Zhejiang Jingxing Paper Joint Stock Co Ltd

On the evening of August 25, multiple listed companies on the Shanghai and Shenzhen exchanges issued announcements disclosing half-year reports and major matters. Wanhua Chemical's subsidiary, Hungary's BorsodChem, resumed production at its facilities; CICC received approval to issue corporate bonds of up to 80 billion yuan; Advanced Micro-Fabrication Equipment's advanced thin-film equipment cumulative shipments exceeded 500 reaction chambers. In terms of performance, NAURA Technology Group posted first-half net profit of 3.37 billion yuan, up 5.05 percent year on year; Wus Printed Circuit posted net profit of 2.923 billion yuan, up 73.72 percent; CGN Power posted net profit of 6.105 billion yuan, up 2.66 percent; OKE Precision Cutting Tools posted net profit of 371 million yuan, up 47,734.24 percent; Hangzhou Cable posted net profit of 393 million yuan, up 938.67 percent; Joyson Electronics posted net profit of 739 million yuan, up 4.43 percent; Yunda Holding posted net profit of 998 million yuan, up 88.82 percent; Yahua Group posted net profit of 1.216 billion yuan, up 795.48 percent; Changjiang Securities posted net profit of 3.192 billion yuan, up 83.8 percent; Suzhou Good-Ark Electronics posted net profit of 77.2942 million yuan, up 76.87 percent; Yunnan Chihong Zinc & Germanium posted net profit of 1.59 billion yuan, up 70.58 percent; Jiangxi Copper posted net profit of 8.632 billion yuan, up 106.77 percent; Shanghai Yashi posted net profit of 114 million yuan, up 460.72 percent; Beijing Easpring Material Technology posted net profit of 520 million yuan, up 67.25 percent; 37 Interactive Entertainment posted net profit of 1.766 billion yuan, up 26.14 percent; Dongfang Tower posted net profit of 976 million yuan, up 97.84 percent; Jingxing Paper posted net profit of 139 million yuan, up 152.95 percent; Huaqin Technology posted net profit of 3 billion yuan, up 58.8 percent; Lianyun Technology posted net profit of 520 million yuan, up 825.54 percent; Guosen Securities posted net profit of 5.732 billion yuan, up 6.79 percent; CSSC Offshore & Marine Engineering posted net profit of 837 million yuan, up 58.94 percent; Luwei Optoelectronics posted net profit of 145 million yuan, up 35.82 percent; Lu'an Environmental Energy posted net profit of 1.778 billion yuan, up 31.85 percent; JPT Opto-electronics posted net profit of 195 million yuan, up 105.25 percent; Tongkun Group posted net profit of 4.222 billion yuan, up 285.03 percent; China Merchants Securities posted net profit of 10.624 billion yuan, up 104.87 percent; Sichuan Changhong posted net profit of 1.646 billion yuan, up 228.62 percent; Qinghai Salt Lake Industry posted net profit of 6.169 billion yuan, up 137.88 percent; Dawn Polymer posted net profit of 237 million yuan, up 181.94 percent; Allwinner Technology posted net profit of 490 million yuan, up 204.17 percent; Hanshow Technology posted net profit of 336 million yuan, up 51.22 percent; Dinglong posted net profit of 529 million yuan, up 70.21 percent; SF Diamond posted net profit of 78.1797 million yuan, up 46.9 percent; Robotechnik posted net profit of 6.5568 million yuan, turning from loss to profit year on year; Qianjin Pharmaceutical posted net profit of 181 million yuan, up 41.59 percent; Zhucheng Technology posted net profit of 132 million yuan, up 49.35 percent; Hengfeng Paper posted net profit of 112 million yuan, up 17.95 percent; Kidswant posted net profit of 172 million yuan, up 19.9 percent; Huate Gas posted net profit of 92.8327 million yuan, up 19.16 percent; Zhejiang Longsheng posted net profit of 1.004 billion yuan, up 8.2 percent; Dameng Data posted net profit of 221 million yuan, up 7.99 percent; Innovent Biologics posted first-half total revenue of 8.618 billion yuan, up 44.8 percent. In addition, Annil plans to repurchase shares worth 40 million to 80 million yuan, and Beimo Gaoke plans to repurchase shares worth 120 million to 180 million yuan.

Industrial packaging paper, which uses waste paper as its main raw material, continues to strengthen, and Sun Paper and Jingxing Paper both posted varying degrees of growth in first-half results. Sun Paper reported first-half revenue of 20.862 billion yuan, up 9.15 percent year on year, and net profit attributable to shareholders of 1.951 billion yuan, up 9.60 percent. Second-quarter net profit attributable to shareholders was 1.045 billion yuan, up 16.84 percent year on year and 15.34 percent quarter on quarter. Jingxing Paper reported first-half revenue of 3.161 billion yuan, up 20.22 percent year on year, and net profit attributable to shareholders of 139 million yuan, up 152.95 percent. Second-quarter net profit was 118 million yuan, up 50.40 percent year on year and as much as 456.33 percent quarter on quarter. The two papermakers' quarter-by-quarter profit acceleration mainly benefited from industrial packaging paper. Jingxing Paper's industrial base paper business posted first-half revenue of 2.183 billion yuan, up 18.57 percent year on year. Sun Paper's corrugated medium and kraft linerboard revenue rose 292.01 percent and 35.54 percent respectively, while its cultural paper business was weak, with offset paper and coated paper revenue down 4.86 percent and 29.65 percent respectively. Since the start of the third quarter, cultural paper prices have remained near the bottom of the industry range, while industrial packaging paper prices are relatively high, and there are expectations for improvement as stockpiling for the Mid-Autumn Festival and National Day holidays approaches.

On the evening of July 8, a number of A-share listed companies disclosed their 2026 first-half earnings forecasts, with many reporting explosive growth. Among them, SDG Information expects net profit to rise by more than 11 times. The chemical sector is firing on all cylinders: Huachang Chemical forecasts a more than 10-fold increase; Cangzhou Dahua expects net profit of about 100 million yuan, up roughly 330.75 percent year-on-year; Dynamic Chemicals projects net profit between 95 million and 100 million yuan, an increase of 98.26 to 108.7 percent; and Xinxiang Chemical Fiber anticipates a profit of 300 million to 400 million yuan, up 378.09 to 537.45 percent. The electronics sector also continues its high-growth trend: Yachuang Electronics expects net profit of 220 million to 270 million yuan, a jump of 439 to 561.49 percent; Tianjin Printronics forecasts net profit of 36 million to 52 million yuan, surging 435.64 to 673.71 percent; Ben Chuan Intelligent projects net profit of 32 million to 48 million yuan, up 49.12 to 123.68 percent; and Baoding Technology expects net profit of 120 million to 145 million yuan, an increase of 468.71 to 559.71 percent. In addition, Maxvision Technology forecasts net profit of 105 million to 135 million yuan, up 336.02 to 460.59 percent; Jingxing Paper expects net profit of 130 million to 160 million yuan, rising 136.22 to 190.73 percent; and Teway Food Group projects net profit of 373 million to 389 million yuan, an increase of 96.43 to 104.45 percent.

During early trading in the A-share market on July 3, the humanoid robot concept sector was active. Shoukai Shares hit limit up at the open, Leisai Intelligent locked in a second consecutive daily limit up, and Jingxing Paper, Zhongda Leader, Riying Electronics, and Wolong Electric Drive all followed the upward trend.