Hongban Technology's H1 2026 Net Profit Up 124.74% on Non-Recurring M&A Gains
Hongban Technology reported first-half 2026 revenue of RMB 2.094 billion, up 22.46% year on year, and net profit attributable to shareholders of RMB 539 million, up 124.74%. Basic EPS was RMB 0.78. The surge was driven by wholly owned subsidiary Ji'an Huiyang acquiring 100% of Jiangxi Zhihao (renamed Ganzhou Hongban) via auction, consolidating the target and booking related gains as non-recurring items.
Hongban Technology disclosed its semi-annual report for 2026. During the reporting period, the company achieved operating revenue of RMB 2.094 billion, up 22.46% year on year; net profit attributable to shareholders of the listed company was RMB 539 million, up 124.74%; basic earnings per share was RMB 0.78.
During the reporting period, the company's wholly owned subsidiary Ji'an Huiyang acquired 100% equity of Jiangxi Zhihao (now renamed Ganzhou Hongban) through auction and consolidated it into the reporting scope. This matter led to a significant increase in net profit attributable to the parent company in the consolidated statements, and the related gains are classified as non-recurring gains and losses.
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