Zhitong Hong Kong stocks have known for a long time | National Health “15th Five-Year Plan” issued, the Strait of Hormuz is no longer passable

[Today's headlines]

The State Council issued the “Fifteenth Five-Year Plan for National Health”

The State Council recently issued the “Fifteenth Five-Year Plan for National Health” (hereinafter referred to as the “Plan”), which lays out arrangements for speeding up the construction of a healthy China during the “15th Five-Year Plan” period. Twenty-four key tasks have been deployed.

This includes a full chain of support for the development and application of innovative drugs and medical devices. Optimize the review and approval of innovative drugs and clinically urgently needed drugs; accelerate the construction of new information infrastructure such as fifth-generation mobile communication (5G), gigabit optical networks, and mobile Internet of Things; promote the construction of a national integrated computing power network and promote “signal upgrading” special actions; expand automobile consumption, promote innovation and development of the entire automobile distribution and consumer sector, promote the circulation of used cars, and expand automotive aftermarket consumption such as car modifications, leasing, racing, and motorhome camping. Support the intelligent upgrading of household appliances consumption; promote the sustainable and healthy development of the real estate market, continue to consolidate the steady, moderate and positive development trend of the capital market, and increase the property income of urban and rural residents through multiple channels. Strengthen redistribution adjustments such as taxation, social security, and transfer payments.

[General outlook]

Storage concept stocks plummeted, and SanDisk fell more than 12%

Overnight, the Dow Jones Industrial Average fell 138.37 points, or 0.26%, to close at 52498.64 points; the S&P 500 stock index fell 60.05 points to close at 7515.34 points, or 0.79%; and the Nasdaq Composite Index fell 408.43 points to close at 25873.18 points, or 1.55%.

Most major technology stocks fell, with Maywell Technology and Arm falling more than 7%, Intel falling more than 6%, and Apple rising 0.63% to record highs. Storage concept stocks plummeted, with SanDisk falling more than 12%, SK Hynix falling more than 9%, Seagate Technology falling more than 5%, optical communications concept stocks generally falling, Applied Optoelectronics falling more than 6%, and Coherent falling more than 5%. Oil and gas stocks generally rose. EOG Energy and ExxonMobil rose more than 4%, while Occidental Petroleum, ConocoPhillips, and Chevron rose more than 3%.

Popular Chinese securities had mixed ups and downs, and the Nasdaq China Golden Dragon Index fell 0.14%. The Hang Seng Index ADR declined. On a pro rata basis, it closed at 24201.54 points, down 12.18 points or 0.05% from the Hong Kong closing.

WTI crude oil futures on the New York Mercantile Exchange rose $6.59 for the month to close at $78.0 a barrel, or 9.23%. COMEX gold futures fell $105.00 for the month's consecutive contracts, or 2.55%, to $4008.7 per ounce.

[Hot Topics Preview]

Iran's Persian Gulf Strait Authority: The Strait of Hormuz is no longer passable

On July 13, local time, Iran's Persian Gulf Strait Authority said on social media platforms that due to recent “hostile actions” by the US military, the Strait of Hormuz is currently impassable. The Authority said that once the situation returns to stability and calm, all applications for passage will be reviewed according to the scheduled schedule, and the licensing process will resume. The only way to obtain permission to pass is through the Authority's website. On July 13, local time, the Joint Maritime Information Center, supervised by the US Navy, said that the US military will begin implementing a maritime blockade of all Iranian ports and coastal areas at 20:00 GMT on July 14 (4:00 a.m. on the 15th Beijing time). Trump posted on social media on the 13th that the US will resume its maritime blockade of Iran and will charge 20% for all goods transported through the Strait of Hormuz. Overnight, international oil prices surged more than 9%.

Midea (00300) added nearly 200,000 new air conditioning orders in the European market in 1 month

Demand for air conditioners has exploded in many countries due to continued extreme heat in Europe. On July 13, the reporter learned from Midea Group that in the past month, the Midea Group added orders for nearly 200,000 air conditioners and is currently delivering them in batches to the European market through the joint operation of Midea Air Conditioning's Guangzhou Nansha Plant and Wuhu Plant.

Shenghong Technology (02476): Negative rumors about the company's products, market share, and project progress are circulating on online platforms. The content is seriously untrue

Shenghong Technology clarified the announcement and was concerned that negative rumors about the company's products, market share, and project progress were circulating on online platforms. The content was seriously untrue, which had a great negative impact on the company. The related statements circulating on the internet are untrue. The company is a long-term strategic partner of leading AI customers at home and abroad. Shenghong Technology has always regarded “quality” and “safety” as the lifeline of the enterprise, and the company strictly complies with customer standards. Currently, demand for AI-related PCB products is strong, and the company's on-hand orders continue to grow. The company's production and delivery are all normal, and orders from leading customers continue to increase. The company maintains close communication with core customers, and R&D iterative products developed in cooperation with customers are progressing smoothly. Some customers have released long-term demand from 2027 to 2028, and the company is confident in subsequent production and operation and efficiency.

China Sanjiang Chemical (02198) Fa Yingxi expects net profit attributable to shareholders to increase by about 100% to 130% year-on-year in the first half of the year

The Group expects to obtain net profit from equity holders of RMB 600 million to RMB 700 million for the six months ending June 30, 2026, while the Group will obtain net profit of approximately RMB 301 million from equity holders for the six months ending June 30, 2025, which is an increase of about 100% to about 130% compared with the same period in 2025. The increase in the net profit expected of the company's equity holders is mainly due to the Group's continuous dynamic adjustment of its procurement strategy, sources, raw material mix and production mix in response to current commodity market conditions.

Lingbao Gold (03330) Fa Yingxi expects mid-term net profit of about 950 million yuan to 1.05 billion yuan, an increase of about 42% to 57% year-on-year

Net profit performance was mainly affected by the following factors: (i) mainly due to the increase in the price of gold, the Group's main product in the first half of 2026 compared to the same period in 2025; (ii) the Group completed a subscription transaction for 50% +1 shares of St Barbara Mining Pty Ltd (target company) on April 2, 2026. The target company's core asset is Simberi's gold production mine in Papua New Guinea. The financial results of the target company since the date of completion of the subscription transaction have been comprehensively incorporated into the Group's comprehensive financial statements, which has had a positive impact on the Group's performance; (iii) the Group's net profit for the first quarter of 2026 was affected by the recording of approximately RMB 260 million in changes in the fair value of convertible bonds and related financial expenses (including actual estimated interest) of approximately RMB 22.11 million (the Board of Directors hereby emphasizes that this matter is a non-cash item, due only to application and compliance with relevant accounting standards, does not involve any cash outflow, nor does it reflect the Group's basic core operating performance ), which significantly offset profits from core businesses.

Xinhua Insurance (01336) expects net profit to be 20.719 billion yuan to 23.678 billion yuan for the first half year of 2026, an increase of 40% to 60% year-on-year

The company's net profit attributable to shareholders of the parent company for the first half year of 2026 is estimated to be 20.789 billion yuan to 23.758 billion yuan. Compared with the same period in 2025, it is expected to increase by 5.940 billion yuan to 8.909 billion yuan, an increase of 40% to 60% over the previous year.

Junzhi Group (01300)'s revenue for the first half of the year was about 1,750.5 billion yuan, an increase of 41.7% year-on-year

According to Zhitong Finance App News, Junzhi Group (01300) announced that the company obtained unaudited revenue of about RMB 1,750.5 billion for the half year ended June 30, 2026, about RMB 1,250.5 billion, compared with the unaudited revenue of RMB 1,235.6 billion in the first half of 2025, an increase of 41.7%; the unaudited revenue obtained in the second half of 2025 was approximately RMB 1,402.9 billion, an increase of 24.8% over the previous year. In terms of business in 2026, thanks to the rapid growth of the Global Intelligent Computing Center (“AIDC”) industry, the company continues to optimize its customer and order structure. Related main products (power cables, signal cables and optical cables) are gradually being recognized by customers in the AIDC field, and revenue and gross profit are rising at an accelerated pace.

Dingtai Hi-Tech (01377) expects net profit to mother of 640 million to 70 million yuan in the first half of the year, an increase of 300.62% — 338.18% year-on-year

In the first half of 2026, the procurement demand for precision tools and grinding and polishing materials from downstream PCB customers continued to be strong. The company grasped the industry boom window, promoted a further increase in the penetration rate of high-value-added products through deepening technological iteration and collaboration with customers, and the product structure continued to develop towards high-end. At the same time, the company's production capacity climbing efficiency improved markedly, and the scale effect was gradually released, which jointly drove the first half of the year's performance to achieve rapid growth.

Longpan Technology (02465) expects net profit from the first half of the year to be about 373 million yuan to 448 million yuan, turning a year-on-year loss into a profit

Benefiting from the development of power batteries and energy storage batteries, the company's lithium iron phosphate business was affected by upstream and downstream demand in the industry. Revenue and sales increased to varying degrees, reflected economies of scale, and profitability recovered.

Huaqin Technology (03296) expects mid-term net profit of about 2.9 billion yuan to 3.05 billion yuan, a year-on-year increase of 53.5% to 61.5%

According to the announcement, these estimated increases are mainly due to continued growth in the Group's operating performance. During the reporting period, the company's mobile terminal, computing and data center business grew steadily, and the innovative business grew rapidly, driving the company's business performance to continue to grow. At the same time, the increase in the Group's net profit after deducting non-recurring profit and loss is mainly due to the contribution of upstream and downstream investment in the industrial chain.

[Individual stock prices are clear]

Zhongwei New Materials (02579) expects net profit to increase 70.58%-84.23% year-on-year in the first half of the year

According to the Zhitong Finance App, Zhongwei New Materials (02579) announced that it is expected to obtain net profit attributable to shareholders of listed companies of 1.25 billion yuan to 1.35 billion yuan in the first half year of 2026, an increase of 70.58%-84.23% over the same period last year.

During the reporting period, the company seized the booming development opportunities of the global new energy industry, and relied on its leading position in the field of battery materials, the total sales volume of core products such as nickel, cobalt, phosphorus, and sodium exceeded 250,000 tons.

By sector, sales of precursor precursors increased by more than 50% year on year in the first half of the year, and the overall gross margin remained stable, and the leading position in the industry was further consolidated; sales of phosphorous materials increased by more than 25% year on year, and profit elasticity was significantly released, successfully turning losses into profits; sales of sodium electric precursor materials maintained a high growth trend and continued to maintain a leading position in the industry.

In addition, the company's upstream resource layout has achieved outstanding results, and investment income from laterite nickel ore has been steadily increasing; the Indonesian Fire and Nickel Smelting Project has effectively hedged local policy changes and maintained excellent profit levels with its cost advantage. Overall, the company's “resources+smelting+materials” industry chain integration advantages continue to be deepened, and various business sectors work together to build a safe margin and cyclical resilience of the company's operations.