Zhuzhou Hongda Electronics Corp Ltd Class A

Hongda Electronics announced that Jiangsu Zhanxin Semiconductor Technology, in which it indirectly holds a stake, will list on the ChiNext board of the Shenzhen Stock Exchange on August 7, 2026, under the stock name Zhanxin Semiconductor and code 301707. Before the offering, the company indirectly held 51.0236 million shares of Zhanxin Semiconductor through Nanjing Yixin Yiyi Venture Capital Partnership, representing 13.79% of the total share capital before issuance. After the offering, the indirect shareholding ratio will drop to 12.41%, with a lock-up period of 36 months. The company stated that its investment in Yixin Yiyi is accounted for using the equity method, and fluctuations in Zhanxin Semiconductor's share price will not have a material impact on the current financial statements.

Commercial aerospace stocks surged in afternoon trading, with Landun Photoelectron hitting the 20 percent daily limit up, and Tianhe Defense and Aerospace Nanhu rising over 5 percent. The market is focused on the upcoming launch of LandSpace's Zhuque-3 Yao-2 reusable rocket. A research report from Huatai Securities believes that after nine months of preparation, the probability of a successful recovery in the second flight test of Zhuque-3 is relatively high. Zhongtai Securities pointed out that if Zhuque-3 achieves stable recovery and reuse, it will drive the transformation of China's commercial rocket launches toward high-frequency operations. Several A-share companies, including Sirui Advanced Materials, Shenjian Corporation, and Hongda Electronics, have confirmed business cooperation with LandSpace. Sirui Advanced Materials and Goldwind Science and Technology also hold equity stakes, but the relevant companies emphasize that the business volume and shareholding ratios are small. Institutions unanimously predict that commercial aerospace concept stocks whose net profit growth rates are expected to continue doubling in 2026 and 2027 include Yuhuan CNC Machine Tool, Shaanxi Huada, Zhongtian Rocket, Shanghai Hanxun, and Aerospace Nanhu.