Shanghai Fudan Microelectronics Group Co Ltd

Fudan Microelectronics has released its 2026 interim report, with net profit attributable to the parent company of 849 million yuan, up 338.58% from the same period last year. Total operating revenue was 2.225 billion yuan, up 21.03% year on year, marking a second consecutive year of growth. Net cash inflow from operating activities was 770 million yuan, up 315.09% year on year, marking a third consecutive year of growth. The company's latest gross margin was 56.99%, latest return on equity was 12.16%, and diluted earnings per share was 1.03 yuan.

On the evening of the 17th, multiple A-share companies disclosed their 2026 half-year reports, with first-half net profits rising sharply year on year. Sunwave Communications achieved net profit attributable to owners of the parent company of 50.3935 million yuan, up 1,825.74 percent year on year; Youngy Company posted net profit of 1.002 billion yuan, up 1,076.14 percent; Do-Fluoride New Materials reported net profit of 512 million yuan, up 897.19 percent. In addition, companies including Grand Industrial Holding, Hebang Biotechnology, Chengxing Group, Shanghai Ailu Package, Zhaojin Gold, Fudan Microelectronics, Raytron Technology, and Decole saw year-on-year net profit growth of more than 100 percent, among which 10 stocks including Shenzhen Keda achieved net profit growth of over 100 percent year on year. CSPC Innovation Pharmaceutical, Tianhua New Energy, Minmetals New Energy, and Zhangjiajie Tourism turned losses into profits year on year.

Fudan Microelectronics released its 2026 semi-annual report, with net profit attributable to shareholders of the listed company at 849 million yuan, up 338.58% year on year. The company achieved operating revenue of 2.225 billion yuan, up 21.03% year on year. Second-quarter net profit was 701 million yuan, while first-quarter net profit was 148 million yuan, meaning second-quarter net profit rose 372% quarter on quarter.

Unitree Technology announced on August 17 that its shares will list on the Shanghai Stock Exchange STAR Market on August 19, 2026. On the same day, Kaichuang Electric plans to invest 15 million yuan to participate in establishing the Jinhua Wucheng Lingchuang Robot Industry Fund with a total size of 100 million yuan. Haomei New Materials plans to subscribe 100 million yuan to participate in establishing the SMIC Xicheng Artificial Intelligence Venture Capital Fund with a target size of 1 billion yuan. Daheng Technology plans to acquire a 5 percent stake in Zhongshi Guangxin for 111 million yuan, while Yueling plans to transfer a 5 percent stake in Zhongshi Guangxin for approximately 111 million yuan. Huayang Group's controlling shareholder is planning a change of control, and trading in the company's shares will be suspended from August 18. Juncheng Technology is planning to acquire 50 percent of Jiangsu Xintongda with cash, after which Jiangsu Xintongda will become its controlling subsidiary. Ruifeng High Materials plans to acquire no less than 51 percent of Mitop New Materials for between 400 million and 500 million yuan. In terms of earnings, Do-Fluoride New Materials reported first-half net profit of 512 million yuan, up 897.19 percent year on year. Youngy reported first-half net profit of 1.002 billion yuan, up 1,076.14 percent year on year. Fudan Microelectronics reported first-half net profit of 849 million yuan, up 338.58 percent year on year. Tianhua New Energy reported first-half net profit of 2.292 billion yuan, turning from loss to profit year on year.

On the evening of August 17, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Kaichuang Electric plans to invest 15 million yuan to participate in establishing a robotics industry fund with a total size of 100 million yuan. Haomei New Materials plans to subscribe 100 million yuan to participate in establishing an artificial intelligence venture capital fund with a target size of 1 billion yuan. Daheng Technology plans to acquire a 5 percent stake in Zhongshi Guangxin for 111 million yuan to enter the optical chip sector. The controlling shareholder of Huayang Group is planning a change of control, and trading in the company's shares will be suspended starting August 18. Fudan Microelectronics reported first-half net profit of 849 million yuan, up 338.58 percent year on year. Rongjie shares reported first-half net profit of 1.002 billion yuan, up 1,076.14 percent year on year. Desay Battery reported first-half net profit of 205 million yuan, up 110.44 percent year on year. Raytron Technology reported first-half net profit of 1.259 billion yuan, up 258.78 percent year on year, and plans to distribute a cash dividend of 5 yuan for every 10 shares. Digital China plans to repurchase shares worth 200 million to 400 million yuan. Juncheng Technology is planning to acquire 50 percent of Jiangsu Xintongda with cash. Ruifeng High Materials plans to acquire no less than 51 percent of Mitop New Materials for 400 million to 500 million yuan. Ruilian New Materials signed a technology licensing agreement with Huaxing Printing to carry out printed OLED materials business. Yingxin Development plans to raise no more than 1.779 billion yuan through a private placement for advanced packaging and testing, memory module manufacturing, and other projects.

ChinaAMC Military Security Hybrid A disclosed its 2026 second-quarter report, with a quarterly profit of 1.075 billion yuan and a weighted average fund unit profit of 0.542 yuan. The fund's net asset value rose 24.82 percent during the reporting period, and its size stood at 4.474 billion yuan at the end of the second quarter. Fund manager Wan Fangfang said that looking ahead to the second half of the year, domestic military equipment demand is likely to improve, unmanned and intelligent equipment are profoundly changing the nature of warfare, and a new batch of equipment models will become the focus of procurement over the next five years. From July, China's commercial space sector will enter a dense launch window, and reusable rocket verification is expected to drive investment sentiment. International arms trade orders have reached a historic high, and the Zhuhai Airshow in November will be a key event leading the overseas expansion of Chinese military equipment. The fund remains committed to long-term military industry investment, focusing on leading companies in high-quality sectors and growth-oriented platform companies, with key allocations in commercial aerospace, arms trade, the aerospace missile industry chain, aviation equipment platform companies, aircraft engines, and high-barrier new materials. As of July 20, the fund's one-year total return with reinvested dividends was 29.59 percent, the three-year return was 36.38 percent, the three-year maximum drawdown was 38.79 percent, and the average equity allocation over three years was 93.22 percent. At the end of the second quarter, the top ten heavy holdings included Fudan Microelectronics, Huaqin Technology, and Dongfang Tantalum Industry.

As of July 13, a total of 11 STAR Market companies have previewed their first-half results, and all are positive, with 8 reporting expected profit growth and 3 expecting to turn profitable. Based on the median of estimated net profit growth rates, 8 companies have net profit growth exceeding 100%, and 1 has growth between 50% and 100%. Aolede expects the highest net profit growth, with a median of 548.04%, followed by Fudan Microelectronics and Ronbay Technology with growth of 364.84% and 260.83% respectively.