Zhuzhou Times New Material Technology Co Ltd

The National Health Commission and the National Development and Reform Commission have jointly issued the Implementation Plan for the Medical Rehabilitation and Nursing Expansion and Upgrading Project, proposing six parts and thirteen task measures. It sets the goal of basically establishing a service system by 2030 that is fully functional, vertically and horizontally coordinated, integrates traditional Chinese and Western medicine, and is efficient and accessible, while accelerating the deployment of frontier technologies such as brain-computer interfaces, embodied intelligence, and biomimetic actuation. The Ministry of Human Resources and Social Security is soliciting public comments on the Measures for Protecting the Rights and Interests of Workers in New Forms of Employment, draft for comment, until November 8. Data from the Securities Association of China shows that by the end of the first half of the year, foreign investors held 4.66 trillion yuan in domestic stocks, up nearly 30 percent from the previous quarter. In corporate news, Xiongsu Technology plans to acquire no more than 80 percent equity in Shenzhen Xinyuan New Materials Company. The Wuxi Phase III semiconductor company under Hua Hong Semiconductor increased its capital by about 4.16 billion US dollars, with funds under the third phase of the National Integrated Circuit Industry Investment Fund among the investors. Bright Laser Technologies plans to invest 1 billion yuan to build a high-end metal additive manufacturing industrial base project. Dongyue Silicone Materials expects net profit for the first three quarters to increase by 19,050 percent to 19,750 percent year on year. Times New Material Technology has signed a wind turbine blade sales contract worth 4.394 billion yuan.

Wavelength Optoelectronics announced that it has received an indictment from the Third Branch of the Shanghai People's Procuratorate. The company, Chairman Huang Shengdi, and two other individuals, four people in total, have been charged with suspected smuggling of goods prohibited from import and export by the state. The amount involved is 20.1085 million yuan, and the alleged acts occurred between August 2023 and April 2025. The company stated that the lawsuit is not expected to have a material impact on its ability to continue as a going concern, that production and operations are currently normal, and that the outcome of the judgment remains uncertain. In after-hours announcements the same day, Guanghui Energy projected net profit for the first three quarters of 2026 at 2.70 billion to 2.80 billion yuan, up 166.83 percent to 176.71 percent year on year. Amlogic projected net profit for the first three quarters at 1.26 billion to 1.31 billion yuan, up 80.58 percent to 87.74 percent year on year, and preliminarily estimated that full-year operating revenue is expected to exceed 10 billion yuan. Dongyue Silicone Materials projected first-three-quarter net profit to increase by 19,050 percent to 19,750 percent year on year. In addition, as of September 30, CATL had spent 3.303 billion yuan repurchasing 0.2482 percent of its A-shares. Times New Material Technology signed a wind turbine blade sales contract worth 4.394 billion yuan. Xiongshu Technology plans to acquire no more than 80 percent equity in Shenzhen Xinyuan New Materials with cash.

Times New Material announced on the evening of October 8 that from July 1, 2026 to September 30, 2026, the company signed blade sales contracts with major wind turbine manufacturers, with a total contract value of approximately 4.394 billion yuan including tax. Of this, domestic offshore wind accounts for 214 million yuan, domestic onshore wind accounts for 3.86 billion yuan, and overseas onshore wind accounts for 320 million yuan. These contracts are part of Times New Material's routine operating contracts. Due to the impact of specific delivery batches and acceptance timing, the effect on the company's 2026 current-period performance remains uncertain, but the performance period of the contracts is expected to have a positive impact on Times New Material's results. According to Times New Material's 2026 semi-annual report, during the reporting period the wind turbine blade segment achieved sales revenue of 4.806 billion yuan, up 22.88 percent year on year, and newly signed blade sales orders of 5.336 billion yuan, up 13.75 percent year on year, of which overseas orders were 581 million yuan, up 100 percent year on year.

Times New Material Technology has released its 2026 interim report, with net profit attributable to the parent company of 346 million yuan, up 14.08% from the same period last year. The company's total operating revenue was 10.467 billion yuan, up 13.09% year on year, marking four consecutive years of growth; net profit attributable to the parent company has risen for five consecutive years. Net cash flow from operating activities was negative 1.088 billion yuan, down 246.21% from the same period last year. The company's latest asset-liability ratio is 66.49%, gross margin is 15.30%, ROE is 4.26%, and diluted earnings per share is 0.37 yuan.

Times New Materials announced that between April 1 and June 30, 2026, it signed blade sales contracts with major wind turbine manufacturers, with a total contract value of approximately 3.034 billion yuan including tax. The contracts are divided into domestic and overseas portions. The domestic offshore and onshore wind project contracts are valued at 239 million yuan and 2.471 billion yuan respectively, with blade models of 16 megawatts and 6 to 10 megawatts. The overseas onshore wind project contract is valued at 324 million yuan, with blade models of 4 to 6 megawatts. The contracts have completed internal approval procedures and do not require submission to the board of directors or shareholders' meeting for review. Since the beginning of this year, the company's share price has risen by over 23 percent cumulatively and currently stands at 16.45 yuan per share.