Chinese storage unicorn Shenzhen Grand Semiconductor has submitted a listing application to the Hong Kong Stock Exchange.
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Shenzhen Platinum New Materials Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange.
According to Mars Finance, Shenzhen Platinum New Materials Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor.
Chengbang Technology: First-half profit expected to reach 26 million yuan; semiconductor storage business revenue and net profit both saw significant year-on-year growth.
According to Mars Finance, Chengbang Co., Ltd. (603316.SH) announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be 26 million yuan, turning a loss into a profit year-on-year. The company's semiconductor storage business accounts for over 70% of its revenue and is its core business. During the reporting period, relying on the favorable global semiconductor storage market, the company's semiconductor storage business revenue and net profit increased significantly compared to the first half of 2025, showing improved profitability, but the absolute amount is still relatively small. Note: The company's Q2 net profit is estimated at 3 million yuan, and Q1 net profit at 23 million yuan. Based on this, Q2 net profit is expected to decrease by 89% quarter-on-quarter. (Cailian Press)
Will China Resources New Energy complete its merger and reorganization to jointly pursue a Shenzhen Stock Exchange listing? China Government-Enterprise Cooperation Fund responds.
Mars Finance reported on July 8th that China Government-Enterprise Cooperation Investment Fund Co., Ltd. (hereinafter referred to as "China Government-Enterprise Cooperation Fund") recently issued a statement saying that the company has noticed a false report circulating online titled "China Resources New Energy Holdings Co., Ltd. and China Government-Enterprise Cooperation Investment Fund Co., Ltd. Complete Merger and Acquisition to Jointly Pursue Listing on the Shenzhen Stock Exchange." The report is entirely false information and seriously contradicts the company's actual situation. According to China Government-Enterprise Cooperation Fund, since its establishment, all of its business activities have strictly complied with national laws, regulations, and regulatory requirements, and it has never conducted or authorized any entity to conduct any activities mentioned in the aforementioned false report. The company is not currently planning any mergers and acquisitions, restructuring, listing applications, or other capital operations, nor has it formulated any corresponding implementation plans. China Government-Enterprise Cooperation Fund also stated that it reserves the right to pursue legal action against any entity that forges or alters the company's seals, business licenses, or authorization documents, or impersonates the company or its employees to release false information, engage in fraud, or commit any other illegal acts that infringe upon the company's legitimate rights and interests. (Wide Angle Observation)
SK Hynix listed $29 billion worth of ADRs on Nasdaq on the 10th, setting a new record for the largest ADR listing by a foreign company.
SK Hynix is reportedly set to list approximately 44 trillion won worth of American Depositary Receipts (ADRs) on Nasdaq, challenging the record for the largest foreign company listing on the US stock market. Following its Nasdaq listing, SK Hynix will be able to trade on the regulated US market and qualify for inclusion in major indices such as the Nasdaq 100. The inflow of funds into exchange-traded funds (ETFs) tracking these indices is also highly anticipated. However, some voices have warned whether the rapid rise in the AI storage semiconductor sector is overheated. As large technology companies continue to raise funds for data center investments through the bond and stock markets, concerns about the sustainability of the storage industry's boom are growing. (Jiemian)
Bernstein: The storage bull market could continue into 2027, but the steepest part of the rise has passed.
According to Mars Finance, on July 8th, Wall Street investment bank Bernstein released its monthly global memory tracking report, stating that DRAM contract prices continued to rise month-on-month in June, implying that the average price of traditional DRAM in Q2 2026 will increase by approximately 74% compared to Q1. Demand from servers and mobile devices remains the main driver, with Server DRAM prices expected to rise by approximately 60% to 67% in Q2, and Mobile DRAM by nearly 80%. The spot market also shows tight supply. PC DRAM spot prices rose 5.6% to 11.5% month-on-month in June, while Server DRAM rose 6.1% to 26.4%. The report stated that Server DDR5 performed particularly strongly, with spot prices significantly higher than contract prices, indicating that demand from AI and cloud service providers is still absorbing the new capacity shifted by suppliers to the server market. However, Bernstein also cautioned that the rate of price increases will slow significantly in Q3. TrendForce predicts that traditional DRAM price increases will slow to 13% to 18% in the third quarter, down from the steep increases in the second quarter. PC, mobile phone, and consumer electronics customers are reducing configurations or adjusting purchasing paces; while demand disruption is not yet fully apparent, the report believes it will eventually occur. The situation for NAND is more divergent. In June, NAND wafer spot prices actually fell by 3% to 4%, while wafer contract prices rose only slightly by 0.3% to 3.7%. However, strong price increases in mobile NAND and SSDs will still drive overall NAND contract prices up by about 60% in the second quarter. Bernstein stated that SSD and mobile storage price increases could reach 70% to 80%, offsetting the weakness on the wafer side. The key variable in this storage cycle remains AI. Cloud service providers and server customers continue to prioritize securing supply; some US CSPs have completed long-term agreement negotiations, while Chinese CSPs are still negotiating. Long-term agreements help smooth future price declines but may also limit the room for some suppliers to continue raising prices. In its investment conclusions, Bernstein maintains positive ratings for Samsung, SK Hynix, Micron, and SanDisk, while remaining cautious on Kioxia. The report believes that storage prices may remain strong until 2027, but will gradually normalize from the second half of 2027 to 2028 as long-term agreements take effect and new capacity comes online.
A-share midday review: The three major indices rose collectively in the morning session, with the semiconductor sector rebounding quickly after an initial dip.
Mars Finance reported on July 8th that the three major A-share indices rose collectively in the morning session. The Shanghai Composite Index rose 0.52% to 4011.05 points, the Shenzhen Component Index rose 0.08% to 15237.45 points, and the ChiNext Index rose 0.95% to 3949.04 points; the Beijing 50 Index fell 0.71%. The combined turnover of the Shanghai and Shenzhen stock exchanges was approximately 1.70248 trillion yuan, an increase of approximately 71.965 billion yuan compared to the previous trading day. By midday, 1886 stocks had risen and 3458 stocks had fallen, with 43 hitting their daily limit up and 11 hitting their daily limit down. In terms of sectors and themes, oil and gas exploration and services, precious metals, cloud computing, computer equipment, computing power leasing, tourism and hotels, semiconductors, and software development sectors led the gains; energy metals, batteries, motors, construction machinery, pork, photovoltaic equipment, and humanoid robot concept stocks led the declines. On the market, the semiconductor sector rebounded quickly after initially hitting a low, with Cansun Semiconductor hitting its 20% daily limit, and Huahong Grace Semiconductor and Shengke Communication reaching new historical highs. The computing power leasing sector performed strongly, with Wangsu Science & Technology and Sangfor Technologies both hitting their 20% daily limit, and Inspur Information opening at its daily limit after releasing its earnings forecast. DataPort and YunSai Intelligent also hit their daily limits. The precious metals sector rallied during the session, with Zhaojin Gold hitting its daily limit, and Xiaocheng Technology and Chifeng Gold following suit, after the People's Bank of China increased its gold holdings for 20 consecutive months. Oil and gas exploration, software development, tourism, and hotels also performed well. The new energy industry chain fell in the morning, with lithium mining and energy metals leading the decline. Rongjie Technology hit its daily limit, and Shengxin Lithium Energy, Tianqi Lithium, and Yongshan Lithium saw the largest declines. Humanoid robot concept stocks performed poorly, with Rifeng Precision Machinery and Estun hitting their daily limits during the session, and Greenland Harmonic falling by 10%. (Science and Technology Treasure Broadcast)