Hubei Dinglong Chemical

Dinglong Shares announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 840 million and 860 million yuan, a year-on-year increase of 61.72% to 65.57%. The change in performance is mainly due to the high prosperity of the downstream semiconductor and new energy lithium battery industries as well as an increase in market share. The company's product orders achieved relatively rapid growth, and sales revenue of core products such as CMP polishing pads, polishing liquids and cleaning liquids, and functional auxiliary materials for new energy lithium batteries all increased significantly year-on-year. Among them, the company's net profit for the third quarter is expected to be between 311 million and 331 million yuan, while net profit for the second quarter was 278 million yuan. Based on this calculation, net profit for the third quarter is expected to increase by 11% to 18% quarter-on-quarter.

On October 8, several more A-share companies disclosed earnings forecasts for the first three quarters of 2026. Dongyue Silicone Materials expects attributable net profit of 547 million to 567 million yuan, up 19,050 percent to 19,750 percent year on year, the highest growth among this batch of companies. Guanghui Energy expects attributable net profit of 2.70 billion to 2.80 billion yuan, up 166.83 percent to 176.71 percent year on year. Xingyun Technology expects attributable net profit of 240 million to 290 million yuan, turning from a loss to a profit year on year, mainly benefiting from strong demand for AI computing infrastructure and explosive growth in server sales. Yangjie Technology expects attributable net profit of 1.168 billion to 1.363 billion yuan, up 20 percent to 40 percent year on year, with revenue from its automotive and silicon carbide businesses each growing more than 100 percent year on year. Amlogic expects attributable net profit of 1.260 billion to 1.310 billion yuan, up 80.58 percent to 87.74 percent year on year. In addition, Benchuan Intelligent forecasts growth of 190.24 percent to 335.36 percent, Yonghe Shares forecasts growth of 61.96 percent to 83.27 percent, Dinglong shares forecasts growth of 61.72 percent to 65.57 percent, Dalian Heavy Industry forecasts growth of 14.14 percent to 19.24 percent, and Miaoke Lando's earnings flash report shows total operating revenue of 4.866 billion yuan and attributable net profit of 212 million yuan, up 20.37 percent year on year.

Dinglong Shares announced on October 8 that as of September 30, 2026, the company had repurchased 1.39 million shares, accounting for 0.15% of total share capital, with transaction prices ranging from 64.7 yuan to 75.44 yuan per share, and total repurchase funds paid of 96.97 million yuan. In the first half of 2026, Dinglong Shares achieved revenue of 1.925 billion yuan and net profit attributable to the parent of 529 million yuan.

Guanghui Energy expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 2.70 billion yuan and 2.80 billion yuan, up 166.83% to 176.71% year on year. On the same day, several listed companies disclosed earnings forecasts for the first three quarters. Dongyue Silicone Materials expects net profit of 547 million yuan to 567 million yuan, up 19,050% to 19,750% year on year. Ben Chuan Intelligent expects net profit of 96 million yuan to 144 million yuan, up 190.24% to 335.36%. Amlogic expects net profit of 1.26 billion yuan to 1.31 billion yuan, up 80.58% to 87.74%. Dinglong shares expects net profit of 840 million yuan to 860 million yuan, up 61.72% to 65.57%. Yonghe shares expects net profit of 760 million yuan to 860 million yuan, up 61.96% to 83.27%. In company news, Xiongshu Technology is planning to acquire no more than 80% equity in Shenzhen Xinyuan New Materials by cash, with the overall valuation of 100% equity of the target company tentatively set at no more than 800 million yuan. Lianjian Technology plans to acquire equity in Zhejiang Huazhou Intelligent Equipment by cash of no more than 325 million yuan and obtain 51.10% equity through capital increase. The Phase III clinical trial of RAY1225 injection, a Class 1 innovative peptide drug independently developed by Zhongshan Rui Chuang, a holding subsidiary of Zhongsheng Pharmaceutical, in overweight or obese participants has obtained top-line analysis data and met the primary endpoint. In buybacks, Andeli plans to repurchase no less than 120 million yuan and no more than 180 million yuan of company shares, and Huaming Equipment plans to repurchase no less than 150 million yuan and no more than 250 million yuan, both for employee stock ownership plans or equity incentives. On the capital side, trading public information on October 8 showed that Zhongshi Technology received net institutional seat buying of 332 million yuan, accounting for 9.93% of total turnover. OGAWA received net institutional seat buying of 98.4992 million yuan, accounting for 12.62% of total turnover.

Dinglong Shares released its 2026 interim report, with total operating revenue of 1.925 billion yuan, net profit attributable to the parent company of 529 million yuan, and net cash inflow from operating activities of 567 million yuan. The company's latest asset-liability ratio is 38.82%, gross margin is 58.83%, ROE is 9.39%, and diluted earnings per share is 0.56 yuan. Total asset turnover is 0.21 times, down 3.75% year-on-year; inventory turnover is 1.25 times, down 19.05% year-on-year. The number of shareholders is 142,600, and the top ten shareholders hold 40.24% of the total share capital.

Dinglong Shares released its 2026 half-year report. First-half net profit attributable to the parent was 529 million yuan, up 70.2% year on year. Operating revenue was 1.92 billion yuan, up 11.2% year on year. Net profit attributable to the parent after deducting non-recurring items was 485 million yuan, up 65.0% year on year. Net operating cash flow was 567 million yuan, up 29.3% year on year. Second-quarter net profit attributable to the parent was 278 million yuan, up 63.8% year on year. The company made significant progress in semiconductor materials and new energy materials. Sales revenue from CMP polishing materials grew notably. Multiple high-end wafer photoresist products achieved batch delivery. Through the acquisition of Haofei New Materials, the company entered the lithium battery materials market.

Dinglong Shares released its 2026 semi-annual report, achieving operating revenue of 1.925 billion yuan, up 11.15% year on year; net profit attributable to shareholders of the listed company was 529 million yuan, up 70.21% 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. Second-quarter net profit was 278 million yuan, up 10% quarter on quarter.

Mid-year earnings previews from AI supply chain companies continue to roll out. A-share memory leader GigaDevice expects first-half net profit attributable to the parent of approximately 6.9 billion yuan, a year-on-year increase of about 1,099 percent, exceeding full-year forecasts from multiple brokerages. The company said the memory chip industry is experiencing tight supply, with both volume and prices rising, while microcontroller shipments also achieved solid growth. Additionally, fair value gains from securities investments increased significantly. Foxconn Industrial Internet expects first-half net profit attributable to the parent of 23.4 billion to 24.4 billion yuan, up 93 to 101 percent year-on-year, marking the first time half-year net profit has exceeded 20 billion yuan. AI server revenue surged over 230 percent year-on-year. Meanwhile, niche leaders such as Han's CNC, Dinglong, and Allwinner Technology also issued positive previews. However, Feilong Auto's liquid cooling business still accounts for a low share of revenue, and Suzhou Keda's new AI business remains in the investment phase, weighing on performance.

On July 9, the electronic chemicals sector rose 2.03 percent intraday. Shanghai Xinyang gained 9.22 percent, Ruilian New Materials rose 5.80 percent, Xingfu Electronics added 5.76 percent, Lite-On Optoelectronics climbed 5.61 percent, and Dinglong Shares advanced 3.74 percent. A research note from Everbright Securities noted that domestic fluorochemical companies are accelerating their deployment of new fluorinated materials. Electronic-grade hydrofluoric acid has broken through bottlenecks in ultra-clean, high-purity processes and passed certification at leading wafer foundries, entering a phase of large-scale volume production. At the same time, AI and high-performance computing are driving demand for liquid cooling, with high-performance fluorinated coolants such as perfluoropolyether occupying an irreplaceable position in immersion cooling. A report from China Merchants Securities pointed out that the electronic chemicals industry is benefiting from downstream demand recovery and accelerated domestic substitution. Demand for AI chips and high-bandwidth memory is driving wafer fabrication capacity release, pushing up consumption of wet electronic chemicals, and the market size is expected to expand non-linearly. A research note from TF Securities noted that the electronic chemicals industry will embrace dual opportunities of demand recovery and domestic innovation in 2026. China's market share of wet chemicals for integrated circuits remains far below the global level, leaving significant room for improvement in domestic substitution rates. Leading enterprises with high-end capacity and core purification technologies will continue to benefit.