Gotion High tech Co Ltd

Gotion High-Tech Co., Ltd. recently received the Acceptance of Registration Notice issued by the National Association of Financial Market Institutional Investors, approving the registration of the company's debt financing instruments with a registered amount of 7 billion yuan. The registration quota is valid for two years from the date of the notice, with Industrial Bank serving as the lead underwriter. During the registration validity period, the company may issue super short-term commercial paper, short-term commercial paper, medium-term notes, and perpetual notes in tranches, with the lead underwriter, product type, issue size, tenor, and other elements determined for each issuance. Previously, the matter was approved by the second meeting of the tenth board of directors on April 27, 2026, and by the 2025 annual shareholders' meeting on May 21. The company will choose the timing of issuance based on funding needs and market interest rates.

Gotion High-Tech released its 2026 semi-annual report. In the first half, it achieved operating revenue of 27.776 billion yuan, up 43.22% year-on-year. Net profit attributable to shareholders of the listed company was 1.386 billion yuan, up 278.05% year-on-year. Basic earnings per share were 0.76 yuan. The company said the increase in operating revenue during the period was due to the expansion of sales business scale.

Sinomine Resource Group reported first-half net profit of 1.111 billion yuan, up 1146.81% year on year. Songfa Shares posted first-half net profit of 3.609 billion yuan, up 457.67%; Gotion High-tech first-half net profit was 1.386 billion yuan, up 278.05%; Zhangyuan Tungsten first-half net profit was 688 million yuan, up 497.38%; Jiayuan Technology first-half net profit was 382 million yuan, up 940%. Far East Smarter Energy subsidiary plans to acquire 80% equity in Fudewangwang for 216 million yuan, Donghong Shares has been pre-selected for a 144 million yuan steel pipe procurement project, and Longjian Road and Bridge jointly won a 333 million yuan engineering project.

On the evening of August 24, several listed companies on the Shanghai and Shenzhen stock exchanges released positive announcements. Far East Smarter Energy's subsidiary Far East Electric plans to acquire an 80% stake in Huizhou Fudewangwang Industrial Development for 216 million yuan, after which Fudewangwang will be consolidated into its financial statements. Eoptolink Technology disclosed its half-year report, with operating revenue of 20.91 billion yuan in the first half of 2026, up 100.34% year on year, and net profit attributable to shareholders of the listed company of 7.529 billion yuan, up 90.98% year on year. CIG Shanghai's first-half net profit was 328 million yuan, up 171.08% year on year, and it plans to pay a dividend of 0.9 yuan per 10 shares. Chengxin Lithium Group's first-half net profit was 1.012 billion yuan, turning from a loss of 841 million yuan in the same period last year. Silan Microelectronics' first-half net profit was 516 million yuan, up 94.84% year on year. Zhangyuan Tungsten's first-half net profit was 688 million yuan, up 497.38% year on year. Gotion High-tech's first-half net profit was 1.386 billion yuan, up 278.05% year on year. Western Gold's first-half net profit was 547 million yuan, up 315.67% year on year, and it plans to pay a dividend of 0.5 yuan per 10 shares. At its results briefing, DSBJ stated that its 1.6T optical module products have already been supplied to customers.

German automotive giant Volkswagen and its Chinese battery partner Gotion High-Tech are in talks over Gotion High-Tech taking a stake in Volkswagen's battery plant in Valencia, Spain, according to Spanish industry magazine La Tribuna de Automoción. The discussions have included high-level visits, with Gotion High-Tech CEO Li Zhen touring the facility. The plant is operated by Volkswagen's emerging battery business PowerCo and is expected to start production at the end of this year, scaling up gradually. PowerCo declined to comment on the report but said in a statement that it regularly evaluates strategic opportunities, including potential partnerships, while a spokesperson said there are no plans to relinquish control of the plant. According to the report, Gotion High-Tech could acquire a majority stake in the Valencia plant joint venture.

The African Development Bank Group has approved a €100 million loan, equivalent to $114 million, to Gotion Power Morocco for an integrated lithium iron phosphate battery giga-factory in the Rabat-Salé-Kénitra Free Trade Zone. The bank also intends to mobilise up to an additional €141 million from other partners as Mandated Lead Arranger. The project, led by Chinese battery manufacturer Gotion High-Tech Co, will establish an integrated cathode-to-cell manufacturing line, with the first phase set to produce 10 gigawatt-hours of battery cells and packs for electric vehicles and a view to expanding to a total capacity of 100 gigawatt-hours. It is expected to create more than 600 direct jobs in the initial phase and achieve a local industrial integration rate of 70 percent. AfDB vice-president Kevin Kariuki said the facility, powered primarily by renewable energy, strengthens foundations for large-scale integration of solar and wind power while creating green industrial jobs and resilient value chains.

Annada's wholly-owned subsidiary, Tongling Huatai New Energy Materials Company, plans to invest in the construction of an integrated project with an annual capacity of 300,000 tons of battery-grade iron phosphate, with a total planned investment of approximately 3.298 billion yuan and a construction period of 18 months. The project is located in the western area of the Tongling Economic and Technological Development Zone in Anhui Province, and will include production facilities for 300,000 tons per year of battery-grade iron phosphate and 150,000 tons per year of rutile titanium dioxide, along with supporting utilities and environmental protection facilities. The project adopts a co-production model of titanium dioxide and iron phosphate, converting the byproduct ferrous sulfate heptahydrate from titanium dioxide production into battery-grade iron phosphate, achieving resource recycling. At the same time, the new titanium dioxide facility will provide core raw material self-sufficiency for iron phosphate. Upon completion, the company's titanium dioxide capacity will increase to 250,000 tons per year, and iron phosphate capacity will add 300,000 tons per year, helping to deepen cooperation with key customers such as Guoxuan High-Tech and enhance market position. This matter still requires approval from the shareholders' meeting.

Gotion High-tech expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between 1.2 billion and 1.55 billion yuan, representing a year-on-year increase of 227.31% to 322.77%. The change in performance is mainly due to the company accelerating the industrialization of research and development, promoting product iteration and upgrades, optimizing its customer structure, strengthening domestic and overseas market expansion, and steadily increasing its market share.

Guoxuan High-Tech issued a performance forecast, expecting attributable net profit for the first half of 2026 to be between 1.2 billion and 1.55 billion yuan, a year-on-year increase of 227.31% to 322.77%. The company accelerated the industrialization of research and development, promoted product iteration and upgrades, optimized its customer structure, strengthened domestic and international market expansion, and steadily increased its market share. During the reporting period, the impact of non-recurring gains and losses on net profit is estimated to be approximately 1.1 billion to 1.4 billion yuan, mainly due to investment income from held stocks and changes in fair value gains and losses.

Guoxuan High-Tech stated on an interactive platform that its G Yuan solid-liquid hybrid battery has completed multiple tests and verifications, successfully passing extreme summer and winter condition tests, and is ready for mass production. The company has a clear overseas expansion strategy, with overseas bases in Germany, Vietnam, Indonesia, Thailand, and other locations gradually commencing production to meet the growing demand from domestic and international automotive customers. In addition, the company has ample orders on hand for its power and energy storage businesses.

Gotion High-Tech's wholly owned subsidiary Hefei Guoxuan sold 8.3995 million shares of Tongguan Copper Foil through centralized competitive bidding, with the transaction amount reaching 829 million yuan. Preliminary calculations show the profit from this transaction accounts for more than 10% of the company's audited net profit attributable to the parent in the most recent fiscal year. Hefei Guoxuan invested in Tongguan Copper Foil as a strategic investor in 2020 at a cost of about 4.73 yuan per share. The average selling price this time was about 98.72 yuan per share, yielding a return of 1,987.10%. After the reduction, Hefei Guoxuan still holds 10.5316 million shares of Tongguan Copper Foil, with its stake reduced to 1.27%. Tongguan Copper Foil's stock price surged in the first half of 2026 due to booming demand from AI computing infrastructure, with its market capitalization peaking at 165.8 billion yuan and first-quarter net profit attributable to the parent soaring 2,138.17% year-on-year.

Longsys expects net profit of 9.2 billion to 11 billion yuan in the first half of 2026, a year-on-year increase of 62,204% to 74,394%, mainly benefiting from the global semiconductor storage industry upcycle, rising downstream demand and the renewal of wafer supply agreements. Hangzhou Cable expects first-half net profit of 360 million to 400 million yuan, up 852% to 958% year-on-year, as optical fibre sales grew with the industry recovery. Dongyue Silicone expects first-half net profit of 424 million to 444 million yuan, up 905% to 952% year-on-year, as higher silicone product prices and lower raw material costs boosted gross margins. Huafu Fashion expects first-half net profit of 160 million to 200 million yuan, up 538% to 697% year-on-year, with order recovery and investment income of about 160 million yuan. CECport expects first-half net profit of 500 million to 530 million yuan, up 176% to 193% year-on-year, as rising prices of core products such as memory drove revenue growth. Avary Holding plans a private placement to raise no more than 9.6 billion yuan for AI server and high-speed optical module high-density interconnect build-up board projects, with total investment of 12.73 billion yuan. Tinci Materials subsidiary Nantong Tinci terminated its annual 243,000-tonne lithium battery and fluorine-containing new materials project, originally planned with an investment of 2.654 billion yuan, due to industry supply-demand mismatch and market changes. PowerTECH plans to acquire all equity of Northstar Technologies Limited for 10 million US dollars to fill the gap in its storage testing business. Dynamic Power has suspended trading since 6 July due to a planned change of control. Gotion High-tech's wholly-owned subsidiary generated a profit of 829 million yuan from selling shares of Tongguan Copper Foil in the first half. Grace Fabric's second and third largest shareholders together reduced their holdings by 8.7503 million shares. Changsheng Bearing, Reach Machinery, Yibin Paper, Riying Electronics, Zhongzhong Technology and Foresight Technology each issued abnormal movement announcements regarding concepts such as robotics, electronic skin and commercial aerospace, noting that related business revenue proportions are extremely low or no orders have been formed. Shenhao Technology plans to purchase servers for no more than 2 billion yuan to carry out computing power leasing. JPT Opto-electronics plans to acquire all equity of NEOPTICS for 1.12 million Singapore dollars. Yunnan Energy Investment plans to invest in the construction of a 100-megawatt, 400-megawatt-hour all-vanadium liquid flow independent shared energy storage project in Lijiang. East Money contributed 200 million yuan to participate in the Yunfeng Yuancheng private equity fund. Seagull Cooling's controlling shareholder plans to reduce holdings by no more than 3%. Hanbang Technology shareholders Shanghai WuXi and Qingke Zhisheng plan to reduce their combined holdings by no more than 3%. EVE Energy plans to opportunistically reduce its holding of no more than 3.5% of Smoore International shares. ST Niya expects first-half net profit to increase by 1,017% to 1,523% year-on-year. Zhongjin Lingnan expects first-half net profit to increase by 88% to 115% year-on-year. Digital China won the bid for a major state-owned bank's Huawei intelligent computing server procurement project, with an estimated amount of 371 million yuan. Times New Material signed wind turbine blade sales contracts worth 3.034 billion yuan in the second quarter. Jiangsu Huachen signed a 221 million yuan energy storage converter booster integrated machine sales contract. Naipu Mining Machinery signed a 76 million yuan mineral processing equipment supply contract. Sunho Biologics plans to raise no more than 240 million yuan for nucleic acid drug platform construction. Hybio Pharmaceutical's semaglutide injection weight loss indication marketing application was accepted. Changchun High-Tech subsidiary's GenSci164 injection clinical trial application was approved. Yunnan Germanium's deputy general manager Pu Shikun resigned.

The Smart Vehicle Chain section of the fourth China International Supply Chain Expo opened in Beijing, showcasing advances across the entire automotive value chain. CATL debuted multiple new battery products worldwide, while Gotion High-tech presented its latest solid-state battery breakthroughs. XPeng displayed its Turing AI chip alongside the IRON humanoid robot, and Momenta revealed a reinforcement learning-based autonomous driving algorithm. GAC's flying car, the GOVY AirCab, made its debut, and Bosch, Tesla, SERES, Geely, and Dongfeng also demonstrated key technologies and supply chain collaborations.