Unionman Technology Co. Ltd. A

The National Radio and Television Administration, together with the Ministry of Industry and Information Technology, has formulated technical standards for integrated TVs, embedding set-top box functions into television sets in software form. Users can switch on and off and access channel programs with one universal remote control at the press of a button. This means a hardware category that once shipped over 100 million units a year will exit the stage. As early as 2025, the National Radio and Television Administration had deployed more than 10 million plug-in mini set-top boxes and universal remote controls nationwide, as well as over 1 million integrated TV terminals. On April 22, 2026, the National Radio and Television Administration, together with the Ministry of Industry and Information Technology, China Broadnet, and the three major telecom operators, officially launched the nationwide promotion of integrated TVs. On June 15, 2026, the industry standard GY/T 428-2026 was officially released and implemented. The set-top box market had been shrinking for years before the policy took effect. According to data from Runto Technology, sales of smart boxes across all channels in China in 2025 totaled 2.406 million units, down 3.4 percent year on year. Companies along the industry chain are in divergent positions. Skyworth Digital reported operating revenue of 5.371 billion yuan in the first half of 2026, up 31.16 percent year on year, with net profit attributable to the parent company of 162 million yuan, up 202.45 percent. Unionman Technology reported operating revenue of 1.442 billion yuan in the first half of 2026, up 30.92 percent year on year, with net profit attributable to the parent company of 35.1102 million yuan, turning from loss to profit. Coship Electronics reported operating revenue of 121 million yuan in the first half of 2026, down 77.53 percent year on year, with net profit attributable to the parent company of 12.8976 million yuan, down 93.65 percent. Skyworth Digital said it will participate in bidding for integrated hardware adapters from the National Radio and Television Administration and the three major telecom operators. Unionman Technology proposed replacing traditional set-top boxes with lightweight terminals such as USB dongles and upgrading toward AI agents with on-device computing power.

Unionman Technology released its 2026 interim report, achieving a net profit attributable to the parent of 35.1102 million yuan, an increase of 158 million yuan compared with the same period last year, successfully turning losses into profits. The company's total operating revenue was 1.442 billion yuan, up 30.92 percent year-on-year. Net cash inflow from operating activities was 17.5271 million yuan, down 83.44 percent year-on-year. The company's latest gross profit margin was 21.07 percent, marking five consecutive quarters of increase, up 11.21 percentage points from the same period last year.

Guangju Energy disclosed a revised first-half earnings forecast, significantly raising its expected net profit attributable to shareholders of the listed company for the first half of 2026 from the previous range of 25.1692 million yuan to 28.1738 million yuan to a new range of 65.5596 million yuan to 68.5642 million yuan. The year-on-year growth forecast has been revised from 169.90%–202.12% to 603.02%–635.24%. The main reason for the upward revision is that the company holds a 14.42% stake in associate company Mawan Power, and at the end of the second quarter it confirmed the 2025 dividend, which increased investment income for the reporting period by 40.3904 million yuan and correspondingly increased net profit by 40.3904 million yuan. This matter arose from an earlier dividend resolution by the associate company and does not constitute non-recurring profit or loss. In other news, Yuanjie Technology plans to invest 4.268 billion yuan to build the Yuanjie Semiconductor Technology Industrial Park project. Liang Wei, the actual controller of Golden Laser, was sentenced in a final trial to three years and nine months in prison and fined 12 million yuan for market manipulation. Several companies disclosed their half-year reports: Foxconn Industrial Internet achieved a net profit of 23.74 billion yuan, up 95.99% year-on-year; Unionman Technology turned losses into profits year-on-year; and Jianxin Chemical's net profit grew 790.27% year-on-year.

Unionman Technology disclosed its earnings forecast, expecting a net profit attributable to the parent company of 31.6 million to 38.62 million yuan in the first half of 2026, compared with a loss of 123 million yuan in the same period last year, achieving a turnaround. Deducted non-recurring profit is expected to be 21.15 million to 28.17 million yuan, compared with a loss of 121 million yuan a year earlier. The company said the performance growth was mainly due to business structure optimization, a higher shipment share from core customers, and supply chain cost reduction and efficiency measures that offset cost pressures, while new business segments benefited from the rapid development of domestic AI infrastructure construction.

Unionman Technology released its earnings forecast, projecting net profit attributable to owners of the parent company for the first half of 2026 at 31.5992 million yuan to 38.6213 million yuan, swinging to profit compared with the same period last year. The company said the performance change was mainly due to business structure optimization, a higher shipment share from core customers, supply chain cost reduction and efficiency gains, and rapid development of new business segments. Among these, net profit for the second quarter is estimated at 17 million yuan to 24 million yuan, a quarter-on-quarter increase of 9% to 55% from the 15 million yuan in the first quarter.