Fangzheng Motor reported 1H revenue of 1.717 bln yuan, up 35.77% YoY, and net profit attributable to parent company shareholders of 24.38 mln yuan versus a 7.20 mln yuan loss a year earlier. Results were driven by higher sales of drive motors and automotive electronics.

CITIC Securities research says the global semiconductor equipment upcycle remains intact and flags Chinese suppliers’ overseas expansion. SEMI updated its outlook, forecasting sustained growth through 2026–28: global semiconductor manufacturing equipment sales are forecast at $165.9bn in 2026 (+23.2% YoY) and could reach a record $229.5bn by 2028, marking five consecutive years of growth. The industry is experiencing a rare, full-chain price upswing across equipment components, with pricing power structurally shifting from chips to equipment and parts. Component vendors, typically smaller with high fixed costs, should see price rises flow rapidly to margins, while capacity expansion lead times of 12–18 months leave supply relatively inelastic.

美国总统特朗普：我们对加拿大没有关税。