Industrial Machinery & Supplies & Components

Schneider Electric SE agreed to acquire U.S.-based engineering software developer PTC Inc. for $22.6 billion, or €20.1 billion, paying $205 per share in an all-cash deal. The transaction was among a string of major deals reported across sectors this week. Viatris said it will acquire all outstanding shares of Pacira BioSciences for $36.50 per share in cash, an aggregate equity value of $1.65 billion, while CD&R and McKesson agreed to acquire Option Care Health for $32.05 per share, valuing it at approximately $5.8 billion including debt, sending its shares up 34% in early trading Tuesday. Energy Transfer agreed to acquire Vaquero Midstream in a $2.625 billion deal consisting of $1.95 billion in cash and about 33.3 million newly issued Energy Transfer common units, and Cenovus Energy agreed to acquire Athabasca Oil in a cash-and-stock deal valued at about C$5.7 billion, a 14% premium to Athabasca's 20-day volume-weighted average trading price. Canadian utilities Emera and Canadian Utilities agreed to an all-stock merger worth C$14.3 billion, or US$10 billion, creating a combined company with a C$72 billion enterprise value and a regulated rate base of C$45 billion serving roughly 6 million customers. Separately, TKO LLC proposed to acquire Service Properties Trust's entire hospitality portfolio for $2.0 billion, and CCC Intelligent Solutions soared 13% in after-hours trading on a report that GTCR and Elliott Investment Management are in advanced discussions to purchase the car-insurance software firm.

Guosheng Zhike said at its 2026 interim results briefing that it will revisit the equity incentive plan at an appropriate time, taking into account operating conditions and the capital market environment. In the first half, the company achieved operating revenue of 738 million yuan, up 14.29 percent year on year; net profit attributable to the parent company was 93.579 million yuan, up 14.05 percent; and net profit attributable to the parent company excluding non-recurring items was 87.5839 million yuan, up 13.75 percent. The company said current orders are in good shape, with ample orders on hand, and it is steadily advancing and implementing its capacity expansion plan. Machine tool orders in the second half are also good, and domestic substitution demand for five-axis products in downstream sectors is improving. The company has developed customized solutions in six major industries: precision molds, wind power, civil aviation, semiconductors, humanoid robots, and new energy vehicles. Its machine tool products have been applied in volume at leading semiconductor customers and have also been adopted by humanoid robot-related customers. The company is steadily advancing in-house development of core functional components. Single swing heads, double swing heads, and offset swing heads for five-axis gantry machines continue to be applied in volume, and the self-sufficiency rate keeps rising, which is expected to create room for gross margin improvement over the medium to long term.

Bankers are assembling debt packages of up to €7 billion, or $7.9 billion, to finance a potential majority stake sale in Siemens Energy AG's steam turbines unit, Bloomberg reported Friday, citing people familiar with the matter. The financing efforts follow the German energy group's announcement in August that it plans to separate the division, which manufactures steam turbines and compressors primarily for industrial clients. Private equity firms including CVC Capital Partners, EQT AB, and Bain Capital are among the buyout groups evaluating bids for the business, and the unit, officially known as the Transformation of Industry division, could command a total valuation exceeding €10 billion as Siemens Energy sharpens its focus on core power generation and transmission assets. Lenders are pitching debt packages designed to support the transaction through a mix of drawn and undrawn credit facilities, with the proposed structures reportedly featuring €4.5 billion to €5 billion in drawn debt, including leveraged loans and high-yield bonds, alongside significant undrawn capacity. To accommodate the unit's operational requirements, bankers are structuring approximately €2.5 billion in undrawn facilities, comprising a €1 billion revolving credit facility and €1.5 billion in guarantee lines, and based on the division's estimated annual earnings of around €900 million, the proposed debt structure would represent a leverage ratio of approximately 5.0 times EBITDA.

NUBURU, Inc. is targeting October 15, 2026 for the notarial meeting to complete its acquisition of a 70% controlling interest in Tekne S.p.A. through NUBURU Defense Italy S.r.l. The Italian Government granted Golden Power authorization on August 5, 2026, and NUBURU Defense Italy has been incorporated, clearing the transaction's principal regulatory and structural milestones. Completion remains subject to remaining corporate approvals, notarial formalities and final documentation, along with compliance with the conditions of the Golden Power authorization, updating the first-week-of-October timetable announced on September 22, 2026. Tekne, founded in 1990 with operations in Ortona, Poggiofiorito and Guastalla, brings approximately 185 personnel and, as previously disclosed, approximately $135.4 million in preliminary, unaudited net remaining order value covering 100% of Tekne, a figure that is not U.S. GAAP revenue, a measure of funded backlog or financial guidance. NUBURU Defense Italy, fully controlled by NUBURU Defense LLC, will serve as the Italian sub-holding through which NUBURU Defense LLC holds and manages its controlling interest in Tekne following completion.

RS Group PLC increased Paid Search revenue by 6% while cutting ad spend by 5% after adopting Corvidae AI's patented session reconstruction technology to feed accurate customer journey data into its automated bidding. The four-month controlled pilot, run across RS Group PLC's Italian operation, improved return on ad spend by 12%, and the process is now being rolled out to all other regions. Across all RS Group PLC properties worldwide over the same four-month test period, Corvidae tracked £193m more revenue than Adobe Analytics and covered over 95% of the active customer base, rebuilding customer journeys without cookies after the company moved to a strict reject-all first-party cookie consent model. The reconstructed data showed journeys 46% longer in the UK and 68% longer across the EU, and exposed channel overlap invisible to platform reporting, with 58% of all sales touching a Paid Search ad and 72% of those also involving an Organic Search interaction. Corvidae fed the reconstructed journeys directly into RS Group PLC's bidding algorithms and into Power BI via API, and CEO and Founder Chris Liversidge said the underlying problem is not specific to RS Group PLC because every advertiser buying Google and Meta is bidding on incomplete data.

Yaskawa Electric announced on the 9th that it has raised its consolidated net profit forecast under international accounting standards for the full fiscal year ending February 2027 to 47.5 billion yen, up 34.8 percent from the previous year, from its earlier projection of 47 billion yen. The revised forecast exceeds the average of 44.8 billion yen from net profit estimates by 18 analysts compiled by IBES. The company said it expects higher sales revenue as exchange rates continue to run at a weak yen level. Net profit for the interim period from March to August 2026, also announced the same day, came to 18.9 billion yen, up 4.1 percent from a year earlier.

Schneider Electric agreed to pay $22.6 billion in cash for PTC Inc., the design software company whose revenue fell 6.80% in the most recent quarter while rival Autodesk grew 16.10%. PTC traded at around $194 on October 7, down 4.32% over twelve months, while Autodesk traded near $235, down 25.73% across the year. Autodesk's earnings rose 57.20% against a 16.00% fall at PTC, and Autodesk generated $2.80 billion in free cash flow against $935.48 million at PTC. PTC's net margin of 41.43% sits above its 28.23% operating margin, a gap the article attributes to profit arriving from below the operating line rather than from selling licences. On forward estimates Autodesk trades at 16.55 times earnings against 21.71 times for PTC, with a PEG ratio of 0.78 against 1.81, though PTC carries an agreed cash offer and Autodesk has nothing of the kind.

Hongfuhan announced on October 9 that it expects attributable net profit 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. Net profit after deducting non-recurring items is expected to be between 166 million yuan and 198 million yuan, up 108.20% to 147.71% year on year. The company said the profit growth mainly came from two factors. First, the liquid cooling plate module business completed mass production delivery, with capacity gradually ramping up. Second, sales of traditional businesses such as precision functional components for consumer electronics and automation equipment expanded steadily, providing solid support for profit. In the first half of 2026, Hongfuhan achieved revenue of 589 million yuan and attributable net profit of 73.1 million yuan.

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 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.

Hongfuhan released a positive profit forecast for the first three quarters on October 9, expecting net profit of 170 million to 200 million yuan, a year-on-year increase of 108.19% to 144.93%. According to statistics from Securities Times Data Treasure, Hongfuhan closed at 140.20 yuan today, down 7.16%, with a daily turnover rate of 6.96% and trading volume of 670 million yuan, and has fallen 15.99% over the past five days. Statistics show that among stocks with first-three-quarter profit forecasts up more than 50%, 62.50% rose on the day after the forecast was released, and 87.50% rose within five days after the release. In terms of capital flows, the stock saw net outflow of main funds of 8.0085 million yuan today, and net outflow of 58.6193 million yuan over the past five days. The latest margin trading balance as of October 8 was 649 million yuan, of which the financing balance was 649 million yuan, up 3.36% from the previous trading day, with cumulative growth of 10.39% over the past five days.

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.

Hongfuhan announced that it 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, an increase of 108.19% to 144.93% year on year. The change in performance is mainly due to the liquid cooling plate cabinet module business completing mass production delivery, with capacity gradually ramping up and becoming the core incremental driver of profit growth; sales of traditional businesses such as precision functional components for consumer electronics and automation equipment also expanded steadily. The company's net profit for the third quarter is expected to be between 97 million yuan and 127 million yuan, while net profit for the second quarter was 34 million yuan. Based on this calculation, third-quarter net profit is expected to increase by 182% to 270% quarter on quarter.

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.

Hongfuhan issued a performance forecast, expecting net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be in the range of 170 million yuan to 200 million yuan, with year-on-year growth between 108.19% and 144.93%. The company said the change in performance was mainly due to the liquid cooling plate cabinet module business completing mass production delivery, with production capacity gradually released, becoming the core incremental driver of profit growth. In addition, sales of traditional businesses such as precision functional components for consumer electronics and automation equipment expanded steadily.

At its 2026 semi-annual results briefing held on September 29, Ningbo Jingda confirmed that the company has received orders for and delivered liquid cooling related equipment, and that dedicated core liquid cooling equipment such as 13-meter tube expanders and intelligent long U-bending machines have entered smooth mass production. The semi-annual report shows that in the first half of this year, the company's overseas sales grew 47.20 percent year on year, with overseas revenue of approximately 185 million yuan. Overseas market orders rose 118.65 percent year on year, and overall company orders increased 18.3 percent. Among these, Wuxi Weiyan's mold international business grew 122 percent year on year, and North American market orders in the first half of the year already matched the total for all of last year. The company's New Quality Business Division coordinates forward-looking projects in liquid cooling, hydrogen energy, and robotics, and has identified four key new directions: transmission mechanisms, pressing equipment, precision reducers, and composite material applications. It has also set targets for the second half of the year, including breaking 100 million yuan in orders measured in thousands of tons and exceeding one hundred units for the CGA series products. The company's products have been exported to more than 80 countries and regions worldwide, including the United States, Mexico, Canada, Japan, the United Kingdom, France, and Italy, and it has established overseas sales and service teams in the United States, India, Egypt, Mexico, and the European Union. In addition, the company's shareholders' meeting has approved the 2026 employee stock ownership plan, with a scale of approximately 10.0477 million shares, accounting for about 2 percent of total share capital and covering more than 200 incentive recipients.

General Fusion surged 13% in Thursday's trading after announcing a world-first result on its path to commercial fusion power. The company said its large-scale demonstration machine heated plasma to more than 12M degrees Celsius, or more than one kiloelectron unit, using its Magnetized Target Fusion low-speed compression approach. General Fusion said the result is the first of three milestones on its path to commercialization, with the next two hurdles consisting of heating electrons to 10 kiloelectron volts, followed by reaching net fusion energy within the superheated plasma. The company said the result marks a major step forward on its plan to deliver reliable baseload, economical clean power from fusion energy, and it is targeting the start of operations at a commercial fusion plant by around 2035.

General Fusion Group Ltd. said its Lawson Machine 26 demonstration machine has become the first fusion machine in the world to heat plasma to more than 12 million degrees Celsius, or more than 1 keV, using practical low-speed compression. The company said only a few fusion companies have ever reached 1 keV, all using other approaches, and that its Magnetized Target Fusion technology squeezes plasma with a metal wall over milliseconds rather than with superconducting magnets or high-powered lasers. Thomson scattering measured with the UK Atomic Energy Authority recorded approximately 1.1 keV just prior to peak compression, while absolute extreme ultraviolet data recorded approximately 1.2 keV at peak compression, and ions heated up to twofold above starting ion temperature. The result achieves the first of three key technical milestones for LM26, with machine upgrades underway to reach the second target of 10 keV, roughly 100 million degrees Celsius, followed by the Lawson criterion targeted by the end of 2028 and a first-of-a-kind plant around 2035. Chief Executive Officer Greg Twinney said the team squeezed a plasma shaped like a cored apple and it stayed alive while being squeezed and heated to more than 12 million degrees.

The updated analyst narrative for Wärtsilä Oyj Abp now centers on a higher fair value estimate, which has shifted from €32.33 to €33.04 and sits closer to the current consensus price target. Goldman Sachs has moved to a Buy rating on Wärtsilä Oyj Abp with a price target of €35, above the updated fair value estimate and above the more cautious targets on the Street, arguing that Wärtsilä engines are well placed for behind the meter applications and that investor worries about future energy oversupply are overstated. Citi maintains a Sell rating with a price target of €28, below both the revised fair value estimate and the higher targets from peers such as Goldman Sachs. The fair value revision also reflects a revenue growth assumption change from 6.74% to 5.10%, a profit margin expectation adjustment from 10.37% to 11.51%, a future P/E move from 27.14x to 26.32x on projected earnings, and a discount rate edging from 7.32% to 7.34% in current models for Wärtsilä Oyj Abp.

LG Energy Solution reported preliminary third-quarter operating profit of 756 billion won, more than double the 365.5 billion won Bloomberg consensus estimate, a beat of about 107%. Revenue is expected to rise 59% to 9.6 trillion won for the three months ended September 30, according to the company's regulatory filing. The results were supported by U.S. production tax credits tied to the company's expanding energy-storage system production and incentives for American-made electric-vehicle batteries, along with the restart of production at its North American joint-venture facilities and a pickup in EV shipments to Europe. Excluding those U.S. production tax credits, LG Energy Solution would have posted operating profit of 339.1 billion won. Shares rose 4.09% to 407,000 won, their highest level since June 18, sharply outperforming a 0.6% fall in the broader KOSPI index. The company, which supplies batteries to Tesla, General Motors and Hyundai Motor, is scheduled to release its detailed third-quarter results on November 3.

Jintuo Shares announced that the company has received the Approval Reply on Approving the Registration of Jintuo Technology Co., Ltd.'s Private Placement of Shares issued by the China Securities Regulatory Commission, approving the company's registration application for the private placement. The issuance shall be implemented strictly in accordance with the application documents and issuance plan submitted to the Shanghai Stock Exchange, and the approval is valid for 12 months from the date of registration approval. The company will handle matters related to this issuance within the prescribed period in accordance with the approval document and relevant laws and regulations, and will fulfill its information disclosure obligations in a timely manner.

Nancal Technology announced on October 8 that its wholly-owned subsidiary Beijing Nancal Ruiyuan Digital Technology Co., Ltd. recently signed a routine operating sales contract with a customer, with a contract value of 153 million yuan including tax. The contract involves the sale of customized servers, all-in-one machines and related products, representing an expansion of the company's AI product and service business in a niche segment. In the first half of 2026, Nancal Technology achieved revenue of 740 million yuan and net profit attributable to the parent company of 94.69 million yuan.

Sanhua Intelligent Controls announced on October 8 that as of September 30, 2026, the company had repurchased 5.5 million shares, accounting for 0.13% of total share capital. The transaction price range for this buyback was 35.05 yuan to 37 yuan per share, with a total transaction amount of 198 million yuan. In the first half of 2026, Sanhua Intelligent Controls achieved revenue of 16.9 billion yuan and net profit attributable to the parent company of 2.044 billion yuan.

Dalian Heavy Industry announced on October 8 that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 559 million yuan and 1.584 billion yuan, an increase of 14.14% to 19.24% year on year. The company said the change in performance was mainly due to operating revenue rising about 3% year on year from January to September 2026, with material handling equipment revenue growing significantly and gross profit increasing year on year, driving overall profit growth.

Jintuo Co., Ltd. announced that it has received the approval document issued by the China Securities Regulatory Commission regarding the registration of its private placement of shares. The CSRC has approved the company's registration application for the private placement. The company must strictly implement the issuance in accordance with the application documents and issuance plan submitted to the Shanghai Stock Exchange. The approval is valid for 12 months from the date of registration approval. From the date of approval until the completion of this issuance, if any major events occur, the company shall promptly report to the Shanghai Stock Exchange and handle them in accordance with relevant regulations. The company stated that it will, in accordance with the approval document, relevant laws and regulations, and the authorization of the shareholders' meeting, handle matters related to the private placement of A-shares within the prescribed period and fulfill its information disclosure obligations in a timely manner. The sponsor and lead underwriter for this issuance is Guotai Haitong Securities, with sponsor representatives Yang Bufan and Yang Bowen.

Sanhua Intelligent Controls announced that as of September 30, 2026, the company had repurchased a cumulative total of 5.5009 million A-shares through centralized bidding, accounting for 0.1307% of the company's total share capital, with a total transaction amount of 198 million yuan. The repurchase price range was 35.05 yuan to 37.00 yuan per share, in line with the established repurchase plan.

Nancal Technology announced on October 8 that its wholly owned subsidiary Beijing Nancal Ruiyuan Digital Technology Co., Ltd. recently signed a routine operating sales contract with a certain customer, with a contract amount of 153 million yuan including tax. According to the contract, Nancal Ruiyuan will sell customized servers, all-in-one machines, and related products to the customer.

Nancal Technology announced that its wholly owned subsidiary Beijing Nancal Ruiyuan Digital Technology recently signed a routine operating sales contract with a company affiliated to a large central state-owned enterprise, with a contract value of 153 million yuan including tax. Under the contract, the company will sell customized servers, all-in-one machines and related products to the customer. The company said this contract represents an expansion of its AI products and services business in a niche segment, and if smoothly fulfilled it will have a positive impact on the company's operating results.

Huaming Equipment announced that the company plans to use its own or self-raised funds to buy back company shares through centralized bidding, with a total repurchase amount of no less than 150 million yuan and no more than 250 million yuan, and a repurchase price not exceeding 22.96 yuan per share. The shares bought back this time will be used to implement an employee stock ownership plan or equity incentives, and the repurchase period is within 12 months from the date the board of directors approves the plan.

Dalian Heavy Industry announced that net profit attributable to shareholders of the listed company for the first three quarters of 2026 is expected to be between 559 million and 584 million yuan, an increase of 14.14% to 19.24% year on year. The change in performance is mainly because operating revenue from January to September 2026 grew by about 3% year on year, with material handling equipment revenue increasing significantly and gross profit rising year on year, driving overall profit growth. The company's net profit for the third quarter is expected to be between 188 million and 213 million yuan, while net profit for the second quarter was 162 million yuan. Based on this calculation, third-quarter net profit is expected to increase by 16% to 31% quarter on quarter.

Bright Laser Technologies announced that the company intends to sign a letter of intent for investment with the management committee of the Taicang High-Tech Industrial Development Zone in Jiangsu Province, to register a wholly owned subsidiary in the Taicang High-Tech Zone, and to invest in the construction of a high-end metal additive manufacturing industrial base project, with a total investment of about 1 billion yuan. The project plans to acquire about 100 mu of land, build a metal additive manufacturing equipment workshop, a high-precision metal additive product printing workshop, and other facilities, with a total floor area of about 104,000 square meters and a construction period of about 24 months. Funding sources include self-owned funds and bank loans, and do not involve raised funds. This investment has been approved by the board of directors and does not need to be submitted to the shareholders' meeting for review.