Beijing Huafeng Test & Control Technology Co Ltd

Huafeng Test & Control disclosed its 2026 semi-annual report on the evening of August 30. In the first half, net profit attributable to shareholders of the listed company reached 416 million yuan, a sharp year-on-year increase of 112.60%. Net profit after deducting non-recurring gains and losses was 243 million yuan, up 39.06% year on year. After the company's investee Lianxun Instruments listed on the STAR Market in April this year, its share price surged. The book value of Huafeng Test & Control's stake soared to 3.526 billion yuan at the end of the period, an unrealized gain of about 3.4 billion yuan compared with the beginning of the period. However, this unrealized gain was recorded in other comprehensive income and did not affect current-period net profit. During the reporting period, the company's research and development investment reached 189 million yuan, up 70.64% year on year, accounting for 25.63% of operating revenue. Overseas revenue was 61.2369 million yuan, up 5.63% year on year.

Huafeng Test & Control has undergone a business registration change, with its registered capital increasing from approximately 140 million yuan to about 200 million yuan, a rise of roughly 48%. The company was founded in February 1993, with Sun Qiang as its legal representative. Its business scope includes the manufacturing of electronic products, instruments and meters, and mechanical automatic control equipment, as well as technology development and technical services.

The first vesting period of the initial grant under Huafeng Test & Control's 2025 restricted stock incentive plan has met the vesting conditions, with a planned vesting of 320,000 shares. The grant price for this equity incentive plan is 47.94 yuan per share, covering a total of 164 incentive recipients. In the first quarter of 2026, Huafeng Test & Control achieved revenue of 272 million yuan and a net profit attributable to the parent company of 94.21 million yuan.