Shareate Tools Ltd

Xinrui Shares disclosed its 2026 interim report, with net profit attributable to shareholders of the listed company reaching 565 million yuan in the first half, up 460.51% year on year. The company's operating revenue for the same period was 2.057 billion yuan, up 80.39% year on year. The performance data was disclosed in an announcement released by the company on August 25.

Xinrui Shares' acquisition of Huilian Electronics has reached a substantive milestone. The company has completed the first payment under the equity purchase agreement, and all legacy issues such as the pledge of the target equity and related-party debts have been fully resolved. Huilian Electronics will be formally consolidated into the company's financial statements starting in August. Huilian Electronics specializes in the field of precision cutting tools for printed circuit boards, mastering core technologies such as mature ultra-fine micro-drills and diamond coatings. Its customers include leading PCB manufacturers like Avary Holding and Shennan Circuits, and it is a significant beneficiary of the industry boom in high-end circuit boards for AI servers. This acquisition is a core strategic move for Xinrui Shares to expand its electronic precision consumables business, with strong synergies with the company's existing cemented carbide main business. The market also views this acquisition as an important step for the company to open up a second growth curve. According to the acquisition agreement, Xinrui Shares paid 79.6528 million yuan in special release funds to the seller Xu Meihua on July 30. The seller settled the corresponding debts on the same day and simultaneously completed all procedures for the cancellation of the equity pledge. Currently, the target equity is free from any rights restrictions such as mortgages, pledges, or freezes. Meanwhile, all related-party debts have been fully settled, with the main sellers—Henan Jiurixu Enterprise Management Company, Xu Meihua, and Li Lingxiang—instructing Xinrui Shares to pay the target company from the equity transfer payments they are due to receive. Currently, the transaction parties are handling relevant tax and industrial and commercial registration change procedures.