According to the Guohai Securities Research Report, after excluding financial cost disturbances in 2026Q2, DYNAMIC's net profit to the mother increased year-on-year, and the price of Diamond increased. 2026H1 sold 110,500 engines, supporting autonomous VK series high-power engine products in AIDC-related markets, up 221.7% year on year; Shanghai Lingzhong's 2026H1 high-power engine sales volume was YoY +53%, revenue was 730 million yuan, up 60% year on year, and net profit was 170 million yuan, up 70% year on year. The increase in net profit was higher than revenue and higher than sales volume. Hongyan 2026Q2 had an impact on the company's investment income of about -013 million yuan, and a controlled convergence is expected. Dynamic New Technology has AIDC power engine capabilities, and related businesses are expected to drive the company's rapid growth; with the new leadership, the “15th Five-Year Plan” goal has doubled, and the company is expected to further shift to a social resource strategy and optimize and improve product structure and operating efficiency. Maintain an “Overweight” rating.

According to the Guohai Securities Research Report, after excluding financial cost disturbances in 2026Q2, DYNAMIC's net profit to the mother increased year-on-year, and the price of Diamond increased. 2026H1 sold 110,500 engines, supporting autonomous VK series high-power engine products in AIDC-related markets, up 221.7% year on year; Shanghai Lingzhong's 2026H1 high-power engine sales volume was YoY +53%, revenue was 730 million yuan, up 60% year on year, and net profit was 170 million yuan, up 70% year on year. The increase in net profit was higher than revenue and higher than sales volume. Hongyan 2026Q2 had an impact on the company's investment income of about -013 million yuan, and a controlled convergence is expected. Dynamic New Technology has AIDC power engine capabilities, and related businesses are expected to drive the company's rapid growth; with the new leadership, the “15th Five-Year Plan” goal has doubled, and the company is expected to further shift to a social resource strategy and optimize and improve product structure and operating efficiency. Maintain an “Overweight” rating.