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Xinghua New Materials' first-half revenue rises 35.3%, enters lululemon supply chain
Xinghua New Materials disclosed its 2026 semi-annual report. During the reporting period, it achieved operating revenue of 525 million yuan, up 35.3% year on year, but net profit attributable to the parent company was 67.4517 million yuan, down 16.12% year on year. The company was successfully selected into the supply chain of the internationally renowned sports lifestyle brand lululemon, officially becoming its designated supplier of reflective printed fabrics for the full product range. In addition, Xinghua New Materials completed the acquisition of a 70% equity stake in Dongwang Intelligent Technology Shanghai Co., Ltd. From the acquisition date to the end of the reporting period, the subsidiary achieved net profit of 9.0316 million yuan, with net profit attributable to the parent company of 6.3221 million yuan. Dongwang Technology focuses on information infrastructure, data centers, and digital applications for enterprise clients, and has added AI products and application businesses, extending toward digital infrastructure and AI computing power.