Yingkou Fengguang Advanced Material Co.Ltd.

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Fengguang Co. Yingkou Plant to Halt Production for About One Month of Upgrades Starting September 1

Yingkou Fengguang New Materials Co. announced that, to improve production safety and optimize plant layout, the company has decided to begin relocating and upgrading the power distribution room and equipment cabinet room at its Yingkou plant starting September 1, 2026. The work is expected to take about one month, and the company will promptly announce the resumption date once the upgrades are completed. During the shutdown, the production capacity gap will be filled by the Yulin plant, which currently has sufficient raw material inventory, stable production lines, and full staffing. Therefore, this shutdown and upgrade will not have a material impact on the company's sales orders or operating revenue. The company also cautioned that the progress of the upgrades and acceptance inspections may be affected by force majeure such as extreme weather, and there is a risk that the resumption of production may be later than expected.

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Fengguang New Material adjusts purchase price for 90% stake in Ruihua New Material to 52.66 million yuan

Yingkou Fengguang Advanced Materials announced that the consideration for acquiring a 90% stake in Anhui Ruihua New Material has been adjusted from 81 million yuan to 52.655544 million yuan, and the three-year performance commitment and performance compensation clauses in the original agreement have been cancelled. The pricing basis has been changed from an asset appraisal value of 91 million yuan to Ruihua's net assets of 58.50616 million yuan as of March 31, 2026. The announcement said the change was due to personal reasons of a Ruihua shareholder, while the acquisition ratio and counterparties remain unchanged. Ruihua is the first domestic company to achieve third-generation high-temperature continuous tubular production of stearate salts, with total capacity of about 80,000 tonnes. As of March 31, 2026, its total assets were 315 million yuan and net assets were 58.5062 million yuan. In the first quarter of 2026, revenue was 86.7585 million yuan and net profit was 9.1255 million yuan. The new agreement has been signed, and Ruihua will become a controlling subsidiary of Fengguang Advanced Materials.

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Fengguang Shares Reports 2026 Interim Results with Net Loss of 21.0551 Million Yuan Attributable to Parent

Fengguang Shares released its 2026 interim report, showing total operating revenue of 517 million yuan, down 5.52% year-on-year, and a net loss attributable to the parent company of 21.0551 million yuan. Net cash flow from operating activities was negative 75.4124 million yuan. The latest asset-liability ratio stood at 15.57%, gross margin at 11.24%, return on equity at negative 1.05%, and diluted earnings per share at negative 0.11 yuan. Total asset turnover was 0.22 times, inventory turnover was 1.73 times, and the top ten shareholders held 75.63% of total equity.

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Fengguang Shares Narrows First-Half Loss to 21.05 Million Yuan, Takes Multiple Measures to Cope with Raw Material Fluctuations

Fengguang Shares disclosed its 2026 semi-annual report, with net profit attributable to shareholders of the listed company at negative 21.0551 million yuan, a significant narrowing of the loss from negative 40.2318 million yuan in the same period last year. During the reporting period, the company achieved operating revenue of 517 million yuan, with basic earnings per share of negative 0.11 yuan. After deducting the impact of 10.8859 million yuan in share-based payment expenses, net profit was approximately negative 10.17 million yuan. The company's net operating cash outflow was 75.4124 million yuan, mainly due to an increase in restricted funds such as bill deposits, letter of credit deposits, and guarantees. Fengguang Shares is principally engaged in high-efficiency rubber and plastic additive series products, and its newly launched polyolefin catalysts and triethylaluminum products have gradually entered the sales stage. To cope with the risk of raw material price fluctuations, the company actively responds through measures such as long-term cooperative procurement, enhancing bargaining power, strict procurement management, and strengthening technological research and development. In addition, the company previously announced plans to acquire a 90% stake in Anhui Ruihua New Materials Co., Ltd. for 81 million yuan. The latter is the first enterprise in China to achieve the third-generation high-temperature continuous tubular process for stearate production, with a total capacity of approximately 80,000 tons.

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Fengguang Co. Plans to Acquire 90% Stake in Ruihua New Materials for 81 Million Yuan

Fengguang Co. announced plans to acquire a 90% equity stake in Anhui Ruihua New Materials Co., Ltd. for 81 million yuan in cash. After the transaction, Ruihua New Materials will become its controlled subsidiary. Ruihua New Materials is the first domestic company to achieve the third-generation high-temperature continuous tubular process for stearate production, with a total capacity of about 80,000 tonnes. In 2025, it recorded revenue of 324 million yuan and net profit of 9.1255 million yuan, but in the first quarter of 2026, revenue was 86.7585 million yuan with a net loss of 1.8635 million yuan. The counterparty committed that Ruihua New Materials' cumulative net profit from 2026 to 2028 will be no less than 21.3093 million yuan. Fengguang Co. itself reported net losses of 62.3544 million yuan, 48.6177 million yuan, and 622,300 yuan for 2024, 2025, and the first quarter of 2026, respectively. On July 17, its closing share price fell 9.57% to 16.16 yuan, with a total market capitalization of 3.252 billion yuan.

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