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Fujian Longma Envi Sanitation

FULONGMA GROUP Co.,Ltd. manufactures and sells sanitation equipment under the FULONGMA brand in China and internationally, operating through the Environmental And Ecological Industry Operation, Smart Equipment, and Others segments. Its product range includes compression refuse collectors, garbage trucks, refuse compactors, waste crushing trucks, kitchen garbage trucks, sprinklers, sweeper trucks, sewer cleaning vehicles, and dust suppression trucks, as well as water treatment and kitchen waste disposal equipment. The company was formerly known as Fujian Longma Environmental Sanitation Equipment Co., Ltd. and changed its name to FULONGMA GROUP Co.,Ltd. in December 2021. Founded in 1970, it is headquartered in Longyan, China.

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Robotics & Physical AI▲

China Nerin Signs Nearly $500 Million Contract for Zambia Copper Tailings Leach Plant Project

China Nerin signed a contract with KONKOLA COPPER MINES PLC for a new 70,000-tonne-per-year copper tailings leach plant project in Zambia, with a contract value of approximately $498 million, equivalent to about 3.378 billion yuan. The project uses a hydrometallurgical leaching process to recover valuable metals from existing copper tailings, with China Nerin responsible for design, procurement, construction and installation, commissioning, and technical support services. On the same day, the controlling shareholder of Fujian Expressway plans to increase its shareholding by no less than 130 million yuan and no more than 230 million yuan, with the increase not exceeding 2% of total share capital. Fulongma signed a sanitation autonomous driving technology development contract with Huawei Cloud Computing, with a total contract value of 200 million yuan and a term of three years, under which Huawei Cloud Computing will exclusively develop and deploy the Fulongma sanitation autonomous driving system for the company. Xianghe Industrial signed a railway fastener system component purchase and sale contract with Zhongyuan Lida Railway Track Technology Development Co., Ltd., with a total contract value of 178 million yuan, accounting for approximately 21.32% of the company's audited 2025 revenue.
About megatrends
Robotics & Physical AI › Autonomous Trucking & Delivery ▲Technology
Critical Materials & Supply Chain › Copper ▲Supply
中国瑞林工程技术股份有限公司 · Demand · Positive Signed a ~$498 million contract with Konkola Copper Mines for a Zambia copper tailings leach plant project.
603500.CG · Demand · Positive Signed a 178 million yuan railway fastener component supply contract, about 21.32% of 2025 revenue.
603686.CG · Demand · Positive Signed a 200 million yuan sanitation autonomous driving technology development contract with Huawei Cloud.
600033.CG · Capital · Positive Controlling shareholder plans to increase its stake by 130-230 million yuan, a buyback-style capital event.
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Robotics & Physical AI▲

Fulongma to invest 200 million yuan in exclusive tie-up with Huawei Cloud for autonomous sanitation driving

After market close on September 17, Fulongma announced plans to sign a contract related to autonomous sanitation driving technology development and to cooperate with Huawei Cloud Computing Technologies on developing autonomous sanitation driving technology. The cooperation is an exclusive strategic partnership between the two sides in the field of intelligent sanitation, with a total contract value of 200 million yuan including tax. According to the announcement, the two sides have planned agreed three-ton and six-ton vehicle platforms, sweeping and washing business scenarios, and other elements. Huawei Cloud will conduct technical research on vehicle intelligent upgrades, drive-by-wire optimization, and cloud adaptation, and will exclusively develop and deploy the Fulongma Sanitation Autonomous Driving System for Fulongma, including cloud-based, vehicle-side software, and vehicle-side intelligent hardware solutions. Huawei Cloud will lead the adaptation and verification of autonomous driving algorithm software for three vehicle platforms in sweeping and washing scenarios. This is not the first time the two sides have joined forces. On December 11, 2025, Fulongma and Huawei signed a framework cooperation agreement, and on September 12 the two sides further signed a strategic cooperation agreement on embodied intelligence in the sanitation robot field. In the first half of 2026, Fulongma achieved revenue of 2.608 billion yuan, up 7.63 percent year on year, and net profit attributable to the parent company of 101 million yuan, up 7.27 percent year on year. Sanitation equipment business revenue was 808 million yuan, up 61.15 percent year on year, and sales of new energy sanitation equipment reached 938 units, up 81.43 percent year on year, accounting for 38.70 percent of total sales.
About megatrends
Robotics & Physical AI › Autonomous Trucking & Delivery Technology
Smart City / Autonomous Infrastructure › Connected Fleet & Telematics Technology
Robotics & Physical AI › Robotics AI & Embodiment Software Technology
603686.CG · Demand · Positive Fulongma signs a 200 million yuan exclusive contract with Huawei Cloud to develop and deploy its autonomous sanitation driving system, a concrete product/order development.
Huawei Cloud · Demand · Positive Huawei Cloud wins an exclusive strategic partnership to develop and deploy Fulongma's sanitation autonomous driving system, adding a named customer deal.
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Kuang-Chi Technologies subsidiary signs 907 million yuan supermaterials product order

Kuang-Chi Technologies' wholly owned subsidiary Kuang-Chi Advanced Technology will deliver supermaterials structural products worth a total of 907 million yuan to three customers. That evening, several listed companies disclosed major contracts and capital operations: Zhejiang Construction Investment Group's subsidiary won a public housing development project bid of about 1.5 billion Hong Kong dollars, Xianghe Industrial signed a 178 million yuan railway fastener system components sales contract, Fulongma signed a 200 million yuan sanitation autonomous driving technology development contract with Huawei Cloud Computing, and Aidea Pharmaceutical plans a private placement to raise no more than 945 million yuan for the global clinical development of a novel HIV integrase inhibitor and other projects. Hengrui Pharmaceuticals repurchased 335,000 A-shares for the first time that day, paying 14.5036 million yuan. Longshen Rongfa's controlling subsidiary's marketing application for brexpiprazole oral dissolving film was not approved. In that day's Dragon-Tiger List, MetaX, one of the leading domestic GPU companies, saw the largest net institutional selling of 2.142 billion yuan, while its share price rose more than 14 percent; Ruifeng Advanced Materials saw the largest net institutional buying of 212 million yuan.
002625.CS · Demand · Positive Kuang-Chi Technologies' wholly owned subsidiary will deliver supermaterials structural products worth 907 million yuan to three customers.
002761.CS · Demand · Positive Subsidiary won a public housing development project bid worth about HK$1.5 billion.
300534.CS · Regulation · Negative Marketing application for brexpiprazole oral dissolving film was not approved.
603500.CG · Demand · Positive Xianghe Industrial signed a 178 million yuan railway fastener system components sales contract.
603686.CG · Demand · Positive Fulongma signed a 200 million yuan sanitation autonomous driving technology development contract with Huawei Cloud Computing.
688488.CG · Capital · Positive Aidea Pharmaceutical plans a private placement to raise no more than 945 million yuan for global clinical development of a novel HIV integrase inhibitor and other projects.
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Fulongma Releases 2026 Interim Report, Net Profit of 101 Million Yuan

Fulongma released its 2026 interim report on August 29, 2026. During the reporting period, the company achieved total operating revenue of 2.608 billion yuan, net profit attributable to the parent company of 101 million yuan, and net cash inflow from operating activities of 74.7438 million yuan. The company's latest asset-liability ratio was 47.52 percent, an increase of 1.32 percentage points from the previous quarter and an increase of 4.76 percentage points from the same period last year. Gross margin was 24.26 percent, ranking 63rd among peer companies that have disclosed data, a decrease of 2.02 percentage points from the previous quarter. Return on equity was 2.88 percent, and diluted earnings per share was 0.24 yuan. Total asset turnover remained flat compared with the same period last year, and inventory turnover was 6.56 times, a decrease of 0.20 times from the same period last year. The number of shareholders was 87,000, and the top ten shareholders held 112 million shares, accounting for 27.00 percent of total share capital.
603686.CG · Capital · Neutral Interim report shows net profit of 101 million yuan, but no comparison to expectations or prior period, making impact unclear.
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Fulongma Decides to Terminate 2026 Private Placement

Fulongma announced the termination of its 2026 private placement of shares. The company stated that since the issuance plan was disclosed, the board of directors and management have actively advanced related work, but after considering factors such as the current market environment, the company's actual situation, and development plans, and following thorough communication and prudent deliberation with all parties, this decision was made. Currently, the company's various business activities are proceeding normally, and the termination of this issuance will not have a material adverse impact on normal business operations.
603686.CG · Capital · Neutral Termination of private placement, but stated no material adverse impact on operations.
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