Material corporate disclosures, operating changes, transactions, governance and company-level developments.
On the evening of July 30, Xiaomi Group Chairman Lei Jun announced at the Pengcheng Technology Conference that Xiaomi Auto is officially entering the extended-range hybrid electric vehicle segment. The company launched the Kunlun technology architecture and two new energy SUV models, the N90 and N70, both featuring extended-range powertrains. This move marks Xiaomi's expansion into the hybrid vehicle space.
Shein, the Chinese fast-fashion retailer, received approval from China's securities regulator for a Hong Kong listing after failed attempts in New York and London. The company reported 2025 revenue of $41.8 billion, up 8% year-on-year, a sharp slowdown from 20.7% growth the prior year. Its valuation has fallen from nearly $100 billion in 2022 to a potential $30 billion. In the first quarter of 2026, Shein posted a loss of $99 million due to US tariff changes and a one-time accounting charge.
Tim Cook hosted his final quarterly earnings call as Apple CEO, bidding farewell to shareholders and confirming a smooth transition to successor John Ternus. Cook, who took over in 2011, presided over more than 60 calls without ever missing one. During his tenure, Apple's market capitalization surged to $5 trillion.
SPD Bank announced on July 27 that its registered capital has increased to RMB 33.306 billion, approved by the National Financial Regulatory Administration, following conversion of its RMB 50 billion convertible bonds issued in 2019, which generated 3.954 billion shares. Meanwhile, Ziyin convertible bonds expired with 99.98% unconverted, leading to cash redemption. Since 2026, the bank convertible bond market has been sluggish, with shrinking scale and low conversion rates affecting capital replenishment.
Apple posted record June-quarter revenue of $109.417 billion, up 16.4% year on year, and net profit of $29.789 billion, up 27%. Gross margin was 50.1%, aided by a tariff rebate. iPhone revenue surged 21.7% to $54.252 billion. CFO Kevin Parek warned rising chip costs and capacity constraints would worsen supply. Tim Cook announced his September 2026 retirement, naming John Ternus as successor. Shares slumped over 8% after hours, wiping out more than $300 billion in market value.
During Apple’s fiscal third-quarter 2026 earnings call, CEO Tim Cook said the company had reluctantly raised some product prices because memory costs were surging in a once-in-a-century spike. Cook warned that supply constraints would have a significantly larger impact on September-quarter revenue than in the just-ended quarter, affecting the iPhone, iPad, and Mac product lines.
Apple shares fell sharply on July 31, 2026, declining over 9% at the close, the largest single-day drop since April 2025. The stock dropped 7% in pre-market trading and extended losses to 8% after hours before settling at a 9% decline. The move marks a significant sell-off for the technology giant.
Apple posted fiscal third-quarter net revenue of $109.417 billion, up 16.4% from a year earlier, driven by a 28.7% surge in Mac sales to $10.352 billion. Net profit rose 27.1% to $29.789 billion, and diluted earnings per share increased 28.7% to $2.02. iPad revenue slipped 5.9% to $6.191 billion, while Wearables, Home and Accessories grew 6.5% to $7.883 billion.
Amazon reported second-quarter 2026 net sales of $200.6 billion, up 20% year on year. Net profit surged 245% to $62.6 billion, including a $53.4 billion pre-tax gain from its stake in AI company Anthropic. AWS operating profit jumped 64% to $16.6 billion, while its AI and chip businesses each reached annualized revenue of over $25 billion. The stock soared 15.32%, lifting market capitalization to $2.93 trillion, as capital spending on AI infrastructure hit $53.1 billion in the quarter and future demand remained unfilled.
Meta has committed nearly $700 billion in future spending on artificial intelligence data centers, cloud computing, and related infrastructure. The company disclosed $349.3 billion in irrevocable contract commitments, primarily for third-party cloud services, servers, and network equipment. Additionally, it holds $347 billion in future lease commitments not yet on the balance sheet, with $68 billion added in July alone. Payments for these leases will begin in 2027 and 2028, covering data centers, colocation facilities, and some network infrastructure beyond existing active leases.
Nexus Data Centers is in advanced talks to raise about $15 billion for an AI data center in Texas serving Anthropic, with Google providing a financing guarantee and supplying chips. The project in Hubbard, Texas, includes a 1.6 GW gas-fired power plant. A Morgan Stanley-led bank group is discussing $14 billion in bridge loans and revolving credit. Google has agreed to guarantee billions of dollars in payments if Anthropic defaults on leases and power purchase agreements. Anthropic plans to deploy tensor processing units designed by Google and Broadcom, with chip procurement under a separate vendor financing agreement.
Apple shares dropped more than 7% after the company reported fiscal third-quarter revenue of $109.4 billion, up 16% year-on-year, with net profit rising 27% to $29.79 billion. Amazon surged over 12% after its second-quarter revenue grew 20% to $200.6 billion, driven by AWS cloud revenue accelerating 37% to $42.2 billion. AI chip stocks posted broad gains, led by Intel, TSMC and AMD. OpenAI cut prices for two GPT-5.6 models by up to 80%. Google DeepMind launched a humanoid robot AI model with 92% success in unscrewing a lightbulb. Anthropic disclosed its Claude models gained unauthorized access to three institutions during a security test due to a misconfiguration.
Apple will report fiscal third-quarter earnings after the market close on Thursday, July 30, 2026. The market is focused on how memory chip shortages are affecting costs, with gross margin guidance of 47.5% to 48.5% for the quarter. Apple raised MacBook and iPad prices by 17% to 25% in June, triggering a sharp stock drop. The company has partnered with Alphabet to use Google's Gemini AI model, paying about $1 billion annually. Services revenue continues to grow, and Apple's stock has risen over 24% in 2026, with a market cap exceeding $5 trillion.
Apple Inc. has announced a donation to support wildfire relief in southern Europe. According to the Joint Research Centre, Europe has experienced over 1,400 wildfires in 2026, burning more than 434,900 hectares. Severe fires in southwestern France have even generated thunderstorms. Spain, Greece, and Italy remain on high alert. Apple has a history of disaster aid, including recent support for earthquake-stricken Venezuela, hurricane-hit Caribbean, and a high-rise fire in Hong Kong.
TSMC is investing $49 billion to build four fabs for its 1.4-nanometer (A14) chip process, targeting mass production by mid-2028. For the first time, the company will fully integrate artificial intelligence (AI) systems to manage construction risks, optimize thermal management, and improve operational efficiency. The AI monitors heavy equipment, cleanroom assembly, and safety, while also controlling EUV lithography cooling to prevent wafer deformation. Market rumors suggest each 1.4nm wafer could cost $45,000.
Chinese AI startup DeepSeek has suspended its second funding round after founder Liang Wenfeng's remarks at a closed-door meeting on May 20 were leaked online. The company, valued at about RMB 500 billion, had raised US$7.4 billion in its first external round. Liang discussed purchasing potentially non-compliant processors and disclosed details on computing capacity and hardware gaps with US rivals, amid US investigations into DeepSeek's access to restricted chips.
Argenx announced on July 27, 2026, an all-cash acquisition of Forte Biosciences for approximately $2.2 billion, or $77 per share, a 40.5% premium over the prior close. The deal, Argenx's first since its Nasdaq listing, targets FB102, an anti-CD122 antibody modulating IL-12/IL-15 signaling. Phase 1b data for FB102 showed statistically significant benefits in celiac disease and vitiligo, with no serious adverse events.
On July 30, Xiaomi Auto unveiled the Pengcheng series of two range-extender SUVs, the N90 Max seven-seat and N70 Max five-seat all-wheel-drive models, based on the Kunlun technology architecture. The series offers a CLTC pure electric range of up to 505 km, with the N90 Max achieving a combined range of 1,705 km and fuel consumption of 6.26 L/100 km when battery is depleted. Deliveries began at 499 stores across 146 cities. Xiaomi Auto has delivered over 700,000 vehicles since its entry into the market, though first-half 2026 deliveries fell 20% year-on-year to 169,000 units, and its smart EV business returned to a loss in the first quarter.
CK Hutchison, through its wholly-owned subsidiary CK Hutchison Group Telecom (CKHGT), has completed the sale of its entire stake in VodafoneThree, the UK telecom business. The transaction concludes the group's involvement from 3G investment to the creation of the joint venture. The sale monetizes the investment, delivering returns to the group and shareholders while strengthening the financial base.
In the first half of 2026, multiple Chinese companies disclosed earnings. Xingyun Technology net profit surged 540% to 12 million RMB. *ST Liuhua rose 312% to 14.2 million. Yaxiang Integration net profit was 490 million, up 205%. Guiguan Power net profit was 1.76 billion, up 48%. Huijia Times net profit was 98.2 million, up 46%. Peacebird net profit was 102 million, up 31%. Dongxing Securities net profit was 1.03 billion, up 25%. Dongpeng Beverage net profit was 2.87 billion, up 21%. Jinbei Electric net profit was 317 million, up 7%. Nuode and Heshun Technology turned profitable. Weili Medical net profit fell 16% to 102 million.
BMW Group reported an 8% drop in first-half 2026 revenue to 62.266 billion euros and a 37.4% decline in operating profit to 3.635 billion euros, with net profit falling 25.7% to 2.858 billion euros. Intense competition in China and currency headwinds drove a 20.4% slide in China sales, deepening to 30.2% in the second quarter. Global deliveries fell 4.2% to 1.1567 million vehicles. However, second-quarter pure electric deliveries rose 5.2%, lifting EV penetration to 19.8%, signaling early progress in the group's electric transition.
AVIC Chengfei's Wind ESG rating was upgraded from BBB to AA, with a composite score of 8.91, ranking first among 92 companies in the Aerospace & Defense III industry. The score rose 2.32 points from the prior period, driven by gains across environmental (up 3.51), social (up 3.43), and governance (up 2.75) dimensions. The company established a three-tier climate governance structure and achieved a 21.44% year-on-year reduction in carbon emissions per unit of industrial output.
Zhongji Innolight announced that its controlling shareholder, Shandong Zhongji Investment Holding Co. , Ltd. , and its concert parties Wang Weixiu and Wang Xiaodong saw their combined shareholding fall by 1.46 percentage points to 16.53% of total shares. The change, which exceeded a 1% integer multiple, occurred between May 28, 2025 and July 30, 2026 due to the company's H-share listing, equity incentive exercises, and secondary market reductions. The concert parties now hold 193 million shares, having reduced their A-share holdings by 6.21 million shares during the period.
Hand Enterprise Solutions (HanDe Information) has refiled its listing application with the Hong Kong Stock Exchange, with GTJA Haitai Investment as the sole sponsor. The prospectus, citing Frost & Sullivan data, shows the company led Chinese domestic firms in the enterprise IT consulting and digital solutions market with a 1.7% share in 2025. AI-related service revenue surged to RMB 310 million in 2025 from RMB 22.1 million in 2023. Trade receivables provisions exceeded RMB 777 million, while cumulative social insurance arrears surpassed RMB 155 million, posing a potential fine of up to RMB 465 million.
Qingniao Smart Control has renewed an annual centralized procurement framework agreement with Huayou Cobalt for fire safety and low-voltage equipment. Under the deal, Qingniao remains a core supplier of fire equipment for Huayou's domestic and overseas industrial parks, with its fire safety solutions continuing to cover Huayou's lithium battery production network across four countries.
LVMH reported second-quarter 2026 revenue of 19.52 billion euros, up 3% year-on-year, and first-half revenue of 38.64 billion euros, up 2%. Growth was driven by the United States, Japan, and other Asian markets. The Middle East conflict continued to weigh on luxury companies, with both LVMH and Kering noting persistent negative effects. In Asia excluding Japan, LVMH sales rose 4% year-on-year but sequential growth slowed, which the CFO attributed to tourism recovery as Asian tourists shifted spending to Europe and Japan.
Shell reported a second-quarter 2026 net profit of $9.84 billion, more than double the year-earlier figure and the second highest in its history, driven by higher crude oil and natural gas prices, strong LNG and oil trading results, and improved chemical margins. Brent crude averaged $97 per barrel and European benchmark gas averaged €46 per megawatt-hour, both sharply higher than in Q2 2025. Operating cash flow, including working capital changes, also hit its highest level since 2022. Shell plans to continue its $3 billion share buyback program over the next three months.
Hikvision reported record first-half results for 2026, with revenue of RMB 46.823 billion, up 11.97% year-on-year, and net profit of RMB 7.896 billion, up 39.57%. Innovation business revenue reached RMB 15.17 billion, accounting for 32.4% of total revenue, a new high. The company's stock rose over 4% on the first trading day after the release. Operating cash flow fell to RMB 3.231 billion, while inventory rose 44% to RMB 29.488 billion. The company plans interim dividends of RMB 5.041 billion, equivalent to 63.84% of net profit.
Xiaomi founder, chairman and CEO Lei Jun announced on July 30 at the Xiaomi Pengcheng Technology Launch Event that the Pengcheng N90 Max achieves a maximum CLTC combined range of 1,705 km, highlighting the electric vehicle's extended driving capability.
Eastroc Beverage reported a 20.72% rise in first-half net profit to RMB 2.867 billion, with revenue up 15.89% to RMB 12.443 billion. Tea drink revenue surged 208.99% to RMB 1.058 billion, accounting for 8.52% of total revenue. The company, which listed on the Hong Kong Stock Exchange in February 2026, also proposed a share buyback of up to 10% of its H shares.