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.
Nantong Square Cold Chain Equipment Co LtdH1 2026 revenue rose 12.05% to 965 million yuan and net profit up 24.48%, with cold chain revenue up 32.88%.
