Success Electronics Ltd

Yushun Electronics has disclosed a preliminary earnings increase announcement for the first half of 2026, projecting that both net profit attributable to shareholders and net profit after deducting non-recurring items will swing from loss to profit, reaching 323 million yuan and 91 million yuan respectively. The company said that since Zhongen Cloud Data Center was included in the consolidated statements last December, the expanded consolidation scope has driven profitability in the first half. At the same time, fair value gains from its stake in Suzhou Yuanhe Houwang Changxin No. 2 Venture Capital Partnership increased; the fund indirectly holds a 0.1775 percent stake in Shenghe Jingwei, which listed on the STAR Market in April. In addition, the company released a private placement plan under which controlling shareholder Shanghai Fengwang Industrial Co., Ltd. intends to subscribe for up to 1.5 billion yuan in cash, to be used for debt repayment and replenishing working capital.

On the evening of July 20, multiple listed companies on the Shanghai and Shenzhen exchanges disclosed positive news. SDIC Power's controlling subsidiary Yalong River Hydropower plans to establish a project company with CATL to invest in the construction of the Yagen Second-Level Hydropower Station, with a total dynamic investment of 33.394 billion yuan, including capital of 6.679 billion yuan. Raytron released an earnings forecast, expecting first-half net profit of 1.2 billion to 1.3 billion yuan, a year-on-year increase of 242% to 270%, mainly benefiting from high industry prosperity and capacity release. Raycus Laser's earnings flash report shows first-half net profit attributable to the parent company of 158 million yuan, up 116.73% year-on-year. In addition, several companies disclosed large contracts and share buyback or increase plans: Guoke Tiancheng signed a sales contract for uncooled infrared detectors and thermal imagers worth no less than 630 million yuan, Yangdian Technology's wholly-owned subsidiary signed an 860 million yuan computing power service contract, and Yushun Electronics' wholly-owned subsidiary signed a 731 million yuan computing power server leasing agreement. Huayou Cobalt plans to repurchase shares for 600 million to 1 billion yuan, Sany Heavy Industry's chairman proposed a share buyback of 400 million to 800 million yuan, and China State Construction's controlling shareholder plans to increase its shareholding by 500 million to 1 billion yuan. Hangdian Cable plans a private placement to raise no more than 2.88 billion yuan for projects such as high-end electronic circuit copper foil, and Donghua Software plans a private placement to raise no more than 2.029 billion yuan for projects including intelligent computing center construction. Sinocera announced a price increase for zirconia powder sales effective July 27, with an increase of about 10% to 40%. Jiuri New Materials' wholly-owned subsidiary Shandong Jiuri Chemical's ACMO Phase I project has entered trial production, with a total designed capacity of 1,500 tons per year, and the first phase of 500 tons per year has been put into production.