Shenzhen H&T Intelligent Control Co Ltd

H&T Intelligent Control released its 2026 interim report, with first-half net profit attributable to the parent company of 240 million yuan, down 32.23% year on year. The company said the decline was mainly due to a significant increase in exchange losses caused by the appreciation of the renminbi against the US dollar, as well as rising upstream raw material prices and a time lag in passing through costs. During the reporting period, financial expenses swung from a negative 63.43 million yuan in the same period last year to 149 million yuan, a year-on-year surge of 335.32%. Excluding the impact of exchange rate fluctuations, net profit attributable to the parent company for the intelligent controller business segment rose 12.55% year on year. Net cash flow from operating activities reached 221 million yuan, up 49.77% year on year. Revenue from automotive electronic intelligent controllers grew 39.27% year on year to 578 million yuan, becoming a business highlight. The company's share price has fallen by more than 40% cumulatively this year, with the latest total market value at 19.99 billion yuan.

HeT's actual controller Liu Jianwei has recently completed part of the share pledge and release of pledge procedures. This time, Liu Jianwei pledged 22.12 million shares, accounting for 18.38% of his holdings and 2.40% of the company's total share capital, with the purpose of repaying debts. At the same time, he released the pledge on 17.90 million shares, accounting for 14.87% of his holdings and 1.94% of the company's total share capital. After this change in shareholding, Liu Jianwei's cumulative pledged shares amount to 53.7781 million shares, representing 44.69% of his holdings and 5.82% of the company's total share capital.