14 Firms Disclose QFII Holdings for 2026 Interim, Total Value RMB 119.95 Billion; CATL Revenue RMB 276.92

As of July 28, 14 listed companies have disclosed their holdings by qualified foreign institutional investors (QFII) for the 2026 interim reports, with a total market value of approximately RMB 119.95 billion. Specifically, QFII held 27.3666 million shares of CATL, 19.4441 million shares of Jinmei Technology, 7.2878 million shares of Zhonglan Environmental, 7.1954 million shares of Hainan Mining, 4.9259 million shares of Sushi Test, and 4.4114 million shares of Zhengtai Power.

CATL's semi-annual report showed that in the first half of 2026, the company achieved revenue of RMB 276.92 billion, up 54.8% year-on-year, and net profit attributable to shareholders of RMB 43.28 billion, up 41.98%. Combined sales of power and energy storage batteries increased by approximately 60% year-on-year, with energy storage batteries accounting for about one-quarter of sales. CATL also announced plans to repurchase shares using no less than RMB 20 billion and no more than RMB 40 billion, with the repurchased shares to be cancelled to reduce registered capital. Upon completion, this buyback will surpass the previous single-repurchase record of RMB 15 billion set by Gree Electric Appliances.

In terms of position changes, QFII added 14.1866 million shares of Jinmei Technology and 6.6857 million shares of Zhonglan Environmental in the second quarter, while reducing holdings of Wohua Pharmaceutical by 5.623 million shares and Youcai Resources by 2.3224 million shares. The remaining stocks were new QFII positions in the second quarter. Jinmei Technology reported first-half revenue of RMB 478 million, up 1.06% year-on-year, and net profit of RMB 20.4138 million, turning from a loss to a profit.

Based on interim reports, preliminary results, and forecasts, the first 14 QFII-held listed companies generally showed strong performance in the first half. Haoji Motor's net profit surged 266.57% year-on-year, Youcai Resources rose 103.87%, while CSSC Special Gas, Hainan Mining, and Wohua Pharmaceutical posted net profit growth of 95.63%, 82%, and 51.23%, respectively. Jinmei Technology achieved a turnaround to profitability.

Haoji Motor reported first-half revenue of RMB 1.166 billion, up 65.86% year-on-year, and net profit of RMB 232 million, up 266.57%. Revenue from spindle products reached RMB 816 million, up 79.73%, accounting for 69.96% of main business revenue. Sales of PCB drilling spindles, PCB routing spindles, lathe spindles, and CNC engraving and milling spindles all saw significant increases in volume and revenue. Revenue from functional components such as rotary tables and linear motors reached RMB 166 million, up 78.25%, representing 14.23% of main business revenue. Driven by demand from AI computing infrastructure, sales of linear motors and direct-drive rotary tables achieved substantial growth in both volume and revenue.

Youcai Resources reported first-half revenue of RMB 1.33 billion, up 7.87% year-on-year, and net profit of RMB 82.5863 million, up 103.87%. The performance improvement was mainly due to the pass-through of rising upstream raw material prices and higher product gross margins, along with optimized operations, enhanced market expansion, and increased R&D investment, with benefits from the convertible bond-funded projects gradually materializing.

From the second quarter through July 27, margin financing added RMB 1.823 billion to CSSC Special Gas, RMB 1.774 billion to CATL, and RMB 868 million to Haoji Motor. CSSC Special Gas recently stated that due to a sharp rise in the price of upstream raw material tungsten powder, production costs for tungsten hexafluoride have come under significant pressure. Starting in the third quarter, the company has shifted to an independent pricing strategy based on supply-demand dynamics, industry trends, market competition, and national policies, with the new pricing mechanism already in effect. The company's current tungsten hexafluoride capacity is 2,000 tons per year, with capacity utilization at a relatively high level.