Jiangxi Redboard Tech Co Ltd

Hongban Technology released its 2026 interim report, with total operating revenue of 2.094 billion yuan and net profit attributable to the parent company of 539 million yuan. Net cash inflow from operating activities was 199 million yuan, a decrease of 153 million yuan from the same period last year, down 43.50%. The company's asset-liability ratio was 42.80%, gross margin was 24.45%, down 1.48 percentage points from the same period last year, ROE was 12.00%, and diluted earnings per share was 0.78 yuan. Total asset turnover was 0.32 times, down 21.22% year-on-year, and inventory turnover was 3.38 times, down 7.25% year-on-year. The number of shareholders was 81,000, and the top ten shareholders held 89.35% of the total share capital.

On July 27, A-shares fluctuated and climbed higher. The Shanghai Composite Index closed up 1.15%, the Shenzhen Component Index rose 2.72%, and the ChiNext Index gained 3.16%. Total turnover across Shanghai, Shenzhen, and Beijing exchanges reached 2.0887 trillion yuan for the day, an increase of 144.2 billion yuan from the previous session. In the afternoon, the PCB sector saw widespread limit-up moves. International Composites and Juzi Technology both hit the 20% daily limit in late trading. Dongshan Precision experienced sharp intraday swings and ended up 6.39%. Redboard Technology plans to invest no more than 5 billion yuan to build a high-end mSAP precision circuit board project. The AI application sector continued to strengthen, with Zhidu Shares and Suzhou Keda hitting limit up. On the news front, the Ministry of Industry and Information Technology said that in the first half of the year, the AI technology application penetration rate among industrial enterprises above designated size exceeded 30%, and OpenAI released its AI agent operating platform Presence. Two new stocks delivered eye-catching performances. N Changxin, debuting on the STAR Market, closed up 465.82%, with a total market value of 3.28 trillion yuan, ranking first in the A-share market. N Weiji, listed on the Beijing Stock Exchange, surged over 800% intraday before closing up 599.50%.

Pengding Holdings and Redboard Technology announced large-scale expansions on the same day. This year, more than 20 companies in the PCB supply chain have disclosed expansion plans, with total investment exceeding 70 billion yuan. Pengding Holdings plans to invest 10 billion yuan to build a third campus in Shenzhen, constructing an intelligent manufacturing base for AI high-end substrate-like PCBs and flexible circuit boards, with production expected to start by 2033. This marks the company's third major AI PCB investment within a year, bringing its AI-related capacity investment plans to over 30 billion yuan in the past year. Redboard Technology unveiled three investment plans totaling no more than 6 billion yuan, including a 5 billion yuan project for high-end mSAP precision circuit boards. The new capacity is almost entirely aimed at high-end areas such as AI servers and high-speed optical modules, signaling a clear trend toward premiumization in the industry.

On the evening of July 23, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Yunnan Germanium's holding subsidiary Yunnan Xinyao signed an indium phosphide wafer supply agreement, with an estimated total contract value of 570 million to 855 million yuan, accounting for 53.48% to 80.23% of the company's 2025 annual revenue, and deliveries will be made in batches from August 2026 to the end of 2027. Hongjing Optoelectronics plans to issue convertible bonds to raise no more than 630 million yuan for research and industrialization projects including diversified application lens modules. Pengding Holdings plans to invest 10 billion yuan to build a new third campus in Shenzhen, constructing an intelligent manufacturing base for high-end AI-related substrate-like PCBs and flexible circuit boards, with construction scheduled to start in July 2026 and be completed and put into production by 2033. Zhongyuantong's wholly-owned subsidiary Weipo plans to invest 10 million yuan of self-raised funds to build an energy storage PACK production line, expected to complete commissioning by the end of September 2026. Taijing Technology stated on an interactive platform that its high-frequency products have been supplied in batches to some optical module, server, and data center customers. Minmetals New Energy expects a net profit of 340 million to 400 million yuan in the first half of 2026, turning from a loss to a profit year-on-year, mainly due to the rapid development of the new energy vehicle and energy storage industries and a significant increase in product sales. Jiangbolong's chairman proposed to repurchase shares worth 400 million to 800 million yuan for equity incentives or employee stock ownership plans. Xingye Technology's wholly-owned subsidiary Jiangsu Xingguang acquired the indium phosphide substrate manufacturing and sales business of Qingdao Li'ang for 55 million yuan in cash. The business has total assets of 17.0246 million yuan, net assets of 6.3704 million yuan, revenue of 2.3438 million yuan in the first five months of this year, a net loss of 1.4409 million yuan, and orders on hand not exceeding 2 million yuan, with an expected minimal impact on current profits. Montage Technology plans to repurchase shares worth 300 million to 600 million yuan, with a repurchase price not exceeding 332.90 yuan per share, to maintain company value and shareholder equity. Redboard Technology's wholly-owned subsidiary Ganzhou Redboard plans to invest no more than 5 billion yuan to build an industrialization project for high-end mSAP precision circuit boards, and also plans to invest no more than 300 million yuan to construct Building D1 and auxiliary facilities. The company itself also plans to invest no more than 700 million yuan for technical transformation and capacity expansion of high-precision HDI circuit board production lines.

On July 16, PCB concept stock Red Board Technology surged in the afternoon, hitting its daily limit up and briefly staging a floor-to-ceiling rally, with turnover exceeding 2 billion yuan. The company previously released its 2026 semi-annual earnings forecast, expecting net profit attributable to owners of the parent company to be between 480 million yuan and 590 million yuan, a year-on-year increase of 100.12% to 145.98%. The earnings growth was mainly due to its wholly-owned subsidiary Ji'an Huiyang Electronics winning the bid for a 100% stake in Jiangxi Zhihao Electronic Technology and consolidating it into the financial statements, recognizing non-operating income of 302 million yuan. The company also noted that a sharp rise in major raw material procurement prices led to a slight decline in gross margin for the period, and it will explore cost reduction opportunities through measures such as process optimization. Meanwhile, the traditional Chinese medicine sector fluctuated higher, with Pien Tze Huang hitting its daily limit up and Tongrentang among the gainers, following news that the State Council approved the 15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine. Hong Kong-listed Pop Mart also surged in the afternoon, briefly rising over 8%, after Apple CEO Tim Cook posted on Weibo welcoming the Pop Mart team to Apple Park.

PCB concept stock Red Board Technology hit its daily limit up in afternoon trading on the 16th, briefly staging a limit up from limit down move, with turnover exceeding 2 billion yuan. The company recently released its half-year 2026 earnings forecast, expecting net profit attributable to parent company owners of 480 million to 590 million yuan, a year-on-year increase of 100.12% to 145.98%. The significant profit growth was mainly due to the wholly-owned subsidiary Ji'an Huiyang Electronics winning the bid for a 100% stake in Jiangxi Zhihao Electronic Technology and consolidating it into the financial statements, recognizing non-operating income of 302 million yuan. The company also noted that a sharp rise in major raw material procurement prices led to a slight decline in gross margin for the period, and it will explore cost reduction through process optimization and material substitution.