North Industries Group Red Arrow Co Ltd

Zhongbing Hongjian released its 2026 interim report, with net profit attributable to the parent company of 37.198 million yuan, an increase of 77.9127 million yuan compared with the same period last year, turning a year-on-year loss into a profit. The company's total operating revenue was 3.03 billion yuan, up 38.15 percent year on year, achieving growth for two consecutive years. Net cash flow from operating activities was negative 558 million yuan, an increase of 635 million yuan compared with the same period last year. The company's latest asset-liability ratio was 43.34 percent, gross margin was 18.48 percent, return on equity was 0.36 percent, and diluted earnings per share was 0.03 yuan.

China North Industries Group Red Arrow released its 2026 interim report, with net profit attributable to the parent company of 37.198 million yuan, an increase of 77.9127 million yuan compared with the same period last year, achieving a turnaround from loss to profit. The company's total operating revenue was 3.03 billion yuan, up 38.15 percent year on year, marking a second consecutive year of growth. Net cash outflow from operating activities was 558 million yuan, narrowing by 635 million yuan compared with the same period last year. The company's latest asset-liability ratio was 43.34 percent, up 1.63 percentage points from the previous quarter; the latest gross margin was 18.48 percent, up 1.33 percentage points from the previous quarter.

The "XX Production Capacity Construction Project" implemented by Henan North Hongyang Electromechanical Co., Ltd., a controlled subsidiary of China North Industries Red Arrow, has completed its final acceptance and recently received approval from the relevant authorities. The project's actual investment totaled 190 million yuan, all funded by raised capital, with 190 million yuan in assets delivered for use. Upon completion, the project optimized the company's spatial layout, enhanced the machining capabilities for core components of high-end products, improved high-precision inspection capabilities, and upgraded automation and information management levels. It can effectively ensure the smooth completion of scientific research and production tasks for core components of intelligent products, and expand the company's supply capacity.

Power Diamond reported first-half 2026 revenue of 438 million yuan, up 80.94% year-on-year, with net profit attributable to shareholders of the listed company reaching 90.08 million yuan, a year-on-year surge of 247.61%. The earnings recovery was mainly driven by the cultivated diamond business defying the off-season, with large-grain diamond product revenue hitting 297 million yuan, up 141.93% year-on-year, and gross margin rising to 34.87%. The company also announced it will redirect approximately 1.028 billion yuan in unspent raised funds originally earmarked for cultivated diamond capacity expansion entirely into a diamond functional materials production and R&D project, pivoting to produce high-end products such as heat-dissipation materials and optical materials. Peer company North Industries Red Arrow expects to swing to a profit in the first half, while Huanghe Whirlwind has narrowed its losses, both citing improvement in the cultivated diamond business. However, Power Diamond's non-recurring net profit base remains low, gross margin for its diamond micropowder business fell 30.84% year-on-year, and the transition to functional materials still faces uncertainties in moving from the lab to large-scale production.