ChinaLin Securities Co Ltd

On the evening of August 7, multiple listed companies on the Shanghai and Shenzhen stock exchanges released positive announcements. Biwin Storage's holding subsidiary, Guangdong Core Harmony, plans to introduce external investors through a capital increase and share expansion. The total financing for this round will not exceed 600 million yuan, with external investors collectively acquiring no more than 23.0769 percent equity. After the capital increase, the company's shareholding will be no less than 52.5186 percent. Green Power plans to have its holding subsidiary invest in the construction of a 460-megawatt wind power project in Tianjin, with a total dynamic investment of approximately 2.475 billion yuan and a capital financial internal rate of return of about 19.24 percent. Focuslight Technologies plans to raise no more than 1.021 billion yuan through a private placement for projects including high-end optical interconnect core optical components. iSoftStone signed an agreement with Shijiazhuang Tiedao University and China Railway Construction Digital Intelligence Technology to jointly build an AI plus railway embodied intelligence common technology pilot base. Chaoying Electronics plans to invest 2.086 billion yuan to build a high-multilayer and HDI printed circuit board P3 project. Chinalin Securities plans to acquire a total of 94 percent equity in HNA Futures through a 202 million yuan agreement transfer, and will gain control after the transaction. Cambricon achieved operating revenue of 5.996 billion yuan in the first half of 2026, up 108.13 percent year-on-year, with net profit of 2.311 billion yuan, up 122.61 percent year-on-year. China Rare Earth reported net profit of 237 million yuan for the first half, up 46.53 percent year-on-year. China State Construction's controlling shareholder, China State Construction Engineering Corporation, received a shareholding increase loan support of no more than 900 million yuan from the Beijing branch of Industrial and Commercial Bank of China. TGOOD received a special stock repurchase loan commitment of no more than 540 million yuan from the Qingdao branch of Industrial and Commercial Bank of China. Zhejiang Shibao plans to raise no more than 1.394 billion yuan through a private placement for projects including the industrialization of automotive steer-by-wire systems.

Chinalin Securities plans to acquire a 94% equity stake in HNA Futures through a negotiated transfer using 202 million yuan of its own funds. Upon completion of the transaction, it will gain control and obtain a futures business license. The acquisition is priced with reference to HNA Futures' audited net assets of 209 million yuan at the end of 2025. HNA Futures reported revenue of 89.7957 million yuan and a net loss of 6.2163 million yuan in 2025, and revenue of 13.8798 million yuan with a net loss of 1.4695 million yuan in the first quarter of 2026. The transaction has been approved by the board of directors and still requires approval from the China Securities Regulatory Commission. Transitional profit and loss arrangements and employee resettlement plans have been established. The company stated that this move will enhance its comprehensive financial services system by integrating securities and futures operations.

On July 29, the A-share brokerage sector strengthened against the market in the afternoon, with the Securities II Shenwan index rising more than 2% intraday and attracting net main capital inflows of 4.215 billion yuan. Chinalin Securities hit the daily limit in the afternoon, becoming the only stock in the sector to do so. Bank of China Securities closed up 4.74%, and Guosheng Securities rose 3.75%. Huaan Securities, which had plunged nearly 30% in July and ranked at the bottom of the sector, saw an oversold recovery, closing up 4.04% with full-day turnover of 1.695 billion yuan. Industry insiders believe this round of brokerage strength is the result of multiple positive factors converging, including phased progress in the year's largest brokerage merger deal valued at 25.12 billion yuan, intensive share buybacks by brokerages to support prices, the realization of positive interim earnings forecasts, the sector's price-to-book valuation sitting at a ten-year low, and a market style rotation into large financials, all fueling a valuation repair rally.