Mini Program: Quick News Update on A-Share Pre-Market Market
Important News
1. Beijing State-owned Assets Management: To date, it has collectively invested nearly RMB 10 billion of its own funds into the stock market.
On July 22, Beijing State-Owned Capital Operation and Management Co., Ltd. released a statement indicating that, to date, it has collectively invested nearly RMB 10 billion of its own funds into the stock market. Moving forward, Beijing State-Owned Capital will continue to increase its holdings in listed company stocks using its own funds, along with its affiliated securities company and public mutual funds, to support the development of the Beijing Stock Exchange. Upholding its functional positioning as a state-owned capital operation company, it is committed to safeguarding the strategic value of core assets of listed enterprises and contributing concrete efforts to the stable and healthy development of the capital market through the actions of Beijing’s state-owned enterprises. (Beijing State-Owned Capital)
2. Minister of Finance Lan Fuan: Implement a comprehensive package of fiscal and financial policies to boost domestic demand with greater intensity
Minister of Finance Lan Fuan published an article in the People's Daily titled “Implementing a Comprehensive Package of Fiscal-Financial Coordination Policies to Boost Domestic Demand with Greater Effort.” The article notes that, overall, the implementation of these policies is proceeding as expected, with credit allocation to key investment and consumption sectors growing against the trend, channeling more social resources toward critical areas of domestic demand expansion. Moving forward, it is essential to earnestly implement the decisions and arrangements of the CPC Central Committee and the State Council, foster and practice a correct view of political achievement, and apply a nail-driving spirit to effectively execute the comprehensive package of fiscal-financial coordination policies aimed at boosting domestic demand, ensuring that policy benefits fully reach all types of market entities and a broad range of consumers, removing bottlenecks and obstacles that constrain investment and consumption, and expanding new avenues for domestic demand growth.
3. Ministry of Finance: Stamp duty reached RMB 275.2 billion in the first half of the year, up 40.9% year-over-year.
The Ministry of Finance released the fiscal revenue and expenditure data for the first half of 2026. In the first half of the year, national general public budget revenue reached RMB 12.1047 trillion, an increase of 4.7% year-over-year. Stamp duty amounted to RMB 275.2 billion, up 40.9% year-over-year. Of this, securities transaction stamp duty totaled RMB 154.9 billion, representing a 97.3% year-over-year increase.
4. CSRC: Firmly safeguard the stable and healthy operation of the capital market and continuously enhance the convenience for foreign capital to participate in the capital market.
China Securities Regulatory Commission Chairman Wu Qing met with John Graham, President and CEO of the Canada Pension Plan Investment Board, in Beijing. Both sides exchanged views on global and China’s economic and financial conditions, as well as investment in China’s capital markets. Wu Qing stated that amid a complex and evolving international environment, China’s economy maintained overall stability in the first half of this year, continuing its trend of high-quality development and demonstrating resilience and vitality. The CSRC will adhere to a steady and progressive approach, firmly safeguarding the stable and healthy operation of the capital market, steadily expanding high-level institutional opening-up, and continuously enhancing the convenience for foreign investors to participate in China’s capital markets. He welcomed international institutional investors, including the Canada Pension Plan Investment Board, to increase their investments in China and share in the benefits of China’s economic and capital market reforms and development. Graham expressed that as a global, long-term investment institution, CPP Investments closely follows and remains highly confident in China’s economic reforms and development achievements, consistently viewing China as one of its key regional investment destinations globally. He affirmed that CPP Investments will continue to uphold its value investing philosophy and actively expand its investment presence in China.
5. National Energy Administration: As of the end of June, the total installed power generation capacity nationwide reached 4.04 billion kilowatts, up 10.8% year-over-year.
On July 22, the National Energy Administration released national power statistics for January to June. As of the end of June, the total installed power generation capacity nationwide reached 4.04 billion kilowatts, up 10.8% year-over-year. Among this, solar power installed capacity reached 1.27 billion kilowatts, up 15.8% year-over-year; wind power installed capacity reached 680 million kilowatts, up 18.5% year-over-year.
Individual stock news
1. Jiehui Shares: Subsidiary signs gas turbine power generation unit supply contract worth approximately RMB 9.95 billion
Jereh Co., Ltd. (002353.SZ) announced that its subsidiary, J&F Power Systems LLC, has signed a contract with a leading international cloud service provider to supply gas turbine generator sets, with an order value of $1.465 billion (approximately RMB 9.95 billion), accounting for about 61.33% of the company’s audited revenue for 2025. The contract stipulates batch deliveries to be completed before November 2027, along with a price adjustment mechanism. This collaboration will strengthen the company’s competitive advantage in the data center power supply sector; however, it is subject to risks related to component procurement, performance, and delivery acceptance.
2. Yisheng Shares: Net profit for the first half of the year was RMB 308 million, a year-over-year increase of 4897.29%.
Yisheng Corporation announced that for the first half of 2026, the company achieved revenue of RMB 1.697 billion, representing a 28.44% increase year-over-year; net profit attributable to shareholders of the listed company amounted to RMB 308 million, a 4,897.29% increase year-over-year; basic earnings per share were RMB 0.2186, up 4,983.72% compared to the same period last year, reflecting a significant improvement in overall operating performance and substantial enhancement in operational quality. The company plans to distribute a cash dividend of RMB 1.5 per 10 shares (inclusive of tax).
3. Zhongwei Semiconductor: Net profit for the first half of the year is expected to increase by 90.82% year-over-year, driven by sustained explosive growth in global AI and computing power demand, boosting MCU demand.
Zhongwei Semiconductor (688380.SH) announced that it expects its net profit attributable to parent company shareholders for the first half of 2026 to reach RMB 165 million, representing a 90.82% year-over-year increase. This significant growth in performance is driven by the continued surge in global AI and computing power demand, which has not only constrained MCU capacity but also boosted MCU demand. Additionally, market demand for MCUs in traditional sectors such as consumer electronics, smart home appliances, industrial control, and automotive electronics has steadily recovered. As a result, the growth rate of MCU market demand has outpaced the company’s MCU production capacity, leading to a relative capacity shortage. With increased product shipments and rising prices, the company has achieved simultaneous growth in revenue and profit.
4. Lianxun Instruments: Net profit for the first half of the year is expected to increase by 802% to 926% year-over-year, with sustained high-speed growth in demand for high-speed optical communication products.
Unicomm Instruments announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to range from RMB 510 million to RMB 580 million, representing a year-over-year increase of 802% to 926%. The performance growth is primarily driven by the advancement of artificial intelligence technologies and rising global computing power demand, which have accelerated data center construction and boosted demand for high-speed optical communication products, leading to rapid market growth for the company’s communication test instruments and optoelectronic device testing equipment.
5. Lixin Energy: No business involvement in the computing power industry, nor has it initiated dedicated power supply services for data centers.
Lixin Energy (001258.SZ) announced that the company’s stock experienced cumulative price deviations exceeding 20% over three consecutive trading days on July 20, 21, and 22, 2026, constituting abnormal price fluctuations. Recent stock price movements have been primarily driven by market speculation, sentiment surrounding the power industry, and expectations of peak summer electricity demand. The company’s daily production and operations, as well as its internal and external business environment, have not undergone any significant substantive changes. There is a risk of rapid price corrections and substantial volatility; investors are hereby reminded to be mindful of trading risks in the secondary market and to make rational, prudent investment decisions. As of the end of June 2026, the company’s outstanding receivables for renewable energy generation subsidies amounted to approximately RMB 3.135 billion (unaudited). The national renewable energy subsidy is a government fund established to support renewable power generation and promote the stable development of the renewable energy sector. Subsidy payments are disbursed by the National Renewable Energy Development Fund, and the recovery cycle for these funds is uncertain. As of the date of this announcement, the company operates 15 subsidy-eligible power generation projects, seven of which have not yet been included in the list of eligible projects for renewable energy tariff supplements. Additionally, nine projects are currently undergoing self-inspection for renewable energy subsidies in accordance with regulatory requirements. Nationwide review and verification of subsidy eligibility remains ongoing, and outcomes are still uncertain. The company currently has no business initiatives in the computing power industry, does not provide dedicated power supply services for data centers, and has not established any partnerships in the computing power sector.
6. Biwin Storage: Chairman Sun Chengsi proposes repurchasing shares worth RMB 200 million to 250 million, all to be canceled and reduce registered capital.
Biwin Storage (688525.SH) announced that its controlling shareholder, actual controller, and chairman, Sun Chengsi, has proposed that the company repurchase shares through centralized bidding, with a total repurchase amount of RMB 200 million to 250 million. The repurchased shares will be entirely canceled to reduce registered capital. The maximum repurchase price shall not exceed 150% of the average trading price of the company’s shares over the 30 trading days prior to the board’s approval of the share repurchase plan, and shall not exceed RMB 558.44 per share (inclusive).
7. Jin'an Guoji: Plans to invest approximately RMB 2 billion in the Zhuhai Guoji capital expansion project, aiming to achieve an annual production capacity of 20 million copper-clad laminates and 40 million meters of prepreg for sale.
Jin'an Guoji (002636.SZ) announced that it has reached a cooperation intent with the Jinwan District People's Government of Zhuhai regarding the company's capital expansion project in Jinwan District, Zhuhai, and has signed the "Investment Agreement for Jin'an Guoji Capital Expansion Project." The intended investment amount is approximately RMB 2 billion, aiming to establish an annual production capacity of 20 million copper-clad laminates and 40 million meters of prepreg to meet the growing market demand for copper-clad laminates and prepreg. The project will occupy approximately 35,000 square meters, with an estimated construction period of two years, funded by the company’s own or self-raised funds. This matter has been approved by the Board of Directors and is still subject to shareholder approval, with risks including potential project modifications, land bidding, and regulatory approvals.
8. Hengtong Optoelectronics: On July 22, it purchased 1.851 million shares of its stock on the secondary market through an employee incentive account at an average price of RMB 58.24 per share.
Hengtong Optoelectronics (600487.SH) announced that on July 22, the company purchased a total of 1.851 million shares of its stock through the Huaneng Trust • Hengtong Optoelectronics Employee Incentive Service Trust dedicated account on the secondary market, representing approximately 0.08% of the company’s total shares, at an average price of RMB 58.2354 per share, using a total of RMB 108 million in incentive funds (including interest income, etc.). The implementation of the 2025 annual incentive fund stock purchase has been completed.