Orient Sec Co Ltd

Orient Securities released its first-half 2026 report, with total operating revenue of 9.56 billion yuan, up 19.48% year on year, and net profit attributable to the parent of 4.518 billion yuan, up 30.48% year on year. Net cash inflow from operating activities was 9.316 billion yuan, up 94.08% year on year. The company's asset-liability ratio was 84.67%, return on equity was 5.34%, and diluted earnings per share was 0.53 yuan. The number of shareholders was 185,300, and the top ten shareholders held 58.59% of total share capital.

Orient Securities released its 2026 semi-annual report on August 28. During the period, it achieved operating revenue of 9.56 billion yuan, up 19.48% year on year, and net profit attributable to shareholders of the listed company of 4.518 billion yuan, up 30.48% year on year.

The merger and restructuring transaction plan between Orient Securities and Shanghai Securities was approved by an overwhelming majority at the shareholders' meeting. Orient Securities convened its second extraordinary general meeting of 2026 and its first A-share and H-share class meetings of 2026 on August 24, at which a series of proposals including the merger and restructuring transaction plan between Orient Securities and Shanghai Securities were reviewed and all approved by an overwhelming majority.

On the evening of August 24, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Dongshan Precision stated during its results briefing that its 1.6T optical module products have been supplied to customers, but due to commercial confidentiality, specific order information cannot be disclosed. Far East Smarter Energy's subsidiary plans to acquire 80% equity of Fudewangwang for 216 million yuan; Topstar Technology plans to acquire 49% equity of Lailer Optoelectronics for 147 million yuan; the merger and restructuring plan between Orient Securities and Shanghai Securities was approved by an overwhelming majority at the shareholders' meeting. In terms of performance, Eoptolink Technology's net profit in the first half of the year was 7.529 billion yuan, up 90.98% year-on-year; CIG Shanghai's net profit grew 171.08% year-on-year; Chengxin Lithium Group turned losses into profits year-on-year; Sinomine Resource Group's net profit surged 1146.81% year-on-year; Luxshare Precision's net profit rose 18.04% year-on-year. In addition, Genew Technologies' actual controller plans to increase holdings of company shares by 15 million to 30 million yuan, Selon Industrial plans to repurchase shares worth 30 million to 60 million yuan, Donghong Pipe Industry pre-won a steel pipe procurement project worth 144 million yuan, Longjian Road & Bridge jointly won a 333 million yuan engineering project, and Gangdi Technology's wholly-owned subsidiary signed a smart control system procurement contract worth approximately 230 million yuan with Huadong Heavy Machinery.

Shibei Hi-Tech and Shanghai Orient Securities Capital Investment Co., Ltd., a wholly-owned subsidiary of Orient Securities, have jointly contributed to the establishment of Shanghai Dongzheng Xinjingjie Private Equity Investment Fund Partnership (Limited Partnership), with a capital contribution of 52 million yuan. The fund's business scope includes engaging in equity investment, investment management, asset management and other activities through private equity funds.

Orient Securities' acquisition of a 100% stake in Shanghai Securities Co., Ltd. has received approval from the Shanghai State-owned Assets Supervision and Administration Commission, which agreed in principle to the transaction plan. Orient Securities previously announced plans to purchase all equity in Shanghai Securities through the issuance of A-shares and cash payment. This approval provides the necessary regulatory clearance for the transaction to proceed.

Orient Securities announced that it plans to acquire 100% equity of Shanghai Securities held by Bailian Group, Guotai Haitong, and other counterparties through the issuance of A-shares and cash payment, with a transaction consideration of 25.12 billion yuan. Of this, the share consideration is 23.55 billion yuan and the cash consideration is 1.57 billion yuan. The share issuance price is 10.29 yuan per share, totaling approximately 2.289 billion shares.

Foxconn Industrial Internet has released a buyback report, planning to repurchase shares through centralized competitive bidding. The buyback amount will be no less than 1 billion yuan and no more than 2 billion yuan, funded by its own capital. The buyback price will not exceed 103 yuan per share, with an estimated buyback volume of approximately 9.71 million to 19.42 million shares, accounting for 0.05% to 0.10% of total share capital. The repurchased shares will be used to safeguard company value and shareholder equity and will be sold in accordance with regulations. Any unsold shares after the deadline will be cancelled according to law. The buyback period is within three months from the date of board approval. Robotechnik's wholly-owned subsidiary ficonTEC has signed a contract worth approximately 16.74 million euros with a subsidiary of a New York Stock Exchange-listed company H. The contract covers automated manufacturing equipment and services for the mass production of optical components such as fiber arrays, equivalent to 129 million yuan, representing 13.59% of the company's audited 2025 revenue. Orient Securities plans to acquire 100% equity of Shanghai Securities through the issuance of A-shares and cash payment. The transaction consideration is 25.12 billion yuan, comprising 23.55 billion yuan in shares and 1.57 billion yuan in cash. The share issuance price is 10.29 yuan per share, with a total issuance of approximately 2.289 billion shares. Due to special circumstances, Lihang Technology will be restricted from obtaining orders from a specific customer for six months starting July 2026. This is expected to reduce 2026 revenue by approximately 50 million yuan. In 2025, revenue from this customer accounted for 70.54% of the company's audited operating revenue. Changxin Boci's controlled subsidiary Changxin Sheng Wuhan has signed a long-term cooperation agreement with an existing customer. The estimated sales amount during the agreement's effective period is approximately 4.5 billion yuan, representing about 178% of the company's audited 2025 operating revenue. The agreement runs until December 31, 2030. CSPC Innovation Pharmaceutical expects its half-year 2026 net profit attributable to shareholders of the listed company to be between 1.18 billion and 1.36 billion yuan, turning from a loss to a profit year-on-year. This is mainly due to its controlled subsidiary Jushi Biotech receiving a 420 million US dollar upfront payment from its collaboration with AstraZeneca and partially recognizing the revenue. Dongfang Precision has released its 2026 half-year report, achieving operating revenue of 1.691 billion yuan, down 21.68% year-on-year. Net profit attributable to shareholders of the listed company was 3.846 billion yuan, up 867.75% year-on-year. It plans to distribute a cash dividend of 2 yuan for every 10 shares. Shenhuo Coal and Power's 2026 half-year operating revenue reached 24.791 billion yuan, up 21.35% year-on-year. Net profit attributable to shareholders of the listed company was 4.781 billion yuan, up 151.06% year-on-year.

On the evening of July 27, multiple listed companies on the Shanghai and Shenzhen exchanges released announcements. Orient Securities plans to acquire 100% equity of Shanghai Securities for 25.12 billion yuan, with share consideration of 23.55 billion yuan and cash consideration of 1.57 billion yuan. Guotai Junan Securities has been approved to publicly issue corporate bonds to professional investors totaling no more than 80 billion yuan. China Energy Engineering Corporation signed new contracts worth 513.188 billion yuan in the first half of the year, down 33.81% year-on-year; PowerChina signed new contracts worth 619.893 billion yuan in the first half, down 9.73% year-on-year. Shenhuo Coal Industry and Power reported first-half net profit of 4.781 billion yuan, up 151.06% year-on-year; Dongfang Precision reported first-half net profit of 3.846 billion yuan, up 867.75% year-on-year, and plans to distribute a cash dividend of 2 yuan per 10 shares. Foxconn Industrial Internet plans to repurchase shares worth 1 billion to 2 billion yuan, and iFlytek plans to repurchase shares worth 100 million to 200 million yuan. A controlled subsidiary of Changxin Bochuang signed a long-term cooperation agreement for the sale of optical fiber and cable worth approximately 4.5 billion yuan. In addition, ST Hengxin has been placed under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, and a controlled subsidiary of Beingmate has suspended production due to typhoon and rainstorm, with some assets suffering losses.

From July 23 to 24, a number of Shanghai-listed companies released positive news covering share buybacks and stake increases, upbeat earnings reports, improving operations, and interim dividends. In terms of buybacks and stake increases, 10 companies announced new buyback plans over the two days, with a combined proposed buyback cap of 1.89 billion yuan; 5 companies announced new stake increase plans, with a combined proposed increase cap of 351 million yuan. On the earnings front, about 15 Shanghai-listed companies issued positive half-year earnings reports. Among them, Orient Securities reported a 30.46% year-on-year rise in first-half net profit attributable to the parent company, EZVIZ Network grew 35.44%, and SINOMED is expected to surge 263.66%. Another three companies, including Minmetals New Energy, turned losses into profits. At the operational level, Weiming Environment Protection's subsidiary waste treatment projects saw cumulative power generation rise 8.96% year-on-year in the first half. Changhua Group received a designated development notice from a domestic new energy vehicle maker, with an estimated total sales value of about 740 million yuan over the product lifecycle. Pudong Construction saw multiple subsidiaries win major projects, with a total bid value of approximately 1.5 billion yuan. Regarding interim dividends, four Shanghai-listed companies—China Southern Power Grid Energy Storage, Zheshang Securities, China Southern Power Grid Technology, and Jinpan Technology—received interim dividend proposals or released interim dividend distribution plans. Zheshang Securities stated that its interim dividend payout ratio for this year will be no lower than its 2025 interim ratio, while Jinpan Technology's dividend amount will be no less than 30% of net profit attributable to shareholders of the listed company in the first half of 2026.

Orient Securities released its preliminary earnings report, showing first-half net profit attributable to the parent of 4.518 billion yuan, up 30.46 percent year-on-year. Total operating revenue for the same period was 9.56 billion yuan, an increase of 19.49 percent, with basic earnings per share of 0.53 yuan. The profit growth was mainly driven by higher revenue from wealth and asset management, investment banking and alternative investments, as well as institutional and sales trading businesses.

On the evening of July 24, several A-share companies disclosed important announcements. CATL released its half-year report, with first-half revenue of 276.917 billion yuan, up 54.8% year-on-year, and net profit attributable to shareholders of 43.284 billion yuan, up 41.98% year-on-year, and plans to pay a dividend of 14.11 yuan per 10 shares. The company also plans to buy back shares worth 20 to 40 billion yuan for cancellation. EVE Energy announced that regarding the patent infringement lawsuit filed by LG Energy Solution in the United States, the company believes it has not infringed the patents in question and will actively respond to the lawsuit. Both Xintian Technology and Pulian Software saw their shares suspended from trading starting July 27 due to their controlling shareholders planning changes in control. Jiabiyou will have its shares subject to other risk warnings because its production and operating activities have been severely affected and are not expected to return to normal within three months, with its stock abbreviation changed to ST Jiabiyou. In addition, Hikvision reported first-half net profit attributable to shareholders of 7.896 billion yuan, up 39.57% year-on-year, and plans to pay a dividend of 5.5 yuan per 10 shares. Orient Securities' preliminary earnings report showed first-half net profit attributable to shareholders of 4.518 billion yuan, up 30.46% year-on-year.