Shenzhen hongfuhan Technology Co. Ltd.

China Jushi announced that it 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, up 100% to 110% year on year. The change is mainly due to increased demand in major downstream application areas for fiberglass and a simultaneous rise in product volume and prices. On the same day, several other companies released earnings forecasts. Kinwong Electronic expects third-quarter net profit of 912 million yuan to 1.089 billion yuan, up 205.46% to 264.74% year on year, benefiting from faster mass production and shipments of high-performance PCBs in high-speed communications and AI data infrastructure. Delton Technology expects net profit of 1.45 billion yuan to 1.5 billion yuan for the first three quarters, up 100.33% to 107.23%, focusing on the computing power PCB market. Hongfuhan expects net profit of 170 million yuan to 200 million yuan for the first three quarters, up 108.19% to 144.93%, with mass production and delivery of liquid cooling plate cabinet module business becoming the core incremental driver. Bohai Leasing's controlling subsidiary Avolon, through its wholly owned subsidiary AALL, signed an agreement with Boeing to purchase 140 B737 MAX series aircraft. Based on Boeing's published list prices, the total value does not exceed 26.953 billion US dollars, while the actual purchase price carries a certain discount. The deal still needs shareholder approval and is expected to be fully delivered by the end of 2036. MicuRx Pharmaceuticals plans to sign an exclusive license agreement for the MRX-23 project and a platform technology cooperation agreement with ClearideBio of Switzerland. The upfront payment is 1 million US dollars, the nominal cap for MRX-23 development, registration and sales milestone payments totals 223 million US dollars, and the total payment cap when all platform cooperation project options are exercised and all milestones are achieved is 750 million US dollars. China Northern Rare Earth and Baogang Group both announced that the rare earth concentrate transaction price for the fourth quarter of 2026 will be adjusted to 38,769 yuan per ton excluding tax, up 0.53% quarter on quarter. Wuliangye has cumulatively repurchased 16.1278 million shares, with a total amount paid of about 1.201 billion yuan. ST Nachuan has been placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure in its 2023 annual report. Yu Faxiang, the actual controller of Xiangyuan Cultural Tourism and Jiaojian Co., Ltd., has also been placed on file for investigation by the CSRC for suspected illegal information disclosure.

After market close on October 9, Hongfuhan released its earnings forecast for the first three quarters of 2026, projecting net profit attributable to shareholders of the listed company at 170 million to 200 million yuan, up 108.19% to 144.93% year on year, compared with 81.6556 million yuan in the same period last year. The company said third-quarter profit growth came mainly from two areas. First, its strategically positioned liquid cooling plate rack module business completed mass production and delivery, and liquid cooling plate module capacity was gradually released, becoming the core incremental driver of profit growth in the period. Second, sales of traditional existing businesses such as precision functional components for consumer electronics and automation equipment expanded steadily. The company previously disclosed that its controlling subsidiary, Meizhou Hongfuhan Technology, received a notice of award from a customer for cold plate products used in complete rack liquid cooling components. As of July 31, 2026, it had obtained mass production orders from the customer worth 185 million yuan including tax, accounting for 20.28% of the company's most recent audited annual operating revenue, with delivery expected from June 2026 to January 2027 in the form of rolling orders. On a quarterly basis, third-quarter net profit is expected to be 97 million to 127 million yuan, up 182% to 270% quarter on quarter from 34 million yuan in the second quarter.

On the evening of October 9, multiple listed companies released announcements including earnings forecasts, equity transactions, and contract wins. On the earnings front, Hongfuhan expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 170 million yuan and 200 million yuan, up 108.19% to 144.93% year on year, driven mainly by mass production and delivery of liquid cooling plate cabinet module business, gradual release of production capacity, and steady expansion in sales of traditional businesses such as precision functional components for consumer electronics. Jingwang Electronics expects third quarter 2026 net profit of 912 million yuan to 1.089 billion yuan, up 205.46% to 264.74% year on year, mainly because mass production shipments of high-performance PCBs accelerated in high-speed communications and AI data infrastructure. China Jushi expects first three quarters net profit of 5.136 billion yuan to 5.393 billion yuan, up 100% to 110% year on year, as downstream demand for fiberglass increased and both volume and prices rose. On equity and regulatory matters, Lion Micro intends to acquire a 3.6221% stake in Jinruihong Microelectronics through public listing at a floor price of 269 million yuan, raising its direct shareholding from 57.4403% to 61.0624%. Hainan Mining's controlling shareholder Fosun High Technology plans to transfer shares equivalent to 5% of total share capital by agreement at 9.08 yuan per share, for a total consideration of 901 million yuan. ST Nachuan has been placed on file for investigation by the China Securities Regulatory Commission over suspected illegal information disclosure in its 2023 annual report, and Yu Faxiang, the actual controller of Jiaojian and Xiangyuan Cultural Tourism, has also been placed on file for investigation by the CSRC over suspected illegal information disclosure. On orders, Jinguan Electric's wholly owned subsidiary signed an EPC framework contract for solar storage and charging projects worth no more than 296 million US dollars. Huitong Technology won a 366 million yuan contract for procurement and installation of polyester and utility equipment. Wuhan Tianyuan signed a 195 million yuan energy storage power station project contract. Weihai won a 162 million yuan flood control project for the Tiaoxi River. Wonders Information won a 114 million yuan system entrusted operation and maintenance service contract. In addition, Angelalign plans to repurchase company shares for 35 million yuan to 70 million yuan. Baiyunshan and Zhongsheng Pharmaceutical each obtained drug registration certificates. Baotou Steel plans to adjust the related-party transaction price for rare earth concentrate in the fourth quarter of 2026 to 38,769 yuan per ton excluding tax.

On the evening of October 9, multiple listed companies on the Shanghai and Shenzhen exchanges released positive announcements. Kinwong Electronic expects net profit attributable to owners of the parent in the third quarter of 2026 to be between 912 million and 1.089 billion yuan, up 205.46% to 264.74% year on year and up 147.20% to 195.18% quarter on quarter. 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 and 5.393 billion yuan, up 100% to 110% year on year. Hongfuhan expects net profit for the same period to be between 170 million and 200 million yuan, up 108.19% to 144.93% year on year. In mergers and acquisitions, Zerun New Energy plans to acquire no less than 51% equity in Hechuang Intelligent Manufacturing with cash, with the total consideration initially not exceeding 204 million yuan, as a way to quickly enter the thermal management sector. Aerospace Engineering's controlling subsidiary Aerospace Hydrogen Energy plans to acquire a 45% stake in Xinxiang Gas with 191 million yuan of its own funds, raising its shareholding from 55% to 100%. In addition, Li'ang Micro plans to acquire a 3.6221% stake in Jinruihong Microelectronics through public bidding, with a floor price of 269 million yuan, raising its direct shareholding from 57.4403% to 61.0624%. Yuguang Gold and Lead's semiconductor optoelectronic new materials technology industrialization base project is in the preliminary preparation stage, and Daqo Energy has initiated research and development projects around new energy storage equipment and solid-state transformers.

On October 9, all three major A-share indices closed higher, with total market turnover of 1.92 trillion yuan, an increase of 222.4 billion yuan from the previous trading day. More than 3,200 stocks closed higher, including 72 at the daily limit. Evening announcements showed that ST Nachuan, stock code 300198, was placed under investigation by the China Securities Regulatory Commission for suspected illegal information disclosure in its 2023 annual report, and Yu Faxiang, the actual controller of Xiangyuan Cultural Tourism, was also placed under investigation by the CSRC. Dragon-Tiger list data showed that institutional seats appeared in 67 stocks this week, with net buying in 38 stocks and net selling in 29. Among them, 22 stocks saw net institutional buying exceeding 10 million yuan each, and 10 stocks including Jones Tech and OGAWA saw net institutional buying exceeding 50 million yuan each. The largest net buying was in Jones Tech, with total net institutional buying of 332 million yuan, while Yuanjie Technology saw the largest net institutional selling of 1.436 billion yuan. In terms of earnings forecasts, Kinwong Electronic expects third-quarter net profit to rise 205 to 265 percent year on year, Hongfuhan expects net profit for the first three quarters to rise 108 to 145 percent year on year, and China Jushi expects net profit for the first three quarters to rise 100 to 110 percent year on year. In addition, Avolon, a controlled subsidiary of Bohai Leasing, plans to purchase 140 B737 MAX series aircraft from Boeing through its subsidiaries, with a total value not exceeding 26.953 billion US dollars. Mengke Pharmaceutical signed an exclusive license and platform cooperation agreement with ClearideBio for MRX-23, with milestone payments and other amounts capped at 750 million US dollars in total.

Hongfuhan disclosed its 2026 semi-annual report. In the first half, total operating revenue reached 589 million yuan, up 65.69% year on year. Net profit attributable to the parent company was 73.1 million yuan, up 221.59% year on year. Net profit after deducting non-recurring items was 69.52 million yuan, up 232.54% year on year. Net cash flow from operating activities was negative 712 million yuan, compared with 32.58 million yuan in the same period last year. Basic earnings per share during the reporting period were 0.58 yuan, and the weighted average return on equity was 3.69%. The company focuses on the research, design, production and sales of precision functional components, automation equipment, thermal management solutions, and photovoltaic and energy storage products.

Hongfuhan announced that the company recently obtained a loan commitment letter from the Shenzhen branch of Agricultural Bank of China, with a loan amount not exceeding 40 million yuan and a term of three years, specifically for repurchasing company shares. Previously, the company planned to repurchase shares using its own funds and self-raised funds, with a total repurchase amount of no less than 25 million yuan and no more than 50 million yuan, and a repurchase price not exceeding 263.36 yuan per share.

On the evening of July 28, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued significant positive announcements. Zhongji Innolight's chairman and president Liu Sheng proposed that the company repurchase shares worth 4 billion to 8 billion yuan for equity incentives or employee stock ownership plans. BOE Technology's controlling shareholder, Beijing Electronics Holdings, plans to increase its shareholding by 500 million to 1 billion yuan. Kingsoft Office expects a net profit attributable to the parent company of 2.316 billion to 2.719 billion yuan in the first half of 2026, a year-on-year increase of 209.98% to 263.89%, with some external investment fund projects achieving good returns. Wanma Technology's subsidiary, Wanma Polymer, plans to invest in cable material projects in Lin'an, Hangzhou, and the West Coast of Qingdao, with a total investment of approximately 820 million yuan. Jiuzhou Yigui's wholly-owned subsidiary plans to invest in an advanced semiconductor wafer laser stealth dicing industrialization project, with a total investment not exceeding 630 million yuan. In addition, Sanyou Chemical's controlling subsidiary plans to purchase a 31% stake in Sanyou New Materials, Daimei Auto Parts plans to acquire 100% equity of Rongming Technology, Leon Technology plans to raise no more than 255 million yuan through a private placement for an artificial intelligence computing resource pool project, Yandong Microelectronics' controlling shareholder's controlling subsidiary plans to increase its shareholding by 150 million to 300 million yuan, and Hongfuhan's liquid cooling business orders are progressing steadily.

Hongfuhan announced plans to buy back company shares for 25 million to 50 million yuan, to maintain company value and shareholder equity through sale. The buyback price will not exceed 263.36 yuan per share.

Hongfuhan announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 73 million yuan and 83 million yuan, representing a year-on-year increase of 221.13% to 265.13%. The profit growth is mainly due to the company strengthening market development, deepening relationships with existing customers and laying out emerging tracks, with the scale of its heat dissipation and automation equipment business expanding. At the same time, the release of economies of scale and cost control have improved profitability. Data shows that the company's net profit for the second quarter is expected to be between 34 million yuan and 44 million yuan, while net profit for the first quarter was 39 million yuan. Based on this calculation, second-quarter net profit is expected to change by -12% to 13% quarter-on-quarter.