SBT Ultrasonic Technology Co. Ltd. A

Jiaocheng Ultrasonic disclosed its 2026 interim report on the evening of August 28. First-half operating revenue rose 38.24% year on year, and net profit attributable to the parent rose 77.38% year on year, with operating scale and profitability both achieving rapid growth. Specifically, the company posted first-half operating revenue of 446 million yuan, net profit attributable to the parent of 103 million yuan, and net profit attributable to the parent after deducting non-recurring items of 77.933 million yuan, up 68.42% year on year. Profit growth was significantly faster than revenue growth, and the overall gross margin remained high. As a leading domestic ultrasonic technology platform company, its business covers new energy batteries, wire harness connectors, semiconductors, non-metals and other fields, and continues to extend into advanced semiconductor packaging, aerospace, medical and other high-precision scenarios. First-half research and development expenses were 86 million yuan, up 13.71% year on year. As of June 30, 2026, the company had obtained 374 valid authorized patents and 70 software copyrights. Contract liabilities at the end of the reporting period reached 173 million yuan, a sharp increase of 145% from the beginning of the period, indicating ample order backlog. At the same time, the company is steadily advancing its private placement to raise funds, with a focus on projects such as the research and development and industrialization of advanced ultrasonic equipment for semiconductors. Overall, the company's multi-track coordinated development pattern has taken shape, its new energy foundation remains solid, and its semiconductor business has entered a stage of rapid volume growth.

The review status of Jiaocheng Ultrasonic's non-public share issuance application has been changed to approved. The company plans to issue shares to specific investors, with the proposed number of shares not exceeding 34.72 million, and expected to raise 1.344 billion yuan. The sponsor for this issuance is Guotai Haitong Securities.

The Ministry of Commerce has decided to add the US firm Compliance Testing LLC to its countermeasures list, prohibiting organisations and individuals within China from engaging in transactions, cooperation, or other activities with it. At the same time, it announced tighter export controls on dual-use items related to drones destined for the United States, with strict case-by-case reviews and no leniency in applying licensing facilitation. Huawei Executive Director Richard Yu said at a press conference that memory prices have risen sharply, and all smartphones may have to undergo significant price hikes going forward. On the STAR Market, BeiGene reported a 627 percent year-on-year jump in first-half net profit to 3.271 billion yuan and raised its full-year revenue guidance to between 44.9 billion and 46.2 billion yuan. Jiaocheng Ultrasonic received a formal order from a leading domestic memory manufacturer for its advanced ultrasonic scanning microscope. Lingdian Electric Control plans to invest 600 million yuan to build a new energy electronic control industrial park expansion project. Kaiweit intends to acquire 100 percent equity in Jingyi Semiconductor for 1.65 billion yuan. The preliminary inquiry for Unitree Technology's STAR Market IPO will take place on August 5, with the market estimating a valuation exceeding 40 billion yuan. The online roadshow is scheduled for August 7.