Porsche reported a 16.5% drop in global deliveries to 122,300 vehicles in the first half of 2026. Operating profit rose 33.9% to 1.348 billion euros as revenue fell 5.11% to 17.229 billion euros. The sales return margin improved to 7.8% from 5.5% in 2025, and the EBITDA margin was 18.3%. New energy vehicle deliveries fell 30.8%, with pure electric vehicles accounting for 19.4% of automotive sales. China deliveries plunged 31.93% to 14,500 units, reducing its share to 12% from 15% in 2025. The company unveiled a 2035 strategy to streamline products and cut costs, and plans to eliminate about 8,900 jobs in Germany through layoffs and contract non-renewals.
Zhu Yiming, a shareholder of GigaDevice, sold 11.11 million shares (1.58% of total) via centralized auction and block trades from May 6 to June 12, 2026, for about 4.4 billion yuan. After the sale, Zhu and his concert party Hong Kong Yingfude Co. , Ltd. held 47.77 million shares, or 6.80% of the company. Zhu has committed not to sell any shares for 12 months starting July 29, 2026.
The Haikou municipal government and Shenzhen Mindray Bio-Medical Electronics Co. , Ltd. (Mindray Medical) have signed a strategic cooperation agreement to jointly build a global bonded maintenance center, a global training center, a high-end medical device production base, a digital-intelligent medical innovation system, and a regional testing center in Haikou. The collaboration is intended to enhance the medical device industry and healthcare innovation in the region.
GigaDevice Chairman Zhu Yiming proposed a share buyback of between RMB 1 billion and RMB 2 billion, with the repurchased shares to be cancelled to reduce registered capital. He also committed not to sell any shares for 12 months from July 29, 2026, and plans to increase his holdings by at least RMB 1 billion between December 13, 2026 and July 29, 2027. GigaDevice shares rose nearly 5% in early trading on July 30, and were up over 3% at the time of writing at HKD 450.8, with turnover of HKD 8.34 billion.
Huawei plans to mass-produce AI chips using glass substrate technology by 2027, partnering with domestic companies including BOE and Visionox and importing key materials from South Korea. The glass substrate offers advantages such as high flatness for dense 3D stacking, reduced warpage, lower power leakage, and higher data rates, helping Huawei compensate for limited access to EUV lithography. The company has captured about 60 percent of China's AI chip market, partly due to Nvidia's withdrawal amid geopolitical factors.
On July 27, ChangXin Technologies (688825) listed on the SSE STAR Market at 8.66 yuan per share. The stock opened at 49.50 yuan, a 471.59% jump, and closed at 49.00 yuan, up 465.82%, giving a total market value of about 3.28 trillion yuan, surpassing Industrial and Commercial Bank of China as the largest A‑share company. First‑day turnover reached 141.2 billion yuan, a new single‑stock single‑day record and the first A‑share stock to exceed 100 billion yuan in daily trading. The IPO raised approximately 57.9 billion yuan before the overallotment option, which could rise to about 66.6 billion yuan if fully exercised, the largest on the STAR Market.
Kuaishou has launched a special campaign against harmful animation content, removing over 30,000 pieces of violating material. The platform found accounts using animation clips, secondary creations, or edits to produce content with violence, gore, and horror, endangering minors. Kuaishou established multi-layer screening mechanisms, differentiated handling by risk level, and conducted a full sweep of historical content. Repeat violators faced strict penalties.
Gree Electric has introduced R290 refrigerant-based products in the European market, including mobile air conditioners, household split air conditioners, and heat pump water heaters. On July 29, the company disclosed on an investor interaction platform that it has conducted a series of application technology studies on R290 refrigerant and has launched relevant products in Europe.
Zhiyuan Robot has launched its Hong Kong IPO process with a target valuation of 40-50 billion HKD (about 43.3 billion RMB), competing with Yushu Technology, which has an estimated initial market cap of 42 billion RMB. The two firms also vie for the top spot in humanoid robot shipments: Omdia ranked Zhiyuan first globally in early 2026, while Yushu claims over 5,500 pure bipedal units shipped. Yushu reported 2025 revenue of 1.699 billion RMB and net profit of 591 million RMB; Zhiyuan grew revenue from 300,000 RMB to 1.05 billion RMB in three years. In Q1 2026, Zhiyuan's revenue exceeded 1 billion RMB, nearing its prior full-year level.
Lujiazui released its 2026 semi-annual report, posting revenue of RMB 8.098 billion for the first half, up 22.75% year-on-year. Net profit attributable to shareholders reached RMB 1.108 billion, a 35.91% increase.
BYD reported that orders have been strong following the launch of its flash charging technology and a series of new vehicle models. The company is accelerating production capacity expansion to meet rising consumer demand. In cutting-edge technology, BYD continues to focus on core consumer needs, launching products and technology solutions that are both market competitive and user valuable.
AI inference chip startup Etched has closed a $300 million Series C round led by Sequoia Capital, lifting its valuation to $10.3 billion. The company recently taped out its first A0 chip and has secured more than $1 billion in customer orders. Its Sohu ASIC, purpose-built for transformer inference, has demonstrated up to 20 times the throughput of an equivalent Nvidia H100 server. The round included a16z, Jane Street, Diffusion and SK Hynix, and follows a $500 million Series B in late 2025 and a $120 million Series A in 2024.
Deye refiled its H-share listing application to the Hong Kong Stock Exchange on July 28, 2026, with joint sponsors CICC, CITIC Securities, and CMB International. The world's largest residential energy storage inverter provider by 2025 sales, with a 20.6% market share, reported 2025 revenue of RMB 12.22 billion and net profit of RMB 3.17 billion. In the first four months of 2026, revenue reached RMB 6.18 billion and net profit RMB 1.61 billion, up 74.3% year-on-year. Founder Zhang Hejun controls about 60% of voting rights.
Montage Technology repurchased 500,000 A-shares (0.04% of total) on July 29, 2026, for about RMB 103 million, and paid a 2025 annual cash dividend of RMB 0.39 per A-share, totaling over RMB 400 million. Driven by AI demand and DDR5 adoption, its interconnect chip revenue rose 26.4% year-on-year to about RMB 3.111 billion in the first half of 2026, with second-quarter revenue up 28.2% year-on-year and 19.5% quarter-on-quarter.
The U. S. Food and Drug Administration linked a cyclosporiasis outbreak to Taco Bell's lettuce, causing double-digit daily traffic declines. Yum Brands' shares fell 5%, cutting market capitalization to about $42 billion. The Centers for Disease Control and Prevention reported 1947 cases, 98 hospitalizations, and no deaths, with Taylor Farms iceberg lettuce as the suspected source. Taco Bell removed the lettuce on July 17 and launched $1 promotions. The outbreak comes as Taco Bell, a key Yum brand, faces increased scrutiny after Pizza Hut's spin-off.
Anke Bio's wholly-owned sub-subsidiary, Shanghai Suhao Yiming Pharmaceutical Co. , Ltd. , received on July 29 the Chemical API Marketing Application Approval Notice from China's National Medical Products Administration for terlipressin acetate. The active pharmaceutical ingredient will be used to produce terlipressin preparations, which are indicated for gastrointestinal bleeding, genitourinary bleeding, postoperative bleeding, and hepatorenal syndrome.
BMW Group plans to cut approximately 8,000 jobs by the end of 2027, focusing on administration and R&D while sparing production. The voluntary layoffs, equivalent to 5.2% of its global workforce of about 154,500 at end-2025, will offer compensation only in Germany. The move follows the winding down of the Neue Klasse R&D cycle and aims to reduce fixed costs. BMW faces headwinds from declining China sales, which fell 12.5% in 2025 and 30.2% in the second quarter of 2026.
Hengrui Medicine announced on July 29 that its independently developed Class 1 biologic Shudi Insulin Injection has been approved by the National Medical Products Administration (NMPA) for market launch. The product is China's first domestically developed long-acting insulin analogue.
UBS reported second-quarter 2026 net profit of $2.8 billion and pre-tax profit of $3.6 billion. CEO Sergio Ermotti said the recent pullback in AI-related stocks is a normal market adjustment. The bank announced a $3 billion share buyback program, with $1 billion to be repurchased in the next three months, sending its U. S. -listed shares up 2.5% pre-market. Ermotti noted profitability is nearing pre-Credit Suisse acquisition levels, and the bank maintains a strong pipeline in investment banking, M&A, and capital markets, including participation in SpaceX's IPO.
Lead Intelligent has achieved batch delivery and mass production verification for its chip-level polymer 3D printing equipment designed for foldable screens. The company is actively collaborating with multiple leading domestic and international terminal brands on technical integration, solution validation, and production line integration for foldable screen projects. The equipment platform offers adaptability for expansion, and Lead Intelligent will continue product development and market expansion in response to customer demand.
China State Construction has secured several major projects with a combined value of RMB 13.39 billion, representing 0.6% of its audited revenue for 2025. The projects include the Beijing Yunmengshanju elderly care community (RMB 3.59 billion), the Liaoning Hengli Heavy Industry Dalian shipyard (RMB 2.51 billion), the Shenzhen Xili station construction (RMB 4.70 billion), and the Xinjiang Tacheng Shencheng intelligent computing center (RMB 2.59 billion).
CPIC Vice President Yu Bin stated at the 2026 China Auto Forum that new energy vehicle exports require full-chain insurance risk management. In 2025, China's automobile exports exceeded 7 million vehicles, with NEV exports at 2.615 million. First-half 2026 exports surged 65.3% to over 5 million. NEV insurance premiums reached 190 billion RMB, over 20% of total auto insurance premiums of 940.9 billion RMB. CPIC provided coverage for over 6.3 million NEVs in 2025 and has developed a cross-border insurance model in Southeast Asia, expanding to Vietnam, Indonesia, and Sweden.
COSCO Shipping Development Co. , Ltd. has placed orders for 15 Newcastlemax bulk carriers of 210,000 deadweight tons each, with a total contract value of RMB 7.92 billion (excluding tax). The company's wholly owned subsidiary Hainan COSCO Shipping Development Shipping Co. commissioned Shanghai Waigaoqiao Shipbuilding Co. to build 10 vessels for RMB 5.28 billion, and Nantong Xiangyu Marine Equipment Co. to build 5 vessels for RMB 2.64 billion. The ships will feature methanol- and ammonia-ready fuel designs.
Midea Group said extreme heat in Europe triggered a surge in air conditioner demand, with its Wuhu and Guangzhou bases adding 200,000 European orders in one month. The company's PortaSplit mobile split air conditioner has received over 160,000 new orders since June. In July, an urgent order from France for 30,000 mobile units saw 20,000 units already shipped.
Hongfa Shares released its 2026 semi-annual report, posting first-half operating revenue of 11.022 billion yuan, a year-on-year increase of 32.05%. Net profit attributable to shareholders reached 1.156 billion yuan, up 19.89% from the same period in 2025.
Hermès reported 2026 first-half net profit of €2.238 billion, down 0.36% year-on-year. Revenue reached €8.163 billion, up 1.61% (6% at constant exchange rates). Operating profit rose 0.72% to €3.351 billion, with a gross margin of 41%. By region, Europe grew 4.9%, Asia fell 1.3%, and the US rose 8.9%. The group added over 600 employees, bringing the total to 27,100. Second-quarter revenue rose 4.8% (6.7% at constant rates). Hermès confirmed its constant-currency revenue growth target despite uncertainties.
Western Mining reported 2026 first-half net profit of RMB 4.169 billion, up 123% year-on-year, on revenue of RMB 39.443 billion, up 25%. The growth was driven by rising nonferrous metal prices, with copper prices exceeding RMB 114,000 per tonne and molybdenum concentrate up over 32%. However, investment cash outflow surged 576% to RMB 9.999 billion due to acquisition payments, and asset impairment losses increased sharply. Some mineral output fell short of plan.
Hengdian DMEGC has established a wholly-owned subsidiary, Sihong Dongheng Wind Power Co. , Ltd. , in Sihong County, Jiangsu Province. The new company's business scope includes wind power technology services and energy storage technology services, according to corporate registration information. The move expands Hengdian DMEGC's presence in the renewable energy sector.
Porsche management said during an earnings call that the Chinese market faces slowing growth and ongoing challenges, with conditions changing monthly. The company reaffirmed its value-first strategy, not pursuing sales volume. Without a local factory, Porsche can flexibly adjust European production, which it now sees as an advantage. In the first half of 2026, Porsche delivered 14,501 vehicles in China, down 31.93% year-on-year.
BYD's Automotive New Technology Institute released HyWorldVLA, a foundation model for autonomous driving, achieving a PDMS score of 90.59 on the NAVSIM v1 benchmark, a leading result. The model uses a hybrid world model and VLA architecture. Ablation studies show the hybrid strategy is key; removing frame prediction drops PDMS to 87.50, and removing latent space to 89.91. In rain-fog scenarios, PDMS reached 86.87. The paper is BYD's first multimodal foundation model, developed independently. The team includes researchers from Harbin Institute of Technology and Carnegie Mellon University, with prior work including EMoE-Planner in 2025. This reflects BYD's shift to a robotics-AI approach.