Index Rebalance

CSI 300 Index Earning Revision (Jul): ZHONGJI INNOLIGHT, GUANGZHOU AUTOMOBILE, INDUSTRIAL BANK

31 Jul 2026 By Ke Yan, CFA
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Abstract: We analyzed the earnings revisions of CSI 300 component stocks for July 2026, estimating the index's 2026E EPS fell to 279.8 from 305.9 in June, a decline of 8.5% month on month, with 69 stocks revised up versus 92 revised down. The CSI 300 index itself declined 7.9% over the month, from 4,979 to 4,588, and individual stock EPS revisions contributed ¥0.772 to the index EPS change. The largest negative contributors by index EPS impact were PING AN INSURANCE (601318 CH, delta index EPS -¥2.8) and ZIJIN MINING (601899 CH, -¥2.7), while ZHONGJI INNOLIGHT (300308 CH, +¥2.0) and GIGADEVICE SEMICONDUCTOR (603986 CH, +¥1.7) were the top positive contributors. On a stock EPS revision basis, GUANGZHOU AUTOMOBILE (601238 CH) and Longi Green (601012 CH) led upgrades at +110% and +102% respectively, while SERES (601127 CH) and CHONGQING ZHIFEI BIOLOGICAL PRODUCTS (300122 CH) saw the steepest cuts at -86.8% and -83.1%.

ZHONGJI INNOLIGHT (300308 CH) RONGSHENG PETRO CHEMICAL (002493 CH) GUANGZHOU AUTOMOBILE (601238 CH) CHINA VANKE (000002 CH) CHONGQING ZHIFEI BIOLOGICAL PRODUCTS (300122 CH) CHONGQING CHANGAN AUTOMOBILE (000625 CH)

Highlighted Stocks

ZHONGJI INNOLIGHT, RONGSHENG PETRO CHEMICAL, GUANGZHOU AUTOMOBILE, CHINA VANKE, CHONGQING ZHIFEI BIOLOGICAL PRODUCTS, CHONGQING CHANGAN AUTOMOBILE

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