Haining China Leather Market Co Ltd

Haining Leather City released its 2026 half-year report, showing first-half net profit attributable to the parent rose 27% year on year to 58.8 million yuan, while operating revenue fell 2.6% to 457 million yuan. In the second quarter, the company successfully returned to profit, with net profit attributable to the parent of 21.55 million yuan, compared with a loss of 13.43 million yuan in the same period last year. As of the end of the second quarter, the company's total assets stood at 13.581 billion yuan, up 3.0% from the end of the previous year. The company said the industry overall is stable and the domestic sales market is growing, but intensifying competition is creating pressure. In response, it is promoting digital transformation, expanding foreign trade business, and continuing to improve service quality in the health industry and financial services.

Haining Leather City New Energy Development Company, a subsidiary of Haining Leather City, plans to acquire stakes in 38 photovoltaic companies for 226 million yuan. The counterparties are Zhejiang Shengmao New Energy Technology Company, Haining Juhui New Energy Company, and Haining Xinjie New Energy Technology Company. The relevant equity transfer agreements were signed on August 11, 2026. In the first quarter of 2026, Haining Leather City achieved revenue of 240 million yuan and net profit attributable to the parent company of 37.25 million yuan.

On the evening of August 12, several listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Suzhou ShuoBeiDe plans to raise no more than 1.096 billion yuan through a private placement, for projects including server cooling modules, lightweight radio-frequency components for smart glasses, and low-earth-orbit satellite communication antennas and modules. Hybio Pharmaceutical signed a cooperation agreement with Shenyang Sunshine Pharmaceutical for a semaglutide injection blood glucose control indication, under which the two parties will carry out development, registration, production, and commercialization cooperation in China. CFMOTO's U.S. subsidiary has cumulatively received refunds of U.S. tariffs and interest totaling 38.6079 million U.S. dollars, which is expected to affect the company's 2026 net profit by approximately 183 million yuan. Weihua New Materials plans to repurchase shares for 80 million to 120 million yuan, to be used for employee stock ownership plans or equity incentives. Haining Leather City New Energy plans to purchase equity in a total of 38 target photovoltaic companies for 226 million yuan.