Wiscom System Co Ltd

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Wiscom System Terminates Participation in 1 Billion Yuan Industry Fund

Jiangsu Wiscom System Co., Ltd. announced on August 31, 2026 that, because its partner Zheshang Venture Capital plans to optimize and adjust its fund entities, the Huzhou Zhichuang Integrated Venture Capital Partnership in which the company participated failed to complete private fund registration. All partners decided to dissolve and deregister the partnership, and the company's external investment in establishing the industry fund and the related-party transaction were terminated. The industry fund was approved by the board of directors and an extraordinary shareholders' meeting in February 2026, with a target subscribed capital of 1 billion yuan, of which the company planned to contribute 240 million yuan, mainly investing in new quality productive forces, intelligent manufacturing, electric power and energy, and other fields. Because Zheshang Venture Capital's fund under management is the company's second-largest shareholder, this investment constituted a related-party transaction. During the preparation period, the partners' total paid-in capital was 10 million yuan, of which the company paid in 1.8361 million yuan, which has been fully refunded by Zheshang Venture Capital. The company stated that the termination of this investment will not have a material impact on production and operations, and there is no situation that harms the interests of the company and shareholders.

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Wiscom Technology's 2026 interim report shows net profit of 35.8633 million yuan

Wiscom Technology released its 2026 interim report, with total operating revenue of 702 million yuan and net profit attributable to the parent company of 35.8633 million yuan. Net cash flow from operating activities was negative 4.6487 million yuan, a decrease of 5.2347 million yuan compared with the same period last year, down 893.34 percent year on year. The company's asset-liability ratio was 53.28 percent, up 5.23 percentage points from the previous quarter and up 2.30 percentage points from the same period last year. Gross margin was 28.45 percent, down 1.25 percentage points from the same period last year; return on equity was 2.30 percent. Diluted earnings per share were 0.09 yuan. Total asset turnover was 0.22 times, and inventory turnover was 0.78 times, down 19.16 percent from the same period last year. The number of shareholders was 37,600, and the top ten shareholders held 25.75 percent of the total share capital.

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Jinzhi Technology Wins Bids Totaling Approximately 73.59 Million Yuan from State Grid Shanghai and Nanjing Public Security Projects

Jinzhi Technology announced that the company and its wholly-owned subsidiary recently won two projects, with a total bid amount of 73.5928 million yuan, accounting for 4.71 percent of the company's total operating revenue for 2025. Among them, the company won the bid for State Grid Shanghai Municipal Electric Power Company's 2026 power grid engineering materials second framework agreement procurement project, relay protection and automatic devices package 3, with a bid amount of 16.085 million yuan. The wholly-owned subsidiary won the bid for the Nanjing Public Security Bureau Lishui Branch's intelligent transportation and public safety video surveillance maintenance service project, with a bid amount of 57.5078 million yuan, a service period of three years, signed annually, with an annual budget of 19.968 million yuan. The company stated that winning the above projects will help enhance the company's brand influence and core competitiveness in the smart energy and smart city business sectors, and have a positive impact on operating performance. Bid award notices have been received, and contracts are being signed successively, but there is a risk that the contracts may not be fully performed or may be terminated.

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