Shenglan Technology Co Ltd

Shenglan Technology released its 2026 interim report on August 25, 2026. Total operating revenue was 1.13 billion yuan, and net profit attributable to the parent company was 130 million yuan. Net cash inflow from operating activities was 63.22 million yuan, down 4.70 percent year on year. The latest asset-liability ratio was 46.26 percent, up 0.15 percentage points from the previous quarter and up 12.80 percentage points from the same period last year. The latest gross margin was 25.29 percent, down 0.03 percentage points year on year. The latest return on equity was 7.52 percent, and diluted earnings per share was 0.79 yuan. The latest total asset turnover was 0.36 times, and the latest inventory turnover was 3.35 times. The number of shareholders was 21,900, and the top ten shareholders held 102 million shares, accounting for 62.14 percent of total share capital.

Shenglan Technology announced plans to pay a cash dividend of 1 yuan, tax included, per 10 shares to all shareholders, with no bonus shares or conversion of capital reserve into share capital. The total payout is expected to be 16.36 million yuan.

Shenglan Technology released its 2026 interim report. Net profit attributable to the parent in the first half was 130 million yuan, up 54.4% year on year. Operating revenue was 1.13 billion yuan, up 45.9% year on year. Net profit attributable to the parent after deducting non-recurring items was 125 million yuan, up 50.6% year on year. Net operating cash flow was 63.22 million yuan, down 4.7% year on year. Second-quarter net profit attributable to the parent was 93.65 million yuan, up 73.9% year on year. The company focuses on electronic connectors and cable assemblies. During the reporting period, data communication connector business became the core incremental business, benefiting from growth in artificial intelligence computing power demand.

Shenglan Technology announced its first share buyback, repurchasing 85,900 shares for 9.99 million yuan, representing 0.0525% of total share capital, with transaction prices ranging from 113.00 yuan to 121.57 yuan. In the first quarter of 2026, the company achieved revenue of 492 million yuan and net profit attributable to shareholders of 36.06 million yuan.

A number of A-share companies have collectively disclosed their share buyback progress for July, with leading firms making sizable repurchases that stood out in the market. Baijiu leader Wuliangye bought back approximately 802 million yuan in July alone, bringing its cumulative buyback amount to about 1.002 billion yuan as of July 31. The company had earlier approved a plan to repurchase shares worth between 8 billion and 10 billion yuan within 12 months. Luxshare Precision had spent a total of about 1 billion yuan on its A-share buybacks by the end of July. Yonghe Shares completed its first buyback of roughly 8.1774 million yuan on the very first trading day after its shareholders' meeting approved a 150 million to 300 million yuan repurchase plan. In addition, Daqin Railway plans to buy back shares worth 400 million to 500 million yuan and cancel all of them to reduce registered capital. Sungrow Power intends to use 500 million to 1 billion yuan for share buybacks to fund employee stock ownership plans or equity incentives. Unilumin Group, PoCo Holding, Hongjing Technology, and Shenglan Technology also disclosed buyback plans ranging from tens of millions of yuan to 200 million yuan.

AMEC has disclosed an earnings forecast, estimating net profit attributable to owners of the parent for the first half of 2026 at 2.7 billion to 2.9 billion yuan, a year-on-year increase of 282.48% to 310.8%. Sunshine Co.'s holding subsidiary Sunshine Digital plans to invest no more than 980 million yuan to build the Sunshine Intelligent Computing Centre project in Xingning, Meizhou, Guangdong Province. Goldlok Toys' wholly-owned subsidiary Zhichen Technology has signed a 3.195 billion yuan computing power service contract with a customer for a service term of five years. Both Dali Technology and Renzi Xing have received approval from the Shenzhen Stock Exchange to remove their risk warnings, and will resume trading on August 5 with changed stock abbreviations. Daqin Railway plans to repurchase and cancel 400 million to 500 million yuan worth of shares at no more than 7.10 yuan per share. Bethel Automotive and Shenglan Technology have also disclosed repurchase plans. Soochow Securities' controlling shareholder, Guofa Group, plans to increase its shareholding by 100 million to 200 million yuan.

On the evening of August 3, several listed companies disclosed important announcements. Daqin Railway plans to repurchase shares at a price not exceeding 7.10 yuan per share, spending between 400 million and 500 million yuan to buy back and cancel all repurchased shares, thereby reducing registered capital. The controlling shareholder of Soochow Securities, Guofa Group, plans to increase its holdings of company shares by 100 million to 200 million yuan within six months. Both Bethel Automotive and Shenglan Technology plan to repurchase shares worth 100 million to 200 million yuan, to be used for employee stock ownership plans or equity incentives, and for equity incentives or convertible bond conversions, respectively. WuXi AppTec disclosed its half-year report, achieving operating revenue of 28.897 billion yuan in the first half of 2026, a year-on-year increase of 38.93%, with net profit attributable to shareholders of the listed company reaching 11.08 billion yuan, up 29.43% year-on-year, and plans to distribute a cash dividend of 5.10 yuan for every 10 shares. Advanced Micro-Fabrication Equipment expects a net profit attributable to the parent company of between 2.7 billion and 2.9 billion yuan for the first half of the year, a year-on-year increase of 282% to 310%, mainly due to revenue growth and a total of approximately 1.982 billion yuan in fair value changes and investment income from external equity investments. A subsidiary of Shida Shenghua's wholly-owned unit plans to invest in the construction of a 230,000-ton-per-year liquid lithium salt project, with an estimated total investment of 1.9 billion yuan and a reported investment of 1.7973723 billion yuan; another wholly-owned subsidiary plans to invest in a 200,000-ton-per-year electrolyte project, with an estimated total investment of 721.5 million yuan; additionally, the wholly-owned subsidiary Dongying Company plans to invest in a 12,000-ton-per-year additive project, with an estimated reported total investment of 285.87 million yuan. The wholly-owned subsidiary of Goldlok Holdings, Zhichen Technology, signed a computing power service contract worth 3.195 billion yuan, with a service term of five years, expected to add approximately 200 million yuan in revenue for the company in 2026. Both Dali Technology and Renzi Xing received approval from the exchange to remove their risk warnings, will suspend trading for one day on August 4, and resume trading on August 5 with changed stock abbreviations.

On the morning of July 22, the supernode concept heated up, with many stocks soaring. Gongjin shares hit the daily limit for consecutive days, achieving three boards in four days; Unisplendour secured two consecutive daily limits. Huaqin Technology hit the daily limit, and Ruijie Networks surged over 15%. Driven by associated benefits, many liquid-cooled server stocks performed brilliantly, with Shenglan and Tongfei rising over 10%, and Inspur Information climbing nearly 7%. At the just-concluded 2026 WAIC, major manufacturers launched supernode products one after another, making supernodes one of the most focused product directions. Huatai Securities' latest research suggests that supernodes are expected to become an important product form for domestic intelligent computing infrastructure, driving increased demand for high-speed interconnects and cabinet-level accessories.