Several Chinese companies reported first-half 2026 earnings. Western Mining posted net profit of RMB 4.169 billion, up 123% year-on-year, while Kaimeite Gas saw net profit fall 60.75% to RMB 21.92 million. Other firms including Shengtun Mining, Mebon Bond, Lujiazui, Hongfa Technology, Zhongke Environmental, Hanbell Precise Machinery, and Fuman Microelectronics also disclosed results, with most showing growth.
Huarun Double-Crane plans to acquire a 23.5% stake in Lier Chemical from Jiuyuan Group and Huacai Technology for RMB 5.656 billion, or RMB 30.07 per share. The deal will make China Huarun Co. , Ltd. the actual controller of Lier Chemical. The acquisition follows a public solicitation process in which Huarun Double-Crane was selected as the top bidder. Lier Chemical, a major pesticide producer, will provide a platform for Huarun's synthetic biology industrialization.