Hefei Snowky Elec Co Ltd

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Xueqi Electric's 2026 interim net profit falls 68.49%

Xueqi Electric released its 2026 interim report, with total operating revenue of 1.263 billion yuan and net profit attributable to the parent company of 11.0283 million yuan, down 68.49% from the same period last year. Net cash inflow from operating activities was 44.6616 million yuan, down 66.12% year-on-year. The company's asset-liability ratio was 50.40%, gross margin was 11.89%, ROE was 0.85%, and diluted earnings per share was 0.06 yuan. The number of shareholders was 13,900, and the top ten shareholders held 55.73% of the total share capital.

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Jiemian·24dRead more →

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Xueqi Electric expects first-half 2026 net profit to fall 62.85%–71.42% year-on-year

Xueqi Electric disclosed a profit forecast, expecting attributable net profit for the first half of 2026 to be between 10 million yuan and 13 million yuan, a year-on-year decline of 62.85% to 71.42%. Deducted non-recurring net profit is expected to be between 7 million yuan and 10 million yuan, a year-on-year decline of 69.96% to 78.98%. The company is mainly engaged in the research, development, production and sales of refrigerators and commercial display cabinets. During the reporting period, operating revenue grew year-on-year, but net profit fell, mainly due to exchange losses caused by the appreciation of the renminbi, a decline in gross margin from rising raw material prices, and the recognition of share-based payment expenses from the implementation of a restricted stock incentive plan.

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中国证券报·67dRead more →

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Snowky Electric’s second-largest shareholder cashes out nearly 300 million yuan, natural person Liu Xiang acquires 12.65% stake via agreement

Snowky Electric’s second-largest shareholder, Anhui Zhidao Investment Co., Ltd., has sold its entire stake for approximately 296 million yuan. Natural person Liu Xiang acquired 23.1499 million shares at 12.80 yuan per share through a block trade, representing 12.6481% of the company’s total share capital. Upon completion of the transfer, Zhidao Investment no longer holds any shares in the company. The transaction does not trigger a mandatory tender offer, does not involve a related-party transaction, and will not result in a change of the controlling shareholder or the actual controller. The buyer, Liu Xiang, is 47 years old and has long been engaged in the manufacturing and trading of home appliance components. In the previous six months, he had already increased his stake in Snowky Electric by 418,600 shares through centralized bidding. Combined with this acquisition, his total shareholding will rise to 12.8768%, making him a significant shareholder second only to the controlling shareholder. Liu Xiang stated that this acquisition is based on his recognition of the company’s future development prospects and investment value.

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南方财经网·75dRead more →

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Xueqi Electric's 12.65% Stake Sold Off Entirely: Home Appliance Industry Investor Liu Xiang Takes Over

Xueqi Electric shareholder Zhidao Investment has transferred all of its 23.1499 million shares in the company to Liu Xiang, representing 12.6481% of the total share capital, for a total consideration of 296 million yuan. The transfer price is 12.8 yuan per share. After the transaction, Zhidao Investment will no longer hold any shares in Xueqi Electric, and Liu Xiang's stake will rise to 12.8768%. Liu Xiang has long been deeply involved in the home appliance industry, primarily engaged in the manufacturing and trading of components such as washing machine deceleration clutches. This acquisition is based on recognition of the company's future development prospects and investment value. The transferor has committed to releasing the pledge on 14.82 million shares before closing, and the transferee has committed not to reduce holdings within 18 months.

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