Nantong Square Cold Chain Equipment Co Ltd

Square Technology has maintained growth in operating performance this year, with product upgrades in its two core businesses continuing to advance. In the first half of 2026, the company achieved operating revenue of 965 million yuan, up 12.05 percent year on year, and net profit attributable to the parent of 86.2916 million yuan, up 24.48 percent. Among this, the cold chain business recorded operating revenue of 456 million yuan, up 32.88 percent year on year. The automated three-dimensional cold storage complete system integration business showed clear results, and cold chain equipment now covers quick-freezing equipment, refrigeration compressor units, heat exchangers, thermal insulation and energy-saving materials, and cold storage, among other segments, gradually expanding from core equipment manufacturing to automated cold storage complete system integration. The tank container business currently ranks among the global top three. In the first half of this year, the company continued to expand special products such as 30-foot tank containers, refrigerated tanks, ammonia tanks, lined tanks, and anhydrous hydrofluoric acid tanks, with application areas further covering lithium battery new energy, semiconductors, marine engineering equipment, and food cold chain logistics, while extending into LNG cryogenic applications based on existing polyurethane material technology. The company's 1.023 billion yuan convertible bond will be listed on the Shanghai Stock Exchange on September 23, with the raised funds mainly directed toward enhanced polyurethane cryogenic composite materials for LNG insulation systems, special tank storage and transport equipment, and research and development capacity building for green energy-saving new materials.

Southern Finance, September 22. Square Technology announced that the company plans to use raised funds to provide interest-free loans of no more than 607.731 million yuan and 410.2582 million yuan respectively to its wholly owned subsidiaries Square Energy Saving and Square Tank Storage, totaling more than 1 billion yuan, for the implementation of the Enhanced Polyurethane Cryogenic Composite Materials Project for LNG Insulation Systems, the Special Tank Storage and Transportation Equipment Production Project, and the Green Energy-Saving New Materials Engineering Technology Research Center Construction Project. The loan term runs until the projects are completed, and the funds are deposited in a dedicated account for raised funds. The company stated that these loans are based on the needs of implementing the fundraising projects, which will help improve capital efficiency and ensure the smooth progress of the projects.

Power Diamond disclosed its 2026 semi-annual report, with first-half operating revenue reaching 438 million yuan, up 80.94% year-on-year, and net profit attributable to the parent company of 90.0816 million yuan, surging 247.61% year-on-year. The company focuses on synthetic diamond products. During the reporting period, breakthroughs in key technologies such as the synthesis of ultra-large diamond single crystals and a continuously improving export market for lab-grown diamond rough drove a significant increase in sales. On the same day, Square Technology, Universal Scientific Industrial, and Kingsoft Office also released their first-half results. Square Technology's net profit attributable to the parent company was 86.2916 million yuan, up 24.48% year-on-year; Universal Scientific Industrial's net profit attributable to the parent company was 822 million yuan, up 28.85% year-on-year; and Kingsoft Office expects net profit attributable to the parent company to be between 2.316 billion yuan and 2.719 billion yuan, an increase of 209.98% to 263.89% year-on-year.