Shandong Shida Shenghua Chem

Shida Shenghua released its 2026 interim report. The company's total operating revenue was 4.785 billion yuan, up 58.91% year-on-year. Net profit attributable to the parent company was 450 million yuan, turning losses into gains compared with the same period last year, an increase of 506 million yuan. Net cash flow from operating activities was negative 1.235 billion yuan. The asset-liability ratio fell to 56.49%. Gross margin improved to 19.59%. Return on equity was 8.32%. Diluted earnings per share were 1.93 yuan. The company had 78,000 shareholders, and the top ten shareholders held 40.08% of total share capital.

Shida Shenghua disclosed announcements for three project investments, with a total investment exceeding 2.8 billion yuan. Its wholly-owned subsidiary Shenghua New Energy Technology (Dongying) Co., Ltd.'s affiliated company Dongying Shida Shenghua New Energy Co., Ltd. plans to invest in a 230,000-ton-per-year liquid lithium salt project, with an estimated total investment of 1.9 billion yuan and a construction period of 24 months. Its wholly-owned subsidiary Dongying Shenghua Lida Chemical Technology Co., Ltd. plans to invest in a 200,000-ton-per-year electrolyte project, with an estimated total investment of 722 million yuan and a construction period of 12 months. Its wholly-owned subsidiary Shenghua New Energy Technology (Dongying) Co., Ltd. plans to invest in a 12,000-ton-per-year additive project, with an estimated total investment of 286 million yuan and a construction period of 12 months. The company stated that these projects will fully leverage the advantages of integrated raw material supply, meet new energy market demand, and contribute to profit growth, but also cautioned that industry competition and market development involve uncertainties.

On the evening of August 3, several listed companies disclosed important announcements. Daqin Railway plans to repurchase shares at a price not exceeding 7.10 yuan per share, spending between 400 million and 500 million yuan to buy back and cancel all repurchased shares, thereby reducing registered capital. The controlling shareholder of Soochow Securities, Guofa Group, plans to increase its holdings of company shares by 100 million to 200 million yuan within six months. Both Bethel Automotive and Shenglan Technology plan to repurchase shares worth 100 million to 200 million yuan, to be used for employee stock ownership plans or equity incentives, and for equity incentives or convertible bond conversions, respectively. WuXi AppTec disclosed its half-year report, achieving operating revenue of 28.897 billion yuan in the first half of 2026, a year-on-year increase of 38.93%, with net profit attributable to shareholders of the listed company reaching 11.08 billion yuan, up 29.43% year-on-year, and plans to distribute a cash dividend of 5.10 yuan for every 10 shares. Advanced Micro-Fabrication Equipment expects a net profit attributable to the parent company of between 2.7 billion and 2.9 billion yuan for the first half of the year, a year-on-year increase of 282% to 310%, mainly due to revenue growth and a total of approximately 1.982 billion yuan in fair value changes and investment income from external equity investments. A subsidiary of Shida Shenghua's wholly-owned unit plans to invest in the construction of a 230,000-ton-per-year liquid lithium salt project, with an estimated total investment of 1.9 billion yuan and a reported investment of 1.7973723 billion yuan; another wholly-owned subsidiary plans to invest in a 200,000-ton-per-year electrolyte project, with an estimated total investment of 721.5 million yuan; additionally, the wholly-owned subsidiary Dongying Company plans to invest in a 12,000-ton-per-year additive project, with an estimated reported total investment of 285.87 million yuan. The wholly-owned subsidiary of Goldlok Holdings, Zhichen Technology, signed a computing power service contract worth 3.195 billion yuan, with a service term of five years, expected to add approximately 200 million yuan in revenue for the company in 2026. Both Dali Technology and Renzi Xing received approval from the exchange to remove their risk warnings, will suspend trading for one day on August 4, and resume trading on August 5 with changed stock abbreviations.

Shida Shenghua disclosed its earnings forecast, estimating that net profit attributable to shareholders for the first half of 2026 will be between 410 million and 470 million yuan, compared with a loss of 56.3378 million yuan in the same period last year, achieving a turnaround to profit. Net profit after deducting non-recurring items is expected to be between 414 million and 474 million yuan, compared with a loss of 57.1348 million yuan a year earlier. The company stated that the change in performance is mainly due to the continued recovery trend in the market and a clear rebound in demand. The company seized market opportunities, leading to higher product prices and improved profitability. Shida Shenghua's main business covers the electrolyte, carbonate ester, and methyl tert-butyl ether industries.