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.
Shenzhen hongfuhan Technology Co. Ltd.Forecasts 108%-145% net profit growth for first three quarters, with Q3 profit up 182%-270% QoQ.
Controlling subsidiary received cold plate rack liquid cooling component award and 185 million yuan of mass production orders.
