Zhejiang Weiming Environment Protection Co Ltd

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.

Weiming Environmental Protection announced that in the first half of 2026, its subordinate waste treatment projects generated a total of 2.464 billion kilowatt-hours of electricity, up 8.96% year-on-year. In the second quarter, total power generation reached 1.271 billion kilowatt-hours, with on-grid electricity of 1.049 billion kilowatt-hours, an average on-grid tariff of 0.547 yuan per kilowatt-hour, and waste intake of 3.7932 million tonnes. In the first half, cumulative on-grid electricity was 2.039 billion kilowatt-hours, up 9.44% year-on-year, cumulative settled electricity was 1.636 billion kilowatt-hours, and cumulative waste intake was 7.2599 million tonnes, up 5.32% year-on-year.