Group 1 - The stock price of Honghe Technology (603256) closed at 39.65 yuan on September 12, 2025, an increase of 8.78% from the previous week's closing price of 36.45 yuan [1] - The highest intraday price reached 41.28 yuan on September 12, while the lowest was 34.03 yuan on September 9 [1] - The total market capitalization of Honghe Technology is currently 35.453 billion yuan, ranking 3rd in the glass fiber board sector and 502nd among all A-shares [1] Group 2 - On September 11, a block trade occurred at a discount of 18.17%, with a total transaction value of 4.0106 million yuan [2][4] - The wholly-owned subsidiary of Honghe Technology, Huangshi Honghe Electronic Materials Technology Co., Ltd., received a government subsidy of 11.31 million yuan for large-scale equipment updates, which was credited on September 9, 2025 [3][4] - The subsidy will be recognized as a government grant related to assets and will be amortized over a minimum of 10 years, positively impacting future annual profits [3]

Core Viewpoint - Honghe Technology's stock price increased by 5.14% to 36.03 CNY per share, with a trading volume of 554 million CNY and a market capitalization of 31.697 billion CNY as of September 10 [1] Company Overview - Honghe Electronic Materials Technology Co., Ltd. is located in Shanghai and was established on August 13, 1998, with its listing date on July 19, 2019 [1] - The company specializes in the research, production, and sales of mid-to-high-end electronic-grade fiberglass cloth [1] Revenue Composition - The revenue composition of Honghe Technology is as follows: - Thin cloth: 37.30% - Ultra-thin cloth: 24.56% - Extremely thin cloth: 20.00% - Special cloth: 6.93% - Thick cloth: 6.54% - Yarn: 4.12% - Others: 0.55% [1] Shareholder Information - E Fund's Information Industry Mixed A Fund (001513) entered the top ten circulating shareholders of Honghe Technology in the second quarter, holding 2.6508 million shares, which is 0.3% of the circulating shares [2] - The estimated floating profit for E Fund's Information Industry Mixed A Fund today is approximately 4.6654 million CNY [2] Fund Performance - E Fund's Information Industry Mixed A Fund (001513) was established on September 27, 2016, with a latest scale of 2.771 billion CNY [2] - Year-to-date return is 70.69%, ranking 178 out of 8177 in its category; the one-year return is 126.85%, ranking 117 out of 7982; and since inception, the return is 353.7% [2]

Core Insights - On September 11, Honghe Technology executed a block trade of 123,000 shares, amounting to 4.0106 million yuan, which represented 0.41% of the total trading volume for the day [1] - The average transaction price was 32.61 yuan, reflecting a discount of 17.26% compared to the market closing price of 39.41 yuan [1] - The highest transaction price recorded was 32.96 yuan, while the lowest was 32.25 yuan [1] Trading Details - The block trade occurred on September 11, 2025, under the stock code 603256 for Honghe Technology [2] - The transaction involved two different prices: 32.96 yuan for a volume of 6,100 shares and 32.25 yuan for a volume of 6,200 shares [2] - The total transaction amount for the first price was 201.06 million yuan, while for the second price, it was 200 million yuan [2]

Core Viewpoint - Honghe Technology's stock has shown significant volatility, with a year-to-date increase of 326.59% but a recent decline of 15.77% over the past five trading days [1] Group 1: Stock Performance - As of September 5, Honghe Technology's stock price reached 35.62 CNY per share, with a market capitalization of 31.336 billion CNY [1] - The stock has experienced a trading volume of 2.32 billion CNY and a turnover rate of 0.75% [1] - Year-to-date, the stock has been on the leaderboard seven times, with the most recent appearance on August 14 [1] Group 2: Financial Performance - For the first half of 2025, Honghe Technology reported a revenue of 550 million CNY, reflecting a year-on-year growth of 35% [2] - The net profit attributable to shareholders for the same period was 87.3751 million CNY, marking a substantial increase of 10,587.74% year-on-year [2] Group 3: Shareholder and Dividend Information - Since its A-share listing, Honghe Technology has distributed a total of 336 million CNY in dividends, with 26.4754 million CNY paid out in the last three years [3] - As of June 30, 2025, the number of shareholders decreased by 3.82% to 22,800, while the average number of circulating shares per person increased by 3.98% to 38,640 shares [2][3] - New institutional shareholders include Huashang Advantage Industry Mixed A and Jinying Technology Innovation Stock A, among others [3]

Company Overview - Honghe Technology Co., Ltd. is located in Shanghai and was established on August 13, 1998, with its listing date on July 19, 2019. The company specializes in the research, production, and sales of mid-to-high-end electronic-grade fiberglass cloth [1] - The revenue composition of the company's main business includes: thin cloth 37.30%, ultra-thin cloth 24.56%, extremely thin cloth 20.00%, special cloth 6.93%, thick cloth 6.54%, yarn 4.12%, and others 0.55% [1] Stock Performance - On September 5, Honghe Technology's stock rose by 5.07%, reaching a price of 36.69 CNY per share, with a trading volume of 635 million CNY and a turnover rate of 2.02%. The total market capitalization is 32.277 billion CNY [1] Shareholder Information - Huashang Fund has a presence among the top ten circulating shareholders of Honghe Technology, with its Huashang Advantage Industry Mixed A Fund (000390) newly entering the top ten in the second quarter, holding 3.5816 million shares, accounting for 0.41% of circulating shares. The estimated floating profit today is approximately 6.3394 million CNY [2] - The Huashang Advantage Industry Mixed A Fund was established on December 11, 2013, with a latest scale of 4.055 billion CNY. Year-to-date returns are 63.66%, ranking 203 out of 8178 in its category; the one-year return is 89.08%, ranking 370 out of 7978; and since inception, the return is 1034.57% [2] Fund Manager Performance - The fund manager of Huashang Advantage Industry Mixed A Fund is Zhang Mingxin, who has been in the position for 186 days. The total asset scale of the fund is 4.24 billion CNY, with the best fund return during his tenure being 60.27% and the worst being -8.66% [3] Fund Holdings - Huashang Fund's Huashang Balanced Growth Mixed A Fund (011369) holds 447,100 shares of Honghe Technology, accounting for 3.58% of the fund's net value, making it the ninth largest holding. The estimated floating profit today is approximately 791,400 CNY [4] - The Huashang Balanced Growth Mixed A Fund was established on April 8, 2021, with a latest scale of 111 million CNY. Year-to-date returns are 76.51%, ranking 90 out of 8178 in its category; the one-year return is 117.27%, ranking 123 out of 7978; and since inception, the return is 46.57% [4] Additional Fund Manager Information - Zhang Mingxin is also the fund manager for Huashang Balanced Growth Mixed A Fund, with the same tenure of 186 days and a total asset scale of 4.24 billion CNY. The best fund return during his tenure is 60.27%, and the worst is -8.66% [5]

Group 1 - The stock price of Honghe Technology (603256) closed at 34.27 yuan on September 9, 2025, down 2.81%, with a turnover rate of 1.84%, a trading volume of 162,200 shares, and a transaction amount of 565 million yuan [1] - On September 9, 2025, the net outflow of main funds was 51.21 million yuan, accounting for 9.06% of the total transaction amount; the net outflow of speculative funds was 29.67 million yuan, accounting for 5.25%; while retail investors had a net inflow of 80.89 million yuan, accounting for 14.32% [1][3] Group 2 - Honghe Technology's wholly-owned subsidiary, Huangshi Honghe Electronic Materials Technology Co., Ltd., received a government subsidy of 11.31 million yuan from the Huangshi Economic and Technological Development Zone for large-scale equipment updates, which has already been received as of September 9, 2025 [1] - The subsidy will be recognized as a government grant related to assets, recorded as deferred income, and amortized over a minimum of 10 years, positively impacting the company's future profits [1]

Group 1 - The company announced that its wholly-owned subsidiary, Huangshi Honghe Electronic Materials Technology Co., Ltd., received a substantial government subsidy of 11.31 million RMB for long-term special national bond funding aimed at large-scale equipment upgrades [2] - The subsidy was provided by the Huangshi Economic and Technological Development Zone and the Iron Mountain District Development and Reform Bureau to encourage the subsidiary to accelerate project equipment updates and investment construction [2] - The subsidiary received this government subsidy on September 9, 2025 [2]

Group 1 - Honghe Technology announced that its wholly-owned subsidiary, Huangshi Honghe Electronic Materials Technology Co., Ltd., received a special government subsidy of RMB 11.31 million for large-scale equipment upgrades [1] - The subsidy aims to encourage the subsidiary to accelerate project equipment updates and investment construction [1] - As of the report, Honghe Technology's market capitalization is RMB 30.1 billion [1] Group 2 - For the year 2024, the revenue composition of Honghe Technology is as follows: electronic-grade glass fiber cloth accounts for 93.47%, electronic-grade glass fiber yarn accounts for 6.44%, and other businesses account for 0.1% [1]

证券代码：603256 证券简称：宏和科技 公告编号：2025-061 宏和电子材料科技股份有限公司 特此公告。 宏和电子材料科技股份有限公司 董事会 2025 年 9 月 10 日 一、获取补助的基本情况 宏和电子材料科技股份有限公司（以下简称"公司"）全资子公司黄石宏和 电子材料科技有限公司（以下简称"子公司"）收到黄石经济技术开发区·铁山 区发展和改革局拨付的大规模设备更新领域超长期特别国债资金补助人民币 1,131 万元整，子公司所在地政府为了鼓励子公司加快项目设备更新及投资建设， 按照相关资金政策给予子公司设备更新补助。子公司已于 2025 年 9 月 9 日收到 该笔政府补助。 二、补助的类型及其对上市公司的影响 公司按照《企业会计准则第 16 号-政府补助》有关规定确认上述事项，上述 政府补助款人民币 1,131 万元属于与资产相关的政府补助，将于收到时计入递延 收益，自相关资产可供使用时起，在该项资产使用寿命内平均分摊，计入其他收 益，分摊时间至少为 10 年。 本次收到的政府补助款预计对公司未来年度利润产生积极影响。上述政府补 助收入的会计处理最终仍须以会计师年度审计确认后的结果为准，敬请广 ...

Core Viewpoint - Honghe Technology (603256.SH) announced that its wholly-owned subsidiary, Huangshi Honghe Electronic Materials Technology Co., Ltd., received a government subsidy of RMB 11.31 million for large-scale equipment upgrades, aimed at accelerating project equipment updates and investment construction [1] Group 1 - The subsidiary received the subsidy from the Huangshi Economic and Technological Development Zone's Development and Reform Bureau [1] - The government provided the subsidy to encourage the subsidiary to expedite its equipment update and investment projects [1] - The subsidy was officially received on September 9, 2025 [1]