Jiangxi Jovo Energy Co. Ltd

At 12:10 p.m. on August 16, China used a Long March 12 carrier rocket at the Hainan commercial space launch site to successfully send 24 low-orbit internet satellites into space. The satellites entered their planned orbits and the launch mission was a complete success. The Long March 12 rocket was launched just two and a half days after arriving at the site, setting a breakthrough improvement in the speed of China's commercial space launches and significantly strengthening rapid response capability. Xiangcai Securities believes that SpaceX's performance has confirmed the commercial viability of satellite internet, which has a strong mapping effect on the global industrial chain. Domestically, the current stage is one of network construction first and application lagging behind, and subsequent policy catalysts and terminal volume growth will become key variables in shifting the value focus downstream. Among related companies, Jovo Energy successfully won the bid for special fuel and special gas procurement for launch missions at the Hainan commercial space launch site from 2026 to 2028, and in the first half of this year it has already completed special fuel and special gas support services for seven Long March series rocket launches. China Spacesat has developed a full range of common platform models for small satellites and microsatellites, and possesses core technical capabilities including complex constellation system design, full-link simulation, autonomous mission planning, on-board intelligent processing, integrated AIT management and control, and batch production.

Jiufeng Energy released its 2026 interim report, with net profit attributable to the parent company of 950 million yuan, up 10.40% from the same period last year. Total operating revenue was 9.635 billion yuan, down 7.60% year-on-year. Net cash inflow from operating activities was 1.758 billion yuan, up 142.14% year-on-year. The company's latest asset-liability ratio was 29.63%, up 4.68 percentage points from the previous quarter. Gross margin was 14.95%, rising for two consecutive quarters. Diluted earnings per share were 1.37 yuan, up 1.48% year-on-year.

On August 3, the gas sector rose 3.01% during the session. Shengtong Energy and Delong Huineng both surged 9.99%, while ENN Natural Gas, China Suntien Green Energy, and Jovo Energy climbed 3.20%, 3.08%, and 2.63% respectively. Orient Securities noted that undervalued utilities are showing defensive value, with assets poised for revaluation. It pointed out that amid the restructuring of the international order and rising AI-driven energy demand, utilities as key physical assets are likely to be revalued. China needs to further advance market-based electricity pricing reforms, and the upward shift in global energy price midpoints is expected to drive electricity and natural gas prices in China into a new upward cycle. TF Securities highlighted that upstream gas producers with their own resources can benefit from price elasticity, while midstream companies with flexible, resellable long-term LNG contracts can profit from the spread by reselling low-cost long-term resources as overseas natural gas prices rise.

Star-net Ruijie shot straight up after the open and hit its daily limit up within two minutes, marking its sixth limit-up board in ten trading days. The company expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 310 million and 430 million yuan, representing year-on-year growth of 46.27 percent to 102.90 percent. The increase is mainly due to a substantial rise in data centre switch business from its subsidiary serving internet clients, as well as higher fair value gains from an industry fund and increased equity transfer income. On the news front, institutional research notes point out that AI data centre switches are entering a triple resonance of demand surge, speed upgrades, and domestic substitution, with the adoption rate of domestic switches expected to rise. In addition, the electronic specialty gas theme strengthened, with Jove Energy hitting limit up at the open and notching two consecutive boards, after the Ministry of Commerce and the General Administration of Customs decided to impose temporary export controls on helium. The Huawei Ascend concept saw a sudden surge, with Sichuan Changhong hitting limit up in a straight line, as the 2026 World Artificial Intelligence Conference is about to open and Ascend's super node will make its debut. The traditional Chinese medicine theme was active, with Longshen Rongfa surging by the 20 percent limit, after the State Council approved in principle the 15th Five-Year Plan for the Revitalisation and Development of Traditional Chinese Medicine.

China's Ministry of Commerce and the General Administration of Customs issued a notice on July 10, imposing temporary export ban management on helium, triggering a sharp opening surge for industrial gas concept stocks on the morning of July 13. Jinhong Gas and Huate Gas led the gains, Shuifa Gas hit the daily limit at the open, Jovo Energy locked in its second consecutive daily limit, and stocks such as KMT Gas and Hangzhou Oxygen also hit their daily limits. Helium is hailed as the 'golden gas' and is indispensable in semiconductor manufacturing. With demand surging recently, Zhang Zhijun, deputy manager of the production department at Shanghai Youjiali Specialty Gases, said daily output has doubled compared with the start of the year. The China Industrial Gases Industry Association noted in a statement that this move is an important measure to safeguard helium resource security and promote high-quality development of the industry, and will help maintain the stability of the global gas supply chain.

The Long March 10B carrier rocket successfully carried out the world's first net recovery of a launch vehicle at the Hainan Commercial Space Launch Site, marking China's official entry as the second country globally to master large-payload reusable rocket technology. The rocket lifted off at 12:15 p.m. on July 10, and about six minutes after stage separation, the first stage returned vertically and was successfully captured by flexible arresting cables on an offshore recovery platform. In this mission, Jovo Energy served as the special fuel and gas support unit, exclusively supplying products such as high-purity liquid methane, and its share price surged to the daily limit up in afternoon trading. Boosted by this positive news, multiple stocks in the A-share aerospace sector hit their daily limit up in the afternoon.