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The extraordinary general meeting of shareholders No. 1/2569 of AJA Advance Technology Public Company Limited, or AJA, held on October 2, 2569, resolved to approve all agenda items proposed by the board, covering the capital restructuring, the issuance and offering of convertible bonds, and the capital increase and allocation of newly issued ordinary shares. The meeting approved a reduction of registered capital by 408.82 million baht, from 983.14 million baht to 574.32 million baht, by cutting approximately 4,088.22 million unissued ordinary shares. It also approved the issuance and offering of convertible bonds to AO Fund and AO Fund 1 with a total value of not more than 700 million baht, to be used as working capital and to enhance liquidity. In addition, shareholders approved an increase in registered capital of 135 million baht, from 574.32 million baht to 709.32 million baht, along with the allocation of not more than 1,350 million newly issued ordinary shares with a par value of 0.10 baht per share, representing 23.51% of the total issued and paid-up shares as of August 26, 2569, to accommodate the exercise of conversion rights under the said bonds. With this approval, AJA can proceed with its capital structure plan, increasing financial flexibility and liquidity while supporting the business operations and future growth opportunities of the group.

Light Up Total Solution Public Company Limited, or LTS, expects to fully recognise 100% of its backlog, worth approximately 60 million baht, within this year, according to Chief Executive Officer Phat Trasophosit. Third-quarter 2026 results remained steady from the second quarter, when the company posted a profit of 7.5 million baht and revenue of 132 million baht, because the third quarter was mainly a preparation period. The company is preparing to bid on three to four new projects with a combined value in the hundreds of millions of baht, with contracts expected to be signed in the fourth quarter of 2026 and some revenue, roughly 40 million baht, potentially recognised then. The remainder will begin to be recognised in the first or second quarter of 2027. The company puts its chances of winning the work at about 70%, citing its expertise and ready qualifications, and therefore expects 2027 results to grow by leaps and bounds, driven by government funding to accelerate the switch to energy-saving LED lighting in public areas. The company is also looking at one or two opportunities related to data centres, both in the form of equipment leasing and system testing work, though there is no clear timeline yet because it must wait for contracts with clients and several items of equipment are in short supply. At the same time, it plans to expand into AI Cloud rental services through the establishment of a joint venture, Noventrix Company Limited, in which the company will hold about 40%. The establishment has been pushed back to the fourth quarter of 2026 from an earlier target of completion within September, due to product supply shortages.

Happinet announced on September 28 that for the second quarter of the fiscal year ending March 2027, covering July to September 2026, it expects consolidated results of 124.719 billion yen in net sales, up 24.1% year on year, 8.966 billion yen in operating profit, up 88.1%, 8.929 billion yen in ordinary profit, up 84.2%, and 6.254 billion yen in net profit, up 86.6%. Based on the forecast revised today, these figures appear set to mark the highest quarterly profit on record, with net sales also reaching their highest level for a second quarter. The company attributed the performance to strong sales of its convenience-store lottery product Ichiban Kuji and trading cards in its toy business, as well as a major expansion in capsule toy sales in its amusement business driven by hit products.

In the Tokyo stock market on the 9th, Accel, Happinet, Asahi Yukizai, NSD, and NaITO were bought after raising their earnings forecasts the previous day. Accel hit the daily limit-up with pro-rata allocation, lifting its first-half operating profit from a previous forecast of 970 million yen to 1.33 billion yen and its full-year figure from 1.2 billion yen to 2.29 billion yen, while also raising its annual dividend from 41 yen to 79 yen. Happinet raised its first-half operating profit from 7.8 billion yen to 13.5 billion yen; Asahi Yukizai lifted its first-half figure from 3.9 billion yen to 5.5 billion yen and its full-year figure from 8.5 billion yen to 12 billion yen, and increased its annual dividend from 130 yen to 180 yen. NSD raised its first-half operating profit from 8.4 billion yen to 8.9 billion yen and its full-year figure from 19.5 billion yen to 20.1 billion yen, while NaITO revised its full-year operating profit forecast upward from 400 million yen to 1.25 billion yen. Meanwhile, MediciNova hit the daily limit-down with pro-rata allocation after its Phase 2 clinical trial of MN-001 failed to show statistical superiority, and Chugai Pharmaceutical fell sharply for a second day after Roche decided to discontinue development of GYM329, a candidate treatment for obesity.

The main individual items announced on the 28th are as follows. NSD upwardly revised its consolidated earnings forecast for the fiscal year ending March 2027 and raised its year-end lump-sum dividend forecast from 97 yen to 100 yen. SBSHD will acquire all shares of Mitsubishi Chemical Logistics from Mitsubishi Chemical Group and make it a subsidiary. Chugai Pharma will discontinue development of GYM329 "Emgrobalt" for obesity. Happinet raised its consolidated operating profit forecast for the first half of the fiscal year ending March 2027 from 7.8 billion yen to 13.5 billion yen, as lottery products and trading cards performed well and hit products also emerged in capsule toys. AI Mekatek received orders for wafer-level packaging systems from two major overseas semiconductor-related manufacturers, with the order value at approximately 4.5 billion yen. Axel substantially upwardly revised its consolidated operating profit forecast for the fiscal year ending March 2027 to 2.29 billion yen, up 37.6 percent year on year, and increased its dividend forecast to 79 yen.

Among the companies that reported earnings after the close on September 28, several were highlighted as likely to be well received by the market for strong results or dividend increases. Accel raised its consolidated ordinary profit forecast for the fiscal year ending March 2027 by 85.0%, from 1.27 billion yen to 2.35 billion yen, now projecting a 31.1% profit increase after a prior decline, and lifted its year-end lump-sum dividend from 41 yen to 79 yen. Asahi Yukizai raised its ordinary profit forecast for the same period by 41.4%, from 8.7 billion yen to 12.3 billion yen, and increased its annual dividend from 130 yen to 180 yen. Happinet raised its ordinary profit forecast for the first half of the fiscal year ending March 2027 by 68.8%, from 8.0 billion yen to 13.5 billion yen, now expecting a 51.4% profit increase and a sixth consecutive record first-half profit. Naito revised its ordinary profit forecast for the fiscal year ending February 2027 upward threefold, from 430 million yen to 1.3 billion yen, now projecting a 2.9-fold profit increase. NSD raised its ordinary profit forecast for the fiscal year ending March 2027 by 3.6%, from 19.7 billion yen to 20.4 billion yen, adding to an eighth consecutive record profit projection, and increased its year-end lump-sum dividend from 97 yen to 100 yen.

Happinet announced on September 28 that it has upwardly revised its consolidated earnings forecast for the cumulative second quarter (April to September) of the fiscal year ending March 2027. Revenue is now expected to rise 15.0% from 200 billion yen to 230 billion yen, operating profit to increase 73.1% from 7.8 billion yen to 13.5 billion yen, ordinary profit to climb 68.8% from 8 billion yen to 13.5 billion yen, and net profit to jump 80.0% from 5 billion yen to 9 billion yen. In the toy business, lottery products for convenience stores and trading cards performed strongly, while in the amusement business, capsule toys grew significantly on the back of hit products, and both revenue and each profit measure are now expected to exceed the previous forecast. The company said it has not revised its full-year consolidated earnings forecast because the outlook for the Christmas and year-end and New Year shopping season, the largest sales period for the group, remains uncertain at this point.

Phichai Panjasang, Chief Executive Officer of AJ Advance Technology Public Company Limited, or AJA, disclosed that the company has benefited significantly from its Alibaba.com business, for which it serves as an Official Partner in Thailand. Customer response and interest have grown by roughly 20-30%, as many small and medium-sized enterprises, or SMEs, and Thai businesses have turned to expanding into overseas markets to generate new revenue amid shrinking domestic purchasing power. As a result, sales in the company's electric motorcycle business declined, while its athletic footwear and sporting goods distribution business continues to operate as normal. On the clean energy side, the company has signed a cooperation agreement and begun a Proof of Concept, or POC, pilot project with J&T Express, installing solar power systems on the rooftops of transport stations, EV charging stations, and battery swap cabinets. The installation of solar cells at the first branch is expected to be completed by early October, with full end-to-end testing of the station, battery, and electric motorcycle systems set to begin within November. If the POC results meet their targets, AJA plans to expand this clean energy ecosystem to J&T Express branches nationwide. Meanwhile, the company will hold an extraordinary shareholders' meeting on October 2 to seek approval for a convertible bond issuance of up to 700 million baht. Management stated that this is not new debt but a renewal of an existing facility previously approved by a shareholders' meeting. The original facility expired because the company carried out a private placement, which changed the shareholding proportion of existing shareholders and the capital structure, requiring a new shareholder resolution in accordance with the rules of the Securities and Exchange Commission, or SEC, and the Stock Exchange of Thailand.

MonotaRO's first half of the fiscal year ending December 2026 came in with revenue of 193.2 billion yen, operating profit of 27.3 billion yen, ordinary profit of 27.1 billion yen, and interim net profit attributable to owners of the parent of 18.5 billion yen. Progress against the full-year plan stood at 50.7 percent for revenue and 51.5 percent for operating profit, in line with the plan. The full-year plan calls for revenue of 381.3 billion yen, up 14.2 percent year on year, operating profit of 53 billion yen, up 14.9 percent, and net profit of 36.1 billion yen, up 11.5 percent, slightly below the company's stated growth target of more than 15 percent. In the first quarter of the fiscal year ending December 2026, revenue was 95.5 billion yen, up 20.8 percent from a year earlier, and operating profit was 13.1 billion yen, up 22.6 percent, growing at a pace of around 20 percent, driven by acquiring new customers, expanding the number of product items handled, developing private brand products, and growing the enterprise business for large corporations. In the previous fiscal year ending December 2025, revenue was 333.8 billion yen, operating profit was 46.1 billion yen, up 24.6 percent year on year, and net profit was 32.4 billion yen, up 23.1 percent. The share price fell about 30 percent from the 2,500 yen range at the end of December 2025 to the 1,700 yen range at the end of March 2026, then recovered to the 1,900 yen range by the end of August.

Sahapat Pibul Public Company Limited, or SPC, disclosed that its Board of Directors, at the fourth meeting of the 33rd board, held on 17 September 2026, resolved to approve the purchase of 1,545,000 newly issued ordinary shares of E-Commerce Digital AI Thai Holding Public Company Limited, or EDTH, at 100 baht per share, for a total value of 155 million baht, with the transaction scheduled to be carried out within the fourth quarter of 2026. The purchase follows EDTH's annual general meeting resolution to increase its registered capital from 2.096 billion baht to 5 billion baht and to offer the newly issued shares for sale to specific persons. The transaction qualifies as a connected transaction because SPC and EDTH share major shareholders, and also have a major shareholder who is a close relative of a director. After this purchase of capital-increase shares, SPC's shareholding proportion in EDTH will rise from 7.32% of paid-up registered capital to 9.06% of the new registered capital, with the objective of jointly investing in the digital technology investment business, which is seen as having growth prospects in the future, as well as diversifying investments and generating returns from dividends.

Stock Focus today rounds up the key points on several stocks. BGRIM is likely to close deals for large IPP gas-fired power plants in Vietnam and Malaysia totalling 3,000 megawatts by late this year to early next year, and is preparing to file for extensions of 22 existing power plant projects with a combined capacity of 3,000 megawatts under the PDP plan, and will open the first phase of its data centre this November. ADVICE said the iPhone 18 is hot, with the iPhone 18 Pro Max fully booked in pre-orders, and handsets will start being delivered this Friday, which will support third-quarter revenue in 2026, while the company maintains its full-year revenue growth target of 15% from a year earlier and aims to reach 29 branches by the end of 2026, up from 22 in the first half. MMM is pressing ahead with new partners to supply the property business, maintaining a stock of 800 units, with a strategy targeting the 4-5 million baht price segment, drawing on its Prukasa subsidiary to help with construction, and is confident fourth-quarter results will peak, targeting full-year growth of 30-40%. KCC has set its sights on 2026, aiming to bring 500 million baht of NPLs into its portfolio and grow at least 30% after raising 450 million baht through debentures, and is studying plans to buy more NPAs. EURO is expanding the luxury market together with SC, opening the luxury villa project The Gentry Cultivar Rama 9 priced at 30-50 million baht. POLY reaffirmed its full-year revenue growth target of 10% after first-half revenue of 628 million baht, with its automotive business rising to a 60% share on continuous orders from Toyota, and has just set up a subsidiary to move into the electrical and electronics business as a new S-curve. MGC is extending its Mobility Ecosystem through its SIXT car rental business, partnering with ROYS HOTEL to provide electric XPENG vehicles to shuttle guests, with ROYS HOTEL spending 300 million baht on a major renovation and aiming to open in 2027. In insurance, the cabinet approved a national catastrophe insurance plan covering 30 million households, with protection against floods, storms, earthquakes and loss of life, starting this October 1. TWPC is set to drive sales growth in its overseas food and sauce business above 10% after acquiring Well-Grow, which began contributing revenue in September, supporting fourth-quarter 2026 results. Brokers recommend buying KLINIQ and MASTER on expectations that second-half profit will accelerate, with KLINIQ having a network of more than 84 branches. SCB EIC reaffirmed that foreign capital remains interested in investing in Thailand and is watching for the government to issue new data centre rules this year. Finansia recommends buying STECON with a target of 22.50 baht, and Globlex recommends WHA with a target of 5.40 baht. SIRI is pushing low-rise sales towards a target of 25 billion baht and will launch Burasiri Well Krungthep Kreetha worth 6 billion baht, priced at 23-40 million baht, during September 19-20. BEM said the Expressway Authority of Thailand is discussing ways to reduce the impact before raising tolls on the Chalong Rat expressway on December 15, with the new rates starting at 80 baht for four-wheel vehicles, 130 baht for six-to-ten-wheel vehicles and 180 baht for vehicles with more than ten wheels. ONEAM will hold a meeting of GROREIT trust unitholders on October 28 to vote on selling the Royal Orchid Sheraton hotel, with three options: having ROH buy it back for 4.873 billion baht, selling it to Orchid Hospitality, which has offered 5.3 billion baht, or holding a general auction. If the sale succeeds, the trust will immediately proceed with liquidation.

Euro Creations Public Company Limited, or EURO, has announced a partnership with SC Asset Corporation Public Company Limited, or SC, to furnish "The Gentry Cultivar Rama 9," a luxury villa project, under the campaign "THE CULTIVAR ATELIER – The Art of Personal Curation." Kevin Gambir, Chief Executive Officer and Executive Director of EURO, said the collaboration reflects the company's approach of bringing global brands to create living experiences for high-purchasing-power customers. EURO has curated furniture and decor from several global brands, including Cassina, Molteni&C, Rolf Benz, Calligaris and Giorgetti, as well as fitness equipment from Technogym. The project consists of three-storey luxury villas with only 15 units on an area of more than 5 rai 1 ngan 93.8 square wah. There are three home designs to choose from: Hideaway with 550 square metres of usable space, Haven with 440 square metres, and Hyde with 362 square metres. Prices start at 30-50 million baht.

Euro Creations Public Company Limited, or EURO, has announced a partnership with SC Asset Corporation Public Company Limited, or SC, to furnish the interiors of luxury villas at The Gentry Cultivar Rama 9 with furniture and décor from global brands, under the campaign THE CULTIVAR ATELIER - The Art of Personal Curation. Kevin Gambir, Chief Executive Officer and Executive Director of EURO, said the collaboration aims to serve high-purchasing-power customers through a concept built on the relationship between people, space, function and design. EURO has curated furniture from several global brands, including Cassina, Molteni&C, Rolf Benz, Calligaris and Giorgetti, as well as fitness equipment from Technogym. Cassina, a high-end Italian brand, is the highlight, with its iconic design pieces used from the living room, dining room and bedroom to the music room and workspace, while the fitness area features Technogym products. The Gentry Cultivar Rama 9 is a three-storey luxury villa project with only 15 units on more than 5 rai 1 ngan 93.8 square wah of land. Buyers can choose from three models: Hideaway with 550 square metres of usable space, Haven with 440 square metres, and Hyde with 362 square metres, with prices starting from 30 to 50 million baht.

Euro Creations Public Company Limited, or EURO, has announced a partnership with SC Asset Corporation Public Company Limited, or SC, to launch world-class fully furnished ready-to-move-in homes at The Gentry Cultivar Rama 9 under the campaign THE CULTIVAR ATELIER – The Art of Personal Curation. Kevin Gambir, Chief Executive Officer and Executive Director of EURO, said the partnership reflects the company's strength as a specialist in Luxury Lifestyle and Wellness Living Solutions, creating every living space through world-class brands in order to drive strong and sustainable growth in its operating results. EURO has curated furniture and décor from leading global brands such as Cassina, Molteni&C, Rolf Benz, Calligaris and Giorgetti, as well as fitness equipment from Technogym. A key highlight is Cassina, a high-end Italian furniture brand. The Gentry Cultivar Rama 9 is a luxury three-storey villa project with only 15 private units on a site of more than 5 rai 1 ngan 93.8 square wah. There are three home designs to choose from: Hideaway with 550 square metres of usable space, Haven with 440 square metres, and Hyde with 362 square metres. Prices start at 30 to 50 million baht.

Euro Creations Public Company Limited, or EURO, has announced a partnership with SC Asset Corporation Public Company Limited, or SC, to launch world-class fully furnished ready-to-move-in homes at The Gentry Cultivar Rama 9 under the campaign "THE CULTIVAR ATELIER - The Art of Personal Curation." Kevin Gambir, Chief Executive Officer and Executive Director of Euro Creations Public Company Limited, said the collaboration reflects EURO's role as a specialist in Luxury Lifestyle and Wellness Living Solutions, bringing global brands to create living experiences for high-end customers. EURO has curated furniture and décor from leading brands such as Cassina, Molteni&C, Rolf Benz, Calligaris and Giorgetti, as well as fitness equipment from Technogym. The highlight is Cassina, a high-end Italian furniture brand whose iconic designs are used in the living room, dining room, bedroom, music room and workspace, while the fitness area uses Technogym products. The project is a three-storey luxury villa development with only 15 units on more than 5 rai 1 ngan 93.8 square wah of land. There are three home types: Hideaway with 550 square metres of usable space, Haven with 440 square metres, and Hyde with 362 square metres. Prices start at 30 to 50 million baht.

Alliance Entertainment Holding Corporation reported fiscal 2026 net revenue of $1.15 billion, up 8%, with gross margin expanding 80 basis points to 13.3% from 12.5%, and said its new WebAMI platform is scheduled to launch in the first quarter of 2027. CEO Jeffrey Walker said fiscal 2026 was "a year of acceleration," with adjusted EBITDA of $41.5 million and fourth-quarter revenue up 18% year-over-year to $268.1 million. CFO Amanda Gnecco reported gross profit of $152.3 million, GAAP operating income of $27.2 million and net income of $13.1 million, while adjusted net income rose 24% to $23.4 million and adjusted diluted earnings per share rose 24% to $0.46. Interest expense declined 28% to $7.6 million as the average effective interest rate improved to 6.1% from 9.2%, and $74.3 million was outstanding under the company's $120 million revolving credit facility, leaving $45.7 million of availability. Fiscal 2026 also included a $7.8 million non-cash write-off of a historical vendor rebate receivable associated with Tastemakers following the counterparty's cessation of operations, and Gnecco said fiscal 2027 priorities include converting a greater share of earnings into operating cash flow by moderating working capital growth, improving inventory productivity and strengthening receivable collections.

Alliance Entertainment Holding Corp reported fiscal 2026 net revenue of $1.15 billion, up 8% from $1.06 billion in fiscal 2025, with fourth-quarter revenue rising 18% year over year to $268.1 million. Gross profit grew 15% to $152.3 million and gross margin expanded 80 basis points to 13.3%, while adjusted EBITDA increased 14% to $41.5 million and adjusted diluted EPS rose 24% to $0.46 from $0.37. GAAP operating income fell to $27.2 million from $30.1 million and net income declined to $13.1 million from $15.1 million, partly due to a $7.8 million non-cash vendor rebate write-off, and operating cash flow turned negative at $1.7 million used versus $26.8 million provided a year earlier. Within the revenue total, vinyl revenue rose 13% to $383 million, CD revenue rose 25% to $156 million, physical movie revenue rose 22% to $339 million, collectibles revenue rose 45% to $32 million, and distribution and fulfillment fee revenue rose 26% to $18.6 million. The company had $74.3 million outstanding under its $120 million revolving credit facility with $45.7 million of availability, and repaid $10 million of related party borrowings.

Star Money Public Company Limited, or STARM, a provider of retail lending and a distributor of electrical appliances and mobile phones under the Star Money brand, has announced a strategy to expand its hire-purchase loan portfolio and go fully online in the second half of this year, after purchasing power in the eastern region and the Eastern Economic Corridor, or EEC, began to recover. Chusak Wiwatwongkasem, Managing Director of STARM, disclosed that the company is studying opportunities for partnerships with allies to expand its hire-purchase loan portfolio, supported by the Board of Investment, or BOI, approving investment promotion for several large projects, some of which are located in the eastern region. The company plans to fully launch online services across both its e-commerce platform and LINE OA, while bringing a loan origination system, or LOS, and a loan management system, or LMS, into use across the entire organisation. As for its operating results in 2025, the company reported total revenue of 1.50794 billion baht and net profit of 84.82 million baht, a record high in three years, compared with 2024, when total revenue was 1.54506 billion baht and net profit was 50.58 million baht, and 2023, when total revenue was 1.37985 billion baht and net profit was 61.75 million baht. In the first quarter of 2026, total revenue was 359.64 million baht and net profit was 25.11 million baht.

Euro Creations Public Company Limited (EURO) reported its operating results for the first half of 2026, with a net profit of 87 million baht, an increase of 26.9% from the same period last year. It ranked among the companies with the highest net profit in the consumer products industry group on the Market for Alternative Investment (MAI). Meanwhile, the company has a total backlog of over 1,716 million baht from both B2C and B2B customer groups, which will be recognized as revenue according to the delivery plan, supporting the performance trend in the second half of the year. Management maintains the revenue growth target of 10-15% from the previous year and continues to execute its business expansion strategy as planned in the second half.

Euro Creations Public Company Limited (EURO) reported outstanding first-half performance, ranking among the companies with the highest net profit in the Consumer Products Industry Group (CONSUMP) on the Market for Alternative Investment (mai), with a net profit of 87 million baht, an increase of 26.9% from the same period last year. It also has sales order outstanding from both B2C and B2B totaling over 1,716 million baht, to be recognized gradually according to delivery plans. Management maintains the revenue target for 2026 to grow 10-15% from the previous year and continues with business expansion plans in the second half.

Mr. Chusak Wiwatwongkasem, Managing Director of Star Money Public Company Limited (STARM), revealed that in the second half of 2026, the company will focus on managing the quality of its loan portfolio to reduce non-performing loans (NPL) to below 4.55%, after the second quarter of 2026 saw NPLs drop to 3.1% from 4.9% at the end of the previous year. This will help lower credit costs and support continued profit growth, even though total revenue this year is expected to remain flat or increase slightly, as 85% of the portfolio is still in car title loans, an industry that has not yet recovered. However, profits this year are expected to be higher than last year's 84 million baht, driven by the expansion of the hire-purchase portfolio, which currently accounts for only 15%, and the launch of hire-purchase loans with Chinese electric motorcycle dealers in the eastern region, as well as increasing online channels and offering EV car title loans to build a new customer base. Meanwhile, the company will selectively extend loans based on customer risk, with high-risk customers required to make larger down payments, while low-risk customers may have smaller or no down payments, to manage risk and maintain the customer base.

Liaoning Chengda released its 2026 interim report, showing first-half net profit attributable to the parent of 1.62 billion yuan, up 125.8% year on year. Operating revenue was 4.41 billion yuan, down 17.5% year on year. Net profit attributable to the parent after deducting non-recurring items was 1.63 billion yuan, up 129.6% year on year. Net operating cash flow was 68.83 million yuan, up 149.2% year on year. Earnings per share were 1.0642 yuan. In the second quarter, operating revenue was 2.42 billion yuan, down 12.9% year on year, while net profit attributable to the parent was 1.07 billion yuan, up 188.8% year on year. As of the end of the second quarter, total assets stood at 51.25 billion yuan, up 4.4% from the end of the previous year, and net assets attributable to the parent stood at 29.905 billion yuan, up 3.9% from the end of the previous year. The company said international geopolitical conflicts and trade protectionism have created operating pressure, but its financial investment business performed well, driving growth in investment income. Its controlling subsidiary Xinjiang Baoming has been in long-term production suspension since November 2025, with no major operating changes during the reporting period.

Liaoning Chengda disclosed its semi-annual report on August 30. In the first half of 2026, it achieved operating revenue of 4.411 billion yuan, down 13.56% year on year. Net profit attributable to shareholders of the listed company was 1.62 billion yuan, up 125.77% year on year. Basic earnings per share were 1.0642 yuan. During the reporting period, the main reason for the change in revenue was a year-on-year decline in the scale of bulk commodity trading, while the main reason for the increase in net profit was a year-on-year increase in the company's investment income.

Liaoning Chengda released its 2026 semi-annual report, achieving operating revenue of 4.411 billion yuan, down 13.56% year on year. Net profit attributable to shareholders of the listed company was 1.62 billion yuan, up 125.77% year on year, mainly due to a year-on-year increase in investment income. Among this, second-quarter net profit was 1.069 billion yuan, up 94% quarter on quarter, compared with the previously forecast range of 901 million to 1.159 billion yuan.

Orient International Enterprise released its 2026 interim report on August 27. Leveraging the coordinated efforts of its three core businesses—goods trade, modern logistics, and comprehensive health—the company maintained operational resilience amid external demand pressure, with core business profitability steadily improving. At the same time, fair value fluctuations in financial assets weighed on current-period profit to a certain extent, and operating cash flow experienced a phased outflow due to the progress of export tax rebates. Financial data show that during the reporting period, the company achieved operating revenue of 15.958 billion yuan, up 3.09 percent year on year; net profit attributable to the parent company was 123 million yuan, up 5.82 percent year on year; and net profit attributable to the parent company excluding non-recurring items was 140 million yuan, up 17.21 percent year on year. Net cash flow from operating activities was negative 878 million yuan, with the net outflow widening compared with the same period last year, mainly because export tax rebates for some trading subsidiaries were still being processed. Revenue and profit grew in tandem, and the growth rate of net profit excluding non-recurring items was significantly higher than that of net profit attributable to the parent company, reflecting an improvement in core business earnings quality. However, fair value change losses on financial assets within non-recurring items suppressed overall performance. In terms of business structure, the company's main operations cover textile and apparel import and export, international logistics, and medical device supply chain services. During the reporting period, the trade segment deepened its self-operated plus integrated overseas supply chain system and promoted the transformation of its sweater business from OEM to ODM and OTM, effectively offsetting cost pressure. The logistics segment coordinated efforts across ocean freight, air freight, and warehousing, optimized global route layouts, and expanded incremental markets beyond the United States. The comprehensive health segment focused on medical equipment tendering, import, and supply chain services, and tapped incremental demand from new hospital construction and expansion projects. Although traditional textile and apparel exports faced the challenge of shrinking external demand, the company achieved overall stability in import and export business scale by focusing on high-value-added products and expanding into emerging markets. The performance growth was mainly driven by improved gross margins from core business quality and efficiency gains, as well as an increase in investment income, with investment income from the associated company Suzhou New District contributing significantly. However, the decline in the fair value of held financial assets resulted in negative fair value change gains, which to some extent offset the growth achievements of the core business. Looking ahead, escalating global trade protectionism and supply chain restructuring remain the main risks. Stricter rules of origin reviews and logistics cost fluctuations caused by geopolitical conflicts may squeeze profit margins. In addition, raw material price volatility and two-way exchange rate fluctuations also pose challenges to cost control. The company will respond to uncertainty by building a highly resilient supply chain and using financial instruments to hedge exchange rate and raw material risks. Going forward, attention should be paid to the recovery of operating cash flow as export tax rebates return, as well as the continued positive impact of a rising share of high-value-added products on gross margins.

Orient International Enterprise released its 2026 interim report, with total operating revenue of 15.958 billion yuan, up 3.09% year on year, and net profit attributable to the parent company of 123 million yuan, up 5.82% year on year. Net cash flow from operating activities was negative 878 million yuan, the asset-liability ratio was 55.93%, gross margin was 4.37%, and return on equity was 1.45%. Diluted earnings per share were 0.14 yuan, up 7.69% year on year. The number of shareholders was 21,500, and the top ten shareholders held 71.23% of total share capital.

Shenda Co., Ltd. released its 2026 interim report, showing total operating revenue of 5.06 billion yuan and net profit attributable to the parent company of 37.27 million yuan, an increase of 90.90 million yuan compared with the same period last year, achieving a turnaround from loss to profit. Net cash inflow from operating activities was 277 million yuan, up 75.55 percent year-on-year. The company's asset-liability ratio was 64.71 percent, gross margin was 9.48 percent, return on equity was 1.16 percent, and diluted earnings per share was 0.03 yuan. The number of shareholders was 41,000, and the top ten shareholders held 59.84 percent of total share capital.

Shenhua Holdings released its 2026 interim report. Total operating revenue was 1.397 billion yuan, and net profit attributable to the parent company was a loss of 18.5789 million yuan, an improvement of 40.7346 million yuan compared with the same period last year, narrowing the loss. Net cash inflow from operating activities was 47.1559 million yuan, up 405.46 percent year-on-year. The asset-liability ratio was 71.66 percent, down 1.39 percentage points from the previous quarter. Gross margin was 7.94 percent, rising for four consecutive quarters and up 4.27 percentage points from the same period last year. Diluted earnings per share were negative 0.01 yuan, an increase of 0.02 yuan compared with the same period last year. The number of shareholders was 124,300, and the top ten shareholders held 28.48 percent of total share capital.

Shenhua Holdings released its 2026 interim report on August 26. First-half operating revenue was 1.40 billion yuan, down 24.3 percent year on year, while net profit attributable to the parent narrowed from a loss of 59.31 million yuan in the same period last year to a loss of 18.58 million yuan. The company returned to profit in the second quarter, with net profit attributable to the parent of 3.67 million yuan, compared with a loss of 47.36 million yuan a year earlier. As of the end of the second quarter, total assets were 2.607 billion yuan, down 7.9 percent from the end of the previous year. During the reporting period, the automobile sales and services business sold 3,662 BMW-brand vehicles through subsidiary Shenhua Chenbao, with net profit of about 10.43 million yuan and gross margin up 8.43 percentage points year on year. The property leasing and management business is centred on Shenhua Financial Tower. The company said that amid weakening consumer demand and intensifying market competition, it kept core operations stable and effectively resolved legacy risks by adjusting sales strategies and improving customer experience.

Shenda Corporation released its 2026 interim report on August 26. First-half operating revenue was 5.06 billion yuan, down 3.3 percent year on year. Net profit attributable to the parent swung to a profit of 37.27 million yuan, compared with a loss of 53.64 million yuan in the same period last year. Net profit attributable to the parent after deducting non-recurring items also swung to a profit of 34.39 million yuan, compared with a loss of 60.87 million yuan a year earlier. Net operating cash flow was 277 million yuan, up 75.6 percent year on year, and earnings per share were 0.0282 yuan. In the second quarter, operating revenue was 2.7 billion yuan, down 3.3 percent year on year, while net profit attributable to the parent was 49.18 million yuan, compared with a loss of 1.33 million yuan a year earlier. As of the end of the second quarter, total assets were 10.157 billion yuan, down 0.8 percent from the end of the previous year, and net assets attributable to the parent were 3.21 billion yuan, down 1.4 percent. The company noted that in its automotive interiors and acoustic components business, sales from new energy projects accounted for more than 96 percent of the total, up 26 percent year on year, with overseas operations performing particularly well. In the textile new materials business, total profit declined due to rising raw material prices and intensifying competition. In the import and export trade business, revenue fell because of shrinking external demand and trade barriers. The company plans to improve performance through deeper integration and market diversification.

Xiangyi Rongtong disclosed its 2026 semi-annual report on August 26. In the first half, it achieved total operating revenue of 259 million yuan, up 9.18% year on year. Net profit attributable to the parent company was 53.15 million yuan, up 9.65% year on year. Net profit after deducting non-recurring items was 53.80 million yuan, up 12.92% year on year. Net cash flow from operating activities was negative 594 million yuan, compared with negative 790 million yuan in the same period last year. Basic earnings per share were 0.117 yuan, and the weighted average return on equity was 2.35%. The company's businesses cover financial leasing, pawnbroking, guarantees, special assets, quasi-financial investment and trading. As of the end of the first half, the book value of the company's inventory was 29.58 million yuan, accounting for 1.29% of net assets.

Shenhua Holdings disclosed its 2026 half-year report on the evening of August 26. In the first half, it achieved operating revenue of 1.397 billion yuan, down 24.3 percent year on year. Net profit attributable to the parent company was negative 18.5789 million yuan, narrowing losses by more than 40 million yuan compared with the same period last year. Net cash flow from operating activities was 47.1559 million yuan, up 405.46 percent year on year. Among these figures, second-quarter net profit attributable to the parent company was 3.6735 million yuan, ending five consecutive quarters of losses. Among the company's three major business segments, the automobile sales and services segment sold 3,662 BMW-brand vehicles, with net profit of about 10.43 million yuan. Gross margin rose 8.43 percentage points year on year, turning from loss to profit and helping narrow overall losses. In addition, Shenwei Exploration in the innovation incubation business has established cooperation with customers including BMW Brilliance, Lynk & Co, SAIC General Motors, and Jinbei Yanfeng. The company also enhanced financial flexibility by reducing financing costs.

Shenda Corporation released its 2026 semi-annual report on August 26. During the reporting period, it achieved operating revenue of 5.062 billion yuan, down 3.29 percent year on year. Net profit attributable to shareholders of the listed company was 37.2666 million yuan, compared with a loss of 53.6366 million yuan in the same period last year, marking a turnaround to profitability. Basic earnings per share were 0.0282 yuan. The profit growth was mainly due to the notable results of its globally deployed multinational operations, with overseas business profitability rising substantially. Among these, Auria recorded a total profit of 19.02 million yuan, turning from loss to profit, and the company's 35 percent stake in the U.S.-based NYX generated investment income of 58.3724 million yuan, up 30.41 percent year on year. In addition, the effect of financial structure optimization was prominent, with foreign exchange gains and losses improving significantly year on year and period expenses falling 21.39 percent year on year.

Shenda Shares disclosed its semi-annual report on August 26. In the first half of 2026, the company achieved operating revenue of 5.062 billion yuan, down 3.29 percent year on year. However, net profit attributable to shareholders of the listed company was 37.2666 million yuan, compared with a loss of 53.6366 million yuan in the same period last year, turning from loss to profit. Basic earnings per share were 0.0282 yuan. During the reporting period, the company's global layout and multinational operations achieved notable results, with overseas business profitability rising significantly. Among them, Auria recorded a total profit of 19.02 million yuan, turning from loss to profit. The company's 35 percent stake in the American company NYX generated investment income of 58.3724 million yuan, up 30.41 percent year on year. In addition, the optimization of the financial structure showed prominent results, with foreign exchange gains and losses improving significantly year on year, and period expenses falling 21.39 percent year on year.

NAM announced its second-half strategy to expand its portfolio across the entire value chain, from upstream to downstream, while building its brand to increase margins and create brand loyalty. The company is also expanding into international markets through subsidiaries in Malaysia and Italy, and setting up an SKD parts assembly base in Indonesia with a local partner. Meanwhile, EURO reported first-half revenue from sales and services of 749 million baht, up 12.6 percent, and net profit of 87 million baht, up 26.9 percent from the same period last year. The company targets full-year revenue growth of 10 to 15 percent and plans to open the first phase of Euro Creations T3 at the end of this year. DOD announced a revised investment strategy by negotiating to recover deposits and advance payments for some projects in order to manage risk and maintain the highest level of financial liquidity and security.