Nanya New Material Technology Co Ltd

Nanya New Material Technology announced on the evening of October 8 that the second meeting of the company's fourth board of directors reviewed and approved a proposal to use 740 million yuan of raised funds to increase capital in its wholly owned subsidiary Nanya New Material Technology Jiangsu Company Limited, in order to advance the construction of the fundraising project. Of the 740 million yuan capital increase, 50 million yuan will be included in paid-in capital and 690 million yuan will be included in capital reserves. After the capital increase is completed, Jiangsu Nanya's registered capital will rise from 200 million yuan to 250 million yuan, and the shareholding structure will remain unchanged, with the company still a wholly owned subsidiary. The matter does not need to be submitted to a shareholders' meeting for review, and the sponsor institution Everbright Securities has issued a verification opinion. The funds come from the proceeds of the company's 2025 A-share private placement, which involved the issuance of 3,224,535 shares at 279.11 yuan per share, raising total proceeds of about 900 million yuan and net proceeds of 889 million yuan after deducting issuance expenses. Pan-China Certified Public Accountants issued a capital verification report on September 24, 2026. According to the prospectus, the net proceeds after deducting issuance expenses will be allocated to two major projects: 740 million yuan is planned for the research, development and industrialization of high-end high-frequency high-speed copper-clad laminates based on AI computing power, and 148.7245 million yuan is planned for a supplementary working capital project. Jiangsu Nanya is the implementing entity for the AI computing materials project. Jiangsu Nanya was established on April 19, 2024, with its registered address in Haimen District, Nantong City, Jiangsu Province, and its legal representative is Zhang Liu. It is 100 percent owned by Nanya New Material Technology. As of the end of 2025, its total assets were 81.4876 million yuan and net assets were 81.3726 million yuan. By the end of June 2026, total assets had increased to 218.1253 million yuan and net assets to 207.2758 million yuan. Because it is still in the construction phase, it has not yet generated operating revenue, and it recorded a net loss of 1.6798 million yuan in the first half of 2026. The company said the capital increase is based on the construction needs and funding requirements of the fundraising project, will help ensure the smooth implementation of the project, and will not have a material adverse impact on production and operations.

Nanya New Material Technology released its 2026 interim report, showing first-half net profit attributable to the parent of 461 million yuan, up 428.8% year on year. Operating revenue was 4.224 billion yuan, up 83.2% year on year. Net profit attributable to the parent after deducting non-recurring items was 453 million yuan, up 457.8% year on year. Net operating cash flow was negative 23.64 million yuan. Earnings per share were 2.02 yuan. In the second quarter, operating revenue was 2.39 billion yuan, up 76.8% year on year, and net profit attributable to the parent was 311 million yuan, up 370.6% year on year. As of the end of the second quarter, total assets were 7.926 billion yuan, up 31.9% from the end of the previous year, and net assets attributable to the parent were 3.274 billion yuan, up 13.8% from the end of the previous year. The company said the earnings growth was mainly driven by the impact of AI computing power and 5G application promotion, with rising demand in the copper-clad laminate industry, significant growth in product sales volume, and continued upward price trends. Management stressed that it will continue to increase research and development investment and promote technological innovation to maintain competitive advantages.

As of July 22, 51 STAR Market companies have already previewed their first-half results, with 36 forecasting growth and 8 expecting to turn profitable, bringing the combined positive ratio to 86.27 percent. Based on the median estimated net profit growth, 29 companies saw growth exceeding 100 percent, while 6 recorded growth between 50 and 100 percent. OKE Precision Cutting Tools posted the highest estimated net profit growth, with a median increase of 50,199.61 percent, followed by Biwin Storage Technology and Yuanjie Semiconductor Technology at 3,310.87 percent and 1,250.95 percent respectively. By sector, STAR Market stocks with net profit growth above 50 percent are mainly concentrated in electronics, machinery and equipment, and pharmaceutical and biotech industries. STAR Market stocks expected to deliver high earnings growth have risen an average of 66.48 percent this year, with Yuanjie Semiconductor Technology surging 240.87 percent to top the list, followed by OKE Precision Cutting Tools and Nanya New Material Technology. In terms of capital flows, over the past five days, major net inflows were seen in Oled Material Technology, Raytron Technology, and Kaierda Welding & Cutting Robotics, while significant net outflows hit Biwin Storage Technology, Montage Technology, and Yuanjie Semiconductor Technology.

Baoding Technology disclosed its 2026 half-year earnings forecast, projecting net profit attributable to the parent company of 125 million to 145 million yuan, a year-on-year increase of 468.71% to 559.71%. Even the lower end of the range already exceeds last year's full-year level. Boosted by the news, Baoding Technology hit its daily limit one minute after the market opened, triggering a rally in PCB-related stocks including MLS, Shandong Fiberglass, and Zhongjing Electronics, which also hit their daily limits, while Tianshan Electronics, Mankun Technology, and Nanya New Material followed with gains. The company's profit growth mainly came from its subsidiary Jinbao Electronics, whose copper-clad laminate and electronic copper foil business turned from loss to profit, as well as higher volumes and prices for finished gold products from Hexi Gold Mine. At the industry level, AI computing demand is driving PCB upgrades toward high-layer-count, high-density, and high-speed designs, accelerating capacity expansion for high-end, high-frequency, high-speed PCBs.