Chengtun Mining Group Co Ltd

Shengtun Mining announced that the company recently received a notice of acceptance of registration from the National Association of Financial Market Institutional Investors, approving the registration of its debt financing instruments with a registered amount of 2 billion yuan. The registration quota is valid for two years from the date of the notice, with Industrial Bank as the lead underwriter. During the valid registration period, the company may issue super short-term commercial paper, short-term commercial paper, medium-term notes, and perpetual notes in tranches. For each issuance, elements such as the lead underwriter, product type, issuance size, and tenor shall be determined at that time.

Chengtun Mining has released its 2026 interim report. During the reporting period, the company achieved total operating revenue of 19.264 billion yuan, attributable net profit of 1.804 billion yuan, and net cash inflow from operating activities of 2.285 billion yuan. The company's asset-liability ratio rose to 61.69 percent, an increase of 5.90 percentage points compared to the same period last year. Gross margin was 22.87 percent, down 1.58 percentage points from the previous quarter. Return on equity stood at 10.09 percent, with diluted earnings per share of 0.60 yuan. Total asset turnover was 0.41 times, and inventory turnover was 1.35 times. As of the end of the reporting period, the number of shareholders was 179,000, and the top ten shareholders collectively held 747 million shares, accounting for 24.16 percent of total share capital.

Tianzhihang is planning to acquire a 62% stake in Shanghai Minimally Invasive Orthopedics Medical Technology Co., Ltd. through a share issuance, along with raising supporting funds, which is expected to constitute a major asset restructuring. Trading in the company's shares will resume on July 30. Jianghuai Micro is set to acquire a 15.50% stake in its holding subsidiary, Jiangyin Jianghuai Fuxin Electronic Materials Co., Ltd., for 1.5024 million yuan, after which it will hold 100% equity. Zhongke Tongda shareholder Wuhan Optics Valley Growth Venture Capital Fund plans to reduce its holdings by no more than 3.4911 million shares, representing no more than 3.00% of total share capital. Hunan Haili's controlling shareholder, Haili Group, increased its holdings by 1.6177 million shares, raising its stake from 23.71% to 24.00%, with the equity change hitting a 1% integer multiple. GigaDevice's actual controller, Zhu Yiming, plans to increase his holdings in the company from December 13, 2026, to July 29, 2027, with the increase amounting to no less than 1 billion yuan. Western Mining reported a first-half net profit attributable to the parent of 4.169 billion yuan, up 123% year-on-year; Chengtun Mining reported a first-half net profit attributable to the parent of 1.804 billion yuan, up 71.37% year-on-year; Hongfa Technology reported a first-half net profit attributable to the parent of 1.156 billion yuan, up 19.89% year-on-year. AsiaInfo Security's holding subsidiary, AsiaInfo China, had bank account funds of 151 million yuan frozen, accounting for 8.71% of the company's latest audited net assets. Bio-chem Technology shareholder Guangyao Zhixin had 37.59 million company shares frozen. Century Huatong shareholders Yaoquru, Yiqusheng, Jiyufan, and Huatong Holdings were ordered by the Zhejiang Securities Regulatory Bureau to take corrective measures and had the matter recorded in their integrity files for failing to fulfill 2020 performance commitment compensation obligations. In response to a Shanghai Stock Exchange annual report inquiry, Yunzhong Technology disclosed that its MLCC business had on-hand orders at the end of June 2026 that surged 831.50% compared to the end of December 2025, but the business remains in a loss-making state. In 2025, its operating revenue was 60.1524 million yuan, accounting for 10.68% of the company's total operating revenue, with products mainly used in the consumer electronics sector and not yet applied in AI computing servers.

Western Mining and Chengtun Mining disclosed their 2026 semi-annual reports on the evening of July 29, with both achieving substantial earnings growth. Western Mining reported first-half operating revenue of 39.443 billion yuan, up 25 percent year-on-year, and net profit attributable to shareholders of the listed company of 4.169 billion yuan, up 123 percent, with basic earnings per share of 1.75 yuan, mainly benefiting from a sharp rise in prices of copper and other non-ferrous metals as well as higher by-product prices. Chengtun Mining posted operating revenue of 19.264 billion yuan for the same period, up 39.56 percent year-on-year, and net profit attributable to shareholders of the listed company of 1.804 billion yuan, up 71.37 percent, with basic earnings per share of 0.595 yuan, and plans to distribute a cash dividend of 0.05 yuan per share. The earnings growth was driven by higher volumes and prices of copper products.

Since the beginning of this year, multiple listed companies have joined hands with financial institutions and local state capital to intensively set up energy storage industry funds. Sungrow Power Supply's holding subsidiary Sungrow Renewables, together with Huatai Baoli and Huatai Asset Management, jointly established the Suzhou Huaxu Fund with a total committed capital of 1 billion yuan, of which Sungrow Renewables committed 199 million yuan. The fund will invest in wind power, centralized photovoltaic, and energy storage projects, requiring a single investment installed capacity of over 200 megawatts and an overall capital internal rate of return of no less than 8 percent. Senior Energy Materials participated in setting up the Shenzhen Yuanzhi Xingyuan Venture Capital Fund, planned at 500 million yuan, with Senior Energy Materials committing 151 million yuan, mainly investing in key projects such as headquarters research and development and production manufacturing across the entire new energy storage industry chain. Kaibo Capital, together with CALB, Shengtun Group, Nuode New Materials, Hymson Laser, and Guoxia Technology, initiated the Kaibo Co-creation Fund with a total scale of 5 billion yuan and an initial registered scale of 1.6 billion yuan, covering the entire industry chain of resources, materials, equipment, battery cells, and application scenarios. State capital is also accelerating its entry. Tagen Group, together with Shenzhen Capital Group and Sunwoda, jointly launched the Yuanzhi Jianxin Energy Storage Asset Private Equity Fund with a total scale of 500 million yuan, focusing on electrochemical energy storage stations and integrated solar-storage-charging stations. Corun participated in setting up an energy storage fund with a target scale of 2 billion yuan, with partners including enterprises with state capital backgrounds from the Tianjin Binhai New Area. Mo Ke, founder of Zhenli Research, stated that this model, by combining the industrial resources of listed companies with the power of capital, provides projects with clearer industrial synergy and exit pathways, and has become a common industrial investment approach in the new energy sector.

Chengtun Mining disclosed its earnings forecast, expecting net profit attributable to shareholders of the parent company for the first half of 2026 to be between 1.75 billion and 1.95 billion yuan, a year-on-year increase of 66.24% to 85.23%. Net profit after deducting non-recurring items is expected to be between 1.85 billion and 2.05 billion yuan, up 59.18% to 76.39% year-on-year. The profit growth is mainly due to higher copper product prices compared to the same period last year, as well as a year-on-year increase in copper output from the copper-cobalt project in the Democratic Republic of the Congo, achieving both volume and price growth. At the same time, the company continued to promote quality and efficiency improvements and refined management, with some subsidiaries improving their operating performance and controllable costs declining year-on-year.

Shengtun Mining released its first-half performance forecast, expecting net profit of 1.75 billion to 1.95 billion yuan, a year-on-year increase of 66.24% to 85.23%. According to Securities Times Data Treasure, the stock closed at 10.74 yuan today, up 2.48%, with a daily turnover rate of 3.08% and trading volume of 1.024 billion yuan. It has fallen 6.28% over the past five days. In terms of capital flows, main funds saw a net inflow of 52.7651 million yuan today, while net outflows over the past five days totaled 316 million yuan. The latest margin trading balance stands at 1.948 billion yuan, with the financing balance at 1.947 billion yuan, down 0.22% from the previous trading day. The financing balance has increased by 2.10% over the past five days.