Ningbo Shanshan Co Ltd

Shanshan Shares has officially changed hands to Anhui state capital, with Zhu Shengli elected as the new chairman and all members of the Zheng family stepping down from the board. The company's twelfth board of directors elected Zhu Shengli as chairman at its first meeting. He currently serves as deputy party secretary, director, and general manager of Anhui Conch Group, and previously served as vice mayor of Hefei and deputy director of the Anhui SASAC. All eleven new directors were nominated by the controlling shareholder Wanwei Group. Former chairwoman Zhou Ting, former vice chairman Zheng Ju, and other Zheng family members are no longer serving. Wanwei Group is a wholly owned enterprise of the Anhui SASAC. Conch Group plans to inject nearly 5 billion yuan in cash to acquire a 60 percent stake in Wanwei Group. Upon completion of the restructuring, Conch Group will become the indirect controlling shareholder of Shanshan Shares. Shanshan Shares currently has two core businesses: anode materials and polarizers. It expects semi-annual net profit attributable to the parent company of 750 million to 900 million yuan, representing year-on-year growth of 262 percent to 334 percent.

Shanshan Shares announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 750 million and 900 million yuan, representing a year-on-year increase of 262% to 334%. The profit growth is mainly due to a significant year-on-year improvement in the operating performance of its core businesses. The combined net profit of its two main businesses, anode materials and polarizer films, is expected to be between 880 million and 950 million yuan, a substantial year-on-year increase. In addition, the operating performance of major investee companies accounted for under the equity method of long-term equity investments continued to improve year-on-year.

On the evening of July 12, multiple listed companies on the Shanghai and Shenzhen exchanges released important announcements. StarNeto clarified that its satellite communication business is unrelated to the breakthrough in sea recovery technology for the Long March 10B carrier rocket, and that revenue from new businesses such as the low-altitude economy accounts for less than 5%. Zhezhong Co., Ltd. cautioned that there is uncertainty in converting new orders signed in 2026 into revenue, and that revenue from its main business of complete switchgear has continued to decline. Juli Sling was fined 4.5 million yuan by the Hebei Securities Regulatory Bureau for misleading statements on an interactive platform. The controlling shareholder of Western Region Gold, Xinjiang Nonferrous Metals, plans to merge entirely with Xinjiang Geology and Mining Investment Group, with the actual controller remaining unchanged. In terms of earnings, Yuehai Feed's net profit for the first half of the year is expected to increase by 965.92% to 1302.52%, Ningbo Fubon is expected to increase by 416.54% to 519.85%, Shanshan Co., Ltd. is expected to increase by 262% to 334%, Sanyou Chemical is expected to increase by about 129%, Yalian Machinery's flash report shows net profit growth of 60.06%, Shengnuo Bio is expected to increase by 43.23% to 64.79%, and both Rundu Pharma and China Satellite are expected to turn losses into profits year-on-year. In addition, Taikang Life Insurance plans to reduce its stake in Guoke Hengtai by no more than 3%, and Hengtong Co., Ltd. plans to invest in a digital smart industrial park in Indonesia, with a planned investment of no more than 2 billion yuan.

On the evening of July 12, several A-share listed companies disclosed earnings forecasts, sharply raising their first-half performance estimates. Ningbo Fubang expects net profit of 50 million to 60 million yuan, up 416.54% to 519.85% year-on-year, with its core business having shifted to the production and sale of electrical contact materials. Shanshan Co. expects net profit of 750 million to 900 million yuan, up 262% to 334% year-on-year, with its two main businesses, anode materials and polarizer operations, together expected to achieve net profit of 880 million to 950 million yuan. Yuehai Feed expects net profit of 38 million to 50 million yuan, up 965.92% to 1,302.52% year-on-year. In addition, Sanyou Chemical's net profit is expected to rise about 129% year-on-year, Shengnuo Bio's net profit is expected to rise 43.23% to 64.79% year-on-year, and both China Satellite and Rundu Pharma expect to turn losses into profits year-on-year. Yalian Machinery disclosed a performance flash report, with first-half revenue of 515 million yuan, up 36.93% year-on-year, and net profit of 157 million yuan, up 60.06% year-on-year.

Yongdong Shares said during an institutional survey on the evening of July 2 that its needle coke production unit is maintaining stable operation at full capacity, with strong downstream demand. The company restarted all needle coke pretreatment and delayed coking lines in January 2026 and has now deeply tied up with leading domestic lithium battery anode material companies such as Shanshan, Shangtai Technology, Xiangfenghua, and Zhongke Xingcheng. Meanwhile, construction of the 200,000 tonnes per year anthracene oil deep processing project is accelerating, with main facilities expected to be completed by the end of 2026. After commissioning, it will produce 190,000 tonnes of decrystallized anthracene oil, 5,000 tonnes of anthraquinone, and 2,000 tonnes of carbazole. The company is also advancing a 50,000-tonne wash oil deep processing project and building core technology barriers in high-end conductive carbon black based on multiple invention patents.