Tongyu Communication Inc

Tongyu Communication released its 2026 interim report. Total operating revenue was 582 million yuan, and net profit attributable to the parent company was negative 22.33 million yuan, swinging from profit to loss. This was a decrease of 44.12 million yuan compared with the same period last year, down 202.50 percent year on year. Net cash flow from operating activities was negative 11.08 million yuan. The asset-liability ratio was 20.05 percent, gross margin was 19.11 percent, return on equity was negative 0.80 percent, and diluted earnings per share was negative 0.04 yuan. The company had 118,100 shareholders, and the top ten shareholders held 50.64 percent of total share capital.

Tongyu Communication issued a clarification announcement regarding an online article claiming that Jiashan Communication is cooperating with Nvidia to develop 6G AI-RAN base stations, that Tongyu Communication plans to acquire a 25% stake, and that it is targeting a 200 billion yuan market. The company stated that Jiashan Communication is conducting 6G AI-RAN base station technology research and development based on Nvidia's CUDA Aerial open-source ecosystem platform, but has not signed any R&D cooperation agreement or strategic cooperation framework agreement with Nvidia. There is no form of R&D cooperation or joint development relationship with Nvidia. The related products are still in the early R&D stage, have not achieved commercial application, and have not had an impact on Jiashan Communication's operating performance. The company plans to purchase a 25% stake in Jiashan Communication for 300 million yuan. After the transaction, it will not be included in the scope of consolidated financial statements and will be accounted for using the equity method. Jiashan Communication's revenue for the first half of 2026 was 103 million yuan, with a net loss of 39.9872 million yuan, remaining in a loss-making state.

On the evening of August 6, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements. Tongyu Communication clarified that the target company it plans to acquire, Jiaxian Communication, has no research and development partnership with Nvidia. Jiaxian Communication is conducting 6G AI-RAN base station research and development based on Nvidia's open-source platform, and there is significant uncertainty as to whether its subsequent products will gain market acceptance. The Xiqu Mine of Shanxi Coking Coal has been shut down after a safety production accident resulted in one fatality. The mine has an approved annual capacity of 2.7 million tonnes, accounting for 5.67 percent of the company's total capacity. Unitree Technology has set its initial public offering price at 150.80 yuan per share, with an offering size of 40.4464 million shares, and the online subscription date is August 10. Tonghua Golden Horse plans to acquire a controlling stake in the innovative pharmaceutical company Bajia Yi through a wholly-owned subsidiary. Bajia Yi holds multiple clinical trial approvals for Class 1 new drugs. Xingfa Group plans to raise no more than 3 billion yuan through a private placement, to be used for phosphate mining and beneficiation projects and loan repayment, with the controlling shareholder intending to subscribe for 100 million to 200 million yuan. China Rare Earth Nonferrous Metals plans to transfer a 37 percent stake in Dongdianhua Company through a public listing at a minimum price of 142 million yuan to optimize its asset structure. Baoding Technology clarified that its copper clad laminates and electronic copper foil products currently cannot be applied in AI servers or computing fields. Zhongfu Shenying plans to raise no more than 3.893 billion yuan through a private placement for projects including high-performance carbon fiber. Bojie Shares clarified regarding market rumors that its investee company Dingtai Xinyuan has incurred losses for three consecutive years, and its optical communication indium phosphide business has little impact on the company's performance. The AI server testing business accounts for 16.79 percent of revenue, liquid cooling modules have not been shipped independently, and the humanoid robot business is still in its early stages. Baihehua stated that photoresist pigment sales revenue in 2025 accounted for only 0.084 percent of the company's total revenue. Transsion Holdings' H-share issuance has been filed with the China Securities Regulatory Commission. Chuangyuan Shares plans to invest approximately 83.51 million yuan to acquire a 90 percent stake in Chuangku Future, expanding into the designer toy and cultural creative business. Huaci Shares has made the electrical ceramics business a key development direction, investing heavily this year in the construction of an electrical ceramics factory which has already been ignited and put into production. Shengda Resources' subsidiary Yindu Mining has received approval for a 900,000-tonne-per-year mining technical renovation project. STAR Cuihua faces delisting risk as its closing market value fell below 500 million yuan for the first time, and it may also trigger mandatory delisting for major violations due to suspected false financial records. Hongchang Technology plans to acquire 45 percent stakes each in Kunwu Semiconductor and Youpin New Materials for cash, with transaction prices not exceeding 405 million yuan and 315 million yuan respectively. Both companies focus on lab-grown diamond materials. Mingjiahui plans to purchase no more than a 26.19 percent stake in Zhiyu Technology for 263 million yuan, entering the semiconductor industry. Wanwei High-tech plans to raise no more than 2.3 billion yuan through a private placement to its controlling shareholder for polyvinyl alcohol resin and optical film projects. Weichai Power stated on an interactive platform that the company has no business related to recoverable aircraft engines. In terms of financial performance, Haodangjia reported first-half net profit of 29.9788 million yuan, up 21.74 percent year-on-year. Jianfan Biotech reported net profit of 382 million yuan, down 1.99 percent. Luchang Technology posted a loss of 22.0208 million yuan, narrowing its losses. Zhenghe Technology's July hog sales revenue was 5.404 million yuan, down 79.23 percent year-on-year. Lihua Shares' July broiler chicken sales revenue was 1.274 billion yuan, up 5.2 percent month-on-month. Jinhui Mining reported first-half net profit of 409 million yuan, up 61.52 percent year-on-year, and plans a dividend of 3.3 yuan per 10 shares. BioMap expects first-half net profit between 236 million and 246 million yuan, up 391.87 percent to 412.71 percent. Zongyi Shares reported net profit of 47.1374 million yuan, up 136.92 percent. Wenzhou Hongfeng reported net profit of 92.3462 million yuan, turning losses into gains. Jin Qilin reported net profit of 17.2938 million yuan, down 83.94 percent. Bailong Dongfang reported net profit of 559 million yuan, up 43.45 percent, and plans a dividend of 1.8 yuan per 10 shares. Pengding Holdings' July consolidated revenue was 3.201 billion yuan, up 6.61 percent year-on-year. Shennong Group's July commercial hog sales revenue was 411 million yuan, up 25.69 percent. Daodaoquan reported net profit of 16.8606 million yuan, down 90.68 percent, and plans a dividend of 0.49 yuan per 10 shares. Shenchengjiao reported net profit of 38.5445 million yuan, turning losses into gains. Weixing New Materials reported net profit of 390 million yuan, up 43.9 percent. Trina Solar reported a net loss of 270 million yuan, significantly narrowing its losses. Anjiesi reported net profit of 118 million yuan, down 6.27 percent. Regarding shareholding changes, Langhong Technology's actual controller, directors, and senior management plan to collectively reduce their holdings by no more than 1.994 percent. Faben Information has received a commitment for a special repurchase loan of no more than 60 million yuan. Jichuan Pharmaceutical's directors and CFO plan to collectively reduce their holdings by no more than 181,000 shares. Yangfan New Materials plans to repurchase shares for 30 million to 60 million yuan. Puyuan Shares has received a repurchase loan commitment letter for no more than 45 million yuan. Lianhua Holdings has obtained a repurchase loan commitment letter for no more than 90 million yuan. Shuanglin Shares plans to repurchase shares for 50 million to 100 million yuan. Only Education's shareholder Shanghai Changjia Investment plans to reduce its holdings by no more than 3 percent. In terms of major contracts, a wholly-owned subsidiary of Oled has won a bid for an AMOLED production line upgrade project worth 47.2815 million yuan. A wholly-owned subsidiary of Songyuan Safety has received a project nomination worth approximately 691 million yuan. Anhui Construction Engineering's new contract value for engineering construction business in the first half of the year was 42.617 billion yuan. A controlling subsidiary of Sanxing Electric has signed an overseas operation contract worth approximately 175 million yuan.