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Hengbao Co Ltd

Hengbao Co.,Ltd. engages in the fintech, internet of things, certificate and identity security, access management, intelligent identification, and digital and data services in China and internationally. The company offers card payment and security services; blockchain finance, digital asset wallet, and supply chain financial platform; mobile communications and the internet of things, including sim, esim, and M2M card. It also provides smart password keys, electronic token, Bluetooth USBKEY, mobile smart terminal mobile phone shield, and other products; and tax security products, such as tax control disk and transmission disk, and tax U-key. In addition, the company offers bluetooth secure reading and writing terminals, mPOS, mobile POS, and face recognition payment terminal; and one card cloud and mobile payment platform services. Further, it serves its products to financial industry, communications industry, mobile payment cloud platform, automotive, and composite material solutions. Hengbao Co.,Ltd. was founded in 1996 and is headquartered in Danyang, China.

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Artificial Intelligence

Yuanjie Technology Plans 4.268 Billion Yuan Investment in Optical Chip Industrial Park

Yuanjie Technology plans to invest approximately 4.268 billion yuan to build the Yuanjie Semiconductor Technology Industrial Park project, creating an industrialization base including laser chip production lines and supporting facilities in Fengxi New City, Xixian New District, Shaanxi Province. Qiangrui Technology plans to raise no more than 1.05 billion yuan through a private placement, to be used for projects such as precision liquid cooling components for AI servers. The company achieved operating revenue of 1.374 billion yuan in the first half of the year, up 63.68 percent year-on-year, with net profit of 86.11 million yuan, up 56.83 percent. Foxconn Industrial Internet reported first-half operating revenue of 557.861 billion yuan, up 54.63 percent year-on-year, and net profit attributable to the parent of 23.74 billion yuan, up 95.99 percent. In addition, Shanghai released the 15th Five-Year Plan for the software and information services industry, promoting innovative applications of the digital yuan in scenarios such as the metaverse and supply chain finance, with companies like Hengbao and Jilin University Zhengyuan Information Technologies participating in related businesses.
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Artificial Intelligence ▲
上海证券报·15dRead more ▾
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Tech Finance Sector Surges, Feitian Technologies Hits 20% Daily Limit Up

The tech finance sector surged in volatile trading, with Feitian Technologies hitting its 20% daily limit up. Cuivei Shares, Hengbao, and Chutian Dragon also hit their daily limit up. Recently, nine departments including the People's Bank of China, the National Development and Reform Commission, and the Ministry of Science and Technology jointly issued a notice on strengthening data development and utilization in the tech finance sector, and simultaneously released the National Tech Finance Data Development and Utilization Catalog 1.0, marking the official entry of tech finance into a new data-driven stage.
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中国基金报·21dRead more ▾
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Hengbao forecasts attributable net loss of 36 million to 50 million yuan for first half of 2026

Hengbao disclosed an earnings forecast, expecting an attributable net loss of 36 million to 50 million yuan for the first half of 2026, compared with a profit of 35.3541 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 50 million to 64 million yuan, versus a profit of 22.5818 million yuan a year earlier. The company said its traditional domestic main business has entered a phase of saturated stock, and intensified competition has led to an irrational sharp decline in product selling prices. At the same time, the supply of key raw material chips is tight and procurement unit prices have risen, squeezing profit margins from both sides. In addition, the company's full-scale digital transformation and increased upfront investment in overseas business have also affected performance. To turn the situation around, the company plans to expand overseas market development, promote next-generation products such as eSIM and digital security, implement strategic raw material stockpiling and price locking, and advance production automation upgrades.
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中国证券报·44dRead more ▾
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