← Shenzhen hongfuhan Technology overview

Shenzhen hongfuhan Technology vs US HRC Steel: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Shenzhen hongfuhan Technology Co. Ltd. (301086.CS)

Q3 202628 Jul – 9 Oct 2026

▲4

Hongfuhan's liquid cooling business turns profitable, driving profit surge

Liquid cooling orders progressing steadily Hongfuhan's liquid cooling business orders are progressing steadily, as mentioned in a July 28 announcement roundup. This is an early sign that the company's new growth area is gaining traction, which could lead to higher future revenue and profits, pushing the stock price up.
It shows early momentum in a key new business that later became the main profit driver.
First-half profit jumps 221% Hongfuhan's first-half 2026 net profit rose 221.59% year on year to 73.1 million yuan, with revenue up 65.69%. Strong earnings growth shows the company is executing well, which typically boosts investor confidence and the stock price.
It provides concrete evidence of strong financial performance, a key driver of stock price.
Liquid cooling modules enter mass production Hongfuhan's liquid cooling plate rack modules entered mass production and delivery, with 185 million yuan of orders from a customer. This new business is becoming a core profit driver, expected to significantly boost revenue and earnings, pushing the stock price up.
It marks the commercialization of a major new product line, directly impacting future profits.
Q1-Q3 profit forecast up 108%-145% Hongfuhan forecasts first-three-quarter net profit of 170-200 million yuan, up 108%-145% year on year, with Q3 profit up 182%-270% from Q2. The strong forecast, driven by liquid cooling and steady traditional sales, signals accelerating growth and likely lifts the stock price.
It gives a clear, positive earnings outlook that directly influences investor expectations and stock price.

September 202628 Jul – 9 Oct 2026

▲4

Hongfuhan's liquid cooling business turns profitable, driving profit surge

Liquid cooling orders progressing steadily Hongfuhan's liquid cooling business orders are progressing steadily, as mentioned in a July 28 announcement roundup. This is an early sign that the company's new growth area is gaining traction, which could lead to higher future revenue and profits, pushing the stock price up.
It shows early momentum in a key new business that later became the main profit driver.
First-half profit jumps 221% Hongfuhan's first-half 2026 net profit rose 221.59% year on year to 73.1 million yuan, with revenue up 65.69%. Strong earnings growth shows the company is executing well, which typically boosts investor confidence and the stock price.
It provides concrete evidence of strong financial performance, a key driver of stock price.
Liquid cooling modules enter mass production Hongfuhan's liquid cooling plate rack modules entered mass production and delivery, with 185 million yuan of orders from a customer. This new business is becoming a core profit driver, expected to significantly boost revenue and earnings, pushing the stock price up.
It marks the commercialization of a major new product line, directly impacting future profits.
Q1-Q3 profit forecast up 108%-145% Hongfuhan forecasts first-three-quarter net profit of 170-200 million yuan, up 108%-145% year on year, with Q3 profit up 182%-270% from Q2. The strong forecast, driven by liquid cooling and steady traditional sales, signals accelerating growth and likely lifts the stock price.
It gives a clear, positive earnings outlook that directly influences investor expectations and stock price.

Latest28 Jul – 9 Oct 2026

▲4

Hongfuhan's liquid cooling business turns profitable, driving profit surge

Liquid cooling orders progressing steadily Hongfuhan's liquid cooling business orders are progressing steadily, as mentioned in a July 28 announcement roundup. This is an early sign that the company's new growth area is gaining traction, which could lead to higher future revenue and profits, pushing the stock price up.
It shows early momentum in a key new business that later became the main profit driver.
First-half profit jumps 221% Hongfuhan's first-half 2026 net profit rose 221.59% year on year to 73.1 million yuan, with revenue up 65.69%. Strong earnings growth shows the company is executing well, which typically boosts investor confidence and the stock price.
It provides concrete evidence of strong financial performance, a key driver of stock price.
Liquid cooling modules enter mass production Hongfuhan's liquid cooling plate rack modules entered mass production and delivery, with 185 million yuan of orders from a customer. This new business is becoming a core profit driver, expected to significantly boost revenue and earnings, pushing the stock price up.
It marks the commercialization of a major new product line, directly impacting future profits.
Q1-Q3 profit forecast up 108%-145% Hongfuhan forecasts first-three-quarter net profit of 170-200 million yuan, up 108%-145% year on year, with Q3 profit up 182%-270% from Q2. The strong forecast, driven by liquid cooling and steady traditional sales, signals accelerating growth and likely lifts the stock price.
It gives a clear, positive earnings outlook that directly influences investor expectations and stock price.

US HRC Steel (STEEL.COMM)

Q3 202624 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.

August 202624 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.

Latest24 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.