Freewon China Co. Ltd. A

Fuliwang released its 2026 interim report on August 28, 2026. The company's total operating revenue was RMB 1.164 billion, net profit attributable to the parent company was RMB 68.4801 million, and net cash inflow from operating activities was RMB 215 million. The company's latest asset-liability ratio was 44.84%, up 0.07 percentage points from the previous quarter; gross margin was 25.68%, down 2.04 percentage points from the previous quarter; ROE was 2.93%. Diluted earnings per share was RMB 0.21, total asset turnover was 0.27 times, and inventory turnover was 1.79 times. The number of shareholders was 16,600, and the top ten shareholders held 43.96% of the total share capital.

Fuliwang released its 2026 interim report. First-half operating revenue was 1.164 billion yuan, up 65.1 percent year on year. Net profit attributable to the parent company was 68.48 million yuan, successfully turning from loss to profit, compared with a loss of 17.74 million yuan in the same period last year. Net profit attributable to the parent company after deducting non-recurring items was 68.23 million yuan, compared with a loss of 25.01 million yuan a year earlier. Net operating cash flow was 215 million yuan, up 97.2 percent year on year. In the second quarter, operating revenue was 624 million yuan, up 70.2 percent year on year, and net profit attributable to the parent company was 22.96 million yuan, compared with a loss of 31.83 million yuan in the same period last year. Total assets were 4.324 billion yuan, and net assets attributable to the parent company were 2.336 billion yuan. The company focuses on precision metal components, and revenue from its 3C business grew 127.40 percent year on year.

Freewon's application for a non-public share issuance has received registration approval from the China Securities Regulatory Commission, with the review status changed to registration effective. The company plans to issue no more than 78.06 million shares to specific investors, aiming to raise up to 1.022 billion yuan. The sponsor for this issuance is CITIC Securities.

Fuliwang announced that it expects net profit attributable to owners of the parent company for the first half of 2026 to be around 69 million yuan, swinging to profit year-on-year. The change in performance is mainly due to deep cooperation with a major North American customer, driving revenue growth in the 3C consumer electronics business, which in turn boosted net profit.