Multiple Shenzhen- and Shanghai-listed companies release positive announcements: Chifeng Gold doubles gold-copper resources at Laos mine, Eastroc Beverage posts 20% half-year net profit growth

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On the evening of July 30, a number of Shenzhen- and Shanghai-listed companies released positive announcements. Chifeng Gold disclosed that its controlled subsidiary Vientiane Mining has updated the mineral resource estimate for the SND gold-copper project at the Sepon mine in Laos, with gold-equivalent metal resources increasing from 107 tonnes to 260 tonnes, a rise of about 143%. Eastroc Beverage released its half-year report, with first-half 2026 operating revenue reaching 12.443 billion yuan, up 15.89% year-on-year, and net profit attributable to shareholders of the listed company of 2.867 billion yuan, up 20.72% year-on-year, and plans to distribute a cash dividend of 30 yuan per 10 shares. Rongbai Technology plans to invest about 4.723 billion yuan to build a 300,000-tonne-per-year integrated sodium-ion battery cathode material project in Xiantao, to be advanced in three phases. Youyan New Materials plans to invest 486 million yuan in the second-phase expansion of high-purity sputtering targets for integrated circuits, to boost high-end target production capacity. A subsidiary of Soling Industrial has signed a supply contract worth about 883 million yuan with Mitsubishi Heavy Industries, accounting for 120% of the company's 2025 annual operating revenue. In addition, Three-Circle Group plans to repurchase shares for 500 million to 1 billion yuan, the actual controller of Forehope Electronic proposes a repurchase of 100 million to 150 million yuan, Hairong Technology plans to acquire a 55% stake in Tanghe Food for 130 million yuan and has signed a long-term strategic cooperation agreement with Freshhema, Tianwei Electronics plans to acquire a 60% controlling stake in Xiuwei Technology for 90 million yuan, and Yujing Machinery plans a private placement to raise 176 million yuan for cutting, grinding and polishing equipment and other projects.

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