**Today's Focus**
1. **VeriSilicon Holdings: Planning Acquisition of Nuclei System Technology Shares, Stock Suspended** VeriSilicon Holdings (688521.SH) announced that the company is planning to acquire shares of Nuclei System Technology (Shanghai) Co., Ltd. through a combination of share issuance and cash payment, along with raising supporting funds. As the transaction is still in the planning stage and details such as target company audit and valuation, transaction amount, and share issuance-to-cash payment ratio are yet to be determined, it cannot be confirmed whether this constitutes a major asset restructuring or related party transaction. The company's stock will be suspended starting from market opening on August 29, 2025, with an expected suspension period not exceeding 10 trading days.
2. **SMIC: H1 Net Profit Up 35.6% YoY** Semiconductor Manufacturing International Corporation announced that its revenue for the first half of this year reached $4.456 billion, up 22% year-over-year, with net profit of $320 million, representing a 35.6% year-over-year increase.
3. **SF Holding: H1 Net Profit RMB 5.738 Billion, Up 19.37% YoY** SF Holding announced on the Hong Kong Stock Exchange that its revenue for the first half of 2025 was RMB 146.858 billion, up 9.26% year-over-year, with net profit of RMB 5.738 billion, up 19.37% year-over-year.
4. **CSC Financial: H1 Net Profit RMB 4.509 Billion, Up 57.77% YoY** CSC Financial announced that its operating revenue for the first half of 2025 was RMB 10.74 billion, up 19.93% year-over-year, with net profit attributable to shareholders of RMB 4.509 billion, up 57.77% year-over-year. The company proposes to distribute a cash dividend of RMB 1.65 per 10 shares (before tax) to all shareholders.
5. **CITIC Securities: H1 Net Profit RMB 13.719 Billion, Up 29.80% YoY** CITIC Securities announced that its operating revenue for the first half of 2025 was RMB 33.039 billion, up 20.44% year-over-year, with net profit attributable to shareholders of RMB 13.719 billion, up 29.80% year-over-year. The company proposes to distribute a cash dividend of RMB 2.90 per 10 shares (before tax).
6. **Zhongding Group: Signs Strategic Cooperation Agreement with Baohe District Government for Robot Industry Chain** Zhongding Group (000887.SZ) announced that the company plans to establish a comprehensive robot upstream and downstream industry chain in Hefei. The Baohe District Government of Hefei fully supports the company's investment in Hefei and will assist with project construction and industrial layout. After friendly negotiations, both parties recently signed a strategic cooperation agreement. The company plans to build a comprehensive robot upstream and downstream industry chain in Baohe District, increasing investment in related projects including but not limited to robot reducers, sensors, joint assemblies, robot bodies manufacturing, and OEM projects.
7. **Linklogis: H1 Net Profit Up 1002% YoY** Linklogis (688588.SH) announced that the company achieved operating revenue of RMB 516 million in the first half, down 3.04% year-over-year, with net profit attributable to listed company shareholders of RMB 112 million, up 1002.2% year-over-year. During the reporting period, the company's domestic application software solutions achieved breakthroughs in institutional service refinement, investment banking intelligent due diligence, and buy-side advisory tool chains.
8. **Wintim: H1 Net Profit RMB 140 Million, Turnaround from Loss to Profit** Wintim (600410.SH) disclosed its interim report, showing operating revenue of RMB 2.262 billion for the first half of 2025, up 5.11% year-over-year, with net profit attributable to listed company shareholders of RMB 140 million, turning from loss to profit year-over-year, and basic earnings per share of RMB 0.13. The increase in operating revenue was mainly due to growth in intelligent computing projects and government IT innovation business. The significant increase in net profit was mainly due to fair value gains from the company's trading financial assets in Telink Semiconductor stock, which rose substantially at the end of the period.
9. **Nanshan Aluminum: Shutting Down 120,000 Tons/Year Aluminum Profile Capacity to Optimize Resource Allocation and Focus on High Value-Added Fields** Nanshan Aluminum (600219.SH) announced that the company held its 21st meeting of the 11th Board of Directors on August 27, 2025, approving the proposal to shut down part of its aluminum profile capacity. The company's current profile capacity is 320,000 tons/year, and this plan involves shutting down approximately 120,000 tons/year capacity. The equipment for the shutdown capacity was put into operation between 2002-2012, with a capacity utilization rate of about 59%. Sales volume in 2024 was approximately 70,000 tons, generating operating revenue accounting for about 4% of the company's total revenue.
10. **XGIMI: H1 Net Profit Up 2062% YoY** XGIMI (688696.SH) announced that the company achieved operating revenue of RMB 1.626 billion in the first half, up 1.63% year-over-year, with net profit attributable to listed company shareholders of RMB 88.6622 million, up 2062.34% year-over-year. During the reporting period, some of the company's automotive products have been delivered and installed, with multiple vehicle models including AITO M8, AITO M9, Luxeed S800, and MAEXTRO S9 equipped with the company's in-car rear projection products.
11. **Guolian Minsheng: Plans to Jointly Establish RMB 1.22 Billion Fund with Guolian Life Insurance to Invest in New Quality Productive Forces and Smart Technology** Guolian Minsheng (601456.SH) announced that its wholly-owned private investment fund subsidiary Guolian Tongbao plans to contribute RMB 480 million together with related party Guolian Life Insurance to establish Wuxi Guolian Tongzhi Technology Industry Investment Partnership (Limited Partnership), with a fund size of RMB 1.22 billion. The fund will mainly focus on private equity investments in new quality productive forces and smart technology fields.
12. **Swancor: Goldwind Investment Holdings Completes Reduction Plan with Cumulative Sale of 4.0336 Million Shares** Swancor (688585.SH) announced that from June 13, 2025, to August 28, 2025, Goldwind Investment Holdings cumulatively reduced its holdings by 4.0336 million shares through centralized bidding, representing 1% of the company's total share capital. The reduction plan has been completed. After the reduction, Goldwind Investment Holdings holds 17.7673 million shares of Swancor, representing 4.40% of the company's total share capital.
13. **CECEP Solar Energy: Controlling Shareholder Planning Company Control Change, Stock Suspended** CECEP Solar Energy (301040.SZ) announced that the company's controlling shareholder and actual controller Wu Junsan is planning matters related to company control changes, which may result in changes to the company's controlling shareholder and actual controller. Upon the company's application to the Shenzhen Stock Exchange, the company's stock and convertible bonds will be suspended from market opening on August 29, with an expected suspension period not exceeding 2 trading days.
**Operating Performance**
1. **Leo Group: H1 Net Profit RMB 478 Million, Turnaround from Loss to Profit** Leo Group announced operating revenue of RMB 9.635 billion for the first half of 2025, down 9.62% year-over-year, with net profit attributable to listed company shareholders of RMB 478 million, turning from loss to profit year-over-year.
2. **Guolian Minsheng: H1 Net Profit RMB 1.127 Billion, Up 1185.19% YoY** Guolian Minsheng announced operating revenue of RMB 4.011 billion for the first half of 2025, up 269.40% year-over-year, with net profit attributable to listed company shareholders of RMB 1.127 billion, up 1185.19% year-over-year.
3. **Sugon: H1 Net Profit Up 29.39% YoY** Sugon disclosed its interim report showing operating revenue of RMB 5.85 billion for the first half of 2025, up 2.41% year-over-year, with net profit attributable to listed company shareholders of RMB 729 million, up 29.39% year-over-year, and basic earnings per share of RMB 0.5.
4. **China Galaxy Securities: H1 Net Profit RMB 6.488 Billion, Up 47.86% YoY** China Galaxy Securities released its 2025 interim report showing operating revenue of RMB 13.747 billion for the first half, up 37.71% year-over-year, with net profit attributable to listed company shareholders of RMB 6.488 billion, up 47.86% year-over-year.
5. **Hua Hong Semiconductor: H1 Net Profit RMB 74.3154 Million, Down 71.95% YoY** Hua Hong Semiconductor announced operating revenue of RMB 8.018 billion for the first half of 2025, up 19.09% year-over-year, with net profit attributable to listed company shareholders of RMB 74.3154 million, down 71.95% year-over-year.
6. **China National Gold: H1 Net Profit RMB 2.695 Billion, Up 54.64% YoY** China National Gold announced operating revenue of RMB 35.067 billion for the first half of 2025, up 22.90% year-over-year, with net profit attributable to listed company shareholders of RMB 2.695 billion, up 54.64% year-over-year.
7. **Advanced Micro-Fabrication Equipment: H1 Net Profit Up 37% YoY** Advanced Micro-Fabrication Equipment announced operating revenue of RMB 4.961 billion for the first half of 2025, up 43.88% year-over-year, with net profit of RMB 706 million, up 36.62% year-over-year.
8. **Haier Smart Home: H1 Net Profit RMB 12.033 Billion, Up 15.59% YoY** Haier Smart Home announced operating revenue of RMB 156.494 billion for the first half of 2025, up 10.22% year-over-year, with net profit of RMB 12.033 billion, up 15.59% year-over-year.
**Shareholding Changes & Buybacks**
1. **ASR Microelectronics: Shareholder Alibaba Network Plans to Reduce Holdings by No More Than 3%** ASR Microelectronics (688220.SH) announced that shareholder Alibaba Network plans to reduce its holdings by no more than 12.549 million shares within 3 months after 15 trading days from the announcement date, representing no more than 3% of the company's total share capital.
2. **Oriental Micro: Shareholder Plans to Reduce Holdings by No More Than 0.57%** Oriental Micro (301183.SZ) announced that shareholder Xinyu Ruitian Management Consulting Center (Limited Partnership) plans to reduce holdings by no more than 459,000 shares within three months after 15 trading days from the announcement date, representing 0.57% of the company's total share capital.
3. **Changsheng Bearing: Some Directors and Supervisors Plan to Collectively Reduce Holdings by No More Than 1.2%** Changsheng Bearing (300718.SZ) announced that Vice Chairman and Executive Vice General Manager Lu Xiaolin plans to reduce holdings by no more than 1.47 million shares, Director and Vice General Manager Cao Yinchao plans to reduce no more than 1 million shares, Supervisor Wang Weijie plans to reduce no more than 540,000 shares, Chief Engineer Lu Zhongquan plans to reduce no more than 500,000 shares, and Vice General Manager Dai Hailin plans to reduce no more than 85,000 shares. The above personnel plan to collectively reduce holdings by no more than 3.595 million shares, representing 1.203% of the company's total share capital.
4. **Chunzhong Technology: Multiple Shareholders Plan to Collectively Reduce Holdings by No More Than 2%** Chunzhong Technology (603516.SH) announced that Chairman He Shida, Directors Zhang Junfeng, Fu Guoyi, Wang Zhitao, and Executive Cheng Rui plan to reduce holdings by no more than 4.173 million shares within 3 months after 15 trading days from the announcement date due to personal funding needs, representing 2.0530% of the company's current total share capital.