According to the Zhitong Finance App, Honchuan Intelligence (300964.SZ) released a performance forecast for the first three quarters of 2026. Net profit attributable to shareholders of listed companies for the first three quarters is expected to be 96 million yuan to 144 million yuan, an increase of 190.24% to 335.36% over the previous year. Key drivers include the following:
1. Deeply cultivate leading core customers and establish a basic market for orders and profits. The company continues to deepen its big customer strategy, deeply bind high-quality customers in the industry, establish long-term and stable cooperation with many leading manufacturers, and consolidate the order base through the signing of strategic cooperation and other agreements. Faced with fluctuations in the prices of upstream raw materials such as copper-clad plates, the company relies on stable customer relationships and large-scale procurement and bargaining power to carry out product price adjustments in an orderly manner, effectively stabilizing product profit margins and ensuring the resilience of profitability.
2. Production capacity is fully released, scale effects are prominent, and operating efficiency is continuously optimized. With the steady rise in production capacity at the Lishui production base in Nanjing and the smooth commissioning and continuous expansion of the Zhuhai Shuohong Phase I production line, the company's overall delivery capacity and capacity utilization rate have increased significantly, and the scale effect is gradually showing. Relying on the collaborative layout of production bases and the advantages of large-scale production, the company has achieved significant improvements in production and operation efficiency, unit manufacturing cost control, and overall profitability.
3. Both product and customer structures have been optimized, and the proportion of high value-added categories has steadily increased. The company actively optimizes the customer structure, gradually clears low-profit and low-efficiency orders, and concentrates resources to cultivate high-credit, high-value, high-quality customers. At the same time, the revenue share of the company's high-end high-value-added PCB products such as high-multilayer boards, high-grade HDI, embedded components, and copper-embedded copper has steadily increased, laying a solid foundation for the company's product structure to transition to high-end and continued growth in performance.
4. Refine supply chain management and control to improve the ability to withstand fluctuations and ensure delivery. The company implements advanced and refined procurement control, establishes long-term stable cooperation with upstream core suppliers, plans procurement schedules in advance, rationally plans inventory, optimizes material turnover and allocation, and ensures stable supply of raw materials such as copper-clad plates through multiple channels. By improving the flexibility and responsiveness of the supply chain, effectively hedging the impact of fluctuations in raw material prices and changes in supply and demand, ensuring orderly production delivery, and further stabilizing the company's profit resilience.