Jiangsu Huaxin New Material Co Ltd Class A

Huaxin New Materials announced that its wholly-owned subsidiary Huaxin High-Tech has completed the introduction and installation of production lines for two functional film material projects, which have now entered the trial run and trial production stage. The two projects are an annual output of 12 million square meters of functional film materials and an annual output of 5,000 tons of functional film materials, with planned investments of 123 million yuan and 80 million yuan respectively, funded by the company's own capital. The company stated that it will optimize equipment and process parameters based on trial production conditions, and complete project final accounting and acceptance after the trial production ends.

Huaxin New Materials disclosed its 2026 semi-annual report. In the first half, it achieved revenue of 187 million yuan, up 6.13% year on year, with net profit attributable to the parent of 23.446 million yuan and non-GAAP net profit of 22.6854 million yuan. Net cash flow from operating activities was 57.2752 million yuan, a marked improvement from the same period last year. Smart card base materials achieved revenue of 182 million yuan, up 5.04% year on year, with a gross margin of 31.89%, up 0.66 percentage points year on year. Affected by changes in foreign currency exchange gains and losses, financial expenses were 5.1118 million yuan, compared with negative 2.199 million yuan in the same period last year. The company built four new imported intelligent production lines, with the new capacity focused on high-end environmentally friendly base materials.