B[Yongmaotai: Magnesium alloy parts are expected to be supplied in large quantities in the second half of the year and gradually contribute to performance] On September 2, Xu Hong, chairman of Yongmaotai, said at the 2026 semi-annual performance briefing held this afternoon that the production and sales of the aluminum alloy liquid business will be normal in the second half of the year; magnesium alloy parts In terms of performance, the company has launched formal cooperation with OEMs and first-tier suppliers such as Luxshare Precision, Xpeng, General Motors, Volkswagen, SAIC Passenger Cars, SAIC Transmission, and BYD, and has successfully developed various parts and components and gradually mass-produced and delivered them. It is expected to be able to supply large quantities in the second half of this year and gradually contribute to revenue and profits. (Reporter Wang Bin) A[September 2 morning news selection]
1. On the afternoon of September 1, Premier Li Qiang met with a visiting delegation led by John McCain, Chairman of the Board of Directors of the U.S.-China Business Council, at the Great Hall of the People in Beijing. Li Qiang said that China is willing to work with the United States to follow the strategic guidance of the two heads of state, strengthen dialogue and communication, expand mutually beneficial cooperation, properly manage differences, promote the construction of a constructive strategic and stable relationship between China and the United States, and strive for more pragmatic results.
2. The Ministry of Finance and the State Administration of Taxation issued an announcement clarifying that starting from September 1, foreign individuals shall pay individual tax at a rate of 20% on dividend income received from foreign-invested enterprises.
3. The 2025 annual report released by the National Council for Social Security Fund shows that in 2025, the investment income of the National Social Security Fund was 390.672 billion yuan, with an investment return rate of 13.22%. The average annual investment return rate since the fund's establishment is 7.62%, and the cumulative investment income is 2.291679 billion yuan.
4. The Ministry of Commerce, the Ministry of Industry and Information Technology, and the State Administration for Market Regulation recently issued the "Guidelines for Overseas Competition and Compliance Construction in the Automotive Industry," emphasizing legal compliance, fair competition, and mutual benefit, which will help guide automobile industry companies to actively fulfill their social responsibilities overseas and better integrate into the economic and social development of the host country.
5. The exchange formulates L2 market usage specifications to strictly prevent the abuse and improper dissemination of market data, and eliminate the use of data advantages to "detour and jump ahead" to further maintain market fairness.
6. Samsung Electronics plans to increase the performance of the next-generation high-bandwidth memory (HBM) HBM5 to 2 times that of HBM4E, while the performance target of the subsequent generation product zHBM is 8 times that of HBM4E. Samsung will focus on 3D structure innovation to compete for dominance in the next-generation memory market.
7. Affected by rising energy prices, rising inflation expectations, and changes in major central bank monetary policy expectations, the world's major government bond yields have generally risen. The U.S. 30-year Treasury bond yield once rose to 5.28%.
8. BYD’s passenger car sales in August were 433,000 units, compared with 372,000 units in the same period last year, a year-on-year increase of approximately 16.66%.
9. Huachang Chemical announced that the controlling shareholder will be changed to Suzhou Xuanli and the stock will resume trading.
10. Sengke Communications announced that it plans to raise an additional capital of no more than 4.805 billion yuan to invest in the construction of next-generation high-performance switching chips and other projects. Sunshine Shares announced that its holding subsidiary signed a comprehensive service contract for server leasing worth 633 million yuan.
11. Huahong Grace announced that it plans to increase capital in the third phase of Wuxi Huahong Grace to build a 12-inch specialty process wafer foundry production line with a monthly production capacity of approximately 55,000 pieces/month.
12. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.79%, the Nasdaq Composite Index falling 1.03%, and the S&P 500 Index falling 0.71%. Cryptocurrency concept stocks and the optical communications sector generally fell; the pharmaceutical sector led the gains, with Moderna rising nearly 10%.
13. The US Central Command stated on September 1, local time, that Central Command troops successfully completed a wave of strikes against Iranian military targets on September 1.
14. The U.S. House of Representatives passed a temporary federal funding bill to avoid a government "shutdown" on October 1, and sent the bill to U.S. President Trump for signature.
15. Iran’s Islamic Revolutionary Guard Corps issued a statement stating that it launched a heavy ballistic missile at the U.S. Marine Corps camp on the coast of Jordan’s Gulf of Aqaba, “destroying several important facilities and enemy attack helicopters, causing a large number of U.S. military casualties.”
16. International oil prices rose sharply. WTI crude oil futures closed at US$90.22 per barrel, an increase of 5.20%; Brent crude oil futures closed at US$94.65 per barrel, an increase of 4.6%.
17. Musk is said to have made personnel changes to the team building the company's data center at SpaceX in recent weeks, replacing several leaders with executives from SpaceX's rocket and satellite Internet businesses. B[The Ministry of Transport notifies relevant units of illegally exceeding the standard loading and transportation of vehicle transport vehicles] September 1st, in order to regulate the use and management of vehicle transport vehicles, ensure the safety of road transportation, and maintain the order of a fair competitive market, the Ministry of Transport, together with the Ministry of Industry and Information Technology and the Ministry of Public Security, continue to carry out the management of vehicle transport vehicles. Recently, it has been discovered that in some provinces, there are still illegal and excessive loading and transportation of vehicle transport vehicles. Problems such as illegal loading at the source, illegal modification of vehicles, and illegal loading and overturning in highway service areas are prominent. In terms of transporting passenger vehicles, the problem of illegal and excessive loading of passenger vehicles produced by five manufacturing companies including FAW-Volkswagen Co., Ltd., BYD Automobile Co., Ltd., Beiqi Foton Motor Co., Ltd., Dongfeng Honda Motor Co., Ltd., and SAIC-GM-Wuling Motor Co., Ltd. is prominent. A[Monitoring of main funds: Net inflow of cultural media sector exceeds 5.2 billion] On August 31, the tracking data showed that today the main funds had a net inflow into the cultural media, computers, IT services and other sectors, and a net outflow into the new electricity industry, semiconductors, non-ferrous metals and other sectors, of which the new electricity industry sector had a net outflow of 6.239 billion yuan. In terms of individual stocks, Inspur Information ranked first with a net purchase of 1.545 billion yuan, followed by Chinese Online, Rockchip Micro, and Nord Co., Ltd.'s main net inflows of funds; Sungrow Power ranked first with a net sale of 1.319 billion yuan, and BYD, Changxin Technology, and Hengtong Optoelectronics ranked first with a net outflow of main funds. A[Morning News Selection on August 31st]
1. The People's Bank of China and the State Administration of Financial Supervision jointly issued the "Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Acceleration of the Construction of a New Real Estate Development Model". Regarding personal housing loan policies, there are these changes: 1. The maximum term of personal housing loans is extended to 40 years; 2. Existing floating-rate mortgages can negotiate interest rate adjustments or loan replacements; 3. Personal housing loan issuance timing requirements; 4. Repayment difficulties can be negotiated to adjust the repayment plan.
2. The China Securities Regulatory Commission has formulated the "Opinions on Capital Market Support for the Construction of a New Real Estate Development Model" to support the refinancing of listed real estate companies and the comprehensive use of issuance of shares, directional convertible bonds, cash and other tools to acquire real estate-related assets.
3. The Ministry of Finance, the State Administration of Taxation, and the China Securities Regulatory Commission issued an announcement on regulating individual income tax policies for the transfer of restricted shares of listed companies. It is proposed that the income obtained by individuals from the transfer of restricted shares of listed companies shall be subject to personal income tax at a tax rate of 20% as "income from property transfer".
4. The Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the State Administration of Financial Supervision jointly issued the "Notice on Improving the Commercial Housing Sales System". The "Notice" clarifies that all localities must vigorously and orderly promote the sales of existing commercial housing to achieve "what you see is what you get", fundamentally prevent delivery risks, and safeguard the legitimate rights and interests of home buyers.
5. Liu Liehong, director of the National Data Administration, said at the 2026 China International Big Data Industry Expo that it is necessary to study and explore business models such as word value-added subscription and pay-for-performance based on major national economic scenarios.
6. According to the National Data Administration, more than 20 computing power dispatching entities have officially settled in the national integrated computing power network monitoring and dispatching test verification platform to comprehensively improve computing power dispatching operation service capabilities. According to reports, the National Integrated Computing Power Network, as one of the "Six Networks", is a major project proposed in the "15th Five-Year Plan".
7. Kingboard Laminated Board, a copper-clad laminate manufacturer, has raised prices for the seventh time this year, with a uniform price increase of 10% for all thickness FR-4 copper-clad laminates; PP prepreg prices have been adjusted according to specifications, with thick cloth PP above 7628 (inclusive) increasing by 10%, and thin cloth PP below 7628 increasing by 20%.
8. It was learned from the Space Application Engineering and Technology Center of the Chinese Academy of Sciences that China recently made an important breakthrough in the Earth-Moon laser communication test mission, successfully establishing a two-way laser link over a distance of more than 400,000 kilometers from the Earth and the Moon, and achieving two-way high-speed laser communication between the Earth and the Moon for the first time.
9. Changxin Storage announced that Changxin LPDDR6 memory has been officially mass-produced, and Xiaomi 18 Fold new folding flagship mobile phone will be launched for the first time.
10. Changxin Technology announced that in the first half of the year, it achieved operating income of 150.31 billion yuan, a year-on-year increase of 873.64%; the net profit attributable to shareholders of listed companies was 77.605 billion yuan, turning losses into profits year-on-year. The company said that looking forward to the second half of 2026, the global supply shortage of DRAM products will continue.
11. BYD’s revenue in the first half of the year was 344.82 billion yuan, a year-on-year decrease of 7.13%; its net profit in the first half of the year was 12.33 billion yuan, a year-on-year decrease of 20.5%.
12. Wuliangye announced that in the first half of the year, it achieved operating income of 28.417 billion yuan, a year-on-year increase of 20.87%; net profit attributable to shareholders of listed companies was 8.753 billion yuan, a year-on-year increase of 89.3%.
13. PetroChina achieved operating income of 1,527.491 billion yuan in the first half of the year, a year-on-year increase of 5.3%; net profit attributable to shareholders of the parent company was 103.936 billion yuan, a year-on-year increase of 22.0%.
14. Ganfeng Lithium Industry announced that in the first half of the year, it achieved operating income of 23.097 billion yuan, a year-on-year increase of 175.75%; the net profit attributable to shareholders of the listed company was 4.257 billion yuan, turning a loss into a profit year-on-year.
15. Walter Gas announced that it plans to raise no more than 700 million yuan for the construction project of Jiangsu Walter’s semiconductor material production base. Youyan Silicon announced that it plans to acquire the equity interests of Shandong Youyan Ace and Shandong Youyan Semiconductor, which is expected to constitute a major asset reorganization.
16. Zhongjian Technology announced that it plans to invest 1.2 billion yuan to build an intelligent robot industrialization project. Shengyi Electronics announced that its wholly-owned subsidiary plans to invest 2.257 billion yuan to build the "Core Computer Intelligent Link" high-speed interconnection circuit board manufacturing project.
17. 2nd Lianban Xiangjiang Holdings announced that its wholly-owned subsidiary signed a computing power technology service contract of no more than 970 million yuan. Haixing Shares announced that it plans to raise no more than 2.1 billion yuan in additional capital for high-performance high-voltage electrode foil projects for AI computing power supplies.
18. LONGi Green Energy achieved operating income of 27.045 billion yuan in the first half of the year, a year-on-year decrease of 17.58%; the net profit attributable to shareholders of the listed company was a loss of 3.684 billion yuan.
19. Huazheng New Materials’ net profit attributable to shareholders of listed companies in the first half of the year was 173 million yuan, a year-on-year increase of 305.28%. Inspur Information announced that the net profit attributable to shareholders of listed companies in the first half of the year was 2.952 billion yuan, a year-on-year increase of 269.59%.
20. *ST Yuandao announced that the stock will be suspended from trading on August 31 due to forced delisting due to major violations of the law. Wanlishi announced that the company and the actual controller were placed on file by the China Securities Regulatory Commission for suspected violations of information disclosure.
21. The three major U.S. stock indexes closed collectively lower on Friday, with the Dow Jones Industrial Average falling 0.02%, the Nasdaq Composite Index falling 0.52%, and the S&P 500 Index falling 0.25%. That week, the Dow rose 0.53%, the Nasdaq rose 0.85%, and the S&P 500 rose 0.49%.
22. Federal Reserve Chairman Warsh said that inflation data did not show a significant improvement in inflation trends; if the inflation rate cannot reach 2% quickly, there is still work to be done.
23. Iran’s Islamic Revolutionary Guard Corps announced on social media in the early morning of the 31st that Iran launched missiles at a US military base. Earlier, explosions were heard near Iran's Larak Island.
24. Iranian President Pezhechiyan said that Iran is currently working hard to ensure that if the Strait of Hormuz is reopened under a specific framework, the United States must also fulfill its obligations.
25. “Big Short” Michael Burry posted that he was shorting Nvidia, but he also bought call options on Nvidia. He believes that Nvidia's monopoly position will last only a limited time and profit margins will decline in the future.
26. Anthropic plans to publish its IPO prospectus after September 7 and may be listed in the United States in late September or early October. According to reports, the company hopes to raise at least US$130 billion in the IPO to expand its computing power.
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