泰國財政部：將考慮對黃金交易和黃金進口徵稅。

Liqi Intelligent said in its Aug. 23 semiannual report 1H2026 revenue was 1.278 bln yuan, up 7.46% YoY, while net profit attributable to shareholders was 118 mln yuan, down 21.13% YoY; basic EPS was 0.30 yuan. The company proposes a cash dividend of 1.5 yuan per 10 shares (tax included). Management said system products have long delivery-to-acceptance cycles and revenue recognized in the period came mainly from system orders signed earlier during a downturn and weak recovery in the lithium battery sector; those orders carried relatively low gross margins, contributing to revenue growth but lower net profit. New orders in 1H were about 1.8 bln yuan and backlog exceeded 6.4 bln yuan at the period end.

JP Morgan says Q2 AI company revenues beat expectations and the economic sustainability of the AI capex cycle has improved versus six months ago. Its internal credit research projects $5.5 tln of AI-related capex in 2026–2030; external estimates reach up to $10 tln. At the midpoint (~$7.5 tln), JP Morgan models combined revenue for AI cloud, model providers and new neocloud services at $1.6 tln by end-2026; with 10–20% annual growth thereafter, 2030 revenue would be $2.5–3.0 tln. Demand is concentrated in enterprises: large firms’ AI spend as a share of total opex+capex is expected to rise from 4.5% over the past 12 months to 5.8% over the next 12 months — against roughly $30 tln of global large-enterprise opex+capex this implies about $1.7 tln of AI spend. JP Morgan says the bearish claim that AI infrastructure far exceeds monetization capacity has weakened, but margins, depreciation, utilization, pricing power and intra-supply-chain returns still require validation. (JP Morgan report, Aug. 20)