Sanyou Corporation Limited

Sanyou Union announced plans to issue convertible corporate bonds to the public for the first time, raising total proceeds of no more than 660 million yuan. Each bond has a par value of 100 yuan, a term of six years, and pays interest once a year, with existing A-share shareholders entitled to priority subscription. The proceeds will be used for four projects: expansion and industrialization of signal relays, expansion of relays for photovoltaic energy storage and computing power, construction of a Vietnam production base, and expansion of magnetic latching relays, as well as 160 million yuan to supplement working capital. Among these, the Vietnam production base project has a total investment of nearly 231 million yuan, with 100 million yuan of the raised funds planned for it. On the same day, the company also announced plans to increase investment in its wholly owned overseas subsidiary Sanyou Electric Vietnam Company Limited using its own funds, self-raised funds, and proceeds from the convertible bonds, raising the investment amount from 80 million yuan to no more than 320 million yuan or the equivalent in foreign currency.

Sanyou Lianzhong released its 2026 interim report on August 25, 2026. The company's total operating revenue was 1.375 billion yuan, and net profit attributable to the parent was 82.4443 million yuan. Net cash inflow from operating activities was 41.6697 million yuan, down 25.77% from the same period last year. The company's latest asset-liability ratio was 51.68%, gross margin was 21.15%, ROE was 4.62%, and diluted earnings per share was 0.18 yuan.

Sanyou Lianzhong disclosed its 2026 semi-annual report. In the first half, net profit attributable to shareholders of the listed company reached 82.4443 million yuan, up 92.24% year-on-year. The company achieved operating revenue of 1.375 billion yuan, up 19.29% year-on-year. Net profit after deducting non-recurring gains and losses was 83.7343 million yuan, up 95.01% year-on-year. Basic earnings per share were 0.18 yuan, up 100% year-on-year. Second-quarter net profit attributable to the parent was 67.34 million yuan, up 107.60% year-on-year, with a clearly accelerating pace of earnings release. The company's main business is the research, development, production and sales of relays and transformers. In the first half, gross margin was 21.15%, up 2.83 percentage points year-on-year, and net margin was 6.08%, up 2.25 percentage points year-on-year.

Sanyou Lianzhong announced that as of July 31, the company had cumulatively repurchased 4,738,400 shares through centralized competitive trading, accounting for 1.05773 percent of the current total share capital, with a total transaction amount of 39,973,997.13 yuan. The highest transaction price for this repurchase was 9.20 yuan per share, and the lowest was 7.99 yuan per share. According to the previous plan, the repurchase price ceiling is 14.57 yuan per share, and the implementation period is within 12 months from the date of board approval. The company stated that it will continue to implement the repurchase plan based on market conditions.