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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)
Standard Chartered becomes first bank distributor of HKD stablecoin
The bank plans tokenized money market fund settlements in the fourth quarter as HKDAP expands its phased rollout into conventional banking.
Samsung Electronics' foundry business returned to profitability in June for the first time in three years.
According to Mars Finance, on July 6th, Samsung Electronics' foundry business achieved monthly profitability in June of this year. This is the first time the business has recorded monthly profitability since 2023. Industry insiders believe that increased orders for high-bandwidth memory (HBM) base chips and improved yields in advanced processes reduced fixed costs, driving the recovery in profitability. Based on current trends, Samsung's foundry business is expected to achieve quarterly profitability in the third quarter of this year. Although the overall performance in the second quarter was still dragged down by losses in April and May, making it difficult to determine whether the entire quarter had achieved profitability, with the turnaround in June, Samsung generally believes that the possibility of the company achieving quarterly profitability in the third quarter has significantly increased. Analysts believe that this is the first time Samsung's foundry business has achieved monthly profitability since 2023. In the past few years, this business has been in a state of long-term loss, mainly due to multiple factors including low yields in advanced processes, the loss of large customers, and insufficient capacity utilization.
New York town weighs crypto mining and AI data center ban
One of the first towns in the US to ban Bitcoin mining for 18 months is considering another temporary moratorium extending to data centers and other crypto mining operations.
Citi, DBS complete first weekend tokenized cross-border deposit on Swift
Citi and DBS completed their first tokenized cross-border transfer over the weekend, using Swift’s blockchain-based ledger to circumvent the constraints of traditional banking hours.
Goldman Sachs, BofA Among 21 Banks Planning Joint Dollar Stablecoin Launch
The bank-led consortium wants a U.S. dollar token live by the first half of 2027, with a euro version queued up next.