Hongqiao Holdings Reports 11.95% Revenue Growth and 77.02% Net Profit Surge in H1 2023

On August 20, Jianghai Capacitor announced its semi-annual report for 2026, with revenue of 3.151 billion yuan, up 16.96% YoY; net profit attributable to shareholders of the publicly listed firm of 383 million yuan, up 6.92% YoY. During the reporting period, aluminum electrolytic capacitors continued R&D and upgrading: the specific capacity of etched foil continuously improved, and N-type conductive polymer materials gradually achieved industrialisation. New and renovated full-automatic bullhorn production lines for data centers were built; next-generation aluminum capacitors such as solid-liquid hybrid and MLPC products achieved technological upgrades and capacity expansion. Film capacitors leveraged their unique and superior performance in specific products within niche markets to rapidly increase production capacity and capture market share. The era of supercapacitors has arrived, with emerging application fields such as power frequency regulation and data centers showing strong demand and achieving large-scale delivery. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital.

On August 20, Yongmaotai disclosed its semi-annual report, with H1 revenue of 2.985 billion yuan, up 13.94% YoY; net profit attributable to shareholders of the publicly listed firm of 80.4496 million yuan, up 306.94% YoY.

August 20, Xingfa Aluminum announced that the Group expects to record net profit attributable to equity shareholders of the Company for H1 2026 in the range of 165 million yuan to 171 million yuan, compared with approximately 270.9 million yuan in H1 2025. The Board believes that the decrease in net profit is mainly due to intensified industry competition and the continuous rise in aluminum raw material prices, which put pressure on the Group's product gross profit, leading to a decline in net profit attributable to shareholders of the Group. On August 20, Xinjiang Joinworld disclosed its semi-annual report, with H1 revenue of 4.085 billion yuan, up 2.05% YoY; net profit attributable to the parent of 523 million yuan, up 33.55% YoY.