Shenzhen Senior Technology Material Co Ltd

Senior Technology released its 2026 semi-annual report, achieving operating revenue of 2.652 billion yuan, up 39.72% year on year; net profit attributable to shareholders of the listed company was 204 million yuan, up 103.08% year on year. Among this, second-quarter net profit was 175 million yuan, up 496% quarter on quarter.

Senior Technology Material released its 2026 interim report. First-half net profit attributable to the parent was 204 million yuan, up 103.1% year on year. Operating revenue was 2.65 billion yuan, up 39.7% year on year. Net profit attributable to the parent after deducting non-recurring items was 173 million yuan, up 297.0% year on year. Net operating cash flow was 391 million yuan, down 27.1% year on year. Earnings per share were 0.1364 yuan. In the second quarter, operating revenue was 1.57 billion yuan, up 55.8% year on year. Net profit attributable to the parent was 175 million yuan, up 225.1% year on year. Net profit attributable to the parent after deducting non-recurring items was 151 million yuan, up 1,527.3% year on year. As of the end of the second quarter, total assets were 27.333 billion yuan, up 10.6% from the end of the previous year. Net assets attributable to the parent were 10.891 billion yuan, up 10.4% from the end of the previous year. The company mainly produces lithium-ion battery separators, with products used in new energy vehicles and energy storage stations. It has achieved mass production of new products such as nanofiber composite separators and plans to expand overseas markets, including building a production base in Malaysia.

Senior Energy Material announced that the company plans to acquire a 73.4806% stake in Bangci Electronics for a total of 242 million yuan in cash. After the transaction is completed, Bangci Electronics will become a controlling subsidiary of the company. Bangci Electronics mainly produces multilayer piezoelectric ceramic stacks and single-layer piezoelectric ceramic sheets, which are used in semiconductor equipment, satellite laser communications and other fields. This transaction is a strategic move by the company in the new materials sector, broadening its product boundaries.

The August 14 Shanghai Securities Morning Brief focuses on a range of company updates and industry information. Xietong Data released its 2026 half-year performance flash report, achieving total operating revenue of 12.641 billion yuan, up 155.69% year on year, and net profit attributable to shareholders of the listed company of 1.863 billion yuan, up 331.11% year on year. Honghe Technology achieved operating revenue of 1.048 billion yuan, up 90.39% year on year, and net profit of 379 million yuan, up 334.32% year on year. G-bits achieved operating revenue of 3.727 billion yuan, up 48.01% year on year, and net profit attributable to the parent company of 1.092 billion yuan, up 69.31% year on year, and plans to distribute a cash dividend of 100 yuan for every 10 shares to all shareholders. Shanghai Jahwa's wholly owned overseas subsidiary received US tariff refunds and interest of 4.6636 million US dollars, equivalent to approximately 32.322 million yuan, accounting for 12.08% of the company's most recent audited net profit. Rongjie Health's controlled subsidiary received US tariff refunds of 7.252 million US dollars, which is expected to affect the company's net profit attributable to the parent company by 17.9599 million yuan, accounting for 24% of the company's most recent audited net profit. In addition, Senior Technology Material plans to acquire 73.4806% equity in Bangci Electronics for 242 million yuan in cash, and Jifeng Auto Parts' controlled subsidiary has been designated for a passenger car seat assembly project by a major original equipment manufacturer, with an expected total lifecycle value of 2.12 billion yuan.

Senior Material stated during a reception for institutional research that after the separator industry bottomed out at the end of 2025, the company initiated phased price adjustments with core customers based on changes in supply and demand. In the first half of 2026, mainstream wet-process base film prices have clearly recovered compared to the end of last year. Given the restocking pace of downstream battery cell companies and the current supply-demand gap, there is a basis for a new round of price adjustments in the market. In addition, the company distinguishes between domestic and overseas pricing systems, with overseas market pricing significantly higher than the domestic market.

Since the beginning of this year, multiple listed companies have joined hands with financial institutions and local state capital to intensively set up energy storage industry funds. Sungrow Power Supply's holding subsidiary Sungrow Renewables, together with Huatai Baoli and Huatai Asset Management, jointly established the Suzhou Huaxu Fund with a total committed capital of 1 billion yuan, of which Sungrow Renewables committed 199 million yuan. The fund will invest in wind power, centralized photovoltaic, and energy storage projects, requiring a single investment installed capacity of over 200 megawatts and an overall capital internal rate of return of no less than 8 percent. Senior Energy Materials participated in setting up the Shenzhen Yuanzhi Xingyuan Venture Capital Fund, planned at 500 million yuan, with Senior Energy Materials committing 151 million yuan, mainly investing in key projects such as headquarters research and development and production manufacturing across the entire new energy storage industry chain. Kaibo Capital, together with CALB, Shengtun Group, Nuode New Materials, Hymson Laser, and Guoxia Technology, initiated the Kaibo Co-creation Fund with a total scale of 5 billion yuan and an initial registered scale of 1.6 billion yuan, covering the entire industry chain of resources, materials, equipment, battery cells, and application scenarios. State capital is also accelerating its entry. Tagen Group, together with Shenzhen Capital Group and Sunwoda, jointly launched the Yuanzhi Jianxin Energy Storage Asset Private Equity Fund with a total scale of 500 million yuan, focusing on electrochemical energy storage stations and integrated solar-storage-charging stations. Corun participated in setting up an energy storage fund with a target scale of 2 billion yuan, with partners including enterprises with state capital backgrounds from the Tianjin Binhai New Area. Mo Ke, founder of Zhenli Research, stated that this model, by combining the industrial resources of listed companies with the power of capital, provides projects with clearer industrial synergy and exit pathways, and has become a common industrial investment approach in the new energy sector.