Jiangsu Nanfang Bearing Co Ltd

Nanfang Precision announced plans to bid for the land use rights of a plot in Wujin District, Changzhou City, Jiangsu Province, designated as Chuchen 2026023 (GD2026033), and to invest in a new project. The starting price for the land use rights auction is 47.73 million yuan, and the total project investment is expected to be approximately 1.024 billion yuan, including land transfer fees, construction works, and equipment purchase costs. The project, named the Annual Production of 213.5 Million Sets of Precision Components Project, has a construction period of 60 months after obtaining the land.

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.

Nanfang Precision announced that its controlled subsidiary, Jiangsu Nanfang Changsheng New Energy Technology, has received financial assistance of up to 10 million yuan from Shi Wei, one of the company's actual controllers, to support business development and daily operations. Shi Wei, who currently serves as the company's deputy general manager, provided the loan using personal funds, which constitutes a related-party transaction. The loan term is one year, with an interest rate not exceeding the one-year loan prime rate. In the first quarter of 2026, Nanfang Precision achieved revenue of 191 million yuan and a net profit attributable to the parent company of 260,000 yuan.