Hangzhou Juheshun New Material Co Ltd (605166.CG) — News & Stock Impact

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605166.CG

Juheshun's A-share private placement application accepted by Shanghai Stock Exchange

Juheshun announced that on September 24, 2026, the company received an acceptance notice from the Shanghai Stock Exchange. The exchange reviewed the prospectus and related application documents submitted by the company for issuing securities as a main-board listed company on the Shanghai market, and determined that the application documents were complete and met the statutory requirements, deciding to accept the application and conduct review in accordance with the law. The company's proposed private placement of A-shares still needs to pass review by the Shanghai Stock Exchange and obtain a registration decision from the China Securities Regulatory Commission before it can be implemented. There is uncertainty as to whether it will ultimately pass review and obtain the registration decision.

Hangzhou Juhes…

605166.CG · Capital · Neutral Juheshun's A-share private placement application was accepted by the Shanghai Stock Exchange, but still needs review and CSRC registration with uncertainty.

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Juheshun's 2026 interim net profit falls 43% year-on-year to 63 million yuan

Juheshun released its 2026 interim report, with net profit attributable to the parent company of 63.001 million yuan, down 43.05% from the same period last year. Total operating revenue was 2.649 billion yuan, a year-on-year decrease of 12.58%. Net cash inflow from operating activities was 150 million yuan, up 30.59% year-on-year, marking a third consecutive year of growth. The company's latest asset-liability ratio was 62.43%, gross margin was 7.81%, ROE was 3.12%, and diluted earnings per share was 0.20 yuan.

Hangzhou Juhes… ▼

605166.CG · Capital · Negative Net profit fell 43% year-on-year, revenue down 12.58%, indicating weaker financial performance.

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Juheshun lowers conversion price of Juhe convertible bond to 8.85 yuan

Juheshun announced that its board of directors has decided to revise the conversion price of the Juhe convertible bond downward from 11.31 yuan per share to 8.85 yuan per share, with the revised conversion price taking effect from August 14, 2026. The convertible bond stopped conversion on August 13, 2026, and resumed conversion on August 14. The company's closing price on August 12 was 8.84 yuan per share. Previously, from July 7 to July 27, 2026, the company's stock had 15 trading days with closing prices below 80 percent of the then-current conversion price, triggering the downward revision clause. The proposal was approved at the company's third extraordinary shareholders' meeting of 2026 held on August 12. The Juhe convertible bond was issued in March 2022 with a size of 204 million yuan and a term of six years. Its initial conversion price was 14.63 yuan per share, and the conversion price has been adjusted multiple times since then due to equity distributions and the implementation of revision clauses.

Hangzhou Juhes… ▼

605166.CG · Capital · Negative Downward revision of conversion price dilutes existing shareholders and signals weak stock performance.

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Juheshun Plans Private Placement of Up to 300 Million Yuan to Entity Fully Owned by Actual Controller

Juheshun announced that the company plans to issue shares to Yongchang Holdings and Hainan Yongchang, entities fully controlled by actual controller Fu Changbao, raising no more than 300 million yuan to supplement working capital. As of the announcement date, the company has no controlling shareholder, and actual controller Fu Changbao together with Yongchang Holdings and Hainan Yongchang controls a combined 31.98% stake in the company. After this issuance, the company will still have no controlling shareholder, and the combined shareholding of actual controller Fu Changbao and his concert parties will rise to 38.16%.

Hangzhou Juhes… ▲

605166.CG · Capital · Positive Company plans private placement to raise up to 300 million yuan from entities controlled by actual controller, increasing their stake and providing working capital.

永昌控股 · Capital · Positive Yongchang Holdings, fully owned by actual controller, is a subscriber in the private placement, increasing its stake in Juheshun.

海南永昌 · Capital · Positive Hainan Yongchang, fully owned by actual controller, is a subscriber in the private placement, increasing its stake in Juheshun.

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