Feilong Auto Components Co Ltd

Feilong Shares announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 95 million yuan and 117 million yuan, a year-on-year decline of 59.20% to 66.87%. The company said the change in performance was mainly caused by the combined effect of multiple phased factors, including intensifying industry competition, rising raw material prices, exchange rate fluctuations, and new businesses still being in a cultivation period. Among these, third-quarter net profit is expected to be between 19 million yuan and 41 million yuan, while second-quarter net profit was 18 million yuan. Based on this calculation, third-quarter net profit is expected to increase by 7% to 130% quarter on quarter.

Feilong Shares announced that net profit attributable to shareholders for the first three quarters of 2026 is expected to be between 95 million yuan and 117 million yuan, down 59.20% to 66.87% year on year, mainly due to the combined impact of multiple phased factors including intensifying industry competition, rising raw material prices, exchange rate fluctuations, and new businesses still in the incubation period. At this stage, revenue from non-automotive businesses accounts for a relatively low proportion of overall revenue. New Asia Technology is planning to acquire a controlling stake in Shanghai Qiyuan Gas Development Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds. The transaction is expected to constitute a major asset restructuring, and trading in the company's securities has been suspended since the market opened on October 8, 2026. Huahai Pharmaceutical expects net profit for the first three quarters of 2026 to be between 1.028 billion yuan and 1.103 billion yuan, up 170% to 190% year on year, mainly due to a significant increase in sales revenue from the active pharmaceutical ingredients business, expansion of products winning bids under centralized procurement in the domestic finished drug business, a turnaround to profitability in the US finished drug business, as well as gains from winning an arbitration and a reduction in research and development expenses. Asieris Pharmaceuticals has signed a conditional exclusive license agreement with Theramex, under which Theramex obtains exclusive rights to APL-1702 in European countries as well as Australia, New Zealand, and Turkey. The company will receive an upfront payment of 15 million US dollars, a near-term regulatory milestone payment of 11 million US dollars, as well as commercial milestone payments and tiered sales royalties, with the total transaction value exceeding 250 million US dollars. COSCO Shipping Holdings has completed its A-share repurchase, actually repurchasing 50.0175 million shares, accounting for 0.3276% of total share capital, with a repurchase amount of 755 million yuan and a repurchase price range of 13.69 yuan to 16.42 yuan per share. The company will cancel the repurchased shares on October 8.

Feilong Shares released its 2026 interim report, with net profit attributable to the parent company at 75.7099 million yuan, down 64.02% from the same period last year. Total operating revenue was 2.206 billion yuan, up 2.03% year-on-year. Net cash inflow from operating activities was 126 million yuan, down 59.50% year-on-year. The latest asset-liability ratio was 44.77%, gross margin was 20.49%, return on equity was 2.27%, and diluted earnings per share was 0.13 yuan.

Mid-year earnings previews from AI supply chain companies continue to roll out. A-share memory leader GigaDevice expects first-half net profit attributable to the parent of approximately 6.9 billion yuan, a year-on-year increase of about 1,099 percent, exceeding full-year forecasts from multiple brokerages. The company said the memory chip industry is experiencing tight supply, with both volume and prices rising, while microcontroller shipments also achieved solid growth. Additionally, fair value gains from securities investments increased significantly. Foxconn Industrial Internet expects first-half net profit attributable to the parent of 23.4 billion to 24.4 billion yuan, up 93 to 101 percent year-on-year, marking the first time half-year net profit has exceeded 20 billion yuan. AI server revenue surged over 230 percent year-on-year. Meanwhile, niche leaders such as Han's CNC, Dinglong, and Allwinner Technology also issued positive previews. However, Feilong Auto's liquid cooling business still accounts for a low share of revenue, and Suzhou Keda's new AI business remains in the investment phase, weighing on performance.