Electronic Equipment, Instruments & Components

Foxconn Industrial Internet announced that the U.S. International Trade Commission declared on October 9 local time that it has formally launched a Section 337 investigation into patent infringement claims filed by Vicor Corporation of the United States. Vicor alleges that Foxconn Industrial Internet and its controlled subsidiaries infringed one of its patents for a vertical power delivery system. Foxconn Industrial Internet said that after an internal review, the products involved in this investigation are still in the internal validation and evaluation stage, and will not have a material impact on the company's current production, operations, or financial performance.

Flex has secured a new undrawn US$3.3b senior term loan facility with Citibank and other lenders, tied to its planned EPC Power Corp acquisition and subject to rating-based covenants. The facility lands as the company's share price momentum cools after a strong run, with a 1 day return of 4.44% and a 7 day return of 2.76% clawing back some ground after an 11.76% decline over the past 90 days. Longer term enthusiasm remains far stronger, with a year to date share price return of 88.18%, a 1 year total shareholder return of 111.75% and a 5 year total shareholder return above 7x. Flex last closed at $119.83, while the most followed valuation narrative pegs fair value at $130.26, implying the stock trades at a discount. The company is positioning itself as a higher-margin engineered-solutions partner across AI infrastructure, supply chain nearshoring and energy transition power management, though it faces risks if large AI infrastructure projects are delayed or if the CPI spin off fails to secure strong standalone investor support.

JEOL Ltd. has launched HAXIS, a new low-angle ion-milling scanning electron microscope for semiconductor failure analysis that combines LIM delayering, SEM imaging, and passive voltage contrast to deliver clear, highly reproducible observations with reduced damage and contamination. By integrating argon-based low-angle ion milling with PVC-guided, layer-by-layer analysis, HAXIS aims to speed up quick-turnaround failure localization in advanced semiconductor devices. JEOL is targeting about 15 units in annual sales for HAXIS, a modest contribution against the company's much larger existing revenue base. The launch reinforces JEOL's relevance in advanced semiconductor failure analysis, though investors are still watching execution against FY2027 guidance, integration of prior launches like LazEdge and the JCM-7000Plus, and margin management after a weak Q1 2026. The Simply Wall St Community currently carries a single JEOL fair value estimate of ¥8,740.

Inno Laser disclosed on October 10 during an investor relations event that its ultrafast laser drilling equipment secured its first order in the IC substrate sector at the end of 2025, and completed acceptance in the first half of this year. The company said the equipment offers advantages such as customized lasers, independently designed optical systems, and fast iteration response. The equipment can meet precision drilling needs for substrate-like PCBs and various specifications of PCB, and customer validation is currently being accelerated.

ST Wingtech has set up a new semiconductor company in Wuxi. According to Qichacha APP, Wenshixin Wuxi Semiconductor Co., Ltd. was recently established, with Yang Mu as its legal representative and registered capital of 10 million yuan. The company's business scope includes manufacturing electronic components, manufacturing power electronic components, manufacturing special equipment for semiconductor devices, and manufacturing integrated circuit chips and products. Qichacha equity penetration shows that Wenshixin Wuxi Semiconductor Co., Ltd. is indirectly wholly owned by ST Wingtech.

Wrap Technologies, Inc. announced the appointment of John "Chappy" Chapman as Vice President of Training and Missions, tasking the veteran SWAT commander and multi-state POST instructor with leading the national expansion of the company's non-lethal response doctrine and training programs. Chapman, who began his public safety career in 1992 after serving in the United States Navy and is a certified POST instructor in 30 states, will oversee a standardized four-level training and credentialing architecture, expansion of the company's digital Learning Management System, state Peace Officer Standards and Training certification initiatives, and agency-wide adoption of WRAP's non-lethal response doctrine. That four-level model runs from Level 1 law enforcement users, who complete two hours of digital prerequisite learning plus eight hours of in-person training, up to a Level 4 credentialing board that certifies Level 3 master instructors; Level 2 instructors and Level 1 users recertify every two years, while Level 3 and Level 4 personnel recertify annually. Chapman has been a principal author of WRAP's non-lethal response doctrine, which is currently under review for POST certification in California with additional state submissions anticipated, and which incorporates non-lethal technologies such as the BolaWrap 150 into a standardized framework for early intervention and lawful subject control. Jared Novick, President of Wrap Technologies, said the company is building a national training and credentialing infrastructure intended to let law enforcement agencies institutionalize non-lethal response as a repeatable capability, adding that Chapman's appointment is an important step in scaling WRAP's technology, doctrine, and training programs across law enforcement.

Shares of Hana Microelectronics Public Company Limited, or HANA, rose 1.95% to 52.25 baht on trading value of 513.69 million baht, after Krungsri Securities Public Company Limited estimated that normal profit for the third quarter of 2026 will come in at about 317 million baht, up 733% from the same period a year earlier. It expects third-quarter 2026 revenue to grow about 10% from the previous quarter, accelerating from growth of 9% in the second quarter of 2026 and 2% in the first quarter of 2026, driven by the IC business and a recovery in demand in the PCBA business. The gross margin is expected to rise to 11.2% from 10.7% in the second quarter of 2026 and 6% in the third quarter of 2025, even though SG&A expenses are expected to increase 25% from the same period a year earlier. If it comes in as expected, normal profit for the first nine months of 2026 will account for about 62% of the full-year profit forecast. Krungsri Securities maintains its 2026 normal profit forecast at 995 million baht, up 24% from a year earlier, and expects profit to accelerate by another 44% in 2027. It also maintains its Buy recommendation with a target price of 64.60 baht, based on a 2027 P/E of 40 times.

Huntress is partnering with ALSO Holding to roll out the Huntress Agentic Security Platform across 31 European countries, using ALSO's cloud marketplace and reseller relationships as the primary distribution engine. The distribution deal lands as ALSO Holding trades at a P/E of 20x, below its estimated fair P/E of 28.9x, its European Electronic industry reference point of 20.2x, and a peer average of 81.1x. Earnings growth over the past year came in at 16.4%, ahead of the Electronic industry's 5.7%, with profits forecast to grow a further 11.1% per year. At CHF198, the shares sit around 7.5% below an estimated future cash flow value of CHF214.04. The stock's recent 1-day share price return of 1.02% and 7-day gain of 2.70% contrast with a weaker year-to-date share price return of 8.12% and a 1-year total shareholder return that declined 13.45%.

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.

Universal Scientific Industrial announced on October 9, disclosing consolidated operating revenue data for September 2026 and the first three quarters. The company's consolidated operating revenue in September 2026 was 7.487 billion yuan, an increase of 25.64% from the same period last year and up 15.03% month on month. Consolidated operating revenue from January to September 2026 was 46.88 billion yuan, up 7.42% year on year. Among this, consolidated operating revenue in the third quarter of 2026, from July to September, was 19.544 billion yuan, up 18.97% year on year and up 39.73% from the second quarter. In the first half of 2026, Universal Scientific Industrial achieved revenue of 27.336 billion yuan and net profit attributable to the parent company of 822 million yuan.

On October 9, BOE and OnePlus jointly launched the fourth-generation Oriental Screen, which will debut on the upcoming OnePlus 16 flagship phone. The screen uses BOE's f-OLED high-end flexible display technology and adopts industry-leading new-generation luminescent materials. It is the industry's first screen to achieve a global ultra-high refresh rate of 165Hz through full-chain hardware, 185Hz in specific scenarios such as esports, and to comply with dynamic clarity standards. Previously, BOE, OPPO, OnePlus and others jointly released the group standard 'Test Method for Dynamic Clarity of Ultra-High-Definition OLED Display Devices'. The fourth-generation Oriental Screen is the first OLED phone screen mass-produced under this dynamic clarity standard after its release. According to the introduction, the fourth-generation Oriental Screen improves picture continuity by 47%, reduces afterimages by 52%, increases display speed by 35%, shortens control time by 11.1 milliseconds, and improves control speed by 25%. In terms of ultra-low power consumption, it is equipped with the first 22-nanometer display driver chip and the first touch chip customized for OnePlus. Compared with the previous generation, brightness increases by 10% while power consumption decreases by 15%. BOE currently has three mass-produced sixth-generation flexible OLED production lines and one mass-produced 8.6-generation OLED production line. According to Omdia data, its flexible OLED shipments have long ranked first domestically and second globally.

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.

Absen announced on October 9 that it expects net profit attributable to the parent for the first three quarters of 2026 to be between 245 million and 265 million yuan, a year-on-year increase of 32.31% to 43.11%. The announcement noted that the earnings growth was mainly driven by year-on-year revenue growth, an improved overall gross margin, and deeper market coverage in high-quality regions. During the reporting period, the company increased investment in markets such as North America and Europe, and advanced digital transformation and artificial intelligence applications, optimizing business processes and operational management while improving per-capita efficiency. In the first half of 2026, Absen achieved revenue of 1.973 billion yuan and net profit attributable to the parent of 145 million yuan.

Fullhan Micro announced that its controlling subsidiary Xinhang Zhixing plans to introduce investor Hanlian Fund through a capital increase and share expansion. Hanlian Fund intends to contribute 88 million yuan to subscribe for 3.948718 million yuan of newly added registered capital, and will hold a 22% stake in Xinhang Zhixing after the capital increase. Fullhan Micro has waived its preemptive right to subscribe for this capital increase, and its shareholding ratio will decrease from 71.4286% to 55.7143%. Xinhang Zhixing will remain a controlling subsidiary within the consolidated financial statements. This transaction constitutes a related-party transaction and has been approved by the board of directors.

Guoli Electronics announced that it expects net profit attributable to owners of the parent company in the third quarter of 2026 to be 27 million to 32.4 million yuan, up 35.11% to 62.13% year-on-year. The change in performance is mainly due to continued volume growth in capacitor products, accelerated volume growth in high-power magnetrons and klystrons in strategic new scenarios, and effective cost and expense control. The company's Q3 net profit is expected to be 27 million to 32 million yuan, compared with 25 million yuan in Q2, implying a quarter-on-quarter increase of 8% to 30%.

Lead Intelligent Equipment, a leading lithium battery equipment maker, said on October 9 in response to investor questions on an interactive platform that the company can provide customized turnkey line solutions for global AIDC energy storage batteries and has already secured production line equipment orders from relevant AIDC energy storage customers. The company also said its energy storage line solutions are equally suited to data center containerized energy storage construction scenarios, and it will continue to seize business expansion opportunities in related fields. On the morning of the same day, a person in charge at Lead Intelligent Equipment told Caixin that the company sells production line equipment to energy storage customers, who then sell AIDC products downstream, so there is still an intermediate step, and with the industry just getting started, it is too early to talk about volume. As of press time, Lead Intelligent Equipment's A-share price was 38.65 yuan per share, up 2.82 percent, while its H-share price was 30.08 Hong Kong dollars per share, up 3.08 percent.

Tengen Electric announced that its board of directors approved the repurchase of shares using its own funds through centralized bidding, with a repurchase amount of no less than 75 million yuan and no more than 150 million yuan. The repurchased shares will be used for employee stock ownership plans or equity incentives. As of September 30, 2026, the company has repurchased a total of 12.3836 million shares, accounting for 2.46% of its total share capital, with a total amount paid of 86.6067 million yuan, and the repurchase price range was 5.95 yuan to 7.55 yuan per share.

Sanhuan Group announced that as of September 30, 2026, the company had repurchased a total of 8.6462 million A-shares through centralized bidding, accounting for 0.43% of the total share capital. The highest transaction price in this buyback was 124.99 yuan per share, the lowest was 108.33 yuan per share, and the total transaction amount was 995 million yuan.

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.

Guoli Electronics announced on October 9 that it expects third-quarter 2026 operating revenue of 450 million to 540 million yuan, an increase of 81.76 million to 172 million yuan compared with the same period last year, up 22.20% to 46.65% year on year. Net profit attributable to the parent is expected to be 27 million to 32.4 million yuan, an increase of 7.02 million to 12.42 million yuan from a year earlier, up 35.11% to 62.13% year on year. Net profit after deducting non-recurring items is expected to be 26 million to 31.2 million yuan, up 38.28% to 65.94% year on year. The company said the improvement mainly came from continued expansion in new products, new customers and new markets, with capacitor products continuing to ramp up volume, business scale expanding rapidly and profitability steadily improving. At the same time, high-value-added products accelerated volume growth in strategic new scenarios, creating new profit growth points, while cost reduction and efficiency gains improved operating efficiency. In the first half of 2026, Guoli Electronics achieved revenue of 707 million yuan and net profit attributable to the parent of 31.51 million yuan.

Lead Intelligent Equipment stated on an investor interaction platform on October 9 that the company can provide customized turnkey line solutions for global AIDC energy storage batteries, and has already secured production line equipment orders from relevant AIDC energy storage customers. The company also stated that its energy storage production line solutions are equally suitable for data center containerized energy storage construction scenarios, and it will continue to seize business expansion opportunities in related fields.

Lead Intelligent Equipment stated on an investor interaction platform on October 9 that the company can provide customized turnkey line solutions for global AIDC energy storage batteries, and has already secured production line equipment orders from relevant AIDC energy storage customers. The company also stated that its energy storage production line solutions are equally suitable for data center containerized energy storage construction scenarios, and it will continue to seize business expansion opportunities in related fields.

Absen announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 245 million yuan and 265 million yuan, up 32.31% to 43.11% year on year. The company said the profit growth mainly benefited from year-on-year revenue growth, higher overall gross margin, deeper high-quality regional market coverage, and visible results from digital transformation. The gross margin of its main LED display products improved year on year, lifting the overall gross margin and continuing to strengthen product profitability. Among this, third-quarter net profit is expected to be between 100 million yuan and 120 million yuan, while second-quarter net profit was 105 million yuan. Based on that, third-quarter net profit is expected to change by minus 4% to 14% quarter on quarter.

Powerfleet said on Thursday that glassmaker Encirc has selected its Unity portfolio to strengthen forklift and on-site safety across Encirc's manufacturing operations. Encirc produces more than 3 billion glass containers a year, and in such high-volume production environments where forklifts, pedestrians and production lines share the same floor, the company will use Powerfleet's AI-powered Unity platform and AI video solutions to bring operator, equipment and safety data into one workflow. The selection was announced in a press release.

Powerfleet, Inc. announced that Encirc, a leading UK glass container manufacturer, has selected its AI-powered Unity platform and AI video solutions to strengthen forklift and on-site safety across its manufacturing operations. Encirc produces more than three billion glass containers a year and bottles 18 of the UK's top 20 wine brands. In high-volume production environments where forklifts, pedestrians and production lines share the same floor, Encirc will use the Unity platform to bring operator, equipment and safety data into one workflow, giving site leaders predictive intelligence to reduce operational risk and act before incidents occur. Powerfleet Chief Executive Officer Steve Towe said Encirc's decision shows the confidence major manufacturers place in Powerfleet to protect their people and improve how their operations run. Louise Reeves, Head of Health, Safety & Environment at Encirc, said the company is reviewing its fleet and standardizing safety controls, and that Powerfleet's AI video safety technology helps counter the potential risk and severity of workplace transport incidents.

Vontier unveiled Vontier Vantage Point, a new mobility intelligence platform, at the National Association of Convenience Stores Trade Show 2026 in Raleigh, North Carolina. The platform processes more than 250 billion data points drawn from nearly 60,000 connected sites and 1.35 million monitored devices, consolidating information on fueling, retail transactions, fleet activity, charging infrastructure, car wash, equipment performance and market activity into a single system. According to Vontier, the scale of the platform lets retailers and operators spot emerging shifts in consumer behavior, pricing, reliability and broader market trends earlier than most publicly available reports. Rasha Hasaneen, Vontier's Chief Growth and Innovation Officer, said data has become one of the industry's most valuable assets yet much of it remains fragmented across systems, businesses and markets, and that the platform is intended to help businesses understand what is changing, why it matters and what is next. Vontier said all insights are based on synthesized data to honor customer data ownership, segmentation and privacy, and it will gather questions from retailers, fleet operators and technology providers at the show to shape the platform's first analyses and benchmark studies.