Jiangxi Huawu Brake Co Ltd

HuaWu Co. disclosed its 2026 semi-annual report on August 29. In the first half, total operating revenue was 589 million yuan, down 5.99% year on year; net profit attributable to the parent was 79.4873 million yuan, up 370.59% year on year; and non-recurring net profit was 11.8204 million yuan, down 19.98% year on year. The company plans to distribute a cash dividend of 1.2 yuan, tax included, for every 10 shares to all shareholders. During the reporting period, total non-recurring gains and losses were 67.667 million yuan, including 61.6917 million yuan in gains or losses from disposal of non-current assets. As of the end of the first half of 2026, the company's inventory book value was 340 million yuan, accounting for 22.66% of net assets. In addition, data from China Securities Depository and Clearing Corporation shows that as of August 28, 18.91% of the company's shares were pledged.

HuaWu Co. recently obtained a loan commitment letter from the Yichun branch of Industrial and Commercial Bank of China, agreeing to provide special loan support of up to 72 million yuan for the company's share buyback, with a loan term not exceeding three years. The total amount of this buyback is no less than 80 million yuan and no more than 150 million yuan, with a buyback price not exceeding 12 yuan per share, to be used for implementing employee stock ownership plans or equity incentives.

HuaWu Co. announced plans to use its own funds and/or self-raised funds to repurchase shares for employee stock ownership plans or equity incentive plans. The total buyback amount will be no less than 80 million yuan and no more than 150 million yuan, with a repurchase price not exceeding 12 yuan per share.

HuaWu Co. announced that it has received a letter from Chairman, controlling shareholder, and actual controller Nie Jinghua proposing a share buyback. Nie Jinghua proposes that the company use its own funds and/or self-raised funds to repurchase part of its A-shares through centralized bidding. The total buyback amount will be no less than 80 million yuan and no more than 150 million yuan. The maximum buyback price will not exceed 150 percent of the average trading price of the company's stock over the 30 trading days prior to the board's approval of the buyback resolution. The repurchased shares are intended for use in employee stock ownership plans or equity incentive plans.