Zhejiang Meili High Technology Co Ltd

Meili Technology disclosed its 2026 semi-annual report on August 29. In the first half of the year, it achieved total operating revenue of 2.085 billion yuan, up 131.73% year on year; net profit attributable to the parent company was 116 million yuan, up 44.87% year on year; and non-GAAP net profit was 111 million yuan, up 43.20% year on year. Net cash flow from operating activities was negative 171 million yuan, compared with 75.6253 million yuan in the same period last year. Basic earnings per share were 0.55 yuan, and the weighted average return on equity was 8.88%, up 1.9 percentage points year on year. The company is mainly engaged in the research and development, production, and sales of high-end spring products.

Meili Technology announced that its board of directors has approved a plan to issue shares to specific investors, aiming to raise no more than 585 million yuan. The funds will be used for an industrialization project with an annual output of 2 million intelligent suspension units and 10 million electric and hydraulic drive elastic components, as well as to supplement working capital.

On the evening of August 4, multiple listed companies released positive announcements. Fengzhushou's wholly-owned subsidiary, Ya'an Yunsuan, signed a server procurement agreement for computing power worth a total of 3.062 billion yuan, and signed a computing power service contract with Company B worth a total of 4.608 billion yuan, with a five-year cooperation period and an estimated average annual net profit of 60 million to 72 million yuan. Zhongfu Industrial disclosed its semi-annual report, with first-half net profit of 1.881 billion yuan, up 165.84% year-on-year, mainly benefiting from rising aluminum prices and increased sales of aluminum processed products. A subsidiary of Dajin Heavy Industry signed a contract with a Norwegian shipowner to build two bulk carriers, with a total value of about 1 billion yuan, to be delivered in batches by 2029. Meili Technology plans a private placement to raise no more than 585 million yuan for projects including an annual output of 2 million intelligent suspension units and 10 million electric and hydraulic drive elastic components. Jiangnan New Materials plans a private placement to raise no more than 1.6 billion yuan for the construction of high-purity electronic-grade copper oxide powder and liquid cooling heat dissipation module projects. Nord New Materials stated that monthly production scheduling of lithium battery copper foil continues to rise, and a second round of price adjustments is expected to be implemented in the third quarter. Zhongke Sanhuan is planning to acquire a controlling stake in Zhongdian Magnetic Acoustics, a manufacturer of rare earth permanent magnet devices. Zhidongli plans to invest about 300 million yuan in the industrialization of electronic specialty materials for optical communications, computing power thermal control, and ITO applications.