Sichuan Chuantou Energy Co Ltd

Chuantou Energy announced that the company plans to take over the Sichuan Nanjiang Xingma pumped storage hydropower station project, for which its related party Nengtou Power is currently carrying out preliminary work, and to establish a project company to advance the preliminary work. The project has a planned installed capacity of 1.4 million kilowatts and a total investment of approximately 8.341 billion yuan. The company or the project company needs to pay Nengtou Power a total of approximately 58.5241 million yuan in preliminary expenses and interest.

Chuantou Energy announced that its controlling shareholder, Sichuan Energy Development Group, plans to increase its stake in the company through centralized bidding or block trading within six months starting from July 21, 2026. The amount of the increase will be no less than 200 million yuan and no more than 300 million yuan. This increase does not set a price range, and the funds will come from its own or self-raised capital, aiming to demonstrate recognition of the company's long-term investment value and confidence in its development prospects.

DSBJ announced plans to repurchase shares for 200 million to 300 million yuan, with a buyback price not exceeding 367.04 yuan per share, for employee stock ownership plans or equity incentives. Sanhua Intelligent Controls' controlling shareholder proposed repurchasing A-shares for 200 million to 400 million yuan. Three-Circle Group plans to repurchase shares for 450 million to 900 million yuan. Huayou Cobalt plans to repurchase shares for 600 million to 1 billion yuan. Broad-Ocean Motor terminated its H-share issuance and plans to repurchase shares for 120 million to 160 million yuan. Zhifei Biological plans to repurchase shares for 150 million to 300 million yuan. Puya Semiconductor's controlling shareholder proposed repurchasing shares for 30 million to 50 million yuan. Chunzhong Technology's chairman proposed repurchasing shares for 50 million to 100 million yuan to reduce registered capital. Kedali's controlling shareholder proposed repurchasing shares for 150 million to 300 million yuan. Sany Heavy Industry's chairman proposed repurchasing shares for 400 million to 800 million yuan. On the share increase side, Chuantou Energy's controlling shareholder plans to increase holdings by 200 million to 300 million yuan. China State Construction's controlling shareholder plans to increase holdings by 500 million to 1 billion yuan. Gongda Electroacoustic's controlling shareholder's concert party plans to increase holdings by 150 million to 250 million yuan. In addition, SDIC Power plans to jointly build the Yagen II Hydropower Station with CATL, with a total investment of 33.394 billion yuan. Hangdian Cable plans a private placement to raise no more than 2.88 billion yuan for optical fiber preform and other projects. Dajin Heavy Industry's subsidiary signed a shipbuilding contract worth about 2.1 billion yuan. Xingyun Technology signed a 300 million yuan computing power service contract. Yangdian Technology's wholly-owned subsidiary signed an 860 million yuan computing power service contract. Yushun Electronics' subsidiary signed a 731 million yuan computing power server lease contract. On the performance front, Raycus Laser's first-half net profit rose 117 percent year-on-year. Han's Laser's semi-annual net profit rose 163.47 percent year-on-year. Raytron Technology's first-half net profit is expected to increase by 242 percent to 270 percent. Haozhi Electromechanical's semi-annual net profit rose 267 percent year-on-year.

SDIC Power's controlling subsidiary Yalong River Hydropower plans to establish a joint venture with CATL to invest in and build the Yagen II hydropower station, with a total dynamic investment of 33.394 billion yuan. The Yagen II hydropower station is located on the main stream of the Yalong River in Yajiang County, Garze Prefecture, Sichuan Province. It is the third stage of the 'one reservoir, seven stages' hydropower development plan for the middle reaches of the Yalong River, with a total installed capacity of 2.4 million kilowatts and an estimated annual power generation of about 8.645 billion kilowatt-hours. The total construction period is 101 months, with the first unit expected to be commissioned in 2035 and full completion in 2036. The joint venture company will be 90% owned by Yalong River Hydropower and 10% by CATL. On a look-through basis, SDIC Power will hold an effective stake of about 46.8%, Sichuan Chuantou Energy about 43.2%, and CATL 10%. The investment has been approved by the board of directors of SDIC Power and still requires approval from the National Development and Reform Commission. For SDIC Power, the project will enhance the profitability of Yalong River Hydropower. The exploitable hydropower capacity in the Yalong River basin is about 30 million kilowatts, of which 19.2 million kilowatts are already in operation. For CATL, this marks another hydropower investment following its stake in the Danba hydropower station on the Dadu River, aiming to secure green electricity supply, reduce the carbon footprint of batteries, address the EU carbon border tax and new battery regulations, and explore new models of hydro-storage synergy.