Electrification & Mobility▲impact 4
CATL Plans Up to 40 Billion Yuan Share Buyback for Cancellation; First-Half Net Profit Rises Over 40%
CATL announced plans to use no less than 20 billion yuan and no more than 40 billion yuan of its own or self-raised funds to repurchase A-shares, with a maximum buyback price of 573 yuan per share. The repurchased shares will be cancelled to reduce registered capital. The company also disclosed that in the first half of 2026, it achieved operating revenue of 276.917 billion yuan, up 54.8 percent year on year, and net profit of 43.284 billion yuan, up 41.98 percent year on year. It plans to distribute a cash dividend of 14.11 yuan for every 10 shares. Sinomed expects net profit of 50.33 million yuan in the first half of 2026, an increase of 36.49 million yuan from the same period last year, representing a 263.66 percent year-on-year rise, mainly driven by volume growth in its coronary and neurological business segments. State Grid completed cumulative fixed-asset investment of over 310 billion yuan in the first half of 2026, up 12.6 percent year on year, as it accelerated construction of key projects including ultra-high voltage lines. The film Eight Immortals, co-produced by Happy Blue Ocean, has grossed 450 million yuan at the box office since its release on July 18, as of midnight on July 23, exceeding 50 percent of the company's audited operating revenue for the most recent fiscal year. Chippacking Technology said its packaging and testing orders are full, with current order backlog scheduled about 35 days out, and forecast that indicative orders can cover more than three months.