Power Construction Corp of China Ltd

In the past two days, 20 Shanghai-listed companies have added buyback and shareholding increase plans. Among them, 17 companies added buyback plans, with a combined proposed buyback amount cap of 2.196 billion yuan. Three companies added shareholding increase plans, with a combined proposed increase amount cap of 240 million yuan. Another nine companies disclosed progress announcements related to buybacks and shareholding increases. On the performance front, 16 Shanghai-listed companies released positive announcements. Yuanjie Technology expects first-half revenue to grow 339 to 364 percent year-on-year, with net profit attributable to shareholders of the listed company rising 1,197 to 1,305 percent. Lianxun Instruments expects first-half net profit to increase 802 to 926 percent year-on-year. Xi'an Yicai Materials' monthly production and sales of 12-inch electronic-grade silicon wafers surpassed one million units. In terms of major contracts, a subsidiary of China Power Construction Corporation signed a subcontract for the water transmission system of the Basra seawater desalination project in Iraq, with a contract value equivalent to approximately 8.925 billion yuan. The mid-term dividend camp continues to expand, with eight Shanghai-listed companies including Wanhua Chemical, Shandong Gold, and ArcSoft receiving mid-term dividend proposals or releasing plans.

Nearly 70 companies listed on the Shanghai Stock Exchange have released a flurry of positive signals within two days, spanning share buybacks, increased holdings by major shareholders, upbeat earnings forecasts, major contract signings, and interim dividends. Among them, 17 companies announced new buyback plans with a combined proposed maximum buyback amount of 2.196 billion yuan. Three companies unveiled new shareholding increase plans with a combined proposed maximum increase amount of 240 million yuan. Another nine companies disclosed progress updates on buybacks and increased holdings. The controlling shareholder of Biwin Storage Technology proposed a buyback of shares worth 200 million to 250 million yuan for cancellation. The chairman of Daqin Railway proposed a buyback of shares worth 400 million to 500 million yuan for capital reduction. The actual controller of Shuangyuan Technology proposed using 50 million to 80 million yuan of over-raised funds to buy back shares. On the increased holdings front, a shareholder of Industrial Securities, Fujian Investment and Development Group, plans to increase its stake by 30 million to 60 million yuan. The controlling shareholder of Pan Asian Microvent Tech plans to increase holdings by 5 million to 10 million yuan. On the earnings front, 16 companies released positive announcements. Yuanjie Technology expects first-half revenue to grow 339.13% to 363.53% year-on-year, with net profit attributable to the parent company surging 1,196.91% to 1,304.98%. Lianxun Instruments expects first-half net profit to rise 801.96% to 925.75% year-on-year. Regarding major contracts, a subsidiary of PowerChina signed a subcontract for the water transmission system of the Basrah seawater desalination project in Iraq, with a contract value equivalent to approximately 8.925 billion yuan. In addition, eight companies including Wanhua Chemical, Shandong Gold Mining, and ArcSoft received interim dividend proposals or released interim dividend plans. Controlling shareholders of companies such as Bright Dairy and Power Tech issued commitment letters not to reduce their holdings.

On the evening of July 22, multiple listed companies on the Shanghai and Shenzhen exchanges released important announcements. In terms of earnings, Yisheng Livestock & Poultry Breeding reported first-half net profit surged 4,897.29 percent year-on-year to 308 million yuan, and plans to distribute 1.5 yuan per 10 shares. Lianxun Instruments expects first-half net profit to rise between 801.96 percent and 925.75 percent year-on-year. China Southern Power Grid Digital expects net profit to increase between 1,051.24 percent and 1,511.74 percent year-on-year. Betta Pharmaceuticals expects net profit to grow between 120 percent and 180 percent year-on-year. Regarding major contracts, a controlled subsidiary of Jereh Group signed a gas turbine generator set supply contract worth 1.465 billion US dollars, accounting for approximately 61.33 percent of the company's 2025 audited revenue. A wholly-owned grand subsidiary of Jingang Photovoltaic signed an artificial intelligence computing power technical service contract worth 614 million yuan. A subordinate subsidiary of PowerChina signed a subcontract for a seawater desalination project water transmission system worth approximately 8.925 billion yuan. In addition, chairmen of companies including Wanhua Chemical, ArcSoft, and Hangyang proposed to implement interim dividends. Companies such as Biwin Storage, Daqin Railway, and Changjiang Securities disclosed share buyback plans. Trading in shares of Jiayun Technology and Lianchuang Electronics was suspended due to planned changes in control rights.

A subsidiary of PowerChina, Sinohydro Bureau 5, has signed a subcontract with Iraq's Rida Company for the water conveyance system of the Basra desalination project in Iraq, with a contract value equivalent to approximately 8.925 billion yuan. The project is located in Basra Province, Iraq, and the main scope of work involves the design and construction of a water conveyance system with a daily supply capacity of 1 million cubic meters, including a roughly 240-kilometer water pipeline, one main pumping station, and nine receiving pumping stations. The project timeline consists of a six-month limited commencement period plus 1,350 days for the main works, with a defects liability period of 24 months.