Wuxi Jinyang New Materials Co. Ltd. A

Jinyang Precision disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 1.177 billion yuan, up 59.57 percent year on year. Net profit after deducting non-recurring items was 53.82 million yuan, up 295.35 percent year on year. The company said the lithium battery industry continued to enjoy high prosperity. In the first half, China's lithium battery shipments reached 1.2 terawatt-hours, up 50 percent year on year. Power battery and energy storage battery shipments were 630 gigawatt-hours and 485 gigawatt-hours respectively, up 30 percent and 80 percent year on year. While the main business grew rapidly, the company incubated and established Zhili Sensing, engaged in research, development and production of six-axis force sensors, and made a strategic equity investment in Guohua Intelligent, laying out core robot components such as harmonic reducers and planetary roller screws. In terms of production capacity, the Jingmen and Xiaogan bases have taken the lead in putting equipment into production, while the Xiamen base and the Malaysia overseas project are progressing in an orderly manner as planned.

Jinyang Precision disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 46 million yuan and 54 million yuan, a year-on-year increase of 138.8% to 180.33%. Deducted non-recurring net profit is expected to be between 46.3 million yuan and 54.3 million yuan, a year-on-year increase of 240.1% to 298.87%. The company stated that the profit growth is mainly due to opportunities in the lithium battery precision structural parts industry. In the small power structural parts segment, end-market demand growth in areas such as AI data centers, high-end power tools, and consumer markets has driven higher shipments of 21-series products, with the share of all-tab structural parts rising. In the energy storage and large power segment, high global market prosperity has significantly boosted the production and sales scale of square battery precision structural parts.

On the evening of July 21, multiple listed companies on the Shanghai and Shenzhen exchanges disclosed announcements including semi-annual earnings forecasts, buyback and share increase plans, and major contracts. Yuanjie Technology expects first-half net profit to rise by 1,196.91% to 1,304.98% year-on-year. Zhongyi Technology forecasts an increase of 879.55% to 1,075.46%. Feinan Resources projects growth of 245.36% to 314.43%. Jin Yang Precision anticipates a rise of 138.8% to 180.33%. Yaokang Bio expects an increase of 46.67% to 60.78%. Tengjing Technology forecasts growth of 31.19% to 42.12%. Guangqi Technology, however, expects a decline of 5.64% to 24.3%. Leshan Electric Power's net profit fell 12.9% year-on-year. Mingxing Electric Power dropped 27.91%. CloudWalk Technology narrowed its loss by 62.3% to 69.84% year-on-year. In terms of buybacks, Sungrow Power's chairman proposed a buyback of 500 million to 1 billion yuan. Putailai plans to buy back 200 million to 300 million yuan. Jiuli Special Materials intends to repurchase 200 million to 400 million yuan. Xinghui Environmental Materials and Gao Neng Environment both plan buybacks of 100 million to 200 million yuan. Guangdong Mingzhu's chairman proposed a buyback of 100 million to 150 million yuan. Weichai Power's controlling shareholder plans to increase its A-share holdings by 200 million to 400 million yuan. Hunan Haili's controlling shareholder intends to increase holdings by 85 million to 170 million yuan. Among major contracts, Tianshun Wind Energy signed a crude oil tanker construction contract worth approximately 1.874 billion yuan. Pinggao Electric won bids totaling about 1.818 billion yuan for State Grid procurement projects. A subsidiary of Kanghui Corporation signed a computing power service contract with an estimated total value of 415 million to 679 million yuan. Additionally, GigaDevice plans to use 500 million yuan of raised funds to increase capital in Zhuhai Xincun for a DRAM project. JinkoSolar changed the use of 29.7213 million repurchased shares and will cancel them. Wuzhou Medical intends to acquire 100% equity in Xuanzhi Technology to enter the motor control chip sector. ST Dongjing will have its delisting risk warning removed starting July 23.

Jinyang Precision issued an earnings forecast, expecting net profit attributable to shareholders of the listed company to be between 46 million yuan and 54 million yuan in the first half of 2026, representing a year-on-year increase of 138.80% to 180.33%. The company did not elaborate on the specific reasons for the significant profit growth in the announcement.