The order backlog is robust, and multiple sectors are signaling high growth potential.

The disclosure of A-share companies' semiannual reports for 2026 has entered a peak period, with "orders on hand" becoming the core indicator for gauging industry prosperity. Sumec's shipbuilding production tasks extend to 2030, while Zhongji Xuchuang's optical module orders will be fulfilled by 2027. Xingyun Technology's long-term framework orders for computing power and storage have exceeded 15.4 billion yuan... A series of impressive order data demonstrates the resilience and solid strength of China's manufacturing and technology industries. Looking at the disclosed order information, three clear trends emerge: substantial orders in high-end manufacturing for ships, cables, and laser equipment lay a solid foundation for future performance growth; industries such as innovative pharmaceuticals and optical modules are reaping the benefits of global expansion driven by technological upgrades; the semiconductor equipment and computing power services sectors continue to convert their technological iteration advantages into tangible order increases.