Hainan Expressway Co Ltd

Hainan Expressway announced that its controlling shareholder, Hainan Transportation Group, plans to increase its stake in the company at an opportune time through centralized bidding, using bank credit funds and its own funds, with the increase amount ranging from 45 million to 90 million yuan. China Merchants Bank Hainan Branch has committed to providing a special loan to Hainan Transportation Group, with the loan amount not exceeding 90% of the increase amount, and the commitment letter is valid for no more than one year.

Hainan Expressway released its 2026 interim report, achieving a net profit of 65.6 million yuan, turning losses into gains year-on-year. The company's total operating revenue was 509 million yuan, up 49.08 percent year-on-year, rising for two consecutive years. Net cash inflow from operating activities was 28.93 million yuan, an increase of 65.84 million yuan year-on-year, also rising for two consecutive years. Gross margin was 15.15 percent and return on equity was 2.02 percent, both higher than the same period last year. Diluted earnings per share were 0.07 yuan, an increase of 0.10 yuan compared with the same period last year. Total asset turnover and inventory turnover rose 138.91 percent and 227.32 percent year-on-year respectively.

Multiple listed companies on the Shanghai and Shenzhen exchanges disclosed positive announcements on the evening of August 3. Sunshine Co.'s controlled subsidiary plans to invest up to 980 million yuan in building the Sunshine Intelligent Computing Center project. Xingyun Technology has long-term framework orders for computing power and storage on hand exceeding 15.4 billion yuan. Hainan Expressway's wholly-owned subsidiary plans to acquire a 100 percent stake in Jiaokong Technology for 36.1038 million yuan. Rongbai Technology's Guizhou base, with an annual production capacity of 340,000 tons of lithium iron phosphate, is expected to be fully operational by the end of September. Shengda Resources' controlled subsidiary's Caiyuanzi copper-gold mine has entered the formal production stage. Laier Technology plans to raise no more than 1.17 billion yuan through a private placement for new energy carbon-coated foil and other projects. China Micro Corporation expects its first-half net profit to grow by 282.48 percent to 310.81 percent year-on-year. WuXi AppTec's first-half net profit rose 29.43 percent year-on-year, and it plans to distribute 5.1 yuan per 10 shares. Shandong Hi-Speed plans to repurchase shares worth 100 million to 200 million yuan for cancellation. Wuliangye has already spent 1.002 billion yuan on share repurchases. Daqin Railway plans to repurchase shares worth 400 million to 500 million yuan for cancellation. Sinoma International signed a 476 million US dollar equipment supply contract with a company under the Dangote Group. Gaole Co.'s wholly-owned subsidiary signed a 3.195 billion yuan computing power service contract. Nanfang Precision plans to bid for land and invest about 1.024 billion yuan in building a precision components project. Sungrow Power plans to repurchase shares worth 500 million to 1 billion yuan. Shida Shenghua plans to invest a total of 2.805 billion yuan in building three projects for liquid lithium salt, electrolyte, and others.

Hainan Expressway's wholly-owned subsidiary, Hainan Provincial Public Information Network Company, plans to acquire a 100% stake in Hainan Jiaokong Technology Company for 36.1038 million yuan, aiming to expand into smart transportation. The counterparty, Hainan Smart Transportation Industry Development Company, is a wholly-owned subsidiary of the company's controlling shareholder, making this a related-party transaction. Upon completion, the public network company will hold 100% of Jiaokong Technology, which will be consolidated into the company's financial statements. The company stated that this move is intended to accelerate its transformation and improve operational performance.

Hainan Expressway disclosed its earnings forecast, expecting a net profit attributable to the parent company of 42 million to 63 million yuan for the first half of 2026, compared with a loss of 31.7338 million yuan in the same period last year, swinging to profit year-on-year. Deducted non-recurring net loss is expected to be 6 million to 12 million yuan, compared with a loss of 34.5459 million yuan in the same period last year. Basic earnings per share are expected to be 0.042 yuan to 0.064 yuan. The company stated that the profit growth was mainly due to increased investment income from associates.