Hubei Dinglong Chemical

Dinglong Shares released its 2026 interim report, with total operating revenue of 1.925 billion yuan, net profit attributable to the parent company of 529 million yuan, and net cash inflow from operating activities of 567 million yuan. The company's latest asset-liability ratio is 38.82%, gross margin is 58.83%, ROE is 9.39%, and diluted earnings per share is 0.56 yuan. Total asset turnover is 0.21 times, down 3.75% year-on-year; inventory turnover is 1.25 times, down 19.05% year-on-year. The number of shareholders is 142,600, and the top ten shareholders hold 40.24% of the total share capital.

Dinglong Shares released its 2026 half-year report. First-half net profit attributable to the parent was 529 million yuan, up 70.2% year on year. Operating revenue was 1.92 billion yuan, up 11.2% year on year. Net profit attributable to the parent after deducting non-recurring items was 485 million yuan, up 65.0% year on year. Net operating cash flow was 567 million yuan, up 29.3% year on year. Second-quarter net profit attributable to the parent was 278 million yuan, up 63.8% year on year. The company made significant progress in semiconductor materials and new energy materials. Sales revenue from CMP polishing materials grew notably. Multiple high-end wafer photoresist products achieved batch delivery. Through the acquisition of Haofei New Materials, the company entered the lithium battery materials market.

Dinglong Shares released its 2026 semi-annual report, achieving operating revenue of 1.925 billion yuan, up 11.15% year on year; net profit attributable to shareholders of the listed company was 529 million yuan, up 70.21% year on year. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital. Second-quarter net profit was 278 million yuan, up 10% quarter on quarter.

Mid-year earnings previews from AI supply chain companies continue to roll out. A-share memory leader GigaDevice expects first-half net profit attributable to the parent of approximately 6.9 billion yuan, a year-on-year increase of about 1,099 percent, exceeding full-year forecasts from multiple brokerages. The company said the memory chip industry is experiencing tight supply, with both volume and prices rising, while microcontroller shipments also achieved solid growth. Additionally, fair value gains from securities investments increased significantly. Foxconn Industrial Internet expects first-half net profit attributable to the parent of 23.4 billion to 24.4 billion yuan, up 93 to 101 percent year-on-year, marking the first time half-year net profit has exceeded 20 billion yuan. AI server revenue surged over 230 percent year-on-year. Meanwhile, niche leaders such as Han's CNC, Dinglong, and Allwinner Technology also issued positive previews. However, Feilong Auto's liquid cooling business still accounts for a low share of revenue, and Suzhou Keda's new AI business remains in the investment phase, weighing on performance.

On July 9, the electronic chemicals sector rose 2.03 percent intraday. Shanghai Xinyang gained 9.22 percent, Ruilian New Materials rose 5.80 percent, Xingfu Electronics added 5.76 percent, Lite-On Optoelectronics climbed 5.61 percent, and Dinglong Shares advanced 3.74 percent. A research note from Everbright Securities noted that domestic fluorochemical companies are accelerating their deployment of new fluorinated materials. Electronic-grade hydrofluoric acid has broken through bottlenecks in ultra-clean, high-purity processes and passed certification at leading wafer foundries, entering a phase of large-scale volume production. At the same time, AI and high-performance computing are driving demand for liquid cooling, with high-performance fluorinated coolants such as perfluoropolyether occupying an irreplaceable position in immersion cooling. A report from China Merchants Securities pointed out that the electronic chemicals industry is benefiting from downstream demand recovery and accelerated domestic substitution. Demand for AI chips and high-bandwidth memory is driving wafer fabrication capacity release, pushing up consumption of wet electronic chemicals, and the market size is expected to expand non-linearly. A research note from TF Securities noted that the electronic chemicals industry will embrace dual opportunities of demand recovery and domestic innovation in 2026. China's market share of wet chemicals for integrated circuits remains far below the global level, leaving significant room for improvement in domestic substitution rates. Leading enterprises with high-end capacity and core purification technologies will continue to benefit.