36Kr 9 AM Daily Briefing: Apple Foldable Device Average Selling Price to Hit 17,000 Yuan, Konka Plans Voluntary Delisting After 20B Yuan 4-Year Total Loss, Global Billionaires Count Reaches Record 3,795

When unfolded, it transforms into a tablet, and when folded, it can slip right into your pocket.

Today's Hotspot Guide

National Development and Reform Commission: Starting from 24:00 on August 28, the prices of domestic gasoline and diesel (standard products) will be raised by 375 yuan and 360 yuan per ton respectively

Alibaba's Wu Yongming has been selected into the TIME 100 Most Influential People in AI list, and he and Li Feifei are the only two Chinese faces featured on the cover

Anthropic's first AI tool that operates in the physical world is released

Bill Gates: China and the United States need to cooperate to address AI risks

miHoYo Legal Department: The infringer who fabricated false information about miHoYo's "outsourcing discrimination" has been subject to compulsory measures in accordance with the law

Sun Yuchen responds to Jing Tian's post on Weibo

TOP3 Major News

The average selling price of Apple's foldable device may reach 17,000 yuan, with shipment volume at the 10-million-unit level

Apple's autumn new product launch event has been scheduled for September 9 (the early morning of September 10, Beijing time). New CEO John Ternus is expected to make his debut alongside Apple's first foldable-screen iPhone. This device, which may be named iPhone Ultra, is expected to deliver practical performance similar to the iPad mini: it can transform into a tablet form when unfolded, and fit into a pocket when folded.

Combining leaks and forecasts from multiple sources including MacRumors, 9to5Mac, and AppleInsider, the iPhone Ultra will become the most expensive iPhone in Apple's history, with shipment volume at the 10-million-unit level. The starting price of the 256GB version of the iPhone Ultra is estimated to be around 1999 US dollars. IDC analysts predict that the average selling price of this phone may reach 2500 US dollars (equivalent to about 17,000 yuan), and the price of versions with larger storage capacity may even be as high as 3000 US dollars (equivalent to about 20,000 yuan). (The starting price of the 256GB version of the iPhone Ultra is estimated to be around 1999 US dollars. IDC analysts predict that the average selling price of this phone may reach 2500 US dollars (equivalent to about 17,000 yuan), and the price of versions with larger storage capacity may even be as high as 3000 US dollars (equivalent to about 20,000 yuan). (Securities Times))

Four years of cumulative losses total around 20 billion yuan, Konka plans to voluntarily delist

On the evening of August 27, *ST Konka A, which has been listed for 34 years and was once hailed as "the first domestic color TV stock", released a major announcement. The company's board of directors has reviewed and approved the voluntary delisting plan, intending to withdraw the listing and trading of its A-shares and B-shares on the Shenzhen Stock Exchange. After delisting, the shares will be transferred for listing and trading on the delisting sector of the National Equities Exchange and Quotations System. The news quickly sparked heated discussions in the capital market, the home appliance industry and among the majority of shareholders. Many netizens lamented the end of the national brand of their childhood, while a large number of investors holding positions are directly facing the problem of shrinking assets. (Cover News)

Latest Wealth Report: The Number of Global Billionaires Hits a Record High of 3795

The wealth of global billionaires has reached an unprecedented level, and they are investing their capital in various purposes: acquiring sports teams, funding philanthropic causes, and building platforms with greater influence. The latest data from wealth intelligence institution Altrata shows that the number of global billionaires hit a historical high in 2025, reaching 3795. Their total wealth surged by 12.8% to a record 15.1 trillion US dollars, which is nearly a quarter of the total market value of S&P 500 constituent stocks. (Sina Finance)

AI Cutting-Edge

Anthropic's first AI tool that operates in the physical world is released

Anthropic announced that it will soon launch the AI tool "Model Hardware Standard" (MHS) specially designed for the physical world, which enables AI to autonomously operate various programmable scientific research and manufacturing equipment. This tool can shorten the hardware integration time from weeks or even months to hours or even minutes, and support 24-hour autonomous experiment operation. (Sina Finance)

Hark has reached a multi-year strategic cooperation with NVIDIA, and will adopt the Vera Rubin platform to promote personalized AI

On August 27, the U.S. artificial intelligence startup Hark announced that it has entered into a multi-year strategic partnership with NVIDIA. The two parties will carry out technical cooperation around personalized agent AI, and deploy gigawatt-level computing power based on NVIDIA's next-generation Vera Rubin platform. (Jiemian News)

OpenAI releases an open letter calling for cybersecurity defense actions

On August 27 local time, OpenAI released an open letter calling for global efforts to strengthen cybersecurity defense, which was jointly signed by more than 100 organizations including Anthropic, AWS, Google, Microsoft, OpenAI and Oracle. The company said, "As the capabilities of models around the world continue to improve, cyberattacks launched with the help of artificial intelligence will become increasingly widespread and complex." (Jiemian News)

Meta estimates that its annual spending on Anthropic AI could reach up to 10 billion U.S. dollars

It is reported that Meta once made an internal prediction earlier this year that the company may invest as high as 10 billion U.S. dollars each year on Anthropic's AI models. (CLS)

Bill Gates: China and the US Need to Cooperate to Address AI Risks

Microsoft founder Bill Gates wrote in an article on the 26th that the rapid development of artificial intelligence (AI) brings about fairness issues, which will either become the most powerful "equalizer" ever or the source of the most serious injustice. To solve the social problems brought by AI, the United States and China need to conduct cooperation. In this 6000-word article, Gates combined his experiences at Microsoft and the Gates Foundation to share the two sides of AI — it not only brings huge opportunities, but also hides multiple underlying risks. He said that AI already has amazing capabilities and is evolving at an incredible speed, and for the first time it can replace or even surpass human cognitive capabilities. "The transition to the new era of AI will also become one of the most turbulent periods in human history." (Global Network)

Big Companies / Major Events

Documents show that SHEIN raises USD 1.7 billion via Hong Kong stock IPO

According to the documents, SHEIN raised USD 1.7 billion through its Hong Kong stock IPO, issuing approximately 280 million shares at the price of HK$48.56 per share. (CLS)

Sun Yuchen's Response to Jing Tian's Weibo

On the evening of August 27, Sun Yuchen published a long article titled *My Girlfriend Jing Tian* on social platforms. At 8 a.m. on August 28, Jing Tian responded via her personal Weibo: "I will never sell my love for money, nor will I sell my soul, no matter in the past, present or future. I still believe in love, I still have poor judgment in choosing partners, and I still lack sufficient wisdom. But I believe in the law, believe in kindness, and believe that justice and fairness will eventually prevail. Time will prove everything."

Sun Yuchen responded via Time Weekly: "I haven't seen this content yet, because there is a very important industry event in Hong Kong these days and my schedule is fully packed. I hope to take this opportunity to communicate with peers to promote the development of the entire industry. I think the rest of the matters will be left to the law and lawyers to handle, which may take some time. I have already expressed a lot of my inner feelings, and I will not think too much about this matter anymore." (Time Weekly)

miHoYo Legal Department: Infringer who fabricated false information about "outsourcing discrimination" at miHoYo has been legally subject to compulsory measures

On July 26, 2026, a chat screenshot of unknown origin that had been dormant for several months suddenly spread rapidly on a social platform, with content focusing on "formaldehyde safety" and "outsourcing discrimination". A few hours later, an account named "Wang Daxiong" appeared in the comment section and left a message: "Everyone knows about miHoYo's new campus", implying that he was an insider working in the same campus, claiming that the company that had workplace discrimination against outsourced personnel during the formaldehyde test shown in the screenshot was miHoYo, and forcibly associated the "new Shanghai office of a certain company" with miHoYo's Beiyang new campus.

On August 28, the Legal Department of miHoYo issued a statement saying that after verification, the aforementioned screenshot has no connection with miHoYo in either content or form. A person surnamed Wang, an employee of a game enterprise suspected to be in the same campus, fabricated and spread the aforementioned false information without any factual basis, causing serious damage to the company's reputation. The company's legal department completed evidence preservation as soon as possible and immediately reported the case to the public security organ. The public security organ filed the case for investigation as a case of picking quarrels and provoking troubles, and the infringer Wang *xiong has been legally subject to compulsory measures. (JIEMIAN News)

Eddie Wu, CEO of Alibaba, is selected into the TIME100 AI list, and is one of the only two Chinese faces on the cover alongside Fei-Fei Li

On the evening of August 27, Time Magazine unveiled the 2026 list of the 100 most influential figures in the global AI sector (TIME100 AI 2026). Eddie Wu, CEO of Alibaba Group, was selected in the "AI Leaders" category for leading Alibaba to become a global leader in AI open source, and stood in the center of the magazine cover as a "highlighted figure" together with Elon Musk, CEO of SpaceX, Jeff Bezos, founder of Amazon, Sam Altman, co-founder of OpenAI and other celebrities.

Time Magazine noted in its comment: "Since Jack Ma founded the company in 1999, Alibaba has kept redefining its own role, evolving from an online trading platform, an electronic payment platform to a logistics innovator. Now, under the leadership of CEO Eddie Wu, the company is going through its most significant transformation — growing into a global leader in open source AI." (The Cover News)

Report: Gu Qi, Head of Meituan LongCat General Agent Team, is leaving to launch his own startup

According to sources, Gu Qi, Principal Researcher of Meituan LongCat Team and head of the General Agent Team, is about to leave his position. Gu Qi will start a business in the multimodal model sector and is currently in contact with VCs. Public information shows that Gu Qi is a core contributor to the LongCat series of models and the person in charge of the LongCat-Flash-Thinking-2601 model. He graduated from the Department of Mathematical Sciences, Tsinghua University. Before joining Meituan, he worked as a researcher in the Seed-LLM-Code team of ByteDance and Ant Group. (Sina Finance)

Xu Zhijun, Rotating Chairman of Huawei: The HarmonyOS ecosystem is expected to exceed 100 million users by the end of this year

At the HarmonyOS Ecosystem Conference 2026, Xu Zhijun, Rotating Chairman of Huawei, stated that the number of native HarmonyOS applications has exceeded 100,000 for the moment, and more than 400,000 applications are accessible on HarmonyOS smartphones. As of August 20, the number of terminal devices equipped with HarmonyOS 6 has exceeded 80 million units, and it is projected to surpass 100 million users in the fourth quarter of this year. This indicates that the HarmonyOS ecosystem will cross the critical scale threshold of 100 million users by the end of this year and enter a new stage of growth. (CLS)

Three authorities: Implement the policy of "Deliver the residence and issue the property right certificate at the same time"

36Kr has learned that the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the State Administration of Financial Regulation have released a notice on improving the commercial housing sales system. The notice requires the implementation of the "deliver the residence and issue the property right certificate at the same time" policy. Before the sale of existing completed housing, the initial registration of the house shall generally be completed. The procedures of links involved in commercial housing sales, including online signing of sales contracts, real estate registration, and mortgage loan processing, shall be optimized, work coordination shall be strengthened, to promote home buyers to obtain the real estate ownership certificate synchronously when the commercial housing is delivered.

Apple Inc.: The iCloud Guizhou Project is developing soundly, and it will continue to invest in Guizhou to deeply cultivate the digital economy

Li Bingjun, Deputy Secretary of the Guizhou Provincial Party Committee and Governor, met with Isabel Ge Mahe, Vice President of Apple Inc. of the United States and Managing Director of Greater China, and her delegation attending the 2026 China International Big Data Industry Expo. Li Bingjun expressed the hope that Apple Inc. will further expand its investment and business layout in Guizhou, continuously consolidate the solid foundation of existing cooperation, and strive for more pragmatic cooperation outcomes. Guizhou will deliver high-quality services for the development of all foreign-funded enterprises in the province, including Apple Inc. Isabel Ge Mahe noted that Apple's iCloud project has maintained sustained and sound development since its launch in Guizhou. Apple is willing to keep investing in Guizhou, make deep efforts in the development of the digital economy, and provide world-class services for Chinese users. (Securities Times)

Data from Germany's disease control agency shows that around 15,800 people have died from high temperatures in Germany this year, hitting the highest level in 10 years

Deutsche Presse-Agentur cited data released by the Robert Koch Institute on the 27th and reported that as of mid-August, around 15,800 people in Germany died from high temperatures, among whom 9,600 died due to the extreme heat at the end of June, and another 4,000 died in the heatwave during the first two weeks of August. The report points out that over the past 10 years, the other two years with a large number of heat-related deaths in Germany were 2018 and 2019, with 9,500 and 7,600 deaths respectively.

The vast majority of the deceased this year are elderly people, and people aged 85 and above account for more than half of the total. The number of female deceased is higher than that of male deceased, and the agency explained that this is because women account for a larger proportion of the elderly population in Germany. The Robert Koch Institute said that this year's death toll is a conservative estimate, and the actual number may be higher. Some deaths are directly related to high temperatures, such as heat stroke; most deaths are caused by the combined effect of high temperatures and underlying diseases. (Xinhuanet)

Google will pay £260 million to reach a settlement over the class action lawsuit filed by app developers

On local time August 27, it is reported that Google has agreed to pay 260 million pounds (about 354 million US dollars) to settle a UK class action lawsuit. The lawsuit accuses the US company of abusing its dominant market position to charge excessive commissions from app developers. According to the statements released by the plaintiffs and their lawyers, the Competition Appeal Court will hold a hearing in September to review whether to approve the settlement agreement. The report states that UK-registered app developers who sold digital content through apps distributed via the Play Store since August 2018 and have not opted out are eligible for potential compensation. (Jiemian News)

Alphabet's market value has evaporated by more than 700 billion U.S. dollars, as investors cast doubts on its artificial intelligence business advantages

For most of the past year, Alphabet Inc. has been one of the best-performing large-cap tech stocks, with investors betting that it will be one of the biggest winners in the artificial intelligence boom. Its share price rose by more than 150% cumulatively in the 12 months ending on May 13, hitting an all-time high on that day, ranking among the top 25 best-performing S&P 500 constituent stocks in the same period, far outperforming the other "Big Seven Tech Giants". But the momentum has reversed since then. The market has grown concerned about the brain drain at the Google parent company, and questioned whether it is losing its leading edge in the AI field. Alphabet's share price has fallen by about 15% from its peak, with its market value eroding by more than 700 billion U.S. dollars, making it the individual stock that has dragged down the S&P 500 index the most during this period. (Sina Finance)

US Federal Trade Commission is reportedly launching an investigation into YouTube over user account bans

On local time August 27, according to reports from people with knowledge of the matter, the US Federal Trade Commission (FTC) has been investigating whether YouTube, a subsidiary of Alphabet, violated consumer protection laws by banning user accounts since last year, and the investigation is currently at the final stage of preparing for potential litigation. Insiders said this investigation focuses on reviewing whether the platform violated its user policies when banning accounts or reducing content exposure. The investigation is examining whether users may have registered for the service misled by the company's content policies, believing that they are allowed to publish certain content, only to have the content deleted later or their accounts banned. The report says it is still unclear which accounts are covered by the agency's investigation. YouTube has not been accused of any improper conduct, and the investigation may also end without taking any law enforcement actions. (Jiemian News)

EU Implements New Packaging Regulations, Small and Micro Enterprises Are Facing Great Grievances

"A wave of discontent is sweeping the small and micro enterprise groups across the European Union." Since the EU's Regulation on Packaging and Packaging Waste (PPWR) took partial effect on August 12, it has encountered increasingly fierce criticism from European small and micro business owners, who state that this new packaging rule has brought a disproportionate heavy burden to them. According to a report from Euractiv on the 26th, Roberta Metsola, President of the European Parliament, admitted on the same day that this new packaging regulation has imposed a "rigid and counterproductive" burden on small and medium-sized enterprises. (Huanqiu.com)

US Federal Government Barred From Blacklisting AI Firm Anthropic by Court Ruling

A judge of the U.S. District Court for the Northern District of California ruled on August 27 local time that the U.S. Department of Defense's act of adding the American artificial intelligence (AI) enterprise Anthropic to the blacklist is illegal. Judge Rita Lin wrote in the ruling: "The undisputed factual record shows that the actions of the U.S. Department of Defense constitute a violation of the First and Fifth Amendments to the Constitution. The factual record further demonstrates that there is no substantial dispute that U.S. Secretary of Defense Hegseth's decision to designate Anthropic as a 'supply chain risk' violates the relevant statutory framework... and is arbitrary and capricious." (CCTV News)

Shenzhou 23 astronaut crew successfully completes extravehicular activity

According to the China Manned Space Engineering Office, at 13:59 Beijing Time on August 28, 2026, after around 5.5 hours of extravehicular operations, Shenzhou 23 crew members Zhu Yangzhu, Zhang Zhiyuan and Li Jiaying worked in close collaboration. With the support of the space station's robotic arm and ground scientific researchers, they completed tasks including extravehicular maintenance of solar wings and installation of space debris protection devices. The extravehicular astronauts Zhu Yangzhu and Zhang Zhiyuan have safely returned to the Tianhe Core Module, marking the full success of the extravehicular activity. Astronaut Zhu Yangzhu took a spacewalk in outer space again three years later, and astronaut Zhang Zhiyuan performed his first extravehicular mission. (CCTV News)

36Kr learned that according to the National Development and Reform Commission, since the domestic refined oil price adjustment on August 14, crude oil prices in the international market have operated in a fluctuating trend, and the average price in the 10 working days before this price adjustment is higher than the average price in the 10 working days before the previous price adjustment. In accordance with the changes of oil prices in the international market, starting from 24:00 on August 28, the prices of domestic gasoline and diesel (standard products) will be raised by 375 yuan and 360 yuan per ton respectively.

Nasdaq closed down 0.5%, chip stocks weakened, Nvidia fell more than 4%

The three major U.S. stock indexes closed lower collectively. The Dow fell 0.02%, the Nasdaq fell 0.52%, and the S&P 500 index fell 0.25%. For this week, the Dow posted a cumulative gain of 0.53%, the Nasdaq rose 0.85% cumulatively, and the S&P 500 index recorded a 0.49% cumulative increase. Most of the "Magnificent Seven Tech Giants" went up: Amazon rose 3.97%, Microsoft rose 1.68%, Apple rose 1.63%, Google rose 1.53%, Meta rose 1.21%, Tesla fell 1.71%, and Nvidia fell 4.57%. Chip stocks weakened, the Philadelphia Semiconductor Index fell 3.47%, ARM dropped more than 6%, Applied Materials and Cerebras Systems fell more than 4%, while Intel, TSMC, AMD, ASML and Seagate Technology fell more than 2%. (Jiemian News)

Toyota Demands Suppliers Cut Prices

Sources say Toyota announced on the 27th that it requires component suppliers to reduce raw material costs and lower their product prices. However, Toyota stated that this move is not a one-size-fits-all policy, and separate negotiations will be carried out based on specific situations. Toyota China responded on the 28th that the above matter is targeted at the situation in Japan and has nothing to do with China. (Yicai Global)

Investment and Financing

"Popi AI" Completes Seed Round Financing

36Kr has learned that recently, AI content startup "Popi AI" has closed its seed round financing, with the investor of this round being Pudong AI Seed Fund. The company had previously obtained tens of millions of yuan in financing from Baidu Ventures. After this round of financing, Popi AI will continue to promote the construction of Creator Agent, Popi.MCN and its own IP matrix, and further improve the AI content production, operation and commercialization system.

"Shunyuan Technology" Completes Two Rounds of Financing Totaling Tens of Millions of Yuan

36Kr has learned that Shunyuan Technology announced the completion of its second round of financing worth tens of millions of RMB. The lead investor is the Social Security Fund Zhongguancun Independent Innovation Special Fund (managed by Legend Capital), with Deep Snow Capital and Yunqi Capital participating in the follow-on investment. After the completion of this round of financing, Shunyuan Technology will recruit outstanding talents across the globe to expand its technological advantages, and launch the overseas market layout at the same time. It is known that in early June, Shunyuan Technology completed its first round of financing of tens of millions of yuan, led by Loongson Ventures, with Oufang Angel and the Social Security Fund Zhongguancun Independent Innovation Special Fund participating in the follow-on investment.

IPO in Progress

Anthropic is reportedly set to unveil its prospectus in as early as 10 days, with its IPO entering the final sprint phase

According to people familiar with the matter, Anthropic plans to release its IPO prospectus after the U.S. Labor Day (September 7), and may list in the United States in late September or early October. The company intends to allow existing shareholders to sell shares in the IPO, and the lock-up period for some shareholders may exceed 180 days, which will reduce the post-IPO sell-off pressure. It remains unclear what proportion of the shares in Anthropic's upcoming IPO are newly issued shares and shares sold by existing shareholders. However, reports indicate that Anthropic hopes to raise at least 130 billion U.S. dollars in the IPO to expand its computing power, which will exceed the amount raised by SpaceX that went public in June, which raised 860 billion U.S. dollars at that time. (CLS)

Shanghai Dramastar Media Co., Ltd. Submits Listing Application to HKEX

36Kr learned from the documents of the Hong Kong Stock Exchange that Shanghai Dramastar Media Co., Ltd. has submitted a listing application to HKEX, with SPDB International as its exclusive sponsor.

Financial Reports of Large Enterprises

CXMT: Operating revenue in the first half of the year reached 150.31 billion yuan, up 873.64% year-on-year

36Kr learned that Changxin Technology disclosed its semi-annual report. In the first half of 2026, the company achieved operating revenue of 150.31 billion yuan, representing a year-on-year increase of 873.64%; its net profit hit 77.605 billion yuan, turning from a loss of 2.332 billion yuan in the same period of the previous year to profitability.

Meituan: Revenue reached 104.6 billion yuan in the second quarter, up 14.4% year on year

36 Kr has learned that Meituan disclosed its 2026 second-quarter and semi-annual performance report. In the second quarter, Meituan realized revenue of 104.6 billion yuan, up 14.4% year on year. As industry competition becomes more rational, coupled with the peak season effect in the second quarter, all the company's businesses have resumed steady growth, and operating profit turned positive from negative on a quarter-on-quarter basis. In the second quarter, Meituan continued to strengthen the development of AI capabilities. The company's quarterly R&D investment increased by 22.5% year on year to 7.7 billion yuan, accounting for 7.3% of the total revenue.

Agricultural Bank of China: Operating revenue in the first half of the year reached 411.122 billion yuan, up 11.18% year on year

36Kr learned that Agricultural Bank of China disclosed its semi-annual report. In the first half of 2026, the company realized operating revenue of 411.122 billion yuan, representing a year-on-year increase of 11.18%; its net interest income was 312.244 billion yuan, up 10.54% year on year; the net profit attributable to shareholders of the parent company was 146.381 billion yuan, with a year-on-year growth of 4.93%; the basic earnings per share stood at 0.4 yuan.

TCL Technology: Net profit in the first half of the year reaches 38.08 billion yuan, growing 102.19% year on year

36Kr learned that TCL Technology disclosed its semi-annual report. In the first half of 2026, the company recorded operating revenue of 88.648 billion yuan, a 3.61% year-on-year increase; net profit attributable to shareholders of the listed company was 38.08 billion yuan, up 102.19% year on year; basic earnings per share stood at 0.1861 yuan.

BlueFocus: Net profit in the first half of the year reaches 211 million yuan, up 119.28% year on year

36Kr learned that BlueFocus has disclosed its semi-annual report. In the first half of 2026, the company realized operating revenue of 34.562 billion yuan, a year-on-year increase of 6.80%; the net profit attributable to shareholders of the listed company was 211 million yuan, up 119.28% year on year; the basic earnings per share was 0.059 yuan.

Yunnan Baiyao: Net profit in the first half of the year reached 3.701 billion yuan, up 1.88% year on year

36Kr has learned that Yunnan Baiyao disclosed its semi-annual report. In the first half of 2026, the company realized operating revenue of 21.884 billion yuan, up 2.95% year on year; the net profit attributable to shareholders of the listed company was 3.701 billion yuan, up 1.88% year on year; the basic earnings per share was 2.07 yuan.

CICC: Net profit in the first half of the year reached 8.199 billion yuan, up 89.35% year on year

36 Kr learned that CICC has disclosed its semi-annual report. In the first half of 2026, the company achieved an operating revenue of 19.302 billion yuan, with a year-on-year increase of 50.47%; the net profit attributable to shareholders of the parent company was 8.199 billion yuan, up 89.35% year on year.

Suning.com: Net profit attributable to owners of the parent in the first half of the year reaches 127 million yuan, up 161.41% year-on-year

36Kr has learned that Suning.com released its 2026 semi-annual report. In the first half of the year, the company realized a net profit of 127 million yuan attributable to shareholders of listed companies, a year-on-year increase of 161.41%; the net cash flow generated from operating activities was 1.621 billion yuan, up 8.75% year-on-year.

Wuliangye: Net profit in the first half of the year reaches 8.753 billion yuan, representing a year-on-year increase of 89.3%

36Kr has learned that Wuliangye disclosed its semi-annual report. In the first half of 2026, the company realized operating revenue of 28.417 billion yuan, up 20.87% year on year; the net profit attributable to shareholders of the listed company reached 8.753 billion yuan, growing 89.3% year on year.

BOE A: Net profit in the first half of the year hits 52.48 billion yuan, representing a year-on-year increase of 61.62%

36Kr has learned that BOE A has disclosed its semi-annual report. In the first half of 2026, the company realized an operating revenue of 103.132 billion yuan, up 1.83% year on year; the net profit attributable to shareholders of the listed company stood at 52.48 billion yuan, growing 61.62% year on year; the basic earnings per share was 0.14 yuan.

MINISO: Total revenue in the first half of the year reached 11.5 billion yuan, up 22.4% year on year

36Kr has learned that MINISO disclosed its semi-annual report. In the first half of 2026, the group's total revenue was 11.5 billion yuan, a year-on-year increase of 22.4%; its gross profit margin was 44.3%, net profit was 960 million yuan, up 5.6% year on year, and adjusted net profit (Non-IFRS) was 1.22 billion yuan. The revenue of the MINISO brand was 10.51 billion yuan, up 21.6% year on year; among which, the revenue in Chinese mainland was 6.45 billion yuan, a year-on-year increase of 26.2%, hitting the fastest growth rate in the same period in the past three years.

Compiled by | Li Qi

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