Hangcha Group Co Ltd

After market close on September 15, Hangcha Group announced plans to issue convertible corporate bonds to unspecified investors, raising no more than 2.259 billion yuan with a term of six years. After deducting issuance expenses, the proceeds will be directed to a forklift robot smart factory project, a new energy forklift expansion project, a forklift robot and logistics robot research and development project, and replenishing working capital, with planned allocations of 759 million yuan, 705 million yuan, 225 million yuan, and 570 million yuan respectively. The total investment in the forklift robot smart factory project is 872 million yuan. The matter has been approved by the company's board of directors and still requires submission to the shareholders' meeting for review. This marks another major commitment by Hangcha Group to intelligent development following its 2025 acquisition of Zhejiang Guozi Robotics Technology Company. In the first half of 2026, the company's revenue from intelligent logistics integration and robotics-related business reached 796 million yuan, up 30.81 percent year on year, while cumulative new orders for Hangcha Guozi Intelligent reached 892 million yuan, up 29.26 percent year on year.

Range Technology plans to contribute 1 billion yuan of its own funds to invest in Xiamen Shidai Shenyuan Venture Capital Fund Partnership, a limited partnership. The fund has a total committed size of 4.90001 billion yuan, with Range Technology holding a 20.4081 percent stake. The fund will focus on frontier technology areas such as artificial intelligence and embodied intelligence. Bestechnic plans to repurchase shares worth 50 million to 100 million yuan, at a price not exceeding 150 yuan per share, for employee stock ownership plans or equity incentives. CATL's wholly owned subsidiary Ningbo Wending plans to participate as a limited partner in Xiamen Shidai Yiyuan Venture Capital Fund Partnership, with a committed contribution of 1.12 billion yuan and a 19.4175 percent stake in the fund. The company's controlling shareholder Xiamen Ruiting will also participate in the fund as a limited partner, making this investment a related-party co-investment. Hangcha Group plans to issue convertible bonds to raise no more than 2.259 billion yuan, with a term of six years, for a forklift robot smart factory project, a new energy forklift expansion project, a forklift robot and logistics robot research and development project, and to supplement working capital. Weikang Pharmaceutical has received an approval notice from the National Medical Products Administration for a supplementary application for clinical trials of its Huangjia Ruangan Granules, agreeing to conduct a Phase III clinical trial for liver fibrosis caused by chronic hepatitis B virus infection.

Hangcha Group released its 2026 interim report, with total operating revenue of 10.1 billion yuan and net profit attributable to the parent company of 1.215 billion yuan. Net cash inflow from operating activities was 382 million yuan, the asset-liability ratio was 38.74%, gross margin was 24.91%, ROE was 9.96%, and diluted earnings per share was 0.93 yuan. Total asset turnover was 0.50 times, and inventory turnover was 2.27 times. The number of shareholders was 19,300, and the top ten shareholders held 69.05% of the total share capital.

Hangcha Group hosted its first AI Day technology event, launching five forklift robots and initiating its embodied intelligence strategy, along with the release of the LogiMind embodied large model. The company publicly interpreted the technical architecture of the LogiMind Hangcha Smart Hub model for the first time, which employs a dual-brain structure with a cloud brain and a local cerebellum working in coordination. The five forklift robots cover core operational scenarios including counterbalance, reach, pallet truck, and stacker types, sharing a unified technology foundation of 3D LiDAR, multi-view depth cameras, and an end-cloud collaborative industrial large model. Chairman Zhao Limin stated that Hangcha will officially embark on an intelligent development strategy, taking a second entrepreneurial step, and strive to become a top global provider of integrated intelligent logistics solutions.