Shanghai Originaldow Advanced

Leading Shares, stock code 603991, disclosed its 2026 semi-annual report on August 27. In the first half of the year, it achieved total operating revenue of 2 billion yuan, up 1,819.63 percent year on year, and net profit attributable to the parent company of 180 million yuan, swinging from a loss to a profit compared with the same period last year. Non-recurring net profit was 182 million yuan, and net cash flow from operating activities was 68.94 million yuan, up 513.88 percent year on year. The company's main business covers semiconductor packaging materials, semiconductor special equipment, and polymer materials for wires and cables. As of the end of the first half of 2026, the company's inventory book value was 826 million yuan, accounting for 22.8 percent of net assets, including an inventory write-down provision of 41.12 million yuan. In addition, data from China Securities Depository and Clearing Corporation shows that as of August 21, 2026, 21.49 percent of the company's shares were pledged. The second largest shareholder, Shenzhen Zhengxin Tongchuang Investment Development Company Limited, pledged 15 million shares, accounting for 74.54 percent of its holdings.