As the year 2026 begins, the company's order volume for semiconductor equipment has continued the robust trend seen since the second half of 2025. The semiconductor industry is currently in an upward cycle, and with the accelerated implementation of the second-phase project, customer delivery speeds are expected to increase, supporting the company's continuously growing order book," Guangli Technology's General Manager Hu Yanyan stated recently. Beyond the semiconductor sector, listed companies in several emerging industries, including energy storage, new energy vehicles, wind power, artificial intelligence, and commercial aerospace, have recently announced securing large orders, drawing significant market attention. Ye Xiaojie, Head of the Finance Department at Shanghai National Accounting Institute, commented that the substantial growth in orders for these emerging industry listed companies at the start of the year is the result of the combined effect of industry cycles, market demand, and corporate strategy. In the long term, if listed companies can translate their order advantages into momentum for R&D investment and global expansion, they can form a positive cycle from orders to capacity, and from technology to even more orders.
Shortly after the New Year's Day holiday, at the construction site of the "Semiconductor Intelligent Manufacturing Industrial Base and IoT-based Work Safety Equipment and System Construction Project (Phase II)" located in the Zhengzhou Airport Economy Zone in Henan province, workers were busy with construction. "As a modern industrial highland invested 1.8 billion yuan by Guangli Technology, integrating high-end R&D, lean manufacturing, and operations, this project is scheduled to be completed and operational by 2027. It will focus on the R&D and scaled manufacturing of core equipment for back-end semiconductor packaging and testing, as well as IoT-based work safety intelligent equipment. The new base will not only help the company continuously consolidate its leading advantage in IoT safety monitoring equipment and the back-end semiconductor packaging and testing field but will also help boost the company's ongoing order volume increase," Hu Yanyan said.
The energy storage sector has also seen a significant increase in order volume. Recently, several listed companies in the energy storage industry have publicly announced that they hold large orders, which are expected to significantly contribute to future performance growth. Taking Haixi Communications as an example, the company's investor relations activity record disclosed on the evening of January 8 shows that, based on the company's client distribution, current energy storage orders on hand mainly originate from local state-owned enterprises and high-quality private enterprise clients, a client structure that matches the company's current business expansion pace. Since November 2025, the company has successively secured multiple large energy storage orders. The finalization of these orders not only validates the market recognition of the company's energy storage integration technology but also lays a solid foundation for subsequent business expansion. Furthermore, the company has currently been shortlisted as a supplier on the preferred vendor lists of several central state-owned enterprises and is actively promoting business alignment with these clients, expecting to make positive progress in high-end markets such as grid-side and large-scale independent energy storage.
Many listed companies stated in their recently released 2025 performance forecasts that overseas orders have contributed significantly to their performance growth. Zhongtai Co., Ltd., which continues to deepen its presence in emerging fields such as electronic special gases and hydrogen energy, expects to achieve a net profit attributable to shareholders of the listed company ranging from 420 million yuan to 480 million yuan for the full year 2025, turning around from a loss of 77.9601 million yuan in the same period last year. During the reporting period, profits saw substantial growth driven by the shipment cycle of overseas orders from the company's manufacturing segment in 2025. The delivery cycles for overseas orders are relatively short for some listed companies, which is expected to positively impact future operating performance. Taking Yujing Co., Ltd. as an example, its recent voluntary disclosure announcement regarding the signing of an important routine operating contract shows that the company, as the supplier, recently entered into a tripartite contract with an overseas photovoltaic company and a domestic company. The company recently signed a procurement contract with the aforementioned domestic company amounting to $28.5968 million (approximately 202 million RMB), under which the company, as the supplier, will provide slicing machines and other automated equipment, slicing automation, and diamond wire production lines; delivery is to be completed within 6 months after contract signing.
Many companies are targeting overseas business as a key focus area for 2026. For instance, regarding development plans for 2026, Absen introduced that the company will continue to optimize its global layout, consolidate its advantages in overseas markets, while simultaneously exploring potential scenarios domestically such as education informatization, committed to transforming its technological and market advantages into sustained performance growth and bringing long-term stable returns to investors.
Ye Xiaojie pointed out that the strong order intake for listed companies at the year's start results from the interplay of industry cycles, market demand, and corporate strategy. Regarding the timing of securing orders, the key lies in "precision"; companies need to accurately capture the inflection point of industry recovery, the window of policy support, or opportunities from overseas market expansion, establishing deep partnerships with clients through technical consensus rather than relying solely on price competition. Especially in the high-end manufacturing sector, early deployment of customized, integrated solutions that align with industry trends can not only lock in long-term cooperation but also build competitive barriers. This approach to order acquisition, based on value co-creation, is far more sustainable than short-term volume pushing.
From the perspective of the impact on listed companies' performance, Ye Xiaojie stated that the value of strong order intake needs to be viewed dialectically. While it can quickly improve cash flow and boost market confidence in the short term, laying the foundation for annual operations, the quality of performance realization depends on the company's fulfillment capability and cost control水平. Project-based orders with low margins and long cycles may carry settlement risks and could potentially dilute profitability. In the long run, the core value of high-quality orders lies in driving technological iteration and capacity optimization. If companies can transform order advantages into momentum for R&D investment and global layout, they can establish a virtuous cycle from orders to capacity, and from technology to more orders.
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