Hangdian Shares Forecasts 1H 2026 Net Profit of 360-400 Million Yuan; Stock Hits Limit-Down

Hangdian Shares (603618.SH) forecast unaudited net profit attributable to shareholders of about 360 million yuan to 400 million yuan for the first half of 2026, up 852.03% to 957.82% year-on-year, driven by a rebound in its fiber-optic cable business, according to Jiemian News. The company also projected non-recurring-item-adjusted net profit of 355 million yuan to 395 million yuan, up 1,087.67% to 1,221.49%.

Despite the earnings surge, the stock hit the daily limit-down on July 6, closing at 44.1 yuan per share, and again fell limit-down on July 7. Hangdian reported net profit of 80.8419 million yuan in the first quarter of 2026; based on its half-year guidance, second-quarter net profit was estimated at 279 million yuan to 319 million yuan, up 245% to 294% quarter-on-quarter.

In 2025, Hangdian posted revenue of 9.451 billion yuan, up 6.78%, but recorded a net loss attributable to shareholders of 299 million yuan, partly due to a 264 million yuan fixed-asset impairment at a wholly owned second-tier subsidiary and high fixed costs in its copper-foil business. The company told Jiemian News its optical communications segment is running at full capacity and products are “basically sold as soon as they are produced,” with customers including China’s three major telecom operators.

The report also noted insider and shareholder selling: the company’s second-largest shareholder Fuchunjiang Communication Group sold 3.06 million shares via block trades on April 22 and 1.53 million shares via the open market on April 23, for total proceeds of 124 million yuan, and announced in May a plan to sell up to 20.7413 million shares within three months. On July 6, a Guotai Haitong Securities Shanghai Pilot Free Trade Zone Second Branch seat sold 1.083 billion yuan worth of shares, accounting for 24.34% of the day’s turnover.