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Hongxin Technology announced that Caitong Securities, as the company's continuous supervision and sponsor, disclosed the 2026 semi-annual continuous supervision and follow-up report. During the reporting period, the company lost its net profit from January to June 2026 due to a decrease in gross margin due to rising US tariffs and the average purchase unit price of aluminum bars, compounded by increases in financial expenses and increases in depreciation and amortization expenses due to the consolidation of projects under construction. The sponsoring agency will continue to monitor the company's business development, prompt management to pay attention to the causes of losses and urge good disclosure of information. There were no irregularities in the disclosure of company information, implementation of systems, and use of funds raised during the reporting period. All promises made by the company and shareholders were carried out normally. The original sponsor representative, Xiao Wenjun, was replaced by Xiong Wuqian as the continuous supervising sponsor representative due to job changes.
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Hongxin Technology announced that Caitong Securities, as the company's continuous supervision and sponsor, disclosed the 2026 semi-annual continuous supervision and follow-up report. During the reporting period, the company lost its net profit from January to June 2026 due to a decrease in gross margin due to rising US tariffs and the average purchase unit price of aluminum bars, compounded by increases in financial expenses and increases in depreciation and amortization expenses due to the consolidation of projects under construction. The sponsoring agency will continue to monitor the company's business development, prompt management to pay attention to the causes of losses and urge good disclosure of information. There were no irregularities in the disclosure of company information, implementation of systems, and use of funds raised during the reporting period. All promises made by the company and shareholders were carried out normally. The original sponsor representative, Xiao Wenjun, was replaced by Xiong Wuqian as the continuous supervising sponsor representative due to job changes.
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