Commercial Printing▲
Brady Guides Fiscal 2027 Adjusted EPS to $6.25-$6.75 After $1.4 Billion Acquisition
Brady Corporation guided fiscal 2027 adjusted diluted earnings per share to $6.25 to $6.75, including roughly $0.80 of accretion from its newly acquired Intelligent Productivity Solutions segment. The guidance follows fiscal 2026 sales of $1.66 billion, up 9.8% with 5.3% organic growth, and adjusted diluted EPS of $5.29, up 15.0%, while operating cash flow rose 34.7% to $244.1 million from $181.2 million. The results preceded the August 3 completion of the $1.4 billion cash acquisition of the Productivity Solutions and Services business, now the Intelligent Productivity Solutions segment, which is expected to contribute approximately $1.15 billion of fiscal 2027 revenue, equal to roughly 69% of fiscal 2026 sales. Brady targets at least $25 million of annual run-rate cost synergies within three years, but expects the acquired segment's profit margin in the low-double-digit percentage range versus about 20% of sales for Identification Solutions, and most of the $0.80 contribution is expected in the second half. The company incurred approximately $1.6 billion of debt for the transaction, including roughly $800 million under its credit agreement and $800 million of senior notes, and did not provide a GAAP EPS accretion target or reconcile its fiscal 2027 adjusted-EPS guidance to GAAP.
Commercial Printing▲
Brady Beats Q2 Estimates, Guides FY2027 EPS Below Consensus
Identification solutions manufacturer Brady (NYSE:BRC) reported Q2 CY2026 results that beat Wall Street's revenue expectations, with sales up 10% year on year to $436.9 million and non-GAAP profit of $1.48 per share, 1% above analysts' consensus estimates. The company's adjusted EPS guidance for the upcoming financial year 2027 is $6.50 at the midpoint, missing analyst estimates by 0.8%. Operating margin improved to 19.7% from 17.3% in the same quarter last year, driven by strong organic growth in core identification solutions and contributions from recent acquisitions, particularly the integration of Honeywell's PSS business, now IPS. Management highlighted printer unit sales up 25% and specialty adhesive materials as key growth drivers, with strength in data centers and manufacturing, while noting segment margin pressures from higher input costs and increased SG&A expenses, especially in Europe. CEO Vineet Nargolwala emphasized the successful IPS integration and expects gradual margin improvement as integration progresses, with CFO Ann Thornton noting a focus on operational efficiencies and bringing IPS back to sustainable growth.
Commercial Printing▼
DSS Launches Public Offering of Common Stock
DSS has announced the launch of a public offering to issue and sell shares of its common stock, with all shares being offered directly by the company. Net proceeds from the offering are intended to fund general corporate operations and ongoing working capital requirements. The company's common stock continues to trade on the NYSE American exchange under the ticker symbol "DSS." Completion of the offering remains subject to market conditions, with no assurance on timing, final size, or pricing.
Commercial Printing▲
Brady Raises Dividend for 41st Straight Year to $1.00
Brady Corporation has increased its annual dividend to $1.00 per share, marking the 41st consecutive year of dividend growth. The raise from $0.98 reflects management's confidence in cash generation, supported by full-year net income of $205.38 million, up from $189.26 million a year earlier. The company, a US-based provider of identification and workplace safety products with a market cap of about $4.2 billion, continues to fund growth initiatives in automation and compliance. Investors should watch upcoming fiscal results and commentary on tariffs and acquisitions to assess dividend sustainability.
Commercial Printing▲
Brady Corporation Reports Record Q4, Sets Fiscal 2027 Outlook
Brady Corporation reported record fourth-quarter performance driven by 8.4% organic growth in its core business, following its acquisition of Honeywell's Productivity Solutions and Services (PSS) business, which secured the number 2 market position in the Automatic Identification and Data Capture (AIDC) sector and expanded its addressable market to $14 billion. For fiscal 2027, the company guides approximately $1.15 billion in revenue from the IPS segment, with $0.80 of EPS accretion expected in the first year, and plans to reduce net leverage below 2 times within two years while maintaining its 41-year dividend increase streak. The company also noted a $4 million net tariff refund positively impacted fourth-quarter gross margins, and it is managing headwinds from memory supply tightness and rising input costs. Management highlighted strong Asia performance with 20.3% organic growth, driven by manufacturing investments in India and data center demand, and emphasized a shift toward 'intelligent' solutions in the IPS segment.
Commercial Printing▲
Brady forecasts $6.25-$6.75 adjusted EPS in FY2027 as IPS targets about $1.15B revenue
Brady Corporation issued its initial fiscal 2027 guidance, forecasting adjusted diluted earnings per share of $6.25 to $6.75, which includes approximately $0.80 of accretion from its newly acquired Intelligent Productivity Solutions (IPS) business, with IPS expected to contribute about $1.15 billion in revenue. The company, which closed its acquisition of Honeywell's PSS business a month ago, is reorganizing into two reportable segments: Identification Solutions (IDS) and IPS. CFO Ann Thornton said IDS revenue is expected to grow about 5% organically, while IPS accretion is weighted toward the second half of the fiscal year. Brady also reported fourth-quarter adjusted EPS of $1.48 on record revenue, with organic sales up 8.4% and gross margin improving to 52.9%, helped by a tariff refund of approximately $4 million. The company announced its 41st consecutive annual dividend increase and repurchased 333,000 shares for $28.1 million in the quarter.
Commercial Printing▲
Brady Reports Record Revenue and EPS, Unveils Fiscal 2027 Outlook
Brady Corporation reported record revenue and adjusted earnings per share for fiscal 2026, its sixth consecutive year of record earnings, and provided its first full-year outlook following the acquisition of Honeywell's Productivity Solutions and Services business, now called Intelligent Productivity Solutions (IPS). President and CEO Vineet Nargolwala, who succeeded retired former CEO Russell Shaller about three months earlier, said the recently closed IPS acquisition represents a shift in Brady's positioning from a traditional industrial company toward an industrial technology company. Fiscal fourth-quarter sales increased 10% from the prior year, driven by 8.4% organic growth, a 1.1% contribution from acquisitions and a 0.5% benefit from foreign-currency translation, according to CFO Ann Thornton. Adjusted diluted EPS rose 17.5% to $1.48, while GAAP diluted EPS was $0.96. The company announced its 41st consecutive annual dividend increase and repurchased 333,000 shares for $28.1 million in the quarter. For fiscal 2027, Brady expects adjusted diluted EPS of $6.25 to $6.75, with IPS contributing approximately $1.15 billion in revenue and approximately $0.80 in EPS accretion, and IDS organic revenue growth of approximately 5%.
Commercial Printing▲
Brady Beats Revenue Estimates in Q2 CY2026
Brady reported Q2 CY2026 results that topped market revenue expectations, with sales up 10% year on year to $436.9 million, beating analyst estimates of $427.9 million by 2.1%. Adjusted EPS came in at $1.48, 1% above consensus, but the company's adjusted operating margin fell to 16.3%, down 2.2 percentage points year on year. The company issued full-year 2027 adjusted EPS guidance of $6.50 at the midpoint, missing analyst estimates by 0.8%. CEO Vineet Nargolwala highlighted strong organic growth and contributions from acquisitions and currency translation as drivers of the 10% sales growth.
Commercial Printing▲
Brady beats Q4 estimates, issues FY27 EPS guidance
Brady Corporation reported fourth-quarter non-GAAP earnings per share of $1.48, beating estimates by $0.01, and revenue of $436.9 million, up 10.0% year-over-year and $8.99 million above consensus. For fiscal 2027, the company expects adjusted diluted EPS in the range of $6.25 to $6.75, versus a consensus of $6.56, representing growth of 18.1% to 27.6% compared to 2026. The guidance includes approximately $0.80 accretion from the IPS segment, net of financing costs, with most of the contribution in the second half of the year. Revenue from the IDS segment is expected to grow about 5% organically, while the IPS segment is expected to contribute approximately $1.15 billion in revenue. Other guidance elements include depreciation of about $45 million, capital expenditures of about $40 million, and a full-year tax rate of about 21%.
Commercial Printing▲
Brady Reports Record Annual Results and Issues Fiscal 2027 Guidance
Brady Corporation reported record annual revenue and adjusted diluted earnings per share for fiscal 2026, and issued fiscal 2027 guidance projecting 23% growth in adjusted diluted EPS at the midpoint. The company completed its transformational acquisition of Honeywell Technologies' Productivity Solutions and Services business on August 3, 2026, which it has renamed Intelligent Productivity Solutions (IPS). For the year ended July 31, 2026, sales rose 9.8% to $1.66 billion, and adjusted diluted EPS increased 15% to $5.29. Fourth-quarter sales grew 10% to $436.9 million, with adjusted diluted EPS up 17.5% to $1.48. For fiscal 2027, Brady expects adjusted diluted EPS between $6.25 and $6.75, with IPS contributing approximately $1.15 billion in revenue and about $0.80 of EPS accretion, net of financing costs. The company also reported cash flow from operations of $244.1 million and returned $88.3 million to shareholders via dividends and buybacks.
Commercial Printing▲
Brady Boosts Dividend by 2% to $0.25 a Share
Brady Corporation has increased its quarterly dividend by 2% to $0.25 per share, marking the 41st consecutive year of dividend growth. The new dividend, up from the previous $0.245, is payable on October 30 to shareholders of record as of October 9, with an ex-dividend date of October 9. The forward yield is 1.11%.
Commercial Printing▲
Brady Corporation Raises Dividend for 41st Consecutive Year
Brady Corporation's Board of Directors has approved an increase in its annual dividend from $0.98 to $1.00 per share, marking the 41st consecutive annual increase. The quarterly dividend of $0.25 per share will be paid on October 30, 2026, to shareholders of record on October 9, 2026. Brady, a global industrial technology company headquartered in Milwaukee, Wisconsin, employs approximately 9,300 people worldwide and trades on the New York Stock Exchange under the symbol BRC.
Commercial Printing▼
Shengtong Printing's H1 2026 revenue at 888 million yuan, losses widen
Shengtong Printing disclosed its 2026 semi-annual report on August 29. In the first half of the year, total operating revenue was 888 million yuan, down 9.53% year on year. Net profit attributable to the parent company was a loss of 18.1505 million yuan, compared with a loss of 6.5678 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 21.8403 million yuan, compared with a loss of 9.5044 million yuan a year earlier. Net cash flow from operating activities was 25.4836 million yuan, down 57.37% year on year. Basic earnings per share were negative 0.0341 yuan, and the weighted average return on equity was negative 1.47%. The company's main businesses are integrated printing services and technology education services.
Commercial Printing▼
Shaanxi Jinye 2026 Interim Report: Revenue Up, Profit Down, Operating Cash Outflow Widens
Shaanxi Jinye released its 2026 interim report on August 25, showing a pattern of rising revenue but falling profit, with an expanded net outflow of operating cash flow. Data shows the company achieved operating revenue of 709 million yuan, up 4.84 percent year on year; net profit attributable to the parent was 22.50 million yuan, down 9.72 percent; non-GAAP net profit was 19.38 million yuan, down 20.50 percent; net cash flow from operating activities was negative 135 million yuan, with the net outflow expanding 17.93 percent year on year. Revenue from the tobacco supporting business was 440 million yuan, up 9.67 percent year on year, with its share of total revenue rising to 61.99 percent, but gross margin fell 4.03 percentage points year on year to 19.78 percent. Revenue from the education business was 225 million yuan, down 6.27 percent year on year, with gross margin edging down 1.06 percentage points to 27.72 percent. Performance pressure mainly came from rising costs and higher financial expenses. Operating costs rose 10.44 percent year on year, and financial expenses increased 12.42 percent to 54.85 million yuan. The company cautioned that the tobacco supporting industry is affected by stricter environmental policies and slowing scale growth, while the education segment faces uncertainty over for-profit registration policies for private universities. Short-term cost control and policy risks remain the main challenges.
Commercial Printing▼
Shaanxi Jinye first-half net profit 22.4951 million yuan, down 9.72% year-on-year
Shaanxi Jinye disclosed its 2026 semi-annual report on August 26. In the first half, it achieved total operating revenue of 709 million yuan, up 4.84% year-on-year; net profit attributable to the parent was 22.4951 million yuan, down 9.72% year-on-year; non-GAAP net profit was 19.3802 million yuan, down 20.50% year-on-year. Net cash flow from operating activities was negative 135 million yuan, compared with negative 114 million yuan in the same period last year. Basic earnings per share were 0.0297 yuan, and the weighted average return on equity was 1.44%. The company's business covers three major categories: education, tobacco supporting industry, and medical and elderly care.
Commercial Printing▼
Shaanxi Jinye's 2026 interim net profit was 22.4951 million yuan, down 9.72% year-on-year
Shaanxi Jinye released its 2026 interim report. Total operating revenue was 709 million yuan, and net profit attributable to the parent company was 22.4951 million yuan, down 9.72% from the same period last year. Net cash flow from operating activities was negative 135 million yuan. The asset-liability ratio was 68.93%, gross margin was 22.96%, ROE was 1.49%, and diluted earnings per share was 0.03 yuan. The number of shareholders was 63,000, and the top ten shareholders held 25.89% of total share capital.
Commercial Printing▼
Hongbo Co. posts net loss of 51.48 million yuan in 2026 interim report
Hongbo Co. released its 2026 interim report, with net profit attributable to the parent company at a loss of 51.48 million yuan, swinging from profit to loss. Total operating revenue was 187 million yuan, down 76.39% from the same period last year. Net cash flow from operating activities was a negative 46.78 million yuan. The latest debt-to-asset ratio was 39.78%, gross margin was 19.13%, and return on equity was negative 4.90%.
Commercial Printing▲
Donggang Shares Reports Double-Digit Profit Growth in 2026 Interim Results
Donggang Shares has released its 2026 interim report, with net profit attributable to the parent company of 98.58 million yuan, up 25.59 percent year on year. The company achieved operating revenue of 572 million yuan, down 1.54 percent year on year, while net profit excluding non-recurring items was 90.29 million yuan, up 18.84 percent. Revenue from smart cards and radio frequency products reached 198 million yuan, up 21.92 percent year on year, raising its share of total revenue to 34.54 percent, with gross margin up 11.02 percentage points to 36.24 percent. Revenue from traditional printing products was 270 million yuan, down 9.77 percent year on year, while technical services revenue was 93.22 million yuan, down 15.55 percent. Net cash flow from operating activities was negative 81.11 million yuan, an improvement from negative 110 million yuan in the same period last year. The company's self-developed AIYA companion robot officially went on sale at the end of June, opening up a direct-to-consumer business.
Commercial Printing▲
Donggang Co. first-half 2026 net profit rises 25.59% to 98.58 million yuan
Donggang Co. disclosed its 2026 semi-annual report, with net profit attributable to the parent company reaching 98.58 million yuan in the first half, up 25.59% year on year. Total operating revenue for the same period was 572 million yuan, down 1.54% year on year. Net profit after deducting non-recurring items was 90.29 million yuan, up 18.84% year on year. Basic earnings per share were 0.1882 yuan, and the weighted average return on equity was 6.78%. Net cash flow from operating activities was negative 81.11 million yuan, compared with negative 110 million yuan in the same period last year.
Commercial Printing▼
NAR Group's 2026 Interim Report Shows Net Profit of 45.4873 Million Yuan, Down 60.35% Year-on-Year
NAR Group released its 2026 interim report, with net profit attributable to the parent company at 45.4873 million yuan, a decline of 60.35% compared to the same period last year. The company's total operating revenue was 1.197 billion yuan, up 23.14% year-on-year, achieving growth for three consecutive years. Net cash inflow from operating activities was 89.4882 million yuan, up 60.15% year-on-year. The company's latest asset-liability ratio is 43.51%, gross margin is 18.26%, ROE is 2.89%, and diluted earnings per share is 0.13 yuan.
Commercial Printing▲
TKS second-quarter net profit surges 1,311% on share of profit from associates and security business growth
T.K.S. Technologies, or TKS, reported net profit attributable to majority shareholders in the second quarter of 2026 of 168.9 million baht, a jump of 1,311.03 percent from the same period last year. The key driver was the recognition of a share of profit from investments in associates of 85.8 million baht, up 106 percent year-on-year. Operating net profit came in at 62.4 million baht, a 71.1 percent increase from the same quarter a year earlier. Revenue from sales and services was 415 million baht, up 26 percent year-on-year, with a gross profit margin of 38.1 percent, up from 35.5 percent in the prior-year period, thanks to special project work in the Security Solution segment which carries a high gross margin. For the first six months of 2026, net profit attributable to majority shareholders stood at 320.5 million baht, a 266 percent increase from the same period last year. The board of directors approved an interim dividend payment of 0.12 baht per share, with the ex-dividend date set for 19 August 2026 and payment on 4 September 2026.
Commercial Printing▲
TKS second-quarter net profit surges 1,311% to 168.9 million baht
T.K.S. Technologies Public Company Limited, or TKS, reported net profit attributable to majority shareholders in the second quarter of 2026 at 168.9 million baht, a 1,311% increase from the same period last year. The main driver was a 106% rise in share of profit from investments in associates to 85.8 million baht, while revenue from sales and services grew 26% to 415 million baht. Gross profit margin improved to 38.1% from 35.5% in the same quarter a year earlier. For the first six months, net profit stood at 320.5 million baht, up 266%, and the board approved an interim dividend of 0.12 baht per share, with the XD date on 19 August 2026 and payment on 4 September 2026.
Commercial Printing▲
TKS Q2 2026 profit surges 1,311%, dividend of 0.12 baht per share
TKS Technology reported second-quarter 2026 net profit attributable to majority shareholders of 168.9 million baht, a 1,311% jump from the same period last year. Total revenue reached 415 million baht, up 26%, driven mainly by share of profit from associates of 85.8 million baht and a strong gross margin of 38.1%. The board approved an interim dividend of 0.12 baht per share, with the XD date set for 19 August 2026 and payment on 4 September 2026. For the first six months, net profit attributable to majority shareholders stood at 320.5 million baht, a 266% increase. The company expects continued growth in the second half and aims to maintain a full-year gross margin of 35%.
Commercial Printing▲
Mid- and small-cap stocks with strong profit growth — ASW, TACC, 2S, TKS deliver second-quarter results
Several mid- and small-cap companies reported second-quarter net profit growth exceeding 10%. ASW posted a profit of 562 million baht, up from 198 million baht a year earlier, on revenue of 3.53 billion baht, with a backlog of 38 billion baht. TACC earned 104 million baht, growing 32% from 79 million baht. 2S reported a profit of 227 million baht, up from 75 million baht, and announced an interim dividend of 0.12 baht per share. TKS posted a profit of 128 million baht, up 28%. Meanwhile, SMT edged lower to close at 5.30 baht on sell-on-fact pressure, and EA closed at 3.06 baht, up 6.25%, marking its first sharp gain in three weeks.
Commercial Printing▲
TKS Q2 2026 profit surges 1,311% to 168.9 million baht, interim dividend of 0.12 baht
T.K.S. Technologies, or TKS, reported net profit attributable to major shareholders for the second quarter of 2026 at 168.9 million baht, a 1,311% increase from the same period last year. Total revenue was 415 million baht, up 26%, driven mainly by a share of profit from associates of 85.8 million baht and a strong gross profit margin of 38.1%. The board approved an interim dividend of 0.12 baht per share, with the XD date set for August 19, 2026, and payment on September 4, 2026. For the first six months of 2026, net profit attributable to major shareholders was 320.5 million baht, up 266% from the same period last year.
Commercial Printing▲
Cimpress raises fiscal 2028 adjusted EBITDA target to at least $615 million
Cimpress raised its fiscal 2028 adjusted EBITDA target to at least $615 million, up from the prior $600 million, citing higher expected contributions from recent acquisitions. For fiscal 2026, the company reported full-year revenue of $3.74 billion, a 10% reported increase, and adjusted EBITDA of $458.5 million, up 6%. Fourth-quarter revenue grew 9% to $944.3 million, while adjusted EBITDA of $120.4 million was impacted by about $10 million in one-time items. The company guided for fiscal 2027 adjusted EBITDA of at least $520 million, representing over 13% growth, and adjusted free cash flow of approximately $200 million. CEO Robert Keane highlighted a new strategic partnership with Canva as a meaningful growth opportunity, with a deep technical integration launching in more than 25 additional countries by the end of September.
Commercial Printing▲
Brady Corporation completes $1.4 billion acquisition of Honeywell's Productivity Solutions and Services business
Brady Corporation has completed its all-cash, $1.4 billion acquisition of Honeywell Technologies' Productivity Solutions and Services business, effective August 3. The PSS business generated sales of approximately $1.1 billion in 2025 and is expected to contribute about $0.80 of incremental adjusted diluted earnings per share within the first year following the close. Brady will now operate with two reportable segments: Identification Solutions for its existing business and Intelligent Productivity Solutions for the PSS business. The combined company aims to achieve at least $25 million in annual run-rate cost synergies within three years and expects net debt-to-EBITDA of approximately 2.5 times, deleveraging to below 2.0 times within two years. Brady funded the transaction with cash on hand, a senior unsecured credit facility, and private placement debt.
Commercial Printing▲
Brady Corporation completes $1.4 billion acquisition of Honeywell's Productivity Solutions and Services business
Brady Corporation has completed its all-cash acquisition of Honeywell Technologies' Productivity Solutions and Services business for $1.4 billion, effective August 3. The acquired business generated sales of approximately $1.1 billion in 2025 and is expected to contribute about $0.80 of incremental adjusted diluted earnings per share within the first year after closing. Brady will now operate with two reportable segments: Identification Solutions for its existing business and Intelligent Productivity Solutions for the PSS business. The company expects to achieve at least $25 million in annual run-rate cost synergies within three years and projects net debt-to-EBITDA of approximately 2.5 times, deleveraging to below 2.0 times within two years. The transaction was funded with cash on hand, a senior unsecured credit facility, and private placement debt.
Commercial Printing▲
Yongji Shares Reports Mid-2026 Net Profit Attributable to Parent of 81.919 Million Yuan, Up 44.72% Year-on-Year
Yongji Shares released its mid-2026 report, with net profit attributable to the parent of 81.919 million yuan, up 44.72% from the same period last year. The company's total operating revenue was 357 million yuan, down 16.65% year-on-year. Net cash inflow from operating activities was 69.319 million yuan, down 63.50% year-on-year. The company's latest asset-liability ratio is 37.93%, gross margin is 29.36%, and ROE is 7.19%.
Commercial Printing▼
Yongji Shares Releases 2026 Interim Report, Net Profit Attributable to Parent at 81.919 Million Yuan
Yongji Shares released its 2026 interim report on August 1, 2026. The company's total operating revenue was 357 million yuan, down 16.65% from the same period last year. Net profit attributable to the parent was 81.919 million yuan. Net cash flow from operating activities was 69.319 million yuan, down 63.50% year-on-year. The company's latest asset-liability ratio was 37.93%, up 8.82 percentage points from the same period last year.
Commercial Printing▼
NAR's H1 2026 Net Profit Attributable to Parent Falls 60.35% Year-on-Year
NAR disclosed its 2026 semi-annual report, showing total operating revenue of 1.197 billion yuan in the first half, up 23.14% year-on-year, but net profit attributable to the parent was 45.4873 million yuan, down 60.35% year-on-year. Deducted non-recurring net profit was 38.4497 million yuan, down 48.18% year-on-year, while net cash flow from operating activities was 89.4882 million yuan, up 60.15% year-on-year. Basic earnings per share were 0.13 yuan, and the weighted average return on equity was 2.82%, down 4.55 percentage points year-on-year.
Commercial Printing▲
Deluxe closes acquisition of Celero Commerce
Deluxe has closed its acquisition of Celero Commerce, a financial technology company focused on optimized payment solutions for small to mid-sized businesses and strategic partners. The deal significantly expands Deluxe Merchant Services, creating a scaled payment platform expected to process more than $70 billion of annual gross transaction volume and moving Deluxe toward top 10 non-bank merchant acquirer status. The transaction is expected to be accretive to adjusted EPS in the first full year, with more than $15 million in identified cost synergies. The combination adds over 55,000 merchant relationships and 130 bank partners to Deluxe's existing base. Deluxe will provide updated full-year 2026 guidance when it reports second quarter results on August 5, 2026.
Commercial Printing▲
Yongji Shares' First-Half 2026 Net Profit Rises 44.72% Year-on-Year
Yongji Shares released its 2026 semi-annual report, achieving operating revenue of 357 million yuan, down 16.65% year-on-year. Net profit attributable to shareholders of the listed company reached 81.919 million yuan, up 44.72% year-on-year.
Commercial Printing▲
Yongji Shares' first-half 2026 net profit attributable to parent rises 44.72% to 81.919 million yuan
Yongji Shares disclosed its 2026 semi-annual report, with net profit attributable to the parent reaching 81.919 million yuan in the first half, up 44.72% year-on-year. Total operating revenue for the same period was 357 million yuan, down 16.65% year-on-year. Deducted non-recurring net profit was a loss of 25.2172 million yuan, compared with a profit of 45.3302 million yuan in the same period last year. Total non-recurring gains and losses amounted to 107 million yuan, including 118 million yuan from changes in fair value of financial assets and disposal gains and losses. Net cash flow from operating activities was 69.319 million yuan, down 63.50% year-on-year.
Commercial Printing▼
Yongji Shares first-half net profit rises 45% on private equity investment gains of 118 million yuan, while recurring net profit swings to a loss, plunging 156%
Yongji Shares disclosed its 2026 semi-annual report, with net profit attributable to the parent company reaching 81.92 million yuan, up 44.72 percent year-on-year, mainly due to a combined fair value change gain and redemption gain of approximately 118 million yuan from the Shanzhashu Zhenzhuo No. 5 private securities investment fund it holds. The company's operating revenue was 357 million yuan, down 16.65 percent year-on-year, with revenue from its traditional paper product packaging main business falling 60.57 percent year-on-year, as it is in a phase of strategic clearance and recorded a loss. Revenue from the controlled pharmaceuticals business grew 102.06 percent year-on-year, serving as a performance stabilizer, but its scale is not yet sufficient to fully offset the impact of the main business clearance. After deducting non-recurring items, net profit swung from profit to a loss of 25.22 million yuan, a year-on-year decline of 155.63 percent. The IP merchandise and AIGC businesses remain in a strategic incubation period and did not generate scaled revenue during the reporting period.
Commercial Printing▲
Brady Leads Safety and Security Services Stocks with Strong Q1 Earnings Beat
Brady reported first-quarter revenues of $435.2 million, up 13.8% year on year and exceeding analysts' expectations by 7.2%, making it the top performer among six safety and security services stocks tracked. The company also delivered an impressive beat of analysts' full-year EPS guidance estimates, driven by strong organic sales growth globally and new product launches. MSA Safety posted revenues of $463.6 million, up 10% year on year and beating estimates by 2.7%, while Motorola Solutions reported $2.71 billion in revenues, up 7.4% year on year and exceeding estimates by 0.6%. GEO Group achieved the highest full-year guidance raise among its peers with revenues of $705.2 million, up 16.6% year on year, and Brink's reported $1.38 billion in revenues, up 10.3% year on year. As a group, the six companies beat revenue consensus estimates by 2.5% and saw their share prices rise 27.5% on average since reporting.
Commercial Printing▼
Hongbo Shares expects a net loss attributable to the parent of 42.4 million to 62.8 million yuan in the first half of 2026
Hongbo Shares disclosed an earnings forecast, expecting a net loss attributable to the parent of 42.4 million to 62.8 million yuan in the first half of 2026, compared with a profit of 42.2591 million yuan in the same period last year. The company expects operating revenue of 164 million to 200 million yuan for the period, a net loss after deducting non-recurring items of 51.8 million to 77.4 million yuan, and basic earnings per share between negative 0.0859 yuan and negative 0.1272 yuan. The swing from profit to loss was mainly due to intensified competition in the printing business, which led to lower revenue and overall gross margins. At the same time, the high base formed in the same period last year by the revenue and profit recognized from the acceptance of a major computing power project by its subsidiary Beijing Yingbo Digital Technology Co., Ltd. widened the year-on-year decline.
Commercial Printing▼
Naer Technology Expects First-Half 2026 Net Profit Attributable to Parent to Fall 55.55% to 66.88% Year-on-Year
Naer Technology disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 38 million yuan and 51 million yuan, a year-on-year decline of 55.55% to 66.88%. Deducted non-recurring net profit is expected to be between 30 million yuan and 40 million yuan, a year-on-year decline of 46.09% to 59.57%. The company stated that the decline in performance was mainly due to a non-recurring investment gain of over 33 million yuan from the sale of equity in an associate in the same period last year, exchange losses caused by the appreciation of the yuan against the US dollar, and rising upstream raw material prices pushing up costs.
Commercial Printing
Brady's Data Center Growth and Honeywell Acquisition Could Set Investors Up for Life
Brady represents a compelling long-term investment opportunity driven by data center demand and a transformative acquisition from Honeywell. The company's labeling and identification products are essential in industrial settings, with data center labeling accounting for 20% of Americas and Asia sales and growing 20% in the last reported quarter. Brady is acquiring Honeywell's Productivity Solutions and Services business for $1.4 billion, or 8 times trailing EBITDA, which is expected to add larger customers and generate $25 million in cost savings over three years. Wall Street anticipates over 14% annual earnings-per-share growth from 2025 to 2028, and the stock trades at less than 15 times estimated 2027 earnings, an attractive valuation for its growth prospects.
Commercial Printing▲
Deluxe to acquire Celero Commerce for $625 million
Deluxe Corporation has agreed to acquire financial technology company Celero Commerce for $625 million, plus certain seller transaction expenses and other adjustments. The deal is expected to advance Deluxe's transformation strategy, shifting its revenue mix toward higher-growth Payments and Data segments, with combined Payments and Data businesses projected to reach 57 percent of 2026 pro forma revenues, up from 31 percent in 2020. Celero generated over $200 million in revenue in 2025 with a 28 percent adjusted EBITDA margin, and the acquisition is anticipated to be accretive to adjusted EPS in the first year after closing, while also expanding revenue growth and adjusted EBITDA margin rates and generating strong cash flow, including over $15 million in anticipated cost synergies to be fully realized within 24 months. The transaction will be funded through committed debt financing, including a $375 million incremental Term Loan A from a five-bank syndicate led by BofA Securities and drawing on Deluxe's existing revolving credit facility, and is expected to close in the third quarter of 2026. Deluxe reaffirmed its previously issued fiscal 2026 guidance and plans to provide an updated outlook reflecting the acquisition after the deal closes.