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Huicheng Co., Ltd. announced that in the first half of 2026, the company's revenue was 959 million yuan, up 10.67% year on year; net profit attributable to shareholders of listed companies was 5,012,300 yuan, down 94.78% year on year. Furthermore, the company decided to invest 400 million yuan to establish a joint venture with Bairuifa Holdings and Hong Kong Huiwei Integration to jointly establish a joint venture, Hefei Jingruiwang Electronics, holding 57.14% of the shares. The joint venture will acquire 100% of Shanghai Zheng Longxincuang's shares at zero consideration as a platform for R&D and mass production of HITS advanced packaging processes. The investment is still in its initial phase and has had no significant impact on the results for the reporting period.
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Huicheng Co., Ltd. announced that in the first half of 2026, the company's revenue was 959 million yuan, up 10.67% year on year; net profit attributable to shareholders of listed companies was 5,012,300 yuan, down 94.78% year on year. Furthermore, the company decided to invest 400 million yuan to establish a joint venture with Bairuifa Holdings and Hong Kong Huiwei Integration to jointly establish a joint venture, Hefei Jingruiwang Electronics, holding 57.14% of the shares. The joint venture will acquire 100% of Shanghai Zheng Longxincuang's shares at zero consideration as a platform for R&D and mass production of HITS advanced packaging processes. The investment is still in its initial phase and has had no significant impact on the results for the reporting period.
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