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Tuojing Technology released its 2026 semi-annual report. In the first half of the year, it achieved operating revenue of 2.913 billion yuan, up 49.06 percent year on year. Net profit attributable to the parent company was 1.343 billion yuan, up 1,324.10 percent year on year. Net profit after deducting non-recurring items was 367 million yuan, up 861.92 percent year on year. The company said that with technological breakthroughs and large-scale production of thin-film deposition equipment such as PECVD, ALD, SACVD, HDPCVD, and Flowable CVD, as well as three-dimensional integration equipment products, the core competitiveness of its products in advanced process fields has improved significantly, and business scale has grown substantially. An important reason for the sharp increase in net profit attributable to the parent company is that during the reporting period, fair value changes arising from trading financial assets increased by about 960 million yuan compared with the same period last year. The company also proposed a semi-annual profit distribution plan for 2026, planning to distribute a cash dividend of 3.50 yuan, including tax, for every 10 shares to all shareholders. The total proposed cash dividend is about 101 million yuan, including tax, accounting for 7.54 percent of net profit attributable to the parent company in the reporting period. It will not convert capital reserves into share capital and will not issue bonus shares. As of the close on August 20, Tuojing Technology's share price was 671.26 yuan per share, with a total market value of 195.1 billion yuan.

After the recent sharp pullback in China's A-share tech sector, analysts point out that the underlying logic supporting the tech bull market remains intact, and the correction has instead provided more cost-effective positioning opportunities. They recommend focusing on dip-buying chances in optical communications, semiconductor equipment, and commercial aerospace. In optical communications, the computing power race driven by generative AI continues, with the peak shipment cycle for 800G products and the upgrade cycle to 1.6T approaching. Chinese manufacturers hold solid global competitive advantages. Eoptolink Technology expects first-half net profit attributable to shareholders of 7 billion to 8 billion yuan, up 77.56% to 102.93% year-on-year. Suzhou TFC Optical Communication expects first-half net profit attributable to shareholders of 1.124 billion to 1.304 billion yuan, up 25% to 45% year-on-year. Industrial Securities analyst Zhang Lin remains bullish on the sector and suggests paying attention to Zhongji Innolight, Eoptolink Technology, Suzhou TFC Optical Communication, and Sinopower Electronics. The semiconductor equipment industry maintains high prosperity. SEMI forecasts that global total sales of semiconductor manufacturing equipment will reach a record high of 165.9 billion US dollars in 2026, up 23.2% year-on-year. Ping An Securities analyst Yang Zhong recommends Naura Technology, Advanced Micro-Fabrication Equipment, Tuojing Technology, Hwatsing Technology, Skyverse, and Leadmicro. In the commercial aerospace sector, after valuation compression, policies continue to advance, rocket recovery technology matures, and launch costs decline. Zheshang Securities analyst Peng Lei believes China's commercial aerospace is poised to enter a rapid growth phase, with 2026 potentially becoming a dense year for recovery verification. Shanghai Hanxun, China Aerospace Times Electronics, ST Zhenlei, Chengchang Technology, Maxwell Technologies, and Sunway Communication are widely favored.