Hollyland China Electronics Technology Corp Ltd

Holly Futures Technology released its 2026 interim report, with total operating revenue of 227 million yuan and net profit attributable to the parent of 14.0738 million yuan, down 56.27% from the same period last year. Net cash inflow from operating activities was 9.4967 million yuan, down 50.93% year-on-year. The company's asset-liability ratio was 18.62%, gross margin was 28.95%, ROE was 2.48%, and diluted earnings per share was 0.08 yuan. The number of shareholders was 19,300, and the top ten shareholders held 41.15% of the total share capital.

On August 26, the Xiamen Regulatory Bureau of the China Securities Regulatory Commission decided to issue warning letters to Hollyland Technology, actual controller Tang Qiqing and his concert party Kang Wei, then-chairman Chen Xiu, then-general manager Rui Bin, and then-board secretary Liu Haode. Upon investigation, Hollyland Technology announced that it planned to transfer its 31.8182% stake in Hefei Qusu Chaowei Integrated Circuit Co., Ltd. to Shanghai Shuoju Technology Partnership for a transfer price of 70 million yuan; on March 26, 2024, it further announced plans to transfer the remaining 18.2318% stake to Shanghai Shuoju for a transfer price of 9.2 million yuan. The aforementioned equity transfers constituted a related-party transaction, but Hollyland Technology failed to review and disclose them as such.

Haoli Technology released its 2026 interim report, showing first-half net profit attributable to the parent of 14.07 million yuan, down 56.3% year on year. Operating revenue was 227 million yuan, up 3.0% year on year. Net profit attributable to the parent excluding non-recurring items was 13.12 million yuan, down 56.2% year on year. Net operating cash flow was 9.5 million yuan, down 50.9% year on year. Earnings per share were 0.08 yuan. In the second quarter, operating revenue was 130 million yuan, up 9.0% year on year, while net profit attributable to the parent was 4.48 million yuan, down 69.8% year on year. As of the end of the second quarter, total assets were 697 million yuan, up 7.2% from the end of the previous year, and net assets attributable to the parent were 567 million yuan, up 1.6% from the end of the previous year. The company said downstream demand in the new energy and energy storage markets continues to grow, creating structural growth opportunities for the fuse industry, and that it will keep optimizing its product mix and customer layout while increasing research and development investment.