HON-Flex(SZ:300657) Xin Lang Cai Jing·2025-08-29 09:04Core Insights - The strategic cooperation agreement between Hongxin Electronics and the Xiamen branch of the National Development Bank aims to enhance the digital economy and new productivity in Xiamen, with a cooperation intention of 10 billion yuan [1][3] - Hongxin Electronics is focusing on AI computing power and has transitioned from a small enterprise to a leading player in the flexible electronics industry and the third-party computing power market in China [1][2] Group 1: Strategic Cooperation - The partnership will concentrate on supporting the high-quality development of the real economy, aligning with national strategies and key sectors [1][3] - Hongxin Electronics plans to establish a high-level research center in Haicang, collaborating with leading chip companies and other top enterprises to create an innovation platform [1][2] Group 2: Financial Performance - In the first half of 2025, Hongxin Electronics reported revenue of approximately 3.494 billion yuan, a year-on-year increase of 15.01%, and a net profit of about 53.99 million yuan, up 9.85% [2] - The company achieved a significant turnaround in its flexible electronics business, with a non-recurring net profit growth of 705.74% [2] Group 3: Industry Development - The establishment of "Cloud Innovation Valley" aims to attract over 10 AI-listed companies, creating a collaborative ecosystem for the AI industry in Xiamen [3] - The partnership with the National Development Bank will provide comprehensive financial support to enhance Hongxin Electronics' capabilities in flexible electronics and computing power [3][4]