Lixiang New Energy Surges by Daily Limit for Second Straight Day as Power Stocks Buck the Trend

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On July 17, A-shares fell across the board in morning trading. The Shanghai Composite Index dropped 1.64%, the Shenzhen Component Index fell 3.7%, the ChiNext Index lost 4.71%, and the STAR 50 Index declined 4.53%. More than 4,300 stocks in the overall market fell, but the power sector bucked the trend and moved higher. Lixiang New Energy hit its daily limit up in three minutes, with its share price reaching 8.27 yuan and its latest market capitalization at 7.7 billion yuan. It has now posted a straight-line daily limit up move for two consecutive days. Lixiang New Energy expects its attributable net profit for the first half of 2026 to be between 60 million and 80 million yuan, representing a year-on-year increase of 570.26% to 793.68%. This is mainly due to increased investment income from the gradual grid connection and commissioning of the third-channel power generation project under the Xinjiang-to-other-provinces electricity transmission scheme, which belongs to its associate company Xinjiang Huadian Tianshan Power Generation, as well as an increase in the collection of new energy subsidies that reduced credit impairment losses. In terms of news, data from the National Energy Administration showed that total electricity consumption in June reached 898.1 billion kilowatt-hours, up 3.7% year on year. For the first six months, cumulative consumption reached 5.0999 trillion kilowatt-hours, up 5.3% year on year. The Shanghai power grid recorded a peak load of 42.216 million kilowatts on July 15, a record high, while the Jiangsu power grid hit a new record peak load of 157.59 million kilowatts on July 16. The CPO sector, meanwhile, suffered a heavy blow, with the sector index falling more than 8%. Tianfu Communication and Shijia Photonics dropped over 11%, while Zhongji Innolight and Changxin Bochuang fell more than 10%. Net capital outflows for Eoptolink, Zhongji Innolight, and Tianfu Communication all exceeded 1 billion yuan. Zhang Yidong, member of the executive committee and chief economist at Haitong International, believes that this round of the summer chill has entered its aftershock phase. Chinese equities, having led overseas markets into a correction, will be the first to stabilize and reverse. The third leg of the N-shaped summer market pattern is expected to start by August at the latest.

Impact on stocks 6

Others▲ · 6 stocks
Xinjiang Lixin Energy Co. Ltd. A
001258
▲ PositiveCapitalrelevance

Company expects H1 2026 net profit to surge 570%-794% due to investment income from associate's power project and reduced credit impairment losses.

Theme Impact 2

Off-coverage companies 1

Haitong International Securities Group LtdPrivate± Mixed
relevance

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