[CPCA: Passenger vehicle market sales in April were 1.368 million units, down 19.4% YoY]

Desay Battery announced that it expects net profit for H1 2026 to be between 197 million yuan and 220 million yuan, up 101.96%–125.54% YoY. During the reporting period, the company's two strategic emerging businesses, energy storage battery cells and SIP (system-in-package), performed well: With sufficient orders and high capacity utilization rate, the energy storage battery cell business achieved a substantial operational improvement and turned losses into profits; the SIP business saw an increase in gross profit margin and continuous improvement in profitability.

GigaDevice, the "storage king," hit its daily price limit down. At the close, the stock was reported at CNY 550.8 per share, having fallen over 30% since June 30, with a total market capitalization of CNY 386.4 billion. Notably, on the same day, the storage chip sector to which GigaDevice belongs also plunged collectively. At the close, Shannon Semi hit its 20% daily price limit down, and many popular stocks such as Wuxi Taiji Industry, Demingli, and Shenzhen Kaifa Technology hit their 10% daily price limit down. In response, a GigaDevice representative stated that this round of stock price adjustment has a strong correlation with external market movements, "The magnitude of our company's current stock price decline is similar to that of SK Hynix; basically both are down over 30% now. We are all in the storage business, and the upward trends were also similar before." Regarding market concerns about the company's business, the representative noted, "The earnings forecast is the most convincing proof of our performance.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 13 Jul , 2026