Kweichow Moutai Reports H1 2026 Revenue of RMB 90.7 Billion, Net Profit Down 1.95%
Kweichow Moutai posted first-half 2026 revenue of RMB 90.703 billion, up 1.47% year on year, while net profit attributable to shareholders fell 1.95% to RMB 44.517 billion. Deducted non-recurring profit declined 2.04% to RMB 44.464 billion, with basic EPS at RMB 35.57. Second-quarter net profit was RMB 17.274 billion, down 36% quarter on quarter. Other companies reporting results included Shengyi Technology, with net profit up 130.42%, and Lixin New Energy, with net profit surging 715.75%.
On the evening of August 14, several A-share listed companies released their 2026 semi-annual reports and key announcements. Kweichow Moutai disclosed that it achieved operating revenue of RMB 90.703 billion in the first half, up 1.47% year on year; net profit attributable to shareholders was RMB 44.517 billion, down 1.95% year on year; deducted non-recurring net profit was RMB 44.464 billion, down 2.04%; and basic earnings per share were RMB 35.57. Based on quarterly data, the company's second-quarter net profit was RMB 17.274 billion, while first-quarter net profit was RMB 27.243 billion, representing a quarter-on-quarter decline of 36%.
Shengyi Technology also released its semi-annual report on the same day, posting operating revenue of RMB 19.026 billion in the first half, up 50.05% year on year, and net profit attributable to shareholders of RMB 3.287 billion, up 130.42% year on year. The company attributed the revenue growth to continued optimization of copper-clad laminate sales volume and product mix, as well as higher sales of printed circuit boards and an increased share of high-value-added products. Based on quarterly data, second-quarter net profit was RMB 2.129 billion, compared with RMB 1.158 billion in the first quarter, up 83% quarter on quarter.
Lixin New Energy disclosed that its first-half operating revenue was RMB 644 million, up 29.75% year on year; net profit attributable to shareholders was RMB 73.0239 million, up 715.75% year on year; and basic EPS was RMB 0.0782. The company's performance was affected by increased investment income from the gradual grid connection and commissioning of power generation projects under the "Xinjiang-to-other-regions power transmission" third channel owned by its associates, as well as reduced credit impairment losses due to increased recovery of new-energy subsidies. Unigroup Guoxin released its semi-annual report, with first-half operating revenue of RMB 3.443 billion, up 13% year on year, and net profit attributable to shareholders of RMB 798 million, up 15.29% year on year. By product category, the memory segment grew 305% year on year, logic chips rose 45%, and all other product categories achieved positive year-on-year growth.
In refinancing, Fuleide announced that it plans to issue convertible corporate bonds to unspecified investors, with total proceeds not exceeding RMB 1.176 billion. After deducting issuance costs, the proceeds are intended for seven projects, including the Dalian Fuleide precision cleaning and regeneration service production line project, the semiconductor equipment precision regeneration and ceramic packaging substrate project (phase I), and a project for annual repair of 400,000 high-process precision components for semiconductor equipment.
Several companies issued announcements on abnormal stock trading fluctuations. Changyingtong announced that its stock price cumulative increase deviation exceeded 30% over three consecutive trading days from August 12 to 14, 2026. As of now, the company's revenue from polarization-maintaining fiber-related business accounts for less than 1% of total revenue, with few orders on hand; orders or intended orders for communication-sector fiber are limited, and no major new communication customers have been added. The company noted that some media reports on subsidiary performance targets were market forecasts made by relevant institutions based on 2026 performance commitments, not company-confirmed data, and do not represent operational commitments. Ju Guang Technology announced that its stock price cumulative increase deviation exceeded 30% over three consecutive trading days from August 12 to 14. The company's emerging business areas such as optical communications and consumer electronics still account for a relatively low proportion of overall revenue, some traditional businesses face downward pressure, and there is uncertainty about whether emerging businesses can sustain scaled growth in the future.
In personnel changes, Jinpan Technology announced that its board received a resignation report from Vice President Wu Qing on August 7, 2026. Wu Qing resigned as vice president for personal reasons, effective upon delivery of the report to the board, and will continue to hold other positions at the company.
In drug registration, Chinese Health announced that its wholly-owned subsidiary Anhui Zhengyao Pharmaceutical Technology Co. , Ltd. recently received the "Acceptance Notice" for the drug registration and marketing authorization application for ferrous succinate tablets from the National Medical Products Administration. Ferrous succinate tablets are anti-anemia drugs mainly used to treat and prevent iron-deficiency anemia. Jumpcan Pharmaceutical announced that its wholly-owned subsidiary received the "Drug Registration Certificate" for pediatric laxative granules and the "Drug Registration Certificate" for mesalazine sustained-release granules, both approved and issued by the National Medical Products Administration. Pediatric laxative granules are used for constipation in children with food accumulation syndrome according to traditional Chinese medicine differentiation; mesalazine sustained-release granules are used for the treatment and maintenance treatment of mild to moderate ulcerative colitis and Crohn's disease attacks.
In share buybacks, Inhand Networks announced plans to repurchase its shares through centralized bidding, with total repurchase amount of no less than RMB 20 million and no more than RMB 30 million, at a price not exceeding RMB 56 per share. The repurchased shares will be used to reduce registered capital, with a repurchase period of six months from the date the shareholders' meeting approves the plan. Ningxia Building Materials announced plans to repurchase its shares through centralized bidding, with total repurchase amount of no less than RMB 100 million and no more than RMB 200 million, at a price not exceeding RMB 19.47 per share. The repurchased shares will be used to maintain company value and protect shareholders' interests, with a repurchase period of three months from the date the shareholders' meeting approves the plan.