Luckin Coffee reported Q2 2026 net revenue of RMB15.886 billion, up 28.5% year-on-year. Operating profit rose 22% to RMB2.123 billion, and net profit gained 16.1% to RMB1.486 billion. Monthly transacting customers hit a record 112.7 million, up 22.9%. Global store count reached 36,310, with 2,714 net additions in the quarter. Same-store sales fell 5.3% from a high base in 2025. The company continues to expand overseas and innovate products.
Musk has endorsed a community user's view that SpaceX's current trajectory represents a once-in-a-lifetime buying opportunity, replying "I think so too" to the post. The company is scheduled to release its first earnings report since listing after the US market close on August 4 Eastern Time, a milestone that will provide investors with their first formal look at SpaceX's financial results since going public.
On August 3, 2026, multiple listed companies released first-half results. Shengwu Gufen's net profit rose 72.28% to RMB 104 million. WuXi AppTec increased 29.43% and plans a dividend of RMB 5.1 per 10 shares. Jiansheng Group rose 23.23%, Sinocare 22.52%, and Sihui Fushi 16.53%. Decliners: Xinquan fell 1.9%, Rapoo 2.52%, Suzhou Jiao Ke 16.55%, Jiuzhou Pharma 26.33%, and Jiahuan Tech 30.77%.
Seres Group reported July 2026 new energy vehicle sales of 24,229 units, down 45.65% year on year, while production fell 44.47% to 24,577 units. Seres brand sales dropped 50.86% to 20,480 units. For the first seven months of 2026, cumulative NEV sales reached 203,006 units, down 6.31% year on year.
On August 3, Seres published its July production and sales report. The new-generation AITO M9 has surpassed 20,000 cumulative deliveries seven weeks after delivery began. The full M9 line has exceeded 300,000 cumulative deliveries, while the AITO M6 has passed 40,000 units in the 97 days since launch. Deliveries of the M6 EV Max+ have officially commenced.
CATL announced a 2026 interim dividend of RMB 14.11 per 10 shares (pre-tax), totaling about RMB 6.18 billion. The record date is August 7, 2026, with ex-dividend date August 10, 2026. In 2025, CATL's net profit was RMB 72.2 billion, with total dividends of RMB 36.1 billion, half of annual profit. For the first half of 2026, net profit rose 41% year-on-year to RMB 43.284 billion, while revenue grew 54.8% to RMB 276.917 billion, with energy storage segment growth near 90%.
China Mobile Ltd. is considering selling its roughly 7.8% stake in Thai telecom operator True Corp. , worth about $1.1 billion based on current market prices. The company is working with advisers to gauge buyer interest. True, which has a market capitalization of about $14.5 billion and whose shares have gained 28% in 2026, merged with Telenor's Thai unit in 2023. Earlier this year, Telenor agreed to sell its stake to Arise Digital Technology for $3.9 billion. True serves over 48 million mobile users.
Evoken, a Chinese AI application company, completed a nearly $300 million Series B+ round on June 18, 2026, lifting its post-money valuation above $2 billion. The company's annual recurring revenue reached $300 million as of May 2026, with group revenue growing more than 3,000% year-over-year. Its product portfolio includes LiblibAI, Lovart, and LibTV. The company faced near-collapse in 2023 when its flagship product was delisted and cash reserves fell to 4,000 RMB, but founder Chen Mian pivoted to a multi-product strategy and avoided acquisition.
Sungrow Power Supply announced a share repurchase plan worth RMB 500 million to RMB 1 billion, using its own or self-raised funds, for future employee stock ownership or equity incentives. The buyback will be executed via centralized bidding within 12 months at a price not exceeding RMB 188 per share. Several other companies also announced buybacks for capital reduction or incentives.
In the first half of 2026, Northern Rare Earth International Trade Company achieved batch sales of praseodymium metal, establishing a new application for light rare earths in heavy-rare-earth-free magnet materials. The company responded to technological changes in the rare earth permanent magnet industry and downstream demand for lightweight magnet products, supporting the commercial deployment of praseodymium in this emerging segment.
Samsung Electronics is shrinking its mobile store network in China, setting a monthly sales threshold of RMB 300,000 for stores. Underperforming stores are being closed, affecting cities including Shenzhen, Fuzhou, and Zhengzhou. According to IDC, Samsung's China market share fell to 0.1% in Q2 2026 from 0.4% a year earlier, with shipments down 60.8%. The company's Mobile Experience division posted its first quarterly operating loss of KRW 0.7 trillion, even as overall revenue and profit hit record highs. Samsung has not publicly detailed its China store strategy.
AMEC reported that its H1 2026 core business gross profit rose by RMB682 million year-on-year, while investment gains contributed RMB1.982 billion, up from RMB168 million in 2025. R&D spending reached RMB2.042 billion, up 36.89% to account for 30.52% of revenue. The company targets covering 60% of high-end semiconductor equipment within five years.
On the evening of August 3, several listed companies disclosed share buyback and increase progress. Wuliangye and Luxshare Precision each repurchased about RMB 1 billion worth of shares. Sinopec repurchased RMB 414 million, while Daqin Railway announced a new buyback plan. Dongwu Securities and other firms announced stake increases. Several companies also released first-half 2026 results, with Sinocare and WuXi AppTec reporting strong revenue growth.
US miner 3 Proton Lithium (3PL) has confirmed a large tungsten deposit at its Railroad Valley Minerals Project in eastern Nevada, with an estimated resource of about 1.78 million tons valued at approximately $152 billion at current prices. The company has raised nearly $50 million and is seeking to overturn a 2023 mining and exploration ban imposed at NASA's request. Global tungsten prices have risen nearly 600% since February 2025. The Railroad Valley portion was added to the federal FAST-41 fast-track program in 2025.
A person familiar with the matter has denied a report that Moonshot AI, the developer of the artificial intelligence chatbot Kimi, could submit a Hong Kong IPO application as early as August 2026. The denial is attributed to an unnamed source rather than an official company statement, and there is no indication that the company has filed with the Hong Kong Stock Exchange or set a listing timetable. Moonshot AI has not issued any announcement or confirmed that it has started the listing process.
WuXi AppTec reported first-half 2026 revenue of RMB 28.897 billion, up 38.93% year on year, and net profit attributable to shareholders of RMB 11.08 billion, up 29.43%, surpassing RMB 10 billion for the first time in a half-year period. The company raised its full-year 2026 guidance, lifting adjusted free cash flow to RMB 13.5-14.5 billion. It also proposed a dividend of RMB 5.10 per 10 shares and disclosed ongoing litigation against the US Department of Defense over its 1260H list designation.
McDonald's will launch the second round of its CHIIKAWA ARTIVERSE lucky charms on August 4, featuring four characters. Customers using the app's coupon to purchase designated meal sets will receive a random charm, while supplies last. A pre-sale package is also available for those who missed the first round, with charms delivered via QR code for redemption from mid-September. The first round sold out within two days. The collaboration involves AllRightsReserved and Spiralcute.
Soochow Securities announced on August 3 that its controlling shareholder, Suzhou International Development Group Co. , Ltd. , intends to increase its shareholding in the company within a six-month period. The total investment amount is set to be no less than RMB 100 million and no more than RMB 200 million. The purchase will be executed through centralized bidding or other compliant trading methods, as per the company's official disclosure.
Sinoma International has signed a US$476 million equipment supply contract with Itori Cement Company, a subsidiary of Dangote Group, for clinker cement production lines 3 and 4 in Ogun State, Nigeria. The contract, announced on August 3, has a total value of US$476 million and covers equipment supply for the two lines. Under the agreement, Sinoma International will provide the equipment supply services for the owner.
Jingmen Runpei New Energy Co. , Ltd. has been recently established with a business scope covering online energy monitoring technology research and development, Internet of Things technology research and development and services, Internet of Things application services, and information system integration services. Shareholding information shows the company is indirectly wholly owned by CATL, the Chinese battery maker.
Giant Network showcased its Chinese-style multiplayer adventure game Supernatural at ChinaJoy 2026 in Shanghai, where the title had surpassed 200 million registered users and 10 million daily active users by the end of the first quarter of 2026. The company highlighted the game's AI challenge mode, launched in January 2026, which generated over 25 million AI-participated matches in its first week, along with its collaborations with intangible cultural heritage including Nuo opera craftsmanship.
AMD has submitted its latest batch of RDNA 5 GPU IP patches to the Linux kernel, formally beginning support for the sixth-generation Display Core Next (DCN6) engine. DCN6 corresponds to the GFX13 architecture, the RDNA 5 GPU family. The patches introduce a scaling integrity and cost evaluation surface, a UPSP pre-scaling unit for 4:2:0 and 4:2:2 content, and new pixel format support. This marks DCN6's first appearance in kernel code. AMD has not disclosed a mass-production shipping timeline for RDNA 5.
On August 3, 2026, Fosun Pharma announced that its controlling subsidiary Fosun Wanbang (Jiangsu) Pharmaceutical Group received NMPA approval for empagliflozin and metformin hydrochloride extended-release tablets (III). The approved indication is to improve glycemic control in adults with type 2 diabetes already treated with these two drugs, in combination with diet and exercise. Another controlling subsidiary, Suzhou Erye Pharmaceutical, received approval for compound polyethylene glycol (3350) electrolyte powder to treat chronic constipation in children aged 1-11 and fecal impaction in children aged 5-11.
The company has disclosed preliminary production and operating statistics for the first seven months of the year. The figures, which are the company's preliminary results for the month, reflect its production and operating performance over the January-July period. The data have been made public in an official announcement, providing an initial overview of the company's overall operations during the period.
Samsung will launch the Galaxy S27 series in early 2027, adding a Pro model for the first time. The Galaxy S27 Pro will feature a 200-megapixel main camera, a 50-megapixel ultrawide camera, and a 12-megapixel 3x telephoto lens, positioning it between the standard S27 and the S27 Ultra. The S27 Ultra will drop the 10-megapixel 3x telephoto for a 50-megapixel 5x telephoto in a triple-camera setup. The lineup includes four models: S27, S27+, S27 Pro, and S27 Ultra.
On August 3, market speculation emerged that Moonshot AI planned to submit a Hong Kong initial public offering application as early as this month, with the proposed fundraising scale at about US$3 billion. In response, Moonshot AI said the rumour was untrue and disclosed no further details. The company did not elaborate on any potential listing plans. The market rumour had circulated earlier on August 3.
Chinese food-delivery platform Meituan held the first handover of air-conditioned vests for riders in Shapingba District, Chongqing, on August 1. The vests feature a built-in circulating cooling system, replaceable power supply, and a three-zone ventilation system to prevent heatstroke and heat-related illness. Riders tried the vests on site and experienced the cooling effect. Chongqing is the first pilot city, and Meituan will later distribute the smart vests free to riders in key high-temperature regions across China.
Sunwoda has established Shenzhen Tianshu Digital Energy Co. , Ltd. as a wholly owned subsidiary. The newly incorporated company's business scope covers battery manufacturing, research and development of high-efficiency energy-saving technologies for the power industry, and operation of electric vehicle charging infrastructure. The company was recently registered in Shenzhen.
Shanghai Pharmaceuticals Holding announced on August 3 that its subsidiary Shanghai Sine received a Drug Registration Certificate from China's National Medical Products Administration for omeprazole sodium bicarbonate dry suspension (I), approving production. The drug is indicated for short-term treatment of active duodenal ulcer and gastroesophageal reflux disease.
Daqin Railway plans to repurchase RMB400 million to RMB500 million of its own shares at a price no higher than RMB7.10 per share, with all repurchased shares to be cancelled and registered capital reduced. The buyback is estimated at 56.338 million to 70.4225 million shares, or 0.28% to 0.35% of total share capital. Bethel announced a RMB100 million to RMB200 million repurchase for employee incentives. Yunzhongma plans a RMB30 million to RMB50 million repurchase and has obtained a RMB45 million loan commitment from ICBC's Lishui Branch.