Hangzhou Hangyang Co Ltd

Sidike announced that it plans to have its wholly owned subsidiary Jiangsu Xingyuantai New Material Technology implement an expansion project with annual output of 103,000 tonnes of high-end functional BOPET base film, with total estimated investment of 1.652 billion yuan, funded by self-owned and self-raised capital, located in Sihong, Jiangsu, for large-scale production of MLCC release film base film, polarizer release and protective film base film, and other high-end functional BOPET substrate products. Xingyun Technology's wholly owned subsidiary Changsha Xiangshuyun Technology signed an intelligent computing resource leasing service contract with a VE customer for a service term of five years, with a tax-inclusive total amount of 872 million yuan; revenue will be recognised in stages, and delivery is expected to be completed before 30 September 2026. Hangyang Co plans to invest 50 million yuan in Shanghai Xinghuan Jueneng Technology, obtaining a 0.66% equity stake, thereby substantively participating in the controllable nuclear fusion field. Yibo Technology's wholly owned subsidiary Zhuhai Yibo Electronics plans to add investment in the second-phase PCB factory construction project, with total new investment not exceeding 800 million yuan, focusing on medium-to-large-volume production of mid-to-high-end PCB products. In addition, Jianghe Group's wholly owned subsidiary won the bid for a 318 million yuan high-end apartment curtain wall project, and Huanlejia preliminarily set the inquiry transfer price at 13.30 yuan per share.

Sidike announced on the evening of September 23 that it plans to invest 1.652 billion yuan to build an expansion project with annual capacity of 103,000 tonnes of high-end functional BOPET base film, with products mainly suited to microelectronics MLCC manufacturing and other fields. On the same day, Sunwave Communications plans to raise no more than 992 million yuan through a private placement for projects including an integrated satellite-terrestrial communication system; Hangyang plans to invest 50 million yuan in Xinghuan Juneng; and Sanxing Electric's subsidiary won a 132 million US dollar contract for a US data centre energy storage oil-immersed transformer project. Shandong Hi-Speed Road and Bridge Group's controlling shareholder and persons acting in concert plan to increase their shareholding by 450 million to 900 million yuan, Anges' actual controller proposed a share buyback of 35 million to 70 million yuan, and ST Yilianzhong will have its other risk warning removed from September 28 and will suspend trading for one day on September 24. On that day, institutional research reports issued a total of 21 buy-type rating records covering 21 stocks, of which 5 stocks have upside potential exceeding 20 percent, with TCL Technology having the highest upside potential at 62.27 percent.

Hangyang Co. has released its 2026 interim report. Total operating revenue was 8.692 billion yuan, up 18.63% year on year, and net profit attributable to the parent company was 563 million yuan, up 17.55% year on year. Net cash inflow from operating activities was 1.189 billion yuan. The asset-liability ratio was 52.92%, gross margin was 21.04%, return on equity was 5.53%, and diluted earnings per share were 0.58 yuan. The company had 80,900 shareholders, and the top ten shareholders held 69.26% of total share capital.

On the evening of July 22, multiple listed companies on the Shanghai and Shenzhen exchanges released important announcements. In terms of earnings, Yisheng Livestock & Poultry Breeding reported first-half net profit surged 4,897.29 percent year-on-year to 308 million yuan, and plans to distribute 1.5 yuan per 10 shares. Lianxun Instruments expects first-half net profit to rise between 801.96 percent and 925.75 percent year-on-year. China Southern Power Grid Digital expects net profit to increase between 1,051.24 percent and 1,511.74 percent year-on-year. Betta Pharmaceuticals expects net profit to grow between 120 percent and 180 percent year-on-year. Regarding major contracts, a controlled subsidiary of Jereh Group signed a gas turbine generator set supply contract worth 1.465 billion US dollars, accounting for approximately 61.33 percent of the company's 2025 audited revenue. A wholly-owned grand subsidiary of Jingang Photovoltaic signed an artificial intelligence computing power technical service contract worth 614 million yuan. A subordinate subsidiary of PowerChina signed a subcontract for a seawater desalination project water transmission system worth approximately 8.925 billion yuan. In addition, chairmen of companies including Wanhua Chemical, ArcSoft, and Hangyang proposed to implement interim dividends. Companies such as Biwin Storage, Daqin Railway, and Changjiang Securities disclosed share buyback plans. Trading in shares of Jiayun Technology and Lianchuang Electronics was suspended due to planned changes in control rights.

Hangyang announced that Chairman Zheng Wei has proposed implementing a 2026 interim profit distribution plan, with the dividend amount being no less than 30% of the company's net profit attributable to shareholders of the listed company for the first half of 2026. The plan will be executed based on the total share capital on the record date, provided it complies with relevant laws, regulations, and the profit distribution policy stipulated in the company's articles of association.

In early trading on July 13, industrial gas concept stocks opened sharply higher. Shuifa Gas hit its daily limit up at the open. Jinhong Gas and Huate Gas were among the top gainers, while Kemet Gas and Hangyang also surged to their daily limits. On the news front, the Ministry of Commerce and the General Administration of Customs announced on July 10 temporary export controls on helium. The traditional Chinese medicine sector was active, with Yiling Pharmaceutical, Kangyuan Pharmaceutical, and Taiji Group among the top gainers. Longshenrongfa rose over 16 percent, and Harbin Pharmaceutical and Lifang Pharmaceutical hit their daily limits. This followed the State Council's approval of the 15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine. In Hong Kong, the market opened lower but then moved higher, with the Hang Seng Tech Index briefly gaining over 1 percent.

China's Ministry of Commerce and the General Administration of Customs issued a notice on July 10, imposing temporary export ban management on helium, triggering a sharp opening surge for industrial gas concept stocks on the morning of July 13. Jinhong Gas and Huate Gas led the gains, Shuifa Gas hit the daily limit at the open, Jovo Energy locked in its second consecutive daily limit, and stocks such as KMT Gas and Hangzhou Oxygen also hit their daily limits. Helium is hailed as the 'golden gas' and is indispensable in semiconductor manufacturing. With demand surging recently, Zhang Zhijun, deputy manager of the production department at Shanghai Youjiali Specialty Gases, said daily output has doubled compared with the start of the year. The China Industrial Gases Industry Association noted in a statement that this move is an important measure to safeguard helium resource security and promote high-quality development of the industry, and will help maintain the stability of the global gas supply chain.