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In 2025, China's 'three new' economy generated a value added of 25.79 trillion yuan, up 6.2% year-on-year at current prices, representing 18.39% of gross domestic product. The growth rate exceeded the overall GDP growth by 2.2 percentage points, and the share rose by 0.38 percentage points from the previous year.
India has approved a 1.275 trillion rupee ($13 billion) Semiconductor 2.0 incentive plan, shifting from tentative initial steps to a full ecosystem approach. The plan targets mature-node wafer fabrication, advanced packaging, and chip design, while expanding support to materials, equipment, and talent. Despite 19% annual demand growth, India imports 90-95% of its semiconductors. The funding is smaller than the US, EU, and Japan chip subsidies, and challenges remain in infrastructure and logistics.
A shipment of 3,750 tonnes of green ammonia produced in Da'an, Jilin province, has been transported overland to Lianyungang in Jiangsu and then shipped to South Korea, setting a record for the largest single-batch export of green ammonia in China and globally. The ammonia comes from the world's largest single-unit green ammonia facility with an annual capacity of 180,000 tonnes. Powered by wind and solar resources in western Jilin, its carbon emissions are more than 90% lower than those from traditional coal-based ammonia production.
Xiamen Tungsten New Energy, a STAR Market-listed company, released its 2026 first-half performance preview as of July 30. The company reported revenue of RMB 14.488 billion and net profit of RMB 491 million. Basic earnings per share stood at RMB 0.98, with a weighted average return on equity of 5.21%. The half-year report is scheduled for release on August 20, 2026.
Hengdian DMEGC has established a wholly-owned subsidiary, Sihong Dongheng Wind Power Co. , Ltd. , in Sihong County, Jiangsu Province. The new company's business scope includes wind power technology services and energy storage technology services, according to corporate registration information. The move expands Hengdian DMEGC's presence in the renewable energy sector.
Daoshi Technology (300409) reported 2026 first-half revenue of RMB 4.794 billion, up 31.21% year-on-year; net profit attributable to shareholders of RMB 290 million, up 25.92%; and non-recurring adjusted net profit of RMB 283 million, up 34.33%. The strategic resources segment drove growth with revenue of RMB 2.586 billion, up 49.31%, accounting for 53.93% of total revenue and achieving a gross margin of 28.25%. The company's cathode copper plant in the Democratic Republic of Congo was 14.32% complete.
CATL disclosed on July 24 a plan to repurchase 20 billion to 40 billion yuan of its A-shares for cancellation and capital reduction. The repurchase price cap is about 50% above the current share price. The cancellation will directly increase existing shareholders' ownership if net profit remains unchanged. CATL's 2026 semi-annual report showed revenue of 276.9 billion yuan, up 54.8%, and net profit of 43.28 billion yuan, up 42%. As of end-June, cash exceeded 372 billion yuan. Regulators have been pushing listed firms to build long-term shareholder return mechanisms, and cancellation buybacks provide a more direct benefit than those used for equity incentives.
Autowell is steadily advancing an energy storage complete line project for a large energy chemical enterprise, with some production lines already delivered. The remaining lines are planned to be fully delivered by the end of 2026. As of now, Autowell's global cumulative shipments of energy storage production lines have exceeded 300.
Volkswagen and PowerCo are in talks with Gotion High-tech over control of a planned 40GWh battery plant in Spain, as Gotion faces a severe cash squeeze. The EUR 3 billion facility, delayed to end-2026, has been visited by Gotion chairman Li Zhen. Gotion sold shares for RMB 829 million in July to raise funds. Its first-quarter net profit plunged nearly 80% to just over RMB 21 million, while investment cash outflow widened 425% to RMB 4.657 billion, leaving a funding gap of approximately RMB 12.2 billion.
As of July 28, 14 listed companies disclosed their QFII holdings for the 2026 interim reports, with a total market value of approximately RMB 119.95 billion. CATL reported H1 2026 revenue of RMB 276.92 billion, up 54.8% year-on-year, and net profit of RMB 43.28 billion, up 41.98%. The company announced a share buyback of between RMB 20 billion and RMB 40 billion, to be cancelled to reduce registered capital. Other notable holdings include Jinmei Technology, which turned profitable, and Haoji Motor, which saw net profit surge 266.57%.