← Shanghai Longcheer Technology Co. overview

Shanghai Longcheer Technology Co. vs Garmin: why the prices moved differently

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

Shanghai Longcheer Technology Co., Ltd. (603341.CG)

Q3 202616 Jul – 14 Aug 2026

▲2▼1

Longcheer buys data-center supplier Anruike for 1.12B yuan

Acquisition moves Longcheer into data center infrastructure Longcheer will pay 1.12 billion yuan for 80% of Suzhou Anruike, a maker of server racks, power units and busways. Anruike promises at least 130/160/190 million yuan profit in 2026-2028. This adds a new growth business beyond phones, which is why the stock is being re-rated.
The Anruike deal is the biggest new event and the main reason the stock is moving.
Big goodwill and weak core profit are the counterweight The deal creates about 900 million yuan of goodwill, so if Anruike misses targets, write-downs hit profit. Meanwhile first-quarter revenue fell 19.35% and net profit fell 90% year on year, showing the existing phone business is still weak. That limits how much the deal can lift the shares.
It gives the fair counterweight: the acquisition carries risk and the core business is shrinking.
Buyback and 3 billion yuan debt registration support funding Longcheer has repurchased 2.38 million shares for 90.08 million yuan, a sign management sees the stock as cheap. It also won approval to register 3 billion yuan of debt instruments, giving it a ready funding channel for the acquisition and operations. Both support the share price.
These are new capital actions that directly support the stock and fund the deal.
Small private-equity fund stake is minor and unclear A subsidiary is putting $15 million into a private equity fund, about 15.84% of that fund. It is a small amount next to the 1.12 billion yuan acquisition and the outcome is uncertain, so it barely moves the investment case.
It is a new but minor capital move that readers should not over-weight.

July 202616 Jul – 14 Aug 2026

▲2▼1

Longcheer buys data-center supplier Anruike for 1.12B yuan

Acquisition moves Longcheer into data center infrastructure Longcheer will pay 1.12 billion yuan for 80% of Suzhou Anruike, a maker of server racks, power units and busways. Anruike promises at least 130/160/190 million yuan profit in 2026-2028. This adds a new growth business beyond phones, which is why the stock is being re-rated.
The Anruike deal is the biggest new event and the main reason the stock is moving.
Big goodwill and weak core profit are the counterweight The deal creates about 900 million yuan of goodwill, so if Anruike misses targets, write-downs hit profit. Meanwhile first-quarter revenue fell 19.35% and net profit fell 90% year on year, showing the existing phone business is still weak. That limits how much the deal can lift the shares.
It gives the fair counterweight: the acquisition carries risk and the core business is shrinking.
Buyback and 3 billion yuan debt registration support funding Longcheer has repurchased 2.38 million shares for 90.08 million yuan, a sign management sees the stock as cheap. It also won approval to register 3 billion yuan of debt instruments, giving it a ready funding channel for the acquisition and operations. Both support the share price.
These are new capital actions that directly support the stock and fund the deal.
Small private-equity fund stake is minor and unclear A subsidiary is putting $15 million into a private equity fund, about 15.84% of that fund. It is a small amount next to the 1.12 billion yuan acquisition and the outcome is uncertain, so it barely moves the investment case.
It is a new but minor capital move that readers should not over-weight.

Latest16 Jul – 14 Aug 2026

▲2▼1

Longcheer buys data-center supplier Anruike for 1.12B yuan

Acquisition moves Longcheer into data center infrastructure Longcheer will pay 1.12 billion yuan for 80% of Suzhou Anruike, a maker of server racks, power units and busways. Anruike promises at least 130/160/190 million yuan profit in 2026-2028. This adds a new growth business beyond phones, which is why the stock is being re-rated.
The Anruike deal is the biggest new event and the main reason the stock is moving.
Big goodwill and weak core profit are the counterweight The deal creates about 900 million yuan of goodwill, so if Anruike misses targets, write-downs hit profit. Meanwhile first-quarter revenue fell 19.35% and net profit fell 90% year on year, showing the existing phone business is still weak. That limits how much the deal can lift the shares.
It gives the fair counterweight: the acquisition carries risk and the core business is shrinking.
Buyback and 3 billion yuan debt registration support funding Longcheer has repurchased 2.38 million shares for 90.08 million yuan, a sign management sees the stock as cheap. It also won approval to register 3 billion yuan of debt instruments, giving it a ready funding channel for the acquisition and operations. Both support the share price.
These are new capital actions that directly support the stock and fund the deal.
Small private-equity fund stake is minor and unclear A subsidiary is putting $15 million into a private equity fund, about 15.84% of that fund. It is a small amount next to the 1.12 billion yuan acquisition and the outcome is uncertain, so it barely moves the investment case.
It is a new but minor capital move that readers should not over-weight.

Garmin Ltd (GRMN)

Q3 202623 Jul – 6 Oct 2026

▲3

Garmin beat Q2, raised 2026 outlook, and kept launching premium devices

Q2 beat and raised full-year guidance Garmin's second-quarter revenue rose 11% to $2 billion and profit beat forecasts, led by fitness revenue up 25%. Management raised full-year revenue and earnings guidance, and the stock jumped about 16% on the news. Higher expected sales and profit are the core reason the shares moved up.
The guidance raise and earnings beat are the biggest fundamental driver of GRMN this period.
New premium watches and fitness acquisitions Garmin bought TrainingPeaks and TrainHeroic and launched the CIRQA band, then rolled out fēnix 9, Approach S72 and Enduro 4 watches priced $800-$1,100. These add higher-priced products and recurring fitness subscriptions, supporting revenue and profit growth.
Shows the product and ecosystem expansion that underpins Garmin's growth outlook.
Marine and aviation product momentum Garmin launched the GMI 40 marine instrument and SmartDrive sailboat autopilot, after marine revenue grew 14% to $341 million at strong margins. Aviation also grew on OEM and aftermarket demand. New products keep the smaller but profitable segments expanding.
Marine and aviation are meaningful profit contributors and their new launches support the raised outlook.
Free software updates and analyst praise, but weak spots remain Garmin added free fall detection and voice control to existing watches and won a Zacks Strong Buy mention, which supports its brand and pricing power. But outdoor revenue fell 2%, auto OEM profit was thin, and some funds sold, a real counterweight to the bullish story.
Gives the fair counterweight alongside the positive drivers.

August 202623 Jul – 6 Oct 2026

▲3

Garmin beat Q2, raised 2026 outlook, and kept launching premium devices

Q2 beat and raised full-year guidance Garmin's second-quarter revenue rose 11% to $2 billion and profit beat forecasts, led by fitness revenue up 25%. Management raised full-year revenue and earnings guidance, and the stock jumped about 16% on the news. Higher expected sales and profit are the core reason the shares moved up.
The guidance raise and earnings beat are the biggest fundamental driver of GRMN this period.
New premium watches and fitness acquisitions Garmin bought TrainingPeaks and TrainHeroic and launched the CIRQA band, then rolled out fēnix 9, Approach S72 and Enduro 4 watches priced $800-$1,100. These add higher-priced products and recurring fitness subscriptions, supporting revenue and profit growth.
Shows the product and ecosystem expansion that underpins Garmin's growth outlook.
Marine and aviation product momentum Garmin launched the GMI 40 marine instrument and SmartDrive sailboat autopilot, after marine revenue grew 14% to $341 million at strong margins. Aviation also grew on OEM and aftermarket demand. New products keep the smaller but profitable segments expanding.
Marine and aviation are meaningful profit contributors and their new launches support the raised outlook.
Free software updates and analyst praise, but weak spots remain Garmin added free fall detection and voice control to existing watches and won a Zacks Strong Buy mention, which supports its brand and pricing power. But outdoor revenue fell 2%, auto OEM profit was thin, and some funds sold, a real counterweight to the bullish story.
Gives the fair counterweight alongside the positive drivers.

Latest23 Jul – 6 Oct 2026

▲3

Garmin beat Q2, raised 2026 outlook, and kept launching premium devices

Q2 beat and raised full-year guidance Garmin's second-quarter revenue rose 11% to $2 billion and profit beat forecasts, led by fitness revenue up 25%. Management raised full-year revenue and earnings guidance, and the stock jumped about 16% on the news. Higher expected sales and profit are the core reason the shares moved up.
The guidance raise and earnings beat are the biggest fundamental driver of GRMN this period.
New premium watches and fitness acquisitions Garmin bought TrainingPeaks and TrainHeroic and launched the CIRQA band, then rolled out fēnix 9, Approach S72 and Enduro 4 watches priced $800-$1,100. These add higher-priced products and recurring fitness subscriptions, supporting revenue and profit growth.
Shows the product and ecosystem expansion that underpins Garmin's growth outlook.
Marine and aviation product momentum Garmin launched the GMI 40 marine instrument and SmartDrive sailboat autopilot, after marine revenue grew 14% to $341 million at strong margins. Aviation also grew on OEM and aftermarket demand. New products keep the smaller but profitable segments expanding.
Marine and aviation are meaningful profit contributors and their new launches support the raised outlook.
Free software updates and analyst praise, but weak spots remain Garmin added free fall detection and voice control to existing watches and won a Zacks Strong Buy mention, which supports its brand and pricing power. But outdoor revenue fell 2%, auto OEM profit was thin, and some funds sold, a real counterweight to the bullish story.
Gives the fair counterweight alongside the positive drivers.