Guangdong Shaoneng Group Co Ltd

On the evening of October 9, multiple A-share listed companies released positive earnings forecasts for the first three quarters of 2026. China Jushi expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 5.136 billion yuan and 5.393 billion yuan, an increase of 100% to 110% year on year. The company said demand increased in major downstream application areas for fiberglass, with both product volume and prices rising. Shaoneng Group expects net profit of 278 million yuan to 302 million yuan, an increase of 61.12% to 75.03% year on year, as operating results in clean renewable energy and precision intelligent manufacturing grew year on year, and the papermaking business significantly narrowed losses. Hongfuhan expects net profit of 170 million yuan to 200 million yuan, an increase of 108.19% to 144.93% year on year, with the liquid cooling plate cabinet module business completing mass production delivery and becoming the core growth driver. Kinwong Electronic expects net profit attributable to owners of the parent company for the third quarter of 2026 to be between 912 million yuan and 1.089 billion yuan, an increase of 205.46% to 264.74% year on year and 147.20% to 195.18% quarter on quarter, benefiting from accelerated mass production and shipment of high-performance PCBs in high-speed communications and AI data infrastructure. Guanghe Technology expects net profit for the first three quarters of 1.45 billion yuan to 1.5 billion yuan, an increase of 100.33% to 107.23% year on year, and non-GAAP net profit of 1.42 billion yuan to 1.47 billion yuan, an increase of 101.84% to 108.94% year on year. The company focuses on the computing power PCB market for general-purpose servers, AI servers, switching products, and accelerator cards. Guanghe Thailand completed core customer certification and gradually released production capacity, achieving profitability during the reporting period.

Shaoneng Shares announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 278 million yuan and 302 million yuan, an increase of 61.12% to 75.03% year on year. The company said that during the reporting period, its clean and renewable energy business achieved a substantial year-on-year increase in operating results through various measures to increase revenue and reduce expenditure; its precision intelligent manufacturing business achieved year-on-year growth in operating results by focusing on production and operations; and its papermaking business achieved a significant year-on-year reduction in losses by focusing on production and operations. Based on this calculation, the company's net profit for the third quarter is expected to be between 110 million yuan and 134 million yuan, while net profit for the second quarter was 158 million yuan, meaning third-quarter net profit is expected to decline by 15% to 30% quarter on quarter.

Shaoneng Shares released its 2026 interim report, with net profit attributable to the parent company of 168 million yuan, up 75.64% from the same period last year. Total operating revenue was 2.516 billion yuan, up 7.75% year on year, marking a second consecutive year of growth. Net cash inflow from operating activities was 362 million yuan, up 438.00% year on year. The company's latest asset-liability ratio was 65.58%, gross margin was 19.14%, return on equity was 3.97%, and diluted earnings per share was 0.16 yuan.

Shaoneng Shares released its 2026 semi-annual report, with net profit attributable to shareholders of the listed company at 168 million yuan, up 75.64% year on year. The company achieved operating revenue of 2.516 billion yuan in the same period, up 7.75% year on year. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital.