Kingfa Sci&Tech Co Ltd

Kingfa Sci. & Tech. released its 2026 semi-annual report, achieving operating revenue of 34.118 billion yuan, up 7.85% year on year, and net profit attributable to shareholders of the listed company of 685 million yuan, up 17.02% year on year. The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, tax included, to all shareholders, and will not convert capital reserve into share capital or issue bonus shares in this reporting period. Second-quarter net profit was 380 million yuan, first-quarter net profit was 305 million yuan, and second-quarter net profit rose 24% quarter on quarter.

This evening, nearly 100 companies listed on the Shanghai Stock Exchange released a flurry of positive signals, spanning share buybacks and stake increases, improving business performance, proposed selections in centralized drug procurement, and interim dividend returns. On the buyback and stake increase front, two new buyback plans were added by Bethel Automotive Safety Systems and Shandong Hi-Speed, with a combined proposed buyback cap of 400 million yuan. Soochow Securities disclosed a controlling shareholder's stake increase plan, with a proposed increase amount not exceeding 200 million yuan, while another 76 companies simultaneously disclosed progress updates on buybacks and stake increases. At the operational level, results of the 12th round of national centralized drug procurement were gradually announced, with multiple Shanghai-listed pharmaceutical companies including Harbin Pharmaceutical Group, Zhejiang Huahai Pharmaceutical, China Resources Double-Crane Pharmaceutical, North China Pharmaceutical, Jiangsu Lianhuan Pharmaceutical, Aurisco Pharmaceutical, and Jianfeng Group declaring that their products have been proposed for selection. In terms of investor returns, four companies—WuXi AppTec, Zhejiang Jiuzhou Pharmaceutical, Kingfa Sci. & Tech., and Jasan Group—unveiled interim dividend plans on the same day. Among them, WuXi AppTec plans to distribute a cash dividend of 5.1 yuan per 10 shares, with the total interim dividend expected to exceed 1.5 billion yuan. Additionally, the controlling shareholder of Lujiazui voluntarily committed not to transfer or reduce its holdings in any way within the next 12 months, coinciding with the unlocking of restricted shares from the company's private placement.

Kingfa Sci. & Tech. announced that its independently developed new-generation low-dielectric, low-loss LCP material has achieved mass supply, used in AI server high-speed connectors, supporting a transmission rate of 224 gigabits per second. The company's existing LCP production capacity is 11,000 tonnes per year, with capacity utilization maintained at a good level, while it also plans to build new capacity of 10,000 tonnes per year. On the technology side, the company independently developed the third-generation LCP resin polymerization technology, completed the industrialization of ultra-high heat-resistant LCP, and successfully applied it to new energy vehicle three-electric system components. In the automotive materials business, the company focuses on the new energy vehicle track, significantly increasing its market share in three-electric systems, smart cockpits, body and exterior materials. Its overseas automotive materials business is growing rapidly, with market share in automotive materials continuously rising in regions such as South Asia, North America, and Southeast Asia.

Chemical ETF Penghua recorded net subscriptions of over 100 million units during the session, as a rebound in the tech sector drove upstream chemical materials higher. As of 2:16 p.m. on July 3, 2026, the ETF was quoted at 0.87 yuan, with intraday net subscriptions of 108.5 million units. In terms of news, lithium batteries, AI, and robotics were active, boosting upstream chemical materials, while tightening global potash supply and demand is expected to lift the price center. Huatai Securities noted that global planting area growth and overseas tenders are supporting potassium chloride demand, with potash prices up from the start of the year. Constituents of the CSI Subdivision Chemical Industry Thematic Index were mixed, with Sunresin leading gains at 11.41%, Kingfa Sci. & Tech. up 10.03%, and Asia-Potash International up 7.32%.

Kingfa Sci. & Tech. has set up a new subsidiary in Zhengzhou, Zhengzhou Kingfa Technology Co., Ltd., with a registered capital of 100 million yuan. The company was established on June 30, with Zhu Zhihui as its legal representative. Its business scope includes research and development of bio-based material technologies, manufacturing of plastic products, research and development of new material technologies, and sales of engineering plastics and synthetic resins. Zhengzhou Kingfa Technology Co., Ltd. is jointly held by Kingfa Sci. & Tech., Wuhan Kingfa Technology Co., Ltd., and Tianjin Kingfa New Material Co., Ltd.