Shenzhen Sed Industry Co Ltd

Energy Transition & Power Demand

Shenzhen SED Industry First-Half Report: Overseas Business Doubles, Losses Widen

Shenzhen SED Industry released its 2026 interim report on August 26. Operating revenue for the reporting period reached 24.263 billion yuan, up 3.54 percent year on year, but net profit attributable to the parent company showed a loss of 208 million yuan, with the loss widening 113.77 percent year on year, reflecting higher revenue without higher profit. Revenue from the company's high-tech industry services segment was 23.64 billion yuan, accounting for 97.43 percent of total revenue. Within this, cleanroom turnkey solutions revenue was approximately 20.775 billion yuan, and newly signed contract value was approximately 28.8 billion yuan, up about 26 percent year on year. Digital and information services revenue was 623 million yuan, up 17.69 percent year on year, with gross margin rising to 33.67 percent. Overseas revenue was 2.233 billion yuan, surging 140.41 percent year on year, mainly driven by the completion of overseas data center and high-tech factory projects in Thailand, Vietnam and other markets. The main reason for the widening loss was a 1.81 percentage point decline in gross margin in the high-tech industry services segment to 6.87 percent, while the digital business remained too small to offset the impact. Net operating cash flow was an outflow of 1.503 billion yuan, but improved by approximately 2.955 billion yuan compared with the same period last year.

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Energy Transition & Power Demand Cloud & Digital Infrastructure

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Shenzhen Sed Industry posts net loss of 208 million yuan in interim report, loss widens year-on-year

Shenzhen Sed Industry released its 2026 interim report, showing total operating revenue of 24.263 billion yuan, up 3.54% year-on-year, but net profit attributable to the parent company was negative 208 million yuan, a decrease of 111 million yuan compared with the same period last year, with the loss widening. Net cash flow from operating activities was negative 1.503 billion yuan, an increase of 2.955 billion yuan year-on-year. The company's asset-liability ratio was 82.18%, gross margin was 7.56%, return on equity was negative 2.88%, and diluted earnings per share was negative 0.17 yuan. The number of shareholders was 61,100, and the top ten shareholders held 47.69% of the total share capital.

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Shenzhen SED Industry adds 185 new lawsuits with total claims of 949 million yuan, first-half loss expected to widen

Shenzhen SED Industry has added 185 new litigation and arbitration cases since the last litigation announcement, with total claims amounting to 949 million yuan, exceeding 10% of the company's most recent audited net assets. Among these, there are 25 cases where the company is the plaintiff, involving claims of 777 million yuan, and 160 cases where it is the defendant, involving claims of 172 million yuan, mainly disputes over construction contracts. The company also released its half-year performance forecast, expecting a net loss attributable to the parent company of between 193 million and 243 million yuan for the first half of 2026, a significant widening from the loss of 97.4891 million yuan in the same period last year. The company explained that its cleanroom services business was affected by intense competition in the domestic market, leading to a year-on-year decline in overall gross margin, while this business accounted for over 80% of revenue in 2025. In addition, its subsidiary China Electronics System Engineering No. 2 Construction Co., Ltd. paid 109 million yuan in supplementary corporate income tax and 12.9177 million yuan in late payment surcharges in June 2026, which is expected to reduce the company's net profit attributable to the parent by approximately 61.9534 million yuan for 2026.

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