8:00 36Kr Brief | Over 1,100 employees of AI companies jointly petition the US government; False dental crown found in peach crisp? Sam's Club and Lu Xi He have responded; Moonshot AI's Kimi has completed its Series F financing of over 3.5 billion USD.

Today's Hotspot Guide

The trading turnover of C Changxin reached 40 billion yuan

The State Tobacco Monopoly Administration summoned iMiracle (Shenzhen) Technology Co., Ltd. for a talk

The Ministry of Foreign Affairs responded to the United States' implementation of import restrictions on advanced robots

BMW plans to lay off thousands of employees in Germany and cut costs through a voluntary separation program

The Federal Reserve announced that it will keep interest rates unchanged

Top 3 Major News

Multiple AI leaders including the CEO of Anthropic signed a joint open letter, calling for controlling the pace of artificial intelligence development

More than 1,100 executives and employees from leading artificial intelligence companies jointly signed an open letter, calling on the U.S. government to "support the international community to jointly develop technical and governance tools to implement orderly control over the development pace of cutting-edge automated artificial intelligence". The letter was released on local time July 28, and has received support from Anthropic and OpenAI. Signatories include Dario Amodei, CEO of Anthropic, Jakub Pachocki, Chief Scientist of OpenAI, Anca Dragan, Vice President of Google Safety & Alignment, and Zhao Shengjia, Chief Scientist of Meta AI. Last week, in a cybersecurity test, the OpenAI model broke through the internal test system and hacked into the model code repository platform Hugging Face, which raised alarm among practitioners in the artificial intelligence industry. (Sina Finance)

Found denture crown in walnut crisp? Sam's Club and Luxihe respond

On July 29, the topic "finding a dental crown in Luxihe walnut crisp" became a trending search. A netizen from Dalian posted a video on social platforms, stating that he found a foreign object suspected to be a metal dental crown in the Luxihe walnut crisp he purchased at Sam's Club. The netizen said he had contacted Sam's Club customer service regarding this issue, but the two parties failed to reach a consensus on compensation. He has now filed a complaint with 12315 and is waiting for processing.

In response, Sam's Club customer service said: "Sam's Club attaches great importance to food safety and member experience. After receiving relevant feedback from the member, we have removed the products of the involved batch from shelves and sealed them up. At the same time, we immediately launched spot checks and traceability verification, and actively cooperated with the regulatory authorities to carry out relevant investigation work. Meanwhile, to safeguard the legitimate rights and interests of members, we have been actively contacting and communicating with the member, and will properly handle follow-up matters in accordance with laws and regulations."

On July 29, Luxihe Food released a statement: Recently, we noticed that a consumer posted a video on social platforms, claiming that he found three sets of metal dentures in the individually sealed packaged Luxihe walnut crisp he bought from a certain store. The company attaches great importance to this incident, set up a special team immediately, carried out a full production line inspection on the very day, and investigated the products of this batch to ensure product safety. Luxihe always puts food safety first, has actively reported the relevant situation to government regulatory authorities, invited government regulatory authorities to inspect the factory, and will maintain communication and report to government departments. (Yicai)

Moonshot AI (Kimi) has completed its Series F financing of more than 3.5 billion U.S. dollars, pushing its post-money valuation to 35 billion U.S. dollars

Moonshot AI (Kimi) has closed its Series F financing with a total funding amount exceeding 3.5 billion U.S. dollars, and its post-money valuation has climbed to 35 billion U.S. dollars. As the raised amount is more than three times the original target, this financing round was closed ahead of schedule. The Series G (Pre-IPO round) originally planned to launch in August has been kicked off in advance, with the pre-money valuation reaching 50 billion U.S. dollars. (CLS)

Frontier of AI

OpenAI's ChatGPT is approaching 1 billion weekly active users

According to internally disclosed information from OpenAI, the weekly active user volume of the company's chatbot is about to break through the 1 billion mark. This milestone was originally a target the company planned to achieve at the end of last year. Although the expected realization of this goal is seven months later than the original expectation, ChatGPT has accumulated such a huge user scale in less than four years since its launch. Even if it does not rank first in growth rate, it is still one of the fastest-growing products among internet applications. The company's spokesperson made no comment on this. (Sina Finance)

Sangfor AI ranks top 4 worldwide and No.1 in China in CyberGym evaluation

36Kr has learned that recently, in CyberGym, the international benchmark test oriented to AI security capabilities, with the fixed model configuration based on the fully domestic base model (GLM-5.2), when the system faces all high-difficulty vulnerability challenges covering ARVO and OSS-Fuzz, it successfully solves 1301 out of 1507 tasks, reaching an overall success rate of 86.3%. The final overall evaluation result ranks top 4 across the globe and takes the first place among all participating domestic teams in China.

OpenAI Releases Open-Source Codex Security CLI

On July 28 local time, OpenAI posted on the social media platform X that it has released the open-source version of Codex Security CLI. Users can now use this tool to scan code repositories, track the detected issues across multiple runs, verify the fix results, and integrate security checks into the Continuous Integration and Continuous Delivery (CI/CD) process. OpenAI stated that this product is still in the early release stage, and will continue to be improved based on user feedback in the future. (Jiemian News)

Artium AI Becomes OpenAI Premium Partner to Help Enterprises Develop Customized Intelligent Agent AI Solutions

On July 29, Artium AI, an American intelligent agent AI software consulting firm, announced that it has joined the OpenAI Partner Network and become a premium partner of OpenAI. The company stated that it will cooperate with OpenAI in the future to help enterprises build, deploy and expand customized intelligent agent AI solutions in fields including financial services, healthcare, technology, telecommunications, media and entertainment. (Sina Finance)

Tencent Hunyuan Open-Sources AngelSpec

36Kr learned that on July 29, the Tencent Hunyuan team announced the official open-sourcing of AngelSpec, a speculative decoding framework covering drafter training, architecture design and online deployment, and simultaneously open-sourced the MTP and DFly drafter weights as well as the training code of Hy3-A21B.

Major Companies / Major Events

The Anti-Cyberbullying Law of the People's Republic of China (Draft for Comment) is Open for Public Comments

36Kr has learned that in order to prevent, stop and punish cyberbullying, strengthen anti-cyberbullying work, protect the legitimate rights and interests of individuals and organizations, and safeguard national security and public interests, in accordance with the relevant legislative plan and arrangement, the Cyberspace Administration of China, in conjunction with relevant departments, has drafted the Anti-Cyberbullying Law of the People's Republic of China (Draft for Comment), which is now open to the whole society for public comments.

The three major U.S. stock indexes closed lower collectively, with the storage sector plummeting

36Kr learned that at the close of trading on July 19, the three major U.S. stock indexes all declined collectively, with the Dow Jones Industrial Average down 2.19%, the Nasdaq Composite Index down 1.74%, and the S&P 500 Index down 1.52%. The storage sector plunged sharply: Micron Technology fell nearly 10%, Western Digital fell more than 7%, Marvell Technology fell more than 6%, and Intel fell more than 5%. Tech stocks generally dropped across the board, with NVIDIA down more than 3%, Tesla down more than 2%, Amazon and Meta down more than 1%. Most popular Chinese concept stocks rose, with Li Auto up more than 4%, Pinduoduo up more than 3%, XPeng Inc. and Bilibili up more than 2%, JD.com and NetEase up more than 1%, while Alibaba posted a slight decline.

C Changxin's trading turnover hits 40 billion yuan

36Kr has learned that as of 2 p.m. on July 29, the trading turnover of C Changxin has reached 400 billion yuan, up 11.7% at present, with the total market value exceeding 3.51 trillion yuan.

The formulation and revision of the national standard related to the "small blue light" for intelligent driving has been launched

36Kr learned that on July 29, China Automotive Standardization Institute released an article stating that a number of vehicle models equipped with the "small blue light" for driving assistance currently have the problem of light abuse. The blue light at night is easy to cause glare and interfere with the judgment of other drivers; meanwhile, such vehicles are prone to being followed at close range and maliciously cut in, which increases the risk of road traffic. The article noted that the current GB 4785—2019 does not make clear provisions on the external blue light for intelligent driving. According to the standard principles, vehicles are not allowed to install external light signal devices that are not defined by regulations. Relevant international working groups still have disputes over the advantages and disadvantages of this type of indicator light. Under the guidance of the competent authorities, the National Automobile Standardization Technical Committee is carrying out the formulation and revision of the standard GB 4785 Installation Requirements for External Lighting and Light Signal Devices for Automobiles and Trailers, and cooperating to carry out related work of strengthening the access review and test verification management of "aggressive" product innovative designs, so as to further standardize the installation and use of vehicle lamps and improve the safety performance of automobile products.

Lei Jun responds to why Xiaomi develops extended-range EVs: The extended-range market is far from saturated and boasts huge potential for development

36Kr has learned that Lei Jun posted on Weibo to explain why Xiaomi Pengcheng develops extended-range electric vehicles. "There is no absolute advantage or disadvantage between the extended-range and pure electric technology routes, only differences in product experience quality." Lei Jun said that the extended-range market is far from saturated, and on the contrary, it has huge room for development. "The extended-range technology of Xiaomi Pengcheng has solved a large number of common pain points, which is completely different from the extended-range technology in the early stage."

The market size of AI short dramas has exceeded 22 billion yuan in half a year, and the industrial boom is reshaping the content production logic

In the first half of this year, the AI short drama sector has delivered a performance report far exceeding market expectations. The latest data from DataEye shows that the market size of AI short dramas has exceeded 220 billion yuan? No, 22 billion yuan from January to May this year, and is expected to hit the 40 billion yuan mark for the whole year, with the number of domestic AI short drama users exceeding 600 million in the first half of the year. At present, all parties from platforms to production studios, technology providers to content creators are discussing a common topic — AI is fundamentally reshaping the production logic and business boundaries of short dramas. Industry insiders generally believe that the AI short drama sector has passed the trial stage, and a large-scale industrial boom is underway. (China Securities Journal)

Li Yunfei of BYD: The RMB 50 million investment in Changxin Technology is a corporate act, and Chairman Wang Chuanfu has no personal external investment situation

In response to BYD's participation in the first round of financing of Changxin Technology, Li Yunfei, General Manager of the Brand and Public Relations Department of BYD Group, stated that the investment was completed with a contribution of RMB 50 million from BYD Co., Ltd. six years ago (December 2020). Wang Chuanfu, Chairman of the company, only holds shares related to BYD, and has never made external investments or taken equity in any other enterprises in his personal name, with no personal external investment scenario. Meanwhile, all external investments of the company are uniformly carried out under the entity name of BYD Co., Ltd., and the company's senior executives have never participated in any external investment projects in their personal names. "All equity investment businesses carried out by the company in recent years are market-oriented investment acts at the enterprise level," Li Yunfei said. (CLS)

State Tobacco Monopoly Administration Holds Administrative Interview with Airscream (Shenzhen) Technology Co., Ltd.

36Kr learned that in response to prominent problems found in daily supervision, including suspected illegal and irregular production and operation, weak compliance management and other outstanding issues of Airscream (Shenzhen) Technology Co., Ltd., the State Tobacco Monopoly Administration recently conducted an administrative interview with the person in charge of Airscream (Shenzhen) Technology Co., Ltd. in accordance with the law. The company was required to strictly comply with the Tobacco Monopoly Law of the People's Republic of China, the Regulations for the Implementation of the Tobacco Monopoly Law of the People's Republic of China, the Measures for the Administration of Electronic Cigarettes and other relevant regulations, as well as national restrictive industrial policies, earnestly fulfill the main responsibility of compliant operation, strictly implement the regulatory requirements for e-cigarettes, establish and improve the internal compliance management system, and comprehensively elevate the enterprise management level.

Innolight Responds to Rumors of Optical Module Price Cuts

On the evening of July 28, Innolight stated at a conference call that in response to market rumors of a sharp price drop in the industry's 1.6T optical modules, the company's ASP for 1.6T products is far higher than the market rumors, and there is no cutthroat competition in the industry. At present, the overall industry demand is very strong, raw materials are in short supply, and the delivery of 1.6T products is tight. Only a few manufacturers have the capability of large-scale 1.6T product delivery. The company's product pricing is competitive and can maintain a stable gross margin level. (Jiemian News)

GigaDevice: From May 6 to June 12, Zhu Yiming has reduced his holdings of the company's shares by a total of about 4.4 billion yuan

36Kr learned from the announcement of GigaDevice that Zhu Yiming, a shareholder of the company, reduced his holdings of 11,110,600 shares of the company through centralized bidding and block trading from May 6 to June 12, 2026, accounting for 1.58% of the total share capital of the company, with the total amount of share reduction reaching about 4.4 billion yuan. After the implementation of the share reduction plan, Zhu Yiming and his concert party Hong Kong Yingfude Co., Ltd. hold a total of 47,700,900 shares of the company, accounting for 6.80% of the total share capital of the company.

Momenta Obtained Nationwide L4 Test Permit in Germany, Becoming the First Chinese Enterprise to Get Approved

36Kr learned that on July 29, Momenta announced that it has obtained the L4 autonomous driving test permit issued by the German Federal Motor Transport Authority (KBA), which allows it to carry out tests on urban roads across Germany without applying for approval in each city separately. This is the first time a Chinese enterprise has obtained such qualification. Driven by this news, Momenta's Hong Kong stock closed up by more than 10%.

Foreign Ministry Responds to US Imposition of Import Restrictions on Advanced Robots

In response to the announcement by the US Federal Communications Commission of import restrictions on foreign-manufactured advanced robots, including humanoid robots where Chinese parties hold a dominant position, Mao Ning, Spokesperson of the Ministry of Foreign Affairs, stated at the regular press conference on July 29 that the Chinese side has always firmly opposed the US side's generalization of the national security concept to suppress Chinese enterprises. Protectionism cannot improve the competitiveness of the United States, and will only damage the interests of US enterprises and consumers. The Chinese side will continue to take necessary measures to firmly safeguard the legitimate and lawful rights and interests of Chinese enterprises. (Xinhua News Agency)

Zhang Xiaolong Steps Down from Position at Fenbi's Affiliated Company

36Kr learned from Tianyancha App that recently, Beijing Fenbi Lantian Technology Co., Ltd., an affiliated company of Fenbi, has undergone industrial and commercial changes. Zhang Xiaolong stepped down from the positions of legal representative, manager and director, and Luo Chengxing took over these posts. Founded in February 2015, the company has a registered capital of 10 million RMB, and its business scope includes education consulting services, software development, etc. It is jointly held by Zhang Xiaolong, Beijing Fenbi Box Enterprise Management Partnership (Limited Partnership) and Wei Liang. According to media reports, Fenbi previously issued an announcement stating that Zhang Xiaolong will no longer hold any position in the company, which takes effect immediately.

SK Hynix: AI Investment Has Not Slowed Down Significantly

SK Hynix stated that based on actual communication with customers, major cloud service manufacturers are still putting forward more supply demand for memory chips, and AI investment has not slowed down significantly. (China Securities Journal)

SK Hynix falls by more than 17%, recording its largest drop on record

36Kr learned that as of 12:00 noon on July 29, the decline of South Korea's KOSPI index widened to 11%. SK Hynix fell by more than 17%, marking its largest drop on record.

South Korea to Hold Emergency Meeting to Discuss Market Situation After South Korean Stock Market Triggers Circuit Breakers for Two Consecutive Trading Days

South Korea will convene an emergency meeting on the evening of July 29 local time to discuss the market situation after the stock market slump, which has wiped tens of billions of dollars from the market value of investors' positions. South Korean lawmaker Ryu Dong-soo stated that the meeting will be chaired by Finance Minister Koo Yun-cheol, with heads of South Korea's major financial regulatory authorities all in attendance, and the meeting is scheduled to start at 6 p.m. local time. South Korea's Kospi Index has plummeted by roughly 40% from its June peak. The underperforming results released by SK Hynix have further exacerbated the market decline, raised investors' doubts about the artificial intelligence investment boom, and accelerated retail selling at the same time. This downturn has led the South Korean stock market to trigger the full-market circuit breaker mechanism for the second consecutive trading day. (Jiemian News)

South Korean Minister of Economy and Finance: Apologizes for Launching Single-Stock Leveraged ETFs Without Sufficient Prudent Assessment

The South Korean finance minister stated that he apologizes for rolling out single-stock leveraged ETFs without full prudent evaluation. South Korea's stock market suffered another sharp slump on July 29, with the KOSPI index once falling by more than 12%, breaking below the 5300 point mark, and recording a cumulative drop of over 43% from its historical high. Leading memory chip manufacturer SK Hynix once dipped by more than 17%, marking its largest drop on record, with a cumulative decline of 57% from its all-time high in June, and its market value fell below 630 billion US dollars. (CLS)

BMW Plans to Lay Off Thousands of Employees in Germany to Cut Costs via Voluntary Separation Program

It is reported that the BMW Group plans to provide voluntary severance packages for thousands of its employees in Germany, as part of the company's initiatives to reduce costs and enhance competitiveness. The group plans to cut around 8,000 positions globally, most of which will be from the German market. This voluntary separation program is primarily open to employees in R&D, product planning and other corporate functional departments, while production line workers are not covered by the scheme. The company also plans to streamline management tiers in the next few months. The program is scheduled to launch in October and last until 2027. (Sina Finance)

Hermès Q2 sales increase by 7%

The second-quarter performance recently released by French luxury group Hermès shows that the company's sales reached 4.1 billion euros in the quarter, with a 7% year-on-year growth at constant exchange rates, which meets market expectations. In terms of regional markets, all markets except the Middle East achieved growth in the three months ending at the end of June. (Sina Finance)

China's first domestically developed OLED TDDI chip enters mass production

36Kr has learned that recently, ICNA3611, the first domestic OLED Touch and Display Driver Integration (TDDI) chip independently developed by Chipone, has achieved large-scale mass production in mainstream models of well-known domestic brands. This marks that China has completed a key leap of technological breakthrough and commercial application in the high-end display driver chip sector, pressing the "acceleration key" for domestic substitution and the independent controllability of the entire industrial chain.

Insiders: State Administration for Market Regulation to launch price compliance guidance activities for the photovoltaic industry

According to people from the industry, the Bureau of Price Supervision, Inspection and Anti-Unfair Competition of the State Administration for Market Regulation is scheduled to carry out the price compliance guidance activity for the photovoltaic industry on July 31. The invited participating units include China Photovoltaic Industry Association and relevant photovoltaic enterprises. This meeting aims to guide the photovoltaic industry to strengthen cost accounting, implement the General Rules for the Cost Accounting Model of the Photovoltaic Industry, and curb irrational competition. (CLS)

Yangtze Memory Technologies (YMTC): The widely spread claim that "all 19 claims of the core 3D NAND patent have been ruled invalid" is a highly misleading statement

36Kr has learned that Yangtze Memory Technologies Co., Ltd. released a statement on July 29: First, the widely circulated information such as "the U.S. Patent and Trademark Office (USPTO) ruled on July 28 that all 19 claims of Yangtze Memory's core 3D NAND patent are invalid" is a highly misleading description. Second, the claim that "all concept stocks related to YMTC plummeted across the board" is a malicious fabrication based on the above misleading information, and the relevant description is seriously inconsistent with the facts. Third, since November 2023, Yangtze Memory has filed a patent infringement lawsuit against Micron Technology in the United States, involving a total of 27 patents and 295 patent claims, which is still under trial. The company will not comment on the ongoing litigation, and relevant progress can be queried through public channels. Fourth, Yangtze Memory always adheres to independent innovation, operates in compliance with laws and regulations, and attaches great importance to the layout and protection of intellectual property rights. Relevant accounts and platforms are requested to immediately stop all false reports and malicious dissemination. The company reserves the right to pursue legal responsibilities of relevant entities and personnel. (Jiemian News)

OceanBase Responds to Financing Reports: Fully Commit to AI Data Innovation and Maintain Open Communication with the Capital Market

36Kr learned that on July 29, in response to reports about its first external equity financing, OceanBase stated that the company is fully committed to data technology and product innovation in the AI era, and will continue to maintain open communication with the capital market. OceanBase did not give further responses regarding the financing scale, investment institutions and specific progress. Earlier, media reports stated that OceanBase is negotiating Series A financing with investors, and has already contacted a number of top-tier investment institutions, with a target financing scale of about 2 billion to 3 billion RMB. Insiders said that this round of financing will help OceanBase further enhance its independent operation capabilities and support its expansion into the AI data platform sector.

Mark Zuckerberg: The United States Should Not Ban Chinese AI Models to Gain an Edge in the Competition

According to reports from the UK's Financial Times and Reuters on July 29, Mark Zuckerberg, CEO of Meta, said in a media interview that the United States should not ban Chinese AI models in order to gain an advantage in the artificial intelligence (AI) competition. (Huanqiu.com)

The Federal Reserve announces to keep interest rates unchanged

On July 29 local time, the Federal Reserve concluded its two-day interest rate meeting, announcing that it will maintain the target range of the federal funds rate unchanged at 3.5% to 3.75%. This is the fifth time that the Federal Reserve has kept interest rates unchanged since the beginning of this year. (CCTV Finance)

FAA Proposes Partial Exemptions from Relevant Regulations to Accelerate Rocket Launch Approval for SpaceX and Blue Origin

The new rules issued by the U.S. Federal Aviation Administration (FAA) will benefit Elon Musk's SpaceX, Jeff Bezos-founded Blue Origin, and other rocket launch enterprises. The new FAA rules will allow the agency to waive partial requirements for commercial space licenses and permits under 13 laws, including some provisions of the National Environmental Policy Act, the Endangered Species Act, the Clean Water Act and the Clean Air Act, as well as the National Historic Preservation Act and the Marine Mammal Protection Act. (Cailian Press)

Nobel Prize-level AlphaFold team disbanded, DeepMind ushers in major adjustment to its scientific research strategy

Latest news shows that Google DeepMind has disbanded its affiliated AlphaFold team. Most of the original authors of the AlphaFold paper have been reassigned to new positions in the past year. This team built the artificial intelligence (AI) system that won Nobel Prize recognition for its protein structure prediction technology, and this adjustment marks that this world's top AI research institution is reformulating its scientific research strategy. (CLS)

Investment and Financing

Yaole Technology Completes New Round of Pre-A+ Financing

36Kr has learned that Yaole Technology, an enterprise focused on flexible tactile perception, recently closed a new round of Pre-A+ financing. This round of financing is led by Dinghe Gaoda, with listed companies Changshu Automotive Trim and Zulong Entertainment participating as co-investors, and Yundao Capital acts as its long-term exclusive financial advisor. The raised funds will be mainly used for R&D of flexible fabric sensing technology, product performance iteration and upgrading, accelerating capacity expansion and mass delivery of data gloves, improving the capabilities of data collection, calibration and interface, and speeding up the implementation of relevant solutions for scenarios including embodied intelligence, world model and intelligent cockpit.

Large Corporations' Financial Reports

Microsoft's net profit in the fourth fiscal quarter increased by 31% year-on-year, and Azure's annual revenue exceeded 100 billion U.S. dollars for the first time

Microsoft released its financial reports for the fourth quarter of fiscal year 2026 and the full year ended June 30 on July 30. The financial reports show that calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP), Microsoft's total revenue in the fourth fiscal quarter was 90.007 billion U.S. dollars, up 18% from 76.441 billion U.S. dollars in the same period of the previous year, and the year-on-year growth reached 17% at constant exchange rates; the net profit was 35.766 billion U.S. dollars, up 31% from 27.233 billion U.S. dollars in the same period of the previous year. (Ifeng Technology)

Meta's second-quarter revenue reached 60.8 billion U.S. dollars, slightly higher than market expectations

Meta recorded a second-quarter revenue of 60.8 billion U.S. dollars, versus the estimated 60.24 billion U.S. dollars; its earnings per share stood at 6.18 U.S. dollars, compared with 7.14 U.S. dollars in the same period of the previous year. The company forecasts its revenue for the third fiscal quarter to be between 61 billion and 64 billion U.S. dollars, while the average analyst estimate is 63.17 billion U.S. dollars. (CLS)

Porsche's deliveries in the first half of the year dropped 16.5% year-on-year, while its operating profit rose to 13.48 billion euros

On July 29, Porsche announced that its sales revenue in the first half of 2026 fell to 17.229 billion euros from 18.157 billion euros in the same period of last year; operating profit increased to 13.48 billion euros from 10.07 billion euros; the return on sales was 7.8% (same period of last year: 5.5%), and the EBITDA margin of the automotive business was 18.3% (same period of last year: 16.0%); vehicle deliveries decreased by 16.5% to 122306 units; the share of battery electric vehicles in the automotive business dropped to 19.4% (same period of last year: 23.5%). (Jiemian News)

Procter & Gamble's net sales in the fourth fiscal quarter reached 21.2 billion U.S. dollars, up 2% year on year

The Procter & Gamble Company released its financial reports for the fourth quarter of fiscal 2026 and the full year ended June 30, 2026 on July 29. In the fourth fiscal quarter, the company achieved net sales of 21.2 billion U.S. dollars, with a year-on-year growth of 2%. Affected by factors such as costs and non-core adjustments, the diluted earnings per share in the fourth quarter decreased by 15% year on year to 1.26 U.S. dollars, and the core earnings per share dropped by 3% to 1.43 U.S. dollars. Looking forward to fiscal 2027, Procter & Gamble expects the full-year sales and organic sales growth rate to be between 1% and 3%, and the core earnings per share is expected to be in the range of 6.89 U.S. dollars to 7.11 U.S. dollars. (Jiemian News)

BASF Group's second-quarter sales reached 17.2 billion euros, up 16.4% year on year

On July 29, BASF Group disclosed that its sales in the second quarter of 2026 hit 17.2 billion euros, representing a 16.4% year-on-year growth. This is mainly attributed to the substantial price increase (up 11.5%) and sales volume growth (up 7.3%). The price growth is primarily driven by the business sectors of Chemicals, Surface Treatment Technologies, Materials and Industrial Solutions. EBITDA in the second quarter of 2026 rose to 2 billion euros, compared with 1.3 billion euros in the same period of last year. (Jiemian News)

Ford Motor posts a net loss of 1.3 billion USD in the second quarter, with revenue down 4% year on year

On local time July 28, Ford Motor Company announced that its revenue in the second quarter of 2026 was 48.3 billion USD, down 4% year on year; its net profit was -1.3 billion USD, representing a year-on-year decrease of 1.3 billion USD; its adjusted earnings before interest and tax (EBIT) was 2.5 billion USD, up 400 million USD year on year. The company raised its full-year adjusted EBIT guidance to the range of 10 billion to 11 billion USD (the previous range was 8.5 billion to 10.5 billion USD), and raised its adjusted free cash flow guidance to the range of 6 billion to 7 billion USD (the previous range was 5 billion to 6 billion USD). (Jiemian News)

UBS' total revenue in the second quarter hit USD 13.7 billion, beating expectations with a 13% year-on-year increase

UBS announced on July 29 that its total revenue in the second quarter was USD 13.70 billion, up 13% year on year against the estimated USD 13.26 billion; its net profit was USD 2.80 billion, up 17% year on year against the estimated USD 24.7 billion. UBS announced the launch of another USD 3 billion share repurchase program, which is scheduled to be completed no later than the end of the second quarter next year. (Jiemian News)

Visa's adjusted net profit in Q3 hits $6.3 billion, beating expectations, up 7.9% year over year

Visa announced on July 28 local time that its net revenue in the third quarter was $11.63 billion, up 14% year over year, beating the estimate of $11.4 billion; the adjusted net profit was $6.30 billion, up 7.9% year over year, beating the estimate of $6.15 billion; the adjusted earnings per share was $3.32, compared with $2.98 in the same period of the previous year and the estimated $3.23. (Jiemian News)

Western Mining: Net profit in the first half of the year hits 4.169 billion yuan, up 123% year on year

36Kr has learned that Western Mining released its 2026 semi-annual performance express. During the reporting period, it realized operating revenue of 39.443 billion yuan, with a year-on-year increase of 25%; the net profit attributable to shareholders of the listed company reached 4.169 billion yuan, rising 123% year on year.

Meibang Co., Ltd.: Net profit in the first half of the year reached 51.0674 million yuan, a year-on-year increase of 41.32%

36Kr has learned that Meibang Co., Ltd. disclosed its semi-annual report. The company achieved operating revenue of 555 million yuan in the first half of the year, up 14.34% year on year; the net profit attributable to shareholders of the listed company was 51.0674 million yuan, a year-on-year increase of 41.32%; the basic earnings per share was 0.38 yuan.

People of our age who said goodbye in advance

As we grow up, we gradually find that death is no longer something that only belongs to elders and people of far older ages. Among the peers who were supposed to step into adulthood, strive for life and grow old together, some stopped in their twenties or thirties and failed to finish the rest of their lives.

As the Zhongyuan Festival is approaching, we want to collect all the trivial, real and unforgettable memories of you about the passing of your peers. If you are willing, can you introduce him or her to us? What kind of stories did you have together? Do you still remember the last time you met? All your regrets, astonishment and longing can be fully expressed here. You are welcome to scan the QR code below to participate in our collection activity.

Scan the code to participate in the collection

Compiled | Putao