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Xin Yuan Micro’s revenue in the first half of the year increased by more than 20%, but net profit declined as the semiconductor equipment investment period continues.

Xin Yuan Micro’s revenue in the first half of the year increased by more than 20%, but net profit declined as the semiconductor equipment investment period continues.

``` On August 25, Xinyuan Micro disclosed its 2026 semi-annual report. During the reporting period, the company achieved operating income of 897 million yuan, up 26.47% year-on-year; net profit attributable to shareholders of the listed company was 8.0622 million yuan, down 49.37% year-on-year; net profit after deducting non-recurring
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Third-party fund distribution agencies are being cleared out at an accelerated pace; what was once a "golden license" is now as plain as water.

Third-party fund distribution agencies are being cleared out at an accelerated pace; what was once a "golden license" is now as plain as water.

Small and medium-sized institutions in the fund distribution industry are experiencing a faster pace of market exit. Recently, Invesco Great Wall, Hui Tian Fu, China Asset Management, and Pu Yin Fund issued announcements, successively terminating their fund sales business cooperation with Pu Ling Fund Sales Co., Ltd. (hereinafter referred to