According to Zhitong Finance App News, Xinrui Shares (688257.SH) released a performance forecast for the first three quarters of 2026. It is estimated that net profit attributable to owners of the parent company will be 690 million yuan to 750 million yuan in the first three quarters of 2026. Compared with the same period last year, it will increase 525 million yuan to 585 million yuan, an increase of 318% to 355% over the previous year.
During the reporting period, the company achieved significant growth in business performance, mainly driven by the following factors: 1. Facing rising prices of core raw materials such as tungsten concentrate and tungsten carbide, the company relied on the vertical integration advantage of “materials+tools” to lock in procurement costs in a forward-looking manner with strategic reserves, and rapidly raised sales prices for all hard alloy and tool products; the relative cost locking and price transmission mechanism was smooth, driving the gross profit space per product unit significantly broadened and the overall gross margin increased year-on-year.
2. The company focuses on the “materials+tools” integrated strategy and works collaboratively in multiple dimensions such as R&D innovation, product upgrading, market development, governance optimization, and operational efficiency improvement. The R&D side increased investment to attack rock drilling tools and cutting tool processes such as CNC blades, hardening, and metal-ceramic tools, and further consolidated the core technical barriers; the product side deepened the binding of high-end products and gross margin; the market side deepened leading customer binding, domestic and foreign collaborative expansion, and accelerated channel integration; the governance side improved internal control and risk management; and the operation side promoted cost reduction and lean production and digital transformation of raw materials.
3. Successive mergers and acquisitions are consolidated to contribute to revenue and profit growth. During the reporting period, Chongqing Fubang Tool Manufacturing Co., Ltd. was included in the scope of the merger since February 2026. The company used this to enter the high-end gear tool market and made an incremental contribution to revenue and profit during the reporting period; Xinxiang Huilian Electronic Technology Co., Ltd. was included in the scope of the merger in August 2026, and its operating results for August/September were included during the reporting period.