Shaanxi Sirui Advanced Materials Co. Ltd. A

Sirui New Materials disclosed its 2026 semi-annual report on the evening of August 25. In the first half, it achieved operating revenue of 1.086 billion yuan, up 40.60 percent year on year, and net profit attributable to shareholders of the listed company of 96.0625 million yuan, up 28.53 percent. Among these, the optical module chip base and housing business became the brightest growth driver, with revenue of 112 million yuan, surging 387.78 percent year on year. The liquid rocket engine thrust chamber inner wall business recorded revenue of 31.1535 million yuan, up 33.77 percent. The CT and DR tube components and other businesses recorded revenue of 73.7365 million yuan, up 79.83 percent. The company's traditional medium and high voltage electrical contact materials segment posted revenue of 223 million yuan, with a domestic market share of over 60 percent for copper-chromium electrical contact materials, and it has achieved batch supply of 550 kilovolt and 80 kiloamp high anti-erosion copper-tungsten contacts. During the reporting period, research and development investment was 57.1346 million yuan, up 34.74 percent year on year, and overseas revenue was 263 million yuan, up 46.44 percent.

Sirui New Materials disclosed its 2026 semi-annual report on August 26. In the first half, it achieved total operating revenue of 1.086 billion yuan, up 40.60% year on year. Net profit attributable to the parent company was 96.06 million yuan, up 28.53% year on year. Net profit after deducting non-recurring items was 87.83 million yuan, up 26.04% year on year. Net cash flow from operating activities was negative 69.89 million yuan, compared with negative 7.83 million yuan in the same period last year. Basic earnings per share were 0.124 yuan, and the weighted average return on equity was 4.85%. The company mainly produces high-strength and high-conductivity copper alloy materials and products, medium and high voltage electrical contact materials and products, high-performance chromium metal powder, CT and DR tube components, optical module chip bases and housings, and liquid rocket engine thrust chamber inner walls.

Against the backdrop of crowded trading in A-share technology hot sectors and amplified short-term volatility, institutions recommend that investors shift their attention to three major sectors: the low-altitude economy, humanoid robots, and commercial aerospace, seizing pullback windows to position at lower levels. CICC believes that the intensive rollout of low-altitude economy policies is resonating with technological iteration across the industry chain, and expectations for an industry inflection point are gradually strengthening. Guoyuan Securities analyst Gong Siwen suggests focusing on whole-machine names such as Wanfeng Auto Wheel, EHang, JOUAV, and Lvneng Huichong, as well as core component names such as Zongshen Power, Wolong Electric Drive, Yingliu Shares, and Inpower. On the humanoid robot front, Unitree Robotics recently entered the capital market and is expected to provide a clearer valuation anchor for the sector, driving a shift in capital from pure thematic speculation to growth-based pricing. Huayuan Securities analyst Zhao Mengni suggests focusing on Everwin Precision, Foresight Technology, Sanhua Intelligent Controls, Tuopu Group, Leader Harmonious Drive, Shuanghuan Transmission, Hengli Hydraulic, Zhejiang Rongtai, Moons' Electric, and Zhaowei Machinery & Electronics. In commercial aerospace, the Long March 10B and Zhuque-3 have successively completed successful recoveries, and reusable rocket technology is maturing. With falling launch costs resonating with demand for low-orbit constellation networking, industrialization is expected to accelerate. Guotai Haitong Securities analyst Yang Tianhao suggests focusing on Chengchang Technology, Tongyu Communication, Sunway Communication, Shanghai Hanxun, Aerospace Electronics, Feiwo Technology, Sirui Advanced Materials, and Western Metal Materials.

Commercial aerospace stocks surged in afternoon trading, with Landun Photoelectron hitting the 20 percent daily limit up, and Tianhe Defense and Aerospace Nanhu rising over 5 percent. The market is focused on the upcoming launch of LandSpace's Zhuque-3 Yao-2 reusable rocket. A research report from Huatai Securities believes that after nine months of preparation, the probability of a successful recovery in the second flight test of Zhuque-3 is relatively high. Zhongtai Securities pointed out that if Zhuque-3 achieves stable recovery and reuse, it will drive the transformation of China's commercial rocket launches toward high-frequency operations. Several A-share companies, including Sirui Advanced Materials, Shenjian Corporation, and Hongda Electronics, have confirmed business cooperation with LandSpace. Sirui Advanced Materials and Goldwind Science and Technology also hold equity stakes, but the relevant companies emphasize that the business volume and shareholding ratios are small. Institutions unanimously predict that commercial aerospace concept stocks whose net profit growth rates are expected to continue doubling in 2026 and 2027 include Yuhuan CNC Machine Tool, Shaanxi Huada, Zhongtian Rocket, Shanghai Hanxun, and Aerospace Nanhu.