Hangjin Technology Co Ltd

Hangjin Technology released its 2026 interim report, with net profit attributable to the parent company of 49.86 million yuan, up 263.32% from the same period last year. Total operating revenue was 1.447 billion yuan, down 34.68% year-on-year. Net cash inflow from operating activities was 331 million yuan, down 12.75% year-on-year. The company's latest asset-liability ratio was 67.12%, gross margin was 12.30%, ROE was 2.28%, and diluted earnings per share was 0.08 yuan.

Hangjin Technology released its semi-annual report for 2026. Net profit attributable to shareholders of the listed company was 49.863 million yuan, up 263.32% year on year. The company achieved operating revenue of 1.447 billion yuan, down 34.68% year on year. The company plans no interim cash dividend, no bonus shares, and no conversion of capital reserve into share capital. Second-quarter net profit was 34 million yuan, up 108% quarter on quarter.

Hangjin Technology's wholly-owned subsidiary Weike Electronics plans to publicly list its 51% stake in CEC Huaxing for transfer through the Wuhan Optics Valley United Property Rights Exchange, with an initial listing price of no less than 48.4414 million yuan. CEC Huaxing is mainly engaged in electronic components and power module businesses. In 2025, its revenue was 205 million yuan but it posted a loss of 8.0785 million yuan. In the first quarter of 2026, revenue was 58.9428 million yuan with a loss of 580,600 yuan. The company stated that this move aims to divest businesses that lack synergy with its core operations, recover funds, and increase investment in computing power. CEC Huaxing still owes the company a loan principal of 15 million yuan, and the transferee must lend funds to CEC Huaxing before closing to repay this debt. Hangjin Technology has incurred losses for two consecutive years, but in the first half of 2026, benefiting from profits in the intelligent computing power segment, it expects net profit of 40 million to 56 million yuan, a year-on-year increase of 191% to 308%.

The market opened lower today, with the STAR 50 Index pulling back into positive territory. The gaming sector surged on news that 171 online games received publishing licenses in June, while semiconductor silicon wafer and lab-grown diamond concepts also led the gains. Twenty-five companies disclosed their first-half earnings forecasts, among which Yahua Group expects net profit to grow by 710.17 percent to 857.48 percent year-on-year, and Shiyuan Shares and Hangjin Technology have upper guidance limits exceeding 300 percent. Several stocks with strong earnings growth, such as Yahua Group, Shiyuan Shares, and Baodi Mining, hit their daily limit-up on opening. In addition, margin balances declined for three consecutive days, with Eoptolink Technology topping the list with net margin buying of 1.15 billion yuan, and the electronics sector was the most favored by margin traders. Another eight companies announced shareholder reduction plans.