Shandong Ruifeng Chemical Co Ltd

Ruifeng Polymer plans to obtain no less than 51 percent equity in Anhui Mituo New Materials Technology through cash acquisition and capital increase, with the total transaction consideration initially estimated at about 400 million to 500 million yuan, thereby entering the electronic-grade epoxy resin segment upstream of the copper-clad laminate supply chain. Mituo New Materials' main products include electronic-grade epoxy resin, low-dielectric resin, and photosensitive materials, with downstream demand mainly from the copper-clad laminate industry, creating synergies with Ruifeng Polymer in customers and raw materials. Financial data shows that Mituo New Materials posted operating revenue of 40.75 million yuan in 2025 and a net loss of 58.66 million yuan; in the first half of 2026, operating revenue was 28.55 million yuan and the net loss was 23.53 million yuan, with net assets of 124 million yuan as of June 30, 2026. Ruifeng Polymer's net profit attributable to the parent company was 30.33 million yuan in 2025 and 58.94 million yuan in the first half of 2026, meaning the target company's losses have already exceeded its full-year net profit and reached 40 percent of its net profit for the same period. On August 18, Ruifeng Polymer's share price hit the daily limit multiple times during trading before the limit was broken, closing up more than 15 percent.

Rifeng Cable plans to invest 700 million yuan to build a project with annual capacity of 300 tons of optical fiber preforms and 10 million fiber-kilometers of optical fiber. In addition, Ruifeng High Polymer plans to acquire no less than 51 percent equity in electronic-grade epoxy resin company Mituo New Materials for 400 million to 500 million yuan, and Jiemei Technology plans to invest an additional 428 million yuan in its North China production and research headquarters project to expand MLCC release film capacity. Sunwave Communications reported first-half net profit of 50.3935 million yuan, up 1,825.74 percent year on year; Grand Holding reported first-half net profit up 640.14 percent year on year and plans a dividend of 2.2 yuan per 10 shares; Raytron Technology reported first-half net profit up 258.78 percent year on year and plans a dividend of 5 yuan per 10 shares. Digital China plans to buy back shares worth 200 million to 400 million yuan, and Unitree Technology will list on the STAR Market on August 19.

Unitree Technology announced on August 17 that its shares will list on the Shanghai Stock Exchange STAR Market on August 19, 2026. On the same day, Kaichuang Electric plans to invest 15 million yuan to participate in establishing the Jinhua Wucheng Lingchuang Robot Industry Fund with a total size of 100 million yuan. Haomei New Materials plans to subscribe 100 million yuan to participate in establishing the SMIC Xicheng Artificial Intelligence Venture Capital Fund with a target size of 1 billion yuan. Daheng Technology plans to acquire a 5 percent stake in Zhongshi Guangxin for 111 million yuan, while Yueling plans to transfer a 5 percent stake in Zhongshi Guangxin for approximately 111 million yuan. Huayang Group's controlling shareholder is planning a change of control, and trading in the company's shares will be suspended from August 18. Juncheng Technology is planning to acquire 50 percent of Jiangsu Xintongda with cash, after which Jiangsu Xintongda will become its controlling subsidiary. Ruifeng High Materials plans to acquire no less than 51 percent of Mitop New Materials for between 400 million and 500 million yuan. In terms of earnings, Do-Fluoride New Materials reported first-half net profit of 512 million yuan, up 897.19 percent year on year. Youngy reported first-half net profit of 1.002 billion yuan, up 1,076.14 percent year on year. Fudan Microelectronics reported first-half net profit of 849 million yuan, up 338.58 percent year on year. Tianhua New Energy reported first-half net profit of 2.292 billion yuan, turning from loss to profit year on year.

Ruifeng Polymer has released its 2026 interim report, with net profit attributable to the parent company reaching 58.9359 million yuan, a year-on-year increase of 348.43%. The company's total operating revenue was 1.097 billion yuan, up 9.04% year-on-year, marking three consecutive years of growth. Net cash inflow from operating activities was 6.2295 million yuan, down 81.96% year-on-year. The company's latest asset-liability ratio stands at 33.58%, a decrease of 17.60 percentage points from the same period last year. Gross margin reached 18.86%, achieving five consecutive quarters of increase. ROE was 3.80%, up 2.85 percentage points year-on-year.