According to Zhitong Finance App News, Meiyingsen (002303.SZ) announced abnormal stock trading fluctuations, saying that recently the market has paid a lot of attention to the company's overseas market business and electronic functional materials/die-cutting business. The company's overseas market revenue increased from January to June 2026, with an increase of about 15% to 20% compared to the previous year. There was no significant increase. Overseas market business revenue accounted for about 40% of the company's overall revenue [the company's 2026 semi-annual financial data is still being calculated, and the specific amount is based on the company's 2026 semi-annual report].
The company's electronic functional materials/die-cutting business mainly provides customers with products such as cushioning gaskets, shock absorbing foam, adhesive tape, protective film, dustproof mesh, conductive insulating film, thermal conductive gel, thermal conductive silicone gasket, etc. This business is mainly responsible for the company's wholly-owned subsidiary, Dongguan Meixinlong Internet of Things Technology Co., Ltd. (“Dongguan Maxilong”). Dongguan Maxilong was founded in 2010 and has been gradually developing related business since its establishment. From January to June 2026, Dongguan Meixinlong's revenue accounted for only about 5%-6% of the company's revenue. [The company's 2026 semi-annual financial data is still being calculated, and the specific amount is based on the company's 2026 semi-annual report]. Since Dongguan Maxinlon's revenue share is relatively small, the current impact on the company's performance is small.
The overseas market business and Dongguan Meixinlong business are not new businesses, and both are highly competitive market businesses. Currently, the company does not have large capital expenditure arrangements in these two areas of business. The current incremental revenue will not have a significant impact on the company's overall performance, and there is great uncertainty about whether it can continue to maintain the current growth rate in the future. Net profit for the first half year of 2026 is expected to drop by 20%-30% compared to last year. Since the semi-annual results are still being calculated, please refer to the semi-annual report for specific performance.