Red Board Technology stages a floor-to-ceiling rally in the afternoon, turnover exceeds 2 billion yuan

EarningsCorporate Action

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Summary · why it matters

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.

Jiangxi Redboard Tech Co Ltd ▲