Shenzhen Auto Electric Power Plant Co Ltd

ST Texun released its 2026 interim report, with a net loss attributable to the parent company of 35.77 million yuan, an increase of 6.8 million yuan compared with the same period last year. Total operating revenue was 134 million yuan, up 5.88 percent year on year. Net cash outflow from operating activities was 24.61 million yuan, a decrease of 27.79 million yuan from the same period last year. The company's latest asset-liability ratio was 36.56 percent, gross margin was 28.13 percent, return on equity was negative 3.97 percent, and diluted earnings per share was negative 0.14 yuan.

Aulton released its 2026 interim report. In the first half of the year, it achieved operating revenue of 134 million yuan, up 5.88% year on year, but the net loss attributable to shareholders of the listed company widened to 35.77 million yuan, a year-on-year decline of 23.47%. Net loss after deducting non-recurring items was 38.62 million yuan, down 19.13% year on year. Net cash flow from operating activities was negative 24.61 million yuan. Although it remained a net outflow, it improved by 53.04% compared with negative 52.41 million yuan in the same period of 2025. Revenue from the industrial power supply business was 102 million yuan, accounting for 76.17% of total revenue, up 6.17% year on year. Revenue from the new power system business was 24.19 million yuan, accounting for 17.99%. Together, the two contributed more than 90% of revenue. The gross margin of the new power system segment was negative 29.21%, down 5.52 percentage points year on year, continuing to drag on overall profitability. The company's controlling shareholder, Ouhua Industrial, maintained a 51.25% stake, and the actual controller remained Ms. Liao Xiaoxia, with no change. The 2026 interim profit distribution plan is to pay no cash dividend, issue no bonus shares, and not convert capital reserve into share capital.

ST Aotexun disclosed its earnings forecast, expecting a net loss attributable to the parent company of 35 million to 40.6 million yuan for the first half of 2026, compared with a loss of 28.9689 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 37 million to 42.6 million yuan, compared with a loss of 32.4157 million yuan a year earlier. The company said the change in performance was mainly due to an increase in period expenses, including a year-on-year rise in personnel costs from organizational restructuring, as well as higher depreciation after the completion and transfer to fixed assets of the Aotexun Industrial Park project, while other income decreased year-on-year. The company's main businesses cover three categories: industrial power supplies, new energy electric vehicle charging, and energy storage microgrids and new power systems.