HIT Welding Industry Co. Ltd.

Harbin Welding Huatong released its 2026 interim report. Total operating revenue was 919 million yuan, an increase of 114 million yuan from the same period last year, up 14.09% year on year, marking two consecutive years of growth. Net profit attributable to the parent company was 18.5487 million yuan, an increase of 6.2688 million yuan from the same period last year, up 51.05% year on year. Net cash flow from operating activities was negative 64.1125 million yuan. The asset-liability ratio was 40.70%. Gross margin was 12.45%, up 0.71 percentage points from the same period last year, rising for three consecutive years. Diluted earnings per share were 0.10 yuan, up 42.86% year on year. Total asset turnover was 0.37 times, and inventory turnover was 1.79 times. The number of shareholders was 25,100, and the top ten shareholders held 67.00% of the total share capital.

The State Council executive meeting decided to approve four nuclear power projects, including the first phase of the Liaoning Zhuanghe project, totaling eight new units with an overall investment exceeding 170 billion yuan. Boosted by this news, the nuclear power sector strengthened against the market trend, with more than 10 stocks including Jiusheng Electric, China Nuclear Engineering, and Jiangsu Shentong hitting their daily limit-up, and net capital inflows into the nuclear power sector from major funds exceeding 2.6 billion yuan. The newly approved projects include the second phase of the Zhejiang Jinqimen nuclear power project, the third phase of the Guangdong Taipingling nuclear power project, the first phase of the Liaoning Zhuanghe nuclear power project, and the first phase of the Shandong Laiyang nuclear power project. These are the first nuclear power projects approved during the 15th Five-Year Plan period. In recent years, new nuclear power projects have maintained a regular approval pace, with 10 or more units approved each year for four consecutive years from 2022 to 2025. As the proportion of nuclear power entering the market rapidly increases, the average market-based settlement price for nuclear power has fallen below the approved on-grid tariff. How to establish a mechanism for stable returns has become a key issue. Liaoning and Guangxi have already taken the lead in piloting a mechanism-based electricity price for nuclear power, which is expected to be promoted in other major nuclear power provinces.