SMS Electric Co Ltd Zhengzhou

Sanhui Electric released its 2026 interim report, with net profit attributable to the parent company at negative 44.57 million yuan, a loss expansion of 28.26 million yuan compared with the same period last year. The company's total operating revenue was 103 million yuan, down 29.14 percent year on year, and net cash flow from operating activities was negative 95.65 million yuan. The latest asset-liability ratio was 51.15 percent, gross margin was 11.60 percent, return on equity was negative 9.88 percent, and diluted earnings per share was negative 0.34 yuan.

Sanhui Electric disclosed its 2026 semi-annual report. In the first half of the year, total operating revenue was 103 million yuan, down 29.14 percent year on year. Net profit attributable to the parent company was a loss of 44.5743 million yuan, compared with a loss of 16.3097 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 46.0793 million yuan, compared with a loss of 18.6158 million yuan a year earlier. Net cash flow from operating activities was negative 95.6522 million yuan, versus negative 91.6837 million yuan in the prior-year period. Basic earnings per share during the reporting period were negative 0.3412 yuan, and the weighted average return on net assets was negative 9.53 percent.

Sanhui Electric disclosed its 2026 interim report. In the first half, it achieved operating revenue of 103 million yuan, down 29.14 percent year on year, while net profit attributable to shareholders of the listed company was a loss of 44.57 million yuan, compared with a loss of 16.31 million yuan in the same period last year. The company said revenue from its energy storage business fell year on year, gross margin in the instrument and meter manufacturing business declined due to intensifying market competition, and the health and elderly care robot business is still in the expansion and cultivation stage, with heavy investment in research and development and early-stage planning pushing up overall operating costs. In addition, the company recognized share-based payment expenses corresponding to the 2024 and 2025 equity incentive plans, which also affected current profit and loss.

Sanhui Electric disclosed its earnings forecast, expecting a net loss attributable to the parent company of 30 million to 45 million yuan in the first half of 2026, compared with a loss of 16.3097 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 31.5 million to 46.5 million yuan, compared with a loss of 18.6158 million yuan a year earlier. The company said the change in performance was mainly due to a year-on-year decline in energy storage business revenue and shrinking gross margins, while the new health care robot business is still in the expansion and cultivation stage, with large investments in research and development and early-stage layout pushing up overall operating costs.