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Company news and operating events

Material corporate disclosures, operating changes, transactions, governance and company-level developments.

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181
OtherImportance 30

Unisplendour Establishes Ziguang Yaochen Intelligent Manufacturing in Hainan with RMB 10 Million

Unisplendour has established a new wholly-owned subsidiary in Hainan, Ziguang Yaochen (Hainan) Intelligent Manufacturing Co. , Ltd. , with a registered capital of RMB 10 million. The company, with Huang Xinwei as legal representative, will focus on manufacturing communication equipment, electronic components, and information security equipment, as well as wholesale and sales of related products. The new entity is indirectly wholly owned by Unisplendour.

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182
U.S. equitiesImportance 65

Apple Launches Apple Upgrade Service in the US with Monthly Payments for iPhones, Macs, iPads

Apple has officially launched Apple Upgrade in the United States, allowing users to pay monthly for iPhones, Macs, and iPads instead of purchasing them outright. The service offers up to 24 installments for iPhone and Apple Watch, and up to 36 months for Mac or iPad. Users can upgrade to newer models at any time during the lease and choose to buy out, trade in, or return the device. This expands Apple's existing iPhone Upgrade Program to its entire product line, integrating hardware into its subscription ecosystem.

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184
U.S. equitiesImportance 82

eMarketer sees US chatbot ad market at $10 billion by 2030, OpenAI targets 100 billion

OpenAI targets $100 billion in ad revenue by 2030, but eMarketer forecasts the entire US chatbot ad market at only $10 billion. OpenAI's ad model faces challenges: user intent is productivity, not shopping; brand safety risks; and lack of ad infrastructure. OpenAI is shifting to an "ad plus transaction" model, partnering with Visa and Stripe to enable AI agent commerce. Domestic Chinese AI firms are exploring similar paths.

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185
OtherImportance 70

Tencent Video Tests AI Creation Platform WorkSolo with Credit Subscription

Tencent Video's intelligent creation platform division is testing WorkSolo, an AIGC content creation platform that integrates AI short drama, interactive film, and free canvas modes. It follows the industrial-grade WorkRally for comic-to-animation projects. WorkSolo adopts a free trial, membership, and credit-based model: free users get 100 credits, basic members 900 credits per month for 900 images and 200 videos, and premium members 3,000 credits for 3,000 images and 750 videos. The platform remains in beta, with official launch details pending.

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186
OtherImportance 85

Moonshot AI Restructures to Joint-Stock Company, Yang Zhilin Takes Helm, Raises $3.5 Billion

Moonshot AI completed a business registration change on July 29, transforming into a joint-stock limited company, with founder Yang Zhilin appointed as chairman and manager. The same day, the company closed a $3.5 billion Series F financing round, lifting its post-money valuation to $35 billion. Founded in April 2023 with registered capital of RMB 1.523585 million, Moonshot AI is a leading Chinese general large model developer.

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187
OtherImportance 60

CCB Launches Elderly-Focused Credit Card Covering Shopping, Travel and More

China Construction Bank (CCB) has introduced the 'CCB Life Card Yiyang Life Edition' credit card, designed for elderly households. The card features a bergamot-themed design symbolizing longevity and peace, and offers random discounts at supermarkets and discounts on travel spending above a threshold. Children can apply for a primary card and a supplementary card for their parents. CCB previously launched the Long Card Family Love credit card, providing health, travel, and safety benefits. Together, the two cards cover five major financial services: shopping, travel, medical care, transportation, and safety, supporting the 15th Five-Year Plan's push for silver economy development.

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188
Hong KongImportance 78

US FTC Investigates Shein's US Business; Shein First Discloses Probe in Hong Kong IPO Filing

The US Federal Trade Commission (FTC) is investigating Chinese fast-fashion retailer Shein's US operations to protect consumer rights. Shein disclosed the probe for the first time in its Hong Kong stock exchange IPO prospectus. The FTC enforces antitrust and consumer protection laws, including advertising, false marketing, and data privacy. In September 2025, rival Temu was fined $2 million for failing to fully comply with the 2023 Consumer Notification Act. Shein has previously faced a fine in France for allegedly collecting consumer data without consent and offering false discounts, and is appealing penalties for data privacy violations.

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189
A-sharesImportance 30

CEC Port Shareholder Count Falls to 84,187, Down 10.34% Sequentially; Stock Down 34.03%

CEC Port disclosed that as of July 20, its shareholder count stood at 84,187, down 10.34% from 93,898 on July 10. The stock price has fallen 34.03% since the previous period to RMB 20.47 as of July 29, with 5 up days and 9 down days, including 2 limit-downs. The company's margin-trading balance was RMB 774 million, with margin balance decreasing by RMB 169 million. In Q1, revenue rose 144.36% to RMB 29.86 billion, and net profit grew 87.38% to RMB 158 million.

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190
A-sharesImportance 60

36 A-Share Companies Disclose 2026 Interim Reports, Over 80% See Net Profit Growth

As of July 30, 36 A-share companies had published their 2026 interim reports, with 31 reporting year-on-year net profit growth and 14 doubling profits. Yisheng Livestock led with a 4,897% net profit surge to RMB 308 million. CATL posted a 42% net profit increase to RMB 43.28 billion, while Hikvision and Lujiazui also reported strong gains. Revenue growth was widespread, with 31 companies reporting higher turnover.

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191
OtherImportance 60

Sungrow Power Fully Establishes Sungrow Hydrogen (Suzhou) Technology Co., Ltd. for Hydrogen Equipment

Sungrow Power Supply Co. , Ltd. has set up a wholly owned subsidiary, Sungrow Hydrogen (Suzhou) Technology Co. , with Yang Wei as legal representative. The new company will engage in the sale of gas and liquid separation and purification equipment, manufacture of new energy original equipment, electrical machinery, and station hydrogen refueling and storage facilities, among other activities.

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192
OtherImportance 98

Samsung Electronics Q2 2026 Revenue 171.5 Trillion Won, Record Operating Profit 89.5 Trillion Won

Samsung Electronics reported a record operating profit of 89.5 trillion won for the second quarter of 2026, up 1,814% year-on-year, driven by AI-fueled memory chip demand. Revenue rose 130% to 171.5 trillion won, while net profit surged 1,299.9% to 71.6245 trillion won. The semiconductor division contributed almost all profit, with the Device Solutions unit posting record sales and profit. The mobile business swung to an operating loss due to soaring chip prices. Shares closed up 2.44% but remain down over 40% from their June all-time high.

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193
A-sharesImportance 70

Investor Service Center nominates independent director to Caida Securities, first for a listed broker

The China Securities Investor Service Center (ISC) has for the first time nominated an independent director to a listed securities broker, Caida Securities, and launched a public solicitation of voting rights for the election. The move, announced on July 29, extends the ISC's third-party nomination model to the financial sector. So far in 2026, the ISC has nominated independent directors to 28 listed companies across various industries, including pharmaceuticals, technology, and finance.

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194
OtherImportance 60

Xiamen Tungsten New Energy Releases 2026 H1 Performance Preview: Revenue RMB 14.488 Billion, Net Profit RMB

Xiamen Tungsten New Energy, a STAR Market-listed company, released its 2026 first-half performance preview as of July 30. The company reported revenue of RMB 14.488 billion and net profit of RMB 491 million. Basic earnings per share stood at RMB 0.98, with a weighted average return on equity of 5.21%. The half-year report is scheduled for release on August 20, 2026.

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196
OtherImportance 70

Ford Motor posts $1.3 billion net loss in Q2 2026, adjusted profit up 17%, raises guidance

Ford Motor reported a GAAP net loss of $1.327 billion in the second quarter of 2026, driven by a $3.6 billion one-time charge from the BlueOval SK disposal and EV program cancellations. Adjusted EBIT rose 17% year-on-year to $2.5 billion, with margin improving 0.9 percentage points. Revenue was $48.3 billion. The company raised its full-year guidance. Ford Blue profit surged 72%, while US sales fell 10.3% and EV sales dropped 57.4%. Ford plans to launch a new UEV platform in 2027 and targets 20 GWh annual battery storage capacity by end-2027.

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197
OtherImportance 70

Tesla FSD v14.3.5 Brakes Suddenly at Green Light for Non-Emergency Ambulance, Phantom Braking Complaints

A US Tesla owner reported that their vehicle with FSD v14.3.5 suddenly braked at a green-light intersection at about 80 km/h, throwing items from the passenger seat. The system misidentified a non-emergency ambulance without lights or siren. Phantom braking complaints have increased; the US NHTSA received hundreds of such reports in 2022. FSD v14's average critical disengagement distance is 732 miles, still far from the 10,000-mile target for unsupervised operation.

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198
U.S. equitiesImportance 85

Meta Platforms Q2 Revenue $60.8 Billion, Up 28%; Adjusted EPS $6.18

Meta Platforms reported second-quarter revenue of $60.8 billion, up 28% year over year, and adjusted earnings per share of $6.18. Adjusted operating profit reached $22.355 billion, up more than 9%, after excluding $2.4 billion in legal costs and $1.18 billion in severance. Instagram daily active users hit 2 billion, Threads surpassed 500 million monthly active users, and other app family revenue reached $1 billion for the first time, up 73%. Reality Labs saw growth from AI glasses offset by Quest headset declines.

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U.S. equitiesImportance 70

Starbucks Target Price Raised to $120; Q3 Revenue $9.32 Billion, EPS $0.85

Starbucks reported fiscal third-quarter revenue of $9.32 billion and adjusted earnings per share of $0.85 for the period ended June 2026. North America same-store sales rose 8.1%, with U. S. same-store sales up 7.9%, driven by both transactions and average ticket. The stock gained over 5% in after-hours trading to near $110. Year to date, shares are up 23.7%, outperforming the S&P 500's 6.9% gain and the consumer discretionary sector's 6.5% decline. CEO Brian Niccol's "Back to Starbucks" transformation plan contributed to balanced growth across demographics and dayparts.

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200
OtherImportance 85

CATL Plans Up to 40 Billion Yuan A-Share Buyback for Cancellation, Price Cap 50% Above Market

CATL disclosed on July 24 a plan to repurchase 20 billion to 40 billion yuan of its A-shares for cancellation and capital reduction. The repurchase price cap is about 50% above the current share price. The cancellation will directly increase existing shareholders' ownership if net profit remains unchanged. CATL's 2026 semi-annual report showed revenue of 276.9 billion yuan, up 54.8%, and net profit of 43.28 billion yuan, up 42%. As of end-June, cash exceeded 372 billion yuan. Regulators have been pushing listed firms to build long-term shareholder return mechanisms, and cancellation buybacks provide a more direct benefit than those used for equity incentives.

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202
A-sharesImportance 82

Changxin Technology Lists on A-Share Market on July 27, 2026, Marking China's Breakthrough in DRAM from Zero

Changxin Technology (Changxin Memory) began trading on the A-share market on July 27, 2026, representing a significant breakthrough in China's DRAM sector. The listing breaks the long-standing monopoly of Samsung, SK Hynix, and Micron in the memory chip market, achieving a from-zero-to-one breakthrough for domestic DRAM. The company's development has been supported by national semiconductor policies, market demand for self-controlled memory chips, entrepreneurial efforts, long-term investment from Hefei state-owned industrial funds, and surging demand from AI computing infrastructure. The IPO provides stable, long-term funding for R&D, production expansion, and product upgrades, helping to narrow the technology gap with global leaders and secure China's semiconductor supply chain. However, Changxin faces severe challenges including technology gaps in advanced lithography, yield rates, and patent portfolios, as well as market cyclicality and pricing power of incumbents.

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203
OtherImportance 82

Apple Protests UK CMA Plan, Calls App Store Intervention Intrusive; 2025 UK Transactions Over $60 Billion

Apple has formally opposed the UK Competition and Markets Authority's proposed regulatory plan for big tech, calling it intrusive and illegal. The plan would require Apple and Google to open their app stores to rivals. Apple said the CMA would intervene in pricing and limit commission scope, giving it excessive jurisdiction. Apple noted its App Store facilitated over $60 billion in UK transactions in 2025 and argued there is no evidence regulation would lower prices. The CMA has not responded. Its executive director previously said fees must be based on cost and value. The CMA also proposes opening iPhone NFC for rival payment services. The UK, following the EU, designated Apple and Google as having strategic market status in October 2025.

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204
OtherImportance 70

Airbus H1 2026 Net Profit Rises 47.1% to 2.24 Billion Euros, Delivers 351 Aircraft, Surpassing Boeing

Airbus reported a 47.1% increase in first-half 2026 net profit to 2.24 billion euros, driven by higher aircraft deliveries and strong defense sales. Revenue rose 12.0% to 33.18 billion euros. The European planemaker delivered 351 commercial aircraft, surpassing Boeing's 314. Defense and space revenue increased about 9%.

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205
U.S. equitiesImportance 82

Meta Q2 Revenue Up 28% YoY, Net Profit Down 14%; Metaverse Losses Exceed $41.7 Billion, Capex Drags Shares

Meta reported Q2 2026 revenue of $60.8 billion, up 28% year-on-year, but net profit fell 14% to $15.8 billion. The Reality Labs metaverse unit posted a $4.6 billion quarterly loss, bringing cumulative losses to over $41.7 billion since Q2 2024. Capital expenditure surged 83% to $31.1 billion, weighing on profitability. Meta narrowed its full-year capex forecast to $130-$145 billion. Shares fell in after-hours trading, erasing about $110 billion in market value. The company is developing personal AI agents and announced a data center partnership with BlackRock.

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206
OtherImportance 70

Qualcomm Posts Fiscal Third-Quarter 2026 Revenue of $9.95 Billion, Adjusted EPS $2.21

Qualcomm reported fiscal third-quarter 2026 adjusted earnings per share of $2.21 on revenue of $9.95 billion. Net profit fell 25% to $2 billion. Mobile chip sales declined 20% to $5.1 billion, while automotive revenue rose to $1.59 billion. CEO Cristiano Amon announced a chip price increase effective September 1 to address rising costs. The company also completed its acquisition of AI software firm Modular.

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207
OtherImportance 70

NextEra Energy and Brookfield Plan $100 Billion Data Center Campus on Former Kentucky Uranium Site

NextEra Energy and Brookfield plan to invest about $100 billion to develop a data center campus on a former uranium enrichment site in Paducah, Kentucky. NextEra will build and own dedicated power facilities including 2 gigawatts of gas generation and up to 2.6 gigawatts of battery storage, while Brookfield will own and operate the 1.8-gigawatt data center campus. The project aligns with the Trump administration's policy requiring data center operators to pay above-market electricity rates. It still requires final binding agreements.

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208
OtherImportance 75

Huarun Double-Crane to Acquire 23.5% Stake in Lier Chemical for RMB 5.656 Billion, Becoming Actual Controller

Huarun Double-Crane plans to acquire a 23.5% stake in Lier Chemical from Jiuyuan Group and Huacai Technology for RMB 5.656 billion, or RMB 30.07 per share. The deal will make China Huarun Co. , Ltd. the actual controller of Lier Chemical. The acquisition follows a public solicitation process in which Huarun Double-Crane was selected as the top bidder. Lier Chemical, a major pesticide producer, will provide a platform for Huarun's synthetic biology industrialization.

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209
OtherImportance 60

Multiple Companies Release H1 2026 Results: Western Mining Net Profit Up 123%, Kaimeite Gas Down 60.75%

Several Chinese companies reported first-half 2026 earnings. Western Mining posted net profit of RMB 4.169 billion, up 123% year-on-year, while Kaimeite Gas saw net profit fall 60.75% to RMB 21.92 million. Other firms including Shengtun Mining, Mebon Bond, Lujiazui, Hongfa Technology, Zhongke Environmental, Hanbell Precise Machinery, and Fuman Microelectronics also disclosed results, with most showing growth.

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210
U.S. equitiesImportance 82

Stripe in Talks to Acquire OpenRouter for About $10 Billion

Payment giant Stripe is negotiating to acquire AI model aggregator OpenRouter for about $10 billion, nearly seven times its $1.3 billion valuation from a B-round funding two months ago. OpenRouter, founded in 2023, offers over 400 models and connects 70-plus providers, processing 25 trillion tokens weekly. Stripe processed $1.9 trillion in payments in 2025.

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