On the evening of June 22, Changchuan Technology and STL both delivered impressive semi-annual performance forecasts. Changchuan Technology expects a net profit attributable to shareholders of 900 million to 1 billion yuan in the first half of the year, a year-on-year increase of 110.76% to 134.18%; STL expects a net profit attributable to shareholders of 6 billion to 7 billion yuan in the first half of the year, a year-on-year increase of 118.68% to 155.13%.

It is worth noting that STL's stock price rose by 5.73% today; Changchuan Technology's stock price rose by 1.66% today, with the company's stock price increasing for five consecutive trading days, with a rise of over 20%. Industry insiders indicate that as performance forecasts enter a period of intensive disclosure, the main line of the A-share market's "performance is king" trend is becoming increasingly clear.

Four companies are expected to perform well

Data shows that as of 19:00 on June 22, 18 companies have disclosed their semi-annual performance forecasts for 2026. Among them, three companies are expected to see significant year-on-year growth in net profit, and one company is expected to turn a profit.

Data source: Company announcements, compiled by reporter Ji Jing

The high growth of Changchuan Technology's performance is attributed to the continuous transformation of previous R&D investments. The company has deepened its focus on the integrated circuit testing equipment field, and with significant demand release in the high-end downstream market, sales performance of multiple product lines such as digital testers has increased significantly, demonstrating scale effects, and profits have rapidly climbed.

STL has achieved counter-cyclical high growth through a deep layout of its light hydrocarbon integrated industrial chain. In its performance forecast, the company stated that the advantages of industrial chain integration, product iteration and innovation, and diversified supply chain layout are its three main growth pillars. Against the backdrop of overall pressure in the chemical industry, the company effectively buffered cost fluctuations with an ethane cracking to ethylene route that boasts an 80% yield advantage and low carbon cost barriers, maintaining stable profitability.

EVE expects to achieve a net profit attributable to shareholders of 3.13 billion to 3.37 billion yuan in the first half of the year, a year-on-year increase of 95% to 110%. In the context of intensified price competition in the lithium battery industry, the company has effectively buffered the rising fluctuations in material costs through diversified supply chain layouts and strategic procurement planning, ensuring the stability of its main business profitability.

Fushine is expected to turn a profit in the first half of the year, achieving a net profit attributable to shareholders of 165 million to 215 million yuan. The company stated that during the reporting period, it seized market opportunities, expanding the production capacity of electrolyte additive VC to 10,000 tons/year, coupled with approximately 4,000 tons/year production capacity of FEC products, driving explosive performance growth through increased volume and price. Meanwhile, the company's microbial protein business has obtained dual certification from China and the United States, accelerating the expansion of overseas channels.

It is noteworthy that after EVE disclosed its performance forecast on June 15, the company's stock price jumped the next day, with an increase of 13.8%, closing at 66.88 yuan/share. On June 22, the company's stock price closed at 70.23 yuan/share, up 5.36% Fushine's stock price has also seen a continuous rise over the past three trading days, with a cumulative increase of 18.12%.

The mid-term report market is approaching.

In addition to the four companies mentioned above that have performed well, another 9 companies are expected to achieve positive profit growth year-on-year in the first half of 2026.

For instance, Luxshare Precision is expected to report a net profit of between 7.84 billion yuan and 8.106 billion yuan in the first half of the year, representing a year-on-year increase of 18% to 22%. The company stated that in the first half of 2026, it will continue to leverage its diversified business layout, global capacity allocation, and vertical integration capabilities, deepen cooperation with core customers both domestically and internationally, and steadily advance product development, customer introduction, and key project implementation. Meanwhile, the company will continue to enhance its operational resilience and risk resistance through rapid response to customer demands, supply chain improvements, cost optimization, and enhanced global delivery capabilities, promoting steady growth in overall operations.

Additionally, there are 2 companies expected to maintain profits and 3 companies expected to see slight declines in performance. Yongda Co., Ltd., Caike Technology, and Weitongli are all expected to experience a slight decline in performance in the first half of the year. Weitongli stated that the decline in the mid-term performance forecast is mainly influenced by multiple factors such as the price reduction of synchronous decomposers and fluctuations in copper prices, which are short-term structural issues. The company has a solid customer base in various fields, and as fundraising projects are constructed, capacity will be gradually released.

Soochow Securities' research report indicates that as July approaches, the mid-term report market will arrive. The disclosure rules for A-share performance forecasts have a "high prosperity" screening attribute. The clues for mid-term report prosperity in 2026 are mainly concentrated in three areas: the AI hardware industry chain, upstream cyclical products, and midstream manufacturing with overseas advantages.

Bank of China Securities' research report suggests that the A-share market is about to enter the mid-term report window period, recommending attention to the upward direction of prosperity. Among 70 key industries, those with high absolute growth rates and marginal upward revisions in mid-term report performance are worth focusing on, including high-prosperity industries such as semiconductors, computer equipment, and communication equipment, as well as non-tech industries like lithium mines, securities, photovoltaic equipment, robotics, agricultural chemicals, and lithium battery equipment.

【Source: China Securities Journal】

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