Hongda High-Tech Holding Co Ltd

ST Hongda has released its semi-annual report for 2026, showing net profit attributable to the parent company of 2.04 million yuan in the first half, swinging from a loss to a profit year on year. The company achieved total operating revenue of 279 million yuan, up 32.40 percent year on year. Non-recurring net profit was 1.57 million yuan, also turning from a loss to a profit. Basic earnings per share were 0.0047 yuan, and the weighted average return on equity was 4.31 percent. Net cash flow from operating activities was negative 28.99 million yuan, compared with 17.45 million yuan in the same period last year. The company focuses on the research, development, production and sales of silicone materials.

ST Hongda announced that controlling shareholder and actual controller Zhu Enwei signed a Cooperation Framework Agreement with Jurong Technology, planning to transfer 5% of the listed company's shares to Jurong Technology. At the same time, the company plans to issue shares to Jurong Urumqi Technology Co., Ltd. to raise no more than 600 million yuan, with the net proceeds fully used to supplement working capital. After this issuance, Jurong Technology will hold 151 million shares of the company, accounting for 26.92% of the total share capital after issuance, becoming the single largest shareholder. As a result, the listed company's controlling shareholder will change to Jurong Technology, and the actual controller will change to Lin Rongsheng.