Material corporate disclosures, operating changes, transactions, governance and company-level developments.
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.
Guangdong Hongda (002683) announced on July 30 that its chairman, Gao Hongqing, proposed a share buyback of between RMB 50 million and RMB 100 million through centralized bidding, with the repurchased shares to be used for an equity incentive plan or an employee stock ownership plan.
Boyuan Chemical reported its half-year results for the first half of 2026 on July 30. The company posted operating revenue of RMB 6.031 billion, a year-on-year increase of 1.94%. Net profit attributable to shareholders reached RMB 834 million, up 12.27% from a year earlier. Basic earnings per share stood at RMB 0.22.
Porsche plans to cut more than a third of its German workforce, about 8,900 positions, through natural attrition, partial retirement and voluntary severance, as it seeks to cut costs and protect remaining jobs and factories until 2035. The Stuttgart-based sports-car maker will eliminate 5,000 positions at its main Zuffenhausen plant and Weissach development centre, building on a previous agreement to cut 1,900 jobs in the Stuttgart area and the expiry of about 2,000 temporary contracts. Employees face significant concessions, including a delayed pay rise, a lower Christmas bonus cap, and reduced remote work, following negotiations with IG Metall and Südwestmetall.
Zhongji Innolight (03308. HK) debuted on the Hong Kong Stock Exchange on July 30, opening at HK$971 per share and achieving a market capitalization of approximately HK$1.14 trillion, making it the exchange's largest IPO this year. The company, which first listed on Shenzhen's ChiNext in 2012, derives over 95% of its revenue from its Suzhou-based subsidiary Suzhou Innolight, a leading optical interconnect solutions provider. In the first quarter of 2026, it reported revenue of RMB 19.5 billion and net profit of RMB 5.7 billion.
Yongyi Electronics (688362) announced on July 30 that its actual controller, chairman, and general manager Wang Shunbo proposed a share buyback of A-shares using own or self-raised funds. The total repurchase amount is set at no less than RMB 100 million and no more than RMB 150 million. The repurchased shares will be used for employee stock ownership plans or equity incentives.
Citic Securities released the fourth phase report on Honor's initial public offering (IPO) listing guidance on July 30, following Honor's registration with the Shenzhen Securities Regulatory Bureau in June 2025. The fourth phase covers comprehensive due diligence, project meetings, corporate governance improvements, and assistance in evaluating fundraising projects. The next phase will continue with the same team.
Since July 2026, about 250 A-share companies have announced buyback and shareholding increase plans, with a total upper limit of 89.1 billion yuan. The year 2000 is referenced as a historical benchmark for such corporate actions. CATL plans to repurchase up to 40 billion yuan in A-shares for cancellation, while other firms like Zhongji Innolight and Foxconn Industrial Internet also disclosed significant buyback programs.
Moonshot AI has completed approximately $3.5 billion in funding, giving the Beijing-based company a post-money valuation of $35 billion. The round size was roughly double the initial target range of $1 billion to $2 billion. The company's annual recurring revenue rose to $300 million as of June, up from $100 million in March, supporting its valuation.
Chinese companies in July 2026 announced a total of RMB 67.6 billion in stock buybacks, the largest such plan since the tariff escalation in April 2025, aiming to curb a sell-off and boost investor confidence. CATL will repurchase up to RMB 40 billion, while Foxconn Industrial Internet plans RMB 2 billion. The move comes amid a global equity rout driven by concerns over AI valuations and capital spending, with Chinese authorities also deploying new support measures. The CSI 300 fell over 7% in July, on track for its worst month since October 2022, while the STAR 50 index plunged about 24%.
Tinci Materials has established a wholly-owned subsidiary in Shandong, Tinci New Materials (Shandong) Co. , Ltd. , with a registered capital of 150 million yuan. The new company, with Zhou Li as legal representative, focuses on new material technology research and development, as well as the manufacturing, development, and sales of electronic special materials.
Microsoft reported Q2 2026 results, adding over $130 billion in new data center lease contracts, raising total commitments to $329.1 billion. Azure revenue grew 32% to $39.3 billion, contributing to total revenue of $90 billion, up 18%. Net income rose 31% to $35.8 billion, including a $3.2 billion gain from its Anthropic stake. Capital expenditure reached $41 billion, up 70%. Microsoft maintained full-year capex guidance, adjusted to $175 billion due to accounting changes. OpenAI contributed $24.1 billion in revenue over the past year. Contract backlog increased to $678 billion.
Demingli stated on an interactive platform that its overall operations are healthy, with year-on-year net profit growth of 196% to 266%. The company attributed second-quarter net profit performance to factors such as higher expenses, increased R&D investment, capacity construction provisions, and share-based payment costs. It is actively increasing strategic reserves, maintaining ample inventory, and boosting customer acquisition spending. New businesses including enterprise-grade storage, embedded storage, and memory modules remain in an accelerated expansion phase, with contributions from these investments beginning in the second quarter and sustaining high growth.
Rongbai Technology plans to invest 4.723 billion yuan to build a 300,000-tonne-per-year sodium-ion battery cathode material integrated project in Xiantao. The project will be implemented by a consolidated subsidiary in three phases: Phase 1 with 50,000 tonnes, Phase 2 with 100,000 tonnes, and Phase 3 with 150,000 tonnes.
Hong Kong's ICAC has charged three former HSBC customer managers – Chen Fukun, Chen Weibo, and You Qilong – with a total of six corruption counts. Chen Fukun allegedly accepted bribes exceeding RMB35,000 from an insurance agent to let referred clients bypass queues for bank account openings, receiving RMB1,000 to RMB1,200 per client. He also paid RMB300 to RMB500 each to Chen Weibo, You Qilong, and another manager for handling referrals. Separately, Chen Weibo faces an additional charge for placing over RMB120,000 in illegal online bets in February 2026. The case will be heard at Eastern Magistrates' Courts tomorrow.
Swedish legal tech unicorn Legora has acquired London-based fact intelligence platform Wexler, marking its fifth acquisition in 2026. Legora, a legal AI company headquartered in Stockholm, will integrate Wexler's engine into its agent operating system. Wexler's team will form the core of Legora's new London engineering center. The deal follows Legora's earlier 2026 purchases of Cadastral (New York) and Qura (Stockholm). In April 2026, Legora added 42 million euros ($50 million) to its Series D, bringing the round to 513 million euros ($6 billion) at a valuation of 4.7 billion euros ($5.6 billion). Legora's annual recurring revenue exceeds 87.4 million euros ($100 million), and its platform serves over 100,000 lawyers across 1,500 firms in more than 50 markets.
Phoenix Media Chairman Zhang Chaoyang has resigned from his roles as director, chairman, and head of the strategy and sustainable development committee due to a work adjustment. The company will promptly proceed with the election of a new director and a new chairman.
Pingmei Share, a Chinese coal producer, reported its commercial coal sales volume for the first half of 2026 reached 13.34 million tonnes, up 16.62% year-on-year. The company's commercial coal sales revenue totaled RMB 10.886 billion, an increase of 25.58% from the same period in 2025. The figures were released in the company's semi-annual operational update.
Zhongji Innolight, a leading optical module maker, debuted on the Hong Kong Stock Exchange on July 30, 2026, at an IPO price of HK$980 per share, raising HK$53.41 billion in the city's largest IPO in seven years. The shares fell below the IPO price on the first day. Chairman and President Liu Sheng proposed a share buyback of RMB 4 billion to RMB 8 billion. The company reported Q1 2026 revenue of RMB 19.496 billion, up 192% year-on-year, and net profit of RMB 5.735 billion, up 262%.
Tesla's 10 millionth electric vehicle globally has officially rolled off the production line on July 30, 2026. The milestone marks a significant achievement for the company, which has been rapidly scaling production. The figure represents the cumulative number of electric vehicles Tesla has built since its first car. The company did not specify the model or production location of the 10 millionth vehicle.
In December 2024, Country Garden sold its 1.56% stake in memory chip maker ChangXin Memory Technologies (CXMT) to a Hefei state-owned platform for RMB 2 billion. After CXMT’s IPO on the STAR Market on July 27, 2026, the stake was valued at over RMB 47 billion, approximately 24 times the sale price. The transaction provided immediate liquidity for Country Garden’s housing delivery obligations, while the state-owned buyer assumed long-term industry upside.
Asics unveiled its third global flagship store, ASICS FLAGSHIP SHINJUKU, in Tokyo's Shinjuku district on July 30, with the official opening on July 31. The four-story, 605-square-meter store sells running, tennis, basketball, and golf shoes, and for the first time at a direct-operated store, offers an original embroidery service for T-shirts. Asics Japan President Masashi Abe said the location is ideal for diverse customers and international tourists, with multilingual services. The nearby Onitsuka Tiger flagship store opened on July 10, and Abe expects synergy between the two.
China South-to-North Water Diversion Group Co. , Ltd. issued a statement on July 29 denying any investment or construction of the so-called 'Qaidam Basin Water Resource Allocation and Desertification Comprehensive Management Project,' which it said was fabricated by criminals impersonating the company. The group, with registered capital of RMB 150 billion and established in October 2020, warned the public to seek project information only from official channels and report any suspicious activity to police.
SAIC Motor's MG brand launched the MG 07 pre-sale on July 29, offering five trims from 125,900 RMB. The model features a 845km battery from CATL, a 650km semi-solid-state battery, 800V architecture, 5C fast charging, Momenta R7 lidar autonomous driving, mCDC intelligent electromagnetic suspension, and HeatMatrix active cooling motor. SAIC has invested nearly 190 billion RMB in R&D with over 24,000 patents. The vehicle targets the 120,000-160,000 RMB segment. A flash marketing campaign will open 100 pop-up stores in 59 cities.
Affiliates of battery giant CATL, including Xiamen Ruiting Investment, Xiamen Jinrui Investment Partnership, and Xiamen Puquan Private Equity Fund Management Partnership, have jointly established the Xiamen Ruiyuan Times Phase II M&A Equity Investment Fund Partnership. The fund has a capital commitment of about 3 billion yuan and will engage in private equity investment, investment management, asset management, and investment activities using its own capital.
The 36th Qingdao International Beer Festival opened in July, running for 30 days. Tsingtao Brewery showcased its full product lineup, including new craft beers such as hazy IPA and Belgian dubbel, as well as upgraded Whole Wheat 1903 and health-oriented options. China's beer industry achieved sales revenue of approximately RMB 180 billion in 2025, up 4% year-on-year, with profit of about RMB 30.5 billion, up 18%. Tsingtao reported a gross margin of 41.72% and record sales for premium products.
Novosense has unveiled the NSM350x series, China's first domestically produced dual-track vernier algorithm magnetic encoder chip based on the Hall effect. The chip enables high-precision single-turn absolute angle detection, expanding the company's product line in angle sensing. With this launch, Novosense becomes the first domestic chipmaker to offer dual-track vernier encoder products using both magnetic induction and eddy current sensing technologies.
Beibu Gulf Port stated on July 30 that navigation arrangements for the Pinglu Canal are coordinated by the project authority. The company will continue to cooperate with relevant parties to implement supporting connection projects for the canal.
Starbucks reported third-quarter net profit of $1.045 billion for the period ended June 30, 2026, up 87% year-on-year, with global same-store sales rising 7.9%. Revenue fell 1.4% to $9.323 billion, impacted by the sale of its China business stake and currency effects. North America same-store sales increased 8.1% and international same-store sales rose 5.7%. The coffee chain opened 175 stores, bringing the total to 41,304, of which 33% are company-operated. Starbucks raised its full-year guidance, and shares rose 4.48% in after-hours trading to $108.81.
Northeast Securities announced on July 29 that a court has initiated pre-reorganization proceedings for its largest shareholder, Yatai Group, which holds a 30.81% stake in the broker. Yatai Group has been trying to sell its shares since 2022, and a deal signed in March 2024 would transfer 20.81% to Changfa Group and 9% to Changchun Financial Holding, potentially shifting control to Changchun State-owned Assets Supervision and Administration Commission. However, the deal remains uncertain as of May 2026. Meanwhile, Northeast Securities reported a net profit of RMB 764 million for the first half of 2026, up 77.49% year-on-year.