meeting over the weekend, planning to use no less than 200 million yuan and no more than 300 million yuan of its own or self-raised funds to repurchase shares at a price not exceeding 55 yuan per share, for employee stock ownership plans or equity incentives. Meanwhile, a major shareholder holding 20.11% of the company terminated a previously disclosed share reduction plan ahead of schedule without implementing any reductions. The board of RemeGen agreed to use its own or self-raised funds to repurchase shares, with the amount no less than 25 million yuan and no more than 50 million yuan, for employee stock ownership plans or equity incentives. Huaan Securities received a proposal from Chairman Zhang Hongtao, as the company's A-share closing price had fallen by a cumulative 26.46% over 13 consecutive trading days, triggering the buyback condition of being necessary to safeguard company value and shareholder rights. The proposal suggests a buyback fund of no less than 100 million yuan and no more than 200 million yuan, with the repurchase price not exceeding 150% of the average stock price over the 30 trading days before the board approves the buyback resolution, and a buyback period of no more than three months. The board will promptly study and formulate a plan.

Olympic Circuit announced that shareholder Xinhao International Group Limited has decided to terminate its share reduction plan early. As of the announcement date, Xinhao International has not implemented any reduction and still holds 20.11% of the company's shares.

On the evening of July 19, central enterprises including China Reform Holdings and China Chengtong Holdings, along with several multi-billion-yuan private equity firms and listed brokerages, intensively announced share buyback and increased holding plans, demonstrating their firm confidence in the A-share market through concrete actions. China Reform Holdings' subsidiary, China Reform Investment, has already utilized over 50 billion yuan from special re-lending facilities and supporting funds for share buybacks and increased holdings, and will continue to increase its holdings in central enterprise stocks in the future. China Chengtong Holdings and its affiliated entities have cumulatively purchased nearly 10 billion yuan of state-owned central enterprise stocks, and plan to further significantly increase their holdings in state-owned central enterprise and technology company stocks as well as ETFs. Multi-billion-yuan quantitative private equity firms Lingjun Investment and Pingfanghe Investment respectively announced they will use 200 million yuan and 100 million yuan of their own funds to subscribe to their own private equity products. Guolian Minsheng Securities and Huaan Securities each plan to repurchase shares worth 100 million to 200 million yuan. In addition, over ten listed companies including Midea Group and Olympic Circuit Technology also disclosed buyback or increased holding plans, with Olympic Circuit Technology planning to repurchase 200 million to 300 million yuan worth of shares, and RemeGen planning to repurchase 25 million to 50 million yuan worth of shares.

On the evening of July 19, a number of A-share listed companies disclosed buyback announcements, spanning electronics, pharmaceuticals, new materials, and other industries. Crystal New Materials plans to use its own funds to repurchase shares, with a total amount of no less than 50 million yuan and no more than 100 million yuan, at a price not exceeding 45.98 yuan per share. The repurchased shares will be used for sale or cancellation. Olympic Circuit Technology intends to use 200 million to 300 million yuan of its own or self-raised funds to repurchase shares, with a price cap of 55 yuan per share, for employee stock ownership plans or equity incentives, and the buyback period will not exceed six months. RemeGen plans to repurchase shares with 25 million to 50 million yuan, for employee stock ownership plans or equity incentives, at a price not exceeding 149 yuan per share, with a buyback period of no more than 12 months. Jianlong Micro-Nano New Materials intends to use 20 million to 40 million yuan of its own or self-raised funds to repurchase shares, at a price not exceeding 40 yuan per share, also for employee stock ownership plans or equity incentives, with a buyback period of no more than 12 months. Huaan Securities Chairman Zhang Hongtao proposed that the company use 100 million to 200 million yuan of its own funds to repurchase shares, based on maintaining company value and shareholder equity. The plan is to sell them through centralized competitive trading 12 months after the announcement of the buyback results and share changes report. If not fully sold within three years, the remaining shares will be cancelled.

Olympic Circuit announced that the company plans to use no less than 200 million yuan and no more than 300 million yuan of its own funds or self-raised funds to repurchase company shares through centralized bidding. The repurchase price will not exceed 55 yuan per share. The repurchased shares are intended for employee stock ownership plans or equity incentives. The repurchase period will not exceed six months from the date of approval by the board of directors.

Olympic Circuit announced it plans to sign an engineering contract with related party Guangdong Shunkong Shunshui Construction for the mechanical and electrical equipment installation project of the wastewater treatment station at the Xinchuang Zhizai new factory. Shunkong Shunshui will undertake the project on a lump-sum basis, with a total project cost of 36.842 million yuan including tax.