Centre Testing Intl Shenzhen

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CGSI positive on CPF as it prepares CP Vietnam IPO

CGSI highlighted key points from CPF's analyst meeting, noting that the Vietnam business continues to grow strongly in both swine and poultry, while CPF is preparing an IPO of CP Vietnam at around 10% of registered capital. The plan is pending approval from Vietnam's State Securities Commission, and CPF will retain a majority stake. The swine business in Vietnam remains a key profit driver amid African swine fever, which is limiting supply and supporting hog prices. The broiler business is expected to keep growing on strong exports to Japan and South Korea, and the company is in talks to expand access to the European Union market. It is also moving ahead with expanding poultry farm production capacity, with new capacity expected to come on stream gradually over the next one to two years. For the China business, CTI, a joint venture in which CPF holds 35%, continues to face pressure from a weak hog market. In the second quarter of 2026, it contributed a loss share of about 2 billion baht to CPF, and CPF has reduced swine farm production capacity in China by about 5% compared with a year earlier. Management estimates that rebalancing supply and demand may take another one to two years before profitability recovers significantly.

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Centre Testing International's 2026 interim net profit reaches 564 million yuan, up 20.63% year on year

Centre Testing International released its 2026 interim report, with net profit attributable to the parent company of 564 million yuan, up 20.63% from the same period last year. Total operating revenue was 3.429 billion yuan, up 15.86% year on year, marking a fifth consecutive year of growth. Net cash inflow from operating activities was 438 million yuan, up 150.34% year on year. The company's latest asset-liability ratio was 22.00%, gross margin was 49.38%, return on equity was 6.96%, and diluted earnings per share was 0.34 yuan.

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CTI Forecasts 20%–22.12% Rise in First-Half Net Profit Attributable to Parent

CTI has disclosed its earnings forecast, estimating net profit attributable to the parent for the first half of 2026 at 561 million to 571 million yuan, representing a year-on-year increase of 20% to 22.12%. The company stated that its earlier investments in pharmaceuticals, medical devices, aviation materials, semiconductor chips, the low-altitude economy, PCB testing, new energy vehicles, and vehicle-to-everything have continued to grow, with investment returns gradually materializing and becoming a key driver of performance growth. Coordinated progress across all business segments has led to steady growth in operating results.

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Stocks with foreign ownership above 24%: Sieyuan Electric, Hongfa Technology, and Centre Testing International make the list

According to foreign investor shareholding data released by the Shenzhen and Shanghai stock exchanges, three stocks had foreign ownership exceeding 24% as of July 3. Information from Hong Kong Exchanges and Clearing shows that Shenzhen-Hong Kong Stock Connect suspended buying of Sieyuan Electric on July 3, with the suspension effective from June 2, 2026. Shanghai-Hong Kong Stock Connect suspended buying of Hongfa Technology, effective from May 7, 2026. The latest foreign holdings are 212 million shares of Sieyuan Electric, representing 27.14% of total shares; 414 million shares of Hongfa Technology, representing 26.753% of total shares; and 404 million shares of Centre Testing International, representing 24.01% of total shares.

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