Hongfa Technology Co Ltd

Hongfa Technology has released its 2026 semi-annual report. As of July 29, 128 institutional investors collectively held 965 million shares, accounting for 62.38% of total share capital. The top 10 institutional investors together held a 56.65% stake, up 1.77 percentage points from the previous quarter. These include Youge Venture Capital, Hong Kong Securities Clearing Company, and Lianfa Group. Among public funds, 10 funds such as Dacheng Gaoxin Equity A increased their holdings, while 13 funds including China Asset Management China Grid Equipment Thematic ETF reduced their holdings, and another 94 funds newly appeared in the disclosure. Among pension funds, the Basic Pension Insurance Fund Portfolio 1001 increased its stake by 0.1 percentage points, while two funds including Basic Pension Insurance Fund Portfolio 807 exited the disclosure. Among foreign institutions, Taibai Investment slightly reduced its proprietary holdings, while Goldman Sachs International, BNP Paribas, and UBS AG newly entered the disclosure.

Tianzhihang is planning to acquire a 62% stake in Shanghai Minimally Invasive Orthopedics Medical Technology Co., Ltd. through a share issuance, along with raising supporting funds, which is expected to constitute a major asset restructuring. Trading in the company's shares will resume on July 30. Jianghuai Micro is set to acquire a 15.50% stake in its holding subsidiary, Jiangyin Jianghuai Fuxin Electronic Materials Co., Ltd., for 1.5024 million yuan, after which it will hold 100% equity. Zhongke Tongda shareholder Wuhan Optics Valley Growth Venture Capital Fund plans to reduce its holdings by no more than 3.4911 million shares, representing no more than 3.00% of total share capital. Hunan Haili's controlling shareholder, Haili Group, increased its holdings by 1.6177 million shares, raising its stake from 23.71% to 24.00%, with the equity change hitting a 1% integer multiple. GigaDevice's actual controller, Zhu Yiming, plans to increase his holdings in the company from December 13, 2026, to July 29, 2027, with the increase amounting to no less than 1 billion yuan. Western Mining reported a first-half net profit attributable to the parent of 4.169 billion yuan, up 123% year-on-year; Chengtun Mining reported a first-half net profit attributable to the parent of 1.804 billion yuan, up 71.37% year-on-year; Hongfa Technology reported a first-half net profit attributable to the parent of 1.156 billion yuan, up 19.89% year-on-year. AsiaInfo Security's holding subsidiary, AsiaInfo China, had bank account funds of 151 million yuan frozen, accounting for 8.71% of the company's latest audited net assets. Bio-chem Technology shareholder Guangyao Zhixin had 37.59 million company shares frozen. Century Huatong shareholders Yaoquru, Yiqusheng, Jiyufan, and Huatong Holdings were ordered by the Zhejiang Securities Regulatory Bureau to take corrective measures and had the matter recorded in their integrity files for failing to fulfill 2020 performance commitment compensation obligations. In response to a Shanghai Stock Exchange annual report inquiry, Yunzhong Technology disclosed that its MLCC business had on-hand orders at the end of June 2026 that surged 831.50% compared to the end of December 2025, but the business remains in a loss-making state. In 2025, its operating revenue was 60.1524 million yuan, accounting for 10.68% of the company's total operating revenue, with products mainly used in the consumer electronics sector and not yet applied in AI computing servers.

Hongfa Technology's announcement shows that controlling shareholder Youge Investment transferred 77.38 million shares to Zhengyue Yufa at 23.013 yuan per share, representing 5% of total share capital, with a transaction value of 1.781 billion yuan. The transfer registration date was July 3. Since the agreement was signed on April 7, Hongfa Technology's share price has risen by a cumulative 53.22%. Based on the closing price of 38 yuan on July 6, the market value of this stake has reached 2.94 billion yuan, giving Zhengyue Yufa a floating profit of approximately 1.16 billion yuan. The announcement mistakenly stated the number of transferred shares as 773.8 million shares, when the actual figure is 77.38 million shares. Zhengyue Yufa was established in 2026 with a registered capital of 2 billion yuan, and its top two shareholders are both controlled by Xiamen state-owned capital. Hongfa Technology's 2025 revenue was 17.202 billion yuan, up 21.98% year-on-year, with net profit attributable to the parent company of 1.758 billion yuan, up 7.76% year-on-year. In the first quarter of 2026, revenue was 5.108 billion yuan, up 28.24% year-on-year, and net profit attributable to the parent company was 484 million yuan, up 17.80% year-on-year.