Hunan Junxin Environmental Protection Co. Ltd.

Junxin Shares disclosed its first-half 2026 results on the evening of August 24, achieving operating revenue of 1.558 billion yuan, up 5.45 percent year on year, and net profit attributable to the parent of 428 million yuan, up 6.89 percent year on year. Second-quarter net profit attributable to the parent was 208 million yuan, down 8.47 percent year on year and down 5.31 percent quarter on quarter. In the first half, household waste processed reached 2.1734 million tonnes, up 16.79 percent year on year, and on-grid electricity was 1.05 billion kilowatt-hours, up 18.48 percent year on year. Overseas, the Bishkek waste-to-energy project in Kyrgyzstan has commenced operations, while concession or investment agreements have been signed for projects in Issyk-Kul, Osh, and Almaty, Kazakhstan. On capital operations, the H-share issuance and listing plan was filed with the China Securities Regulatory Commission on July 31, and the listing hearing was completed on August 13, but the Hong Kong Stock Exchange has not yet granted formal approval. Accounts receivable stood at about 1.994 billion yuan as of the end of June, accounting for about 13.99 percent of total assets and equivalent to about 1.28 times first-half operating revenue. The balance remains at a high level for the same period over the past five years, though the year-on-year growth rate has clearly slowed.

From August 10 to August 16, five companies filed applications with the Hong Kong Stock Exchange, and Mech-Mind passed its listing hearing. The filers include Singapore-based integrated mechanical and electrical engineering services provider EVER GLORY UNITED, commodity industry services provider Reliance Group, biopharmaceutical company Zelgen Pharmaceuticals, comprehensive waste treatment company Junxin Shares, and Southeast Asian cross-border brand company Wook Global Technology. Mech-Mind focuses on the embodied intelligence sector. From 2023 to 2025, its revenue grew from 180.8 million yuan to 388.8 million yuan, gross margin rose from 39.1 percent to 64.6 percent, and overseas revenue accounted for more than half for the first time. Based on 2025 revenue, EVER GLORY UNITED ranked second among local mechanical and electrical engineering services providers in Singapore. Reliance Group is China's fifth-largest commodity industry services provider and trader.

Junxin Environmental Protection and Wook Global Technology have successively filed listing applications with the main board of the Hong Kong Stock Exchange. According to disclosures by the exchange, Hunan Junxin Environmental Protection Company filed on August 13, and Shenzhen Wook Global Technology Company filed on August 14. Junxin Environmental Protection provides professional solutions for integrated waste treatment and resource utilization, while Wook Global Technology is a cross-border brand enterprise with Indonesia as its core market, mainly selling 3C accessories, small home appliances, and home improvement building materials. Citing data from Frost and Sullivan, the prospectuses of the two companies state that the Changsha environmental protection industrial park, where Junxin Environmental Protection's main business is located, is one of the largest integrated environmental protection parks among its peers in China, and that Wook Global Technology ranks first in Indonesia's 3C accessories sector by 2025 retail value, with a market share of approximately 2.2 percent.