Xinghua New Materials posts H1 revenue of 525 million yuan, enters lululemon supply chain

Earnings
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Summary · why it matters

Xinghua New Materials released its 2026 semi-annual report. In the first half, it achieved operating revenue of 525 million yuan, up 35.30% year on year, but net profit attributable to the parent company was 67.45 million yuan, down 16.12% year on year. Its core reflective materials business recorded revenue of 303 million yuan, up 1.87% year on year. The company was selected into the supply chain of international sports brand lululemon, becoming the designated supplier of reflective printed fabrics for its full product range. Subsidiary Dongwang Intelligent was consolidated from January 31 and contributed revenue of 128 million yuan and net profit of 9.03 million yuan in the first half. Among this, revenue from sales of artificial intelligence software and hardware products and GPU repair and maintenance services was 8.74 million yuan, up 1,891.04% year on year. The company is extending from traditional informatization into digital infrastructure, AI computing power and intelligent applications, building a GPU chip-level repair service chain.

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