Several major semiconductor companies, including SMIC and Semiconductor Manufacturing International Corporation, reported quarterly earnings on August 13th that significantly exceeded market expectations. SMIC's second-quarter sales revenue hit $3.006 billion, a 20% sequential increase, marking the first time the company has surpassed the $3 billion threshold in a single quarter. This growth was driven by higher wafer shipments, increased average selling prices, and a shift in product mix. Meanwhile, Hua Hong Semiconductor reported a second-quarter gross margin of 16.5%, up 5.6 percentage points year-over-year. Its sales revenue reached $775 million, a 26.8% increase from the same period last year, while net profit attributable to parent company shareholders surged 385.9% to $38.6 million. Additionally, Haiguang Information reported first-half 2026 revenue of 9.099 billion yuan, a 66.52% increase, and net profit of 1.798 billion yuan, up 49.69%.

China Galaxy Securities stated that the earnings disclosure window is currently open, and strong results and optimistic guidance from key companies are supporting a rebound in the semiconductor sector. The firm is bullish on areas like semiconductor equipment, materials, advanced packaging, and domestic computing power, recommending a focus on high-quality targets.

The People's Bank of China announced on August 13th that it would conduct a 1 trillion yuan outright reverse repo operation on August 14th, with a 6-month term. This operation matches the 1 trillion yuan in 6-month outright reverse repos set to mature on the same day, resulting in zero net liquidity injection or withdrawal. This move exceeded many brokerages' expectations, which had anticipated a potential reduction in the scale of the operation to create room for a reserve requirement ratio cut in September.

AI chip maker Cerebras Systems saw its stock price drop over 18% in U.S. trading on August 13th after reporting disappointing quarterly results. While the company's core revenue grew 103% to $209.9 million, its GAAP total revenue of $180.1 million fell short of analyst expectations. Meanwhile, Wall Street traders and strategists are warning that despite a recent rebound in U.S. stocks, market structures have become fragile, leaving them vulnerable to sudden, sharp directional moves from any external catalyst.

China Mobile reported a 1.17% decline in operating revenue to 538 billion yuan for the first half of 2026, with net profit attributable to shareholders falling 6.3% to 78.9 billion yuan. The company attributed the decline to the impact of a VAT policy adjustment, stating that revenue and profit would have grown on a like-for-like basis. However, its computing power service revenue grew 14% to 52.9 billion yuan, with revenue from its AI data center business surging 486% and smart computing service revenue rising 130%. The company declared an interim dividend of 2.51 yuan per share, a 0.3% increase, while free cash flow grew 11.6% to 53.9 billion yuan.

China's non-ferrous metals industry saw a 94% increase in profits in the first half of the year, driven by robust demand from artificial intelligence. The prices of metals closely tied to AI computing power, such as tin (up 40%), gallium (up 60%), and tantalum (up 158%), have surged over the past six months. The report highlighted that the future of AI competition hinges not only on software and algorithms but also on hard power like resource reserves, energy security, and manufacturing capabilities.

Shares of Maersk, the world's largest container shipping company, spiked over 8% in European trading on August 13th after the company reported earnings that vastly exceeded expectations and raised its full-year 2026 outlook. Maersk now expects global container market growth of about 4% this year, with CEO Vincent Clerc stating that demand remains strong.

Unitree Robotics announced that 8,734 shares were forfeited by online investors during its IPO subscription. The company's IPO price was set at 150.80 yuan per share, valuing the company at approximately 60.993 billion yuan. Based on the average 276% first-day gain for A-share IPOs in 2026, a single lot of 500 shares could yield a paper profit of over 200,000 yuan.

DeepSeek announced an API price adjustment on August 13th, introducing peak and off-peak pricing. During off-peak hours, prices will be half of the peak rate, which is set for 9:00 AM to 12:00 PM and 2:00 PM to 6:00 PM Beijing time. The new prices take effect on August 17, 2026. This move is expected to benefit sectors like computing power leasing, hardware, AI chips, and large AI models. BOC International noted that the iteration of domestic large models is strengthening the logic for domestic computing power, with the benefit chain expanding from GPUs to CPUs, AI servers, storage, switches, optical modules, PCBs, liquid cooling, and data centers.

Other notable stock market events include: a surge in shares of Honghe Technology after reporting a 341.6% increase in first-half profit; Sugon reporting a 34% rise in first-half net profit; and ST Nanxin being fined 5 million yuan for inflating revenue in its annual report.