Hunan Hualian China Industry Co., Ltd. is a ceramic company engaged in the research, development, production, and sale of ceramic products in China and internationally. Its offerings include colored glaze and underglaze ceramics, ceramic materials, and electric ceramics, as well as tableware, tea sets, wine sets, coffee sets, toiletries, art ornaments, wine bottles, and decorative ornaments. The company also produces bio ceramic blocks, wear-resistant zirconia balls, and ceramic post insulators. Founded in 1994, it is based in Zhuzhou, China.
Huaci Shares Hit Limit-Up for 4 Straight Days; Company Says Zirconia Business Is Speculative Hype
Huaci Shares opened limit-up on September 18, sealing the board for a fourth consecutive trading day. The stock closed at 21.87 yuan per share, up 10.01 percent, with more than 40,000 lots locked on the buy side at the limit. Full-day turnover reached 9.3 percent, with trading volume of 496 million yuan and a latest market value of 6.385 billion yuan. On the evening of September 16, Huaci Shares issued an unusual-movement announcement saying the recent short-term share price rise was mainly driven by market speculation over its zirconia business. The company said the risk of concept-driven speculation is significant, its fundamentals have not changed, and it reminded investors to be aware of share-price speculation risks. The company said that in the first half of this year, its new ceramic materials business containing zirconia achieved operating revenue of only 6.64 million yuan, accounting for 1.15 percent of total operating revenue. The segment remains very small in scale. Zirconia products are mainly used in the lithium battery industry, and the company has not raised prices for these products. Powder verification cycles are long, and whether the products can pass verification with new customers is highly uncertain. In terms of performance, the company posted first-half operating revenue of 576 million yuan, down 20.77 percent year on year, and non-GAAP net profit attributable to the parent of 75.7673 million yuan, down 31.42 percent year on year. The declines were mainly due to the European Union anti-dumping tariff rising from 18.3 percent to 79 percent, the export tax rebate rate falling from 9 percent to zero, and the renminbi appreciating more than 4 percent since the start of the year. The company also reminded investors that the issue price for its 2025 private placement of A-shares to specific investors was 17.46 yuan, with a lock-up expiry date of November 11, 2026. The expected unlocked volume is 38.37 million shares, accounting for 13.14 percent of total share capital, and relevant shareholders may reduce their holdings after the lock-up expires.
Huaci Shares Hit Limit Up Six Seconds After Open for Fourth Straight Board; Company Flags Tiny Zirconia Business
Huaci Shares hit the daily limit up just six seconds after the market opened on September 18, notching a fourth consecutive limit-up board. The company mainly designs, develops, produces and sells ceramic products. According to its 2026 semi-annual report, its technical ceramics business made major progress, with zirconia powder entering the supplier qualification stage for Chaozhou Three-Circle's MLCC powder. Recently the company clarified market rumors about MLCC powder, the zirconia business, a Wuxi semiconductor precision ceramics industry seminar, and the commissioning of its Vietnam plant, saying the powder sold to Chaozhou Three-Circle is still in a small-volume qualification stage, has not yet achieved large-scale batch supply, and has not yet formed stable sales revenue. The company also cautioned that zirconia product prices are affected by multiple factors including upstream raw materials, downstream demand and market competition, so whether the price rally can continue is uncertain. New production line plans face the risk that construction progress falls short of expectations, and downstream new energy and electronics industry fluctuations will also directly affect market demand for zirconia products. The company further reminded investors that powder product qualification cycles are long, and whether new customers will approve the products is highly uncertain. In the first half of 2026, the new ceramic materials business including zirconia generated revenue of only 6.64 million yuan, accounting for 1.15 percent of the company's total revenue, a very small business.
Huaci Holdings' 2026 interim net profit was 103 million yuan, down 14.18% year-on-year
Huaci Holdings released its 2026 interim report. Total operating revenue was 576 million yuan, down 20.77% from the same period last year. Net profit attributable to the parent company was 103 million yuan, down 14.18% year-on-year. Net cash inflow from operating activities was 87.9974 million yuan, down 43.50% year-on-year. The company's latest asset-liability ratio was 17.99%, gross margin was 33.29%, and diluted earnings per share was 0.39 yuan, down 18.75% year-on-year. The number of shareholders was 16,000, and the top ten shareholders held 67.11% of the total share capital.
Huaci Holdings' 2026 Interim Report Shows Revenue and Net Profit Declines, While Technical Ceramics Revenue Jumps Over 70%
Huaci Holdings released its 2026 interim report, with operating revenue of 576 million yuan, down 20.77% year on year, and net profit attributable to the parent of 103 million yuan, down 14.18%. Non-GAAP net profit was 76 million yuan, down 31.42%, and net cash flow from operating activities was 88 million yuan, down 43.50%. Colored glaze ceramics revenue was 521 million yuan, accounting for over 90% of total revenue and down 24.81% year on year, while revenue from new ceramic materials such as zirconia powder jumped 75.82% year on year. The decline in performance was mainly affected by EU anti-dumping measures, the cancellation of export tax rebates, RMB appreciation, and pre-operating expenses for the Vietnam project. Investment income of 34.91 million yuan came from the remeasurement of the previously held 20% stake in Jiangxi Jinhuan and is not sustainable. The company's total assets were 3.213 billion yuan, up 42.32% from the end of last year, and the Vietnam ASEAN Ceramic Valley project is expected to start production in the third quarter.
Multiple Listed Companies Announce Positive Updates on the Evening of August 6
On the evening of August 6, several companies listed on the Shanghai and Shenzhen stock exchanges released significant positive announcements. Unitree Technology set its initial public offering price at 150.80 yuan per share, planning to list on the STAR Market. The offering size is 40.446434 million shares, accounting for 10 percent of the total post-IPO share capital, with online subscription scheduled for August 10. Tonghua Golden Horse intends to acquire a controlling stake in innovative drug company Bajia Yi through its wholly owned subsidiary Guilin Golden Horse. Bajia Yi holds 23 drug research and development patents and multiple clinical trial approvals for Class 1 new drugs. Zhongfu Shenying plans to raise no more than 3.893 billion yuan through a private placement to fund an annual production capacity of 30,000 tonnes of high-performance carbon fiber and other projects. Cre8 Direct plans to invest approximately 83.51 million yuan to acquire a 90 percent stake in Chuangku Future, advancing its designer toy and cultural creative business. Huaci Holdings stated that it has made the electrical ceramics business a key development focus, investing heavily this year in the construction of the Hualian Torch Electrical Ceramics Factory, which began trial production on June 11, with a healthy order backlog. Shengda Resources' controlled subsidiary Yindu Mining received approval for its technical renovation project to achieve an annual mining capacity of 900,000 tonnes. Songyuan Safety's wholly owned subsidiary secured a nomination from a European automaker to supply steering wheels and airbags, with a product lifecycle of seven years and estimated sales of approximately 691 million yuan. Hongchang Technology plans to acquire 45 percent stakes each in Kunwu Semiconductor and Youpin New Materials for no more than 405 million yuan and 315 million yuan respectively, with both companies focusing on lab-grown diamond materials. Mingjiahui plans to acquire up to a 26.19 percent stake in Zhiyu Technology for 263 million yuan in cash, expanding into the semiconductor industry. Wanwei High-tech plans to issue shares to its controlling shareholder Wanwei Group to raise no more than 2.3 billion yuan for polyvinyl alcohol resin and optical film projects.
China