Zhejiang Aishida Electric Co Ltd

Aishida issued a stock trading abnormality announcement after hitting the daily limit-up for two consecutive trading days, cautioning that its embodied intelligent robot cooperation project is still in its early stage, with sales revenue generated so far at only 137,200 yuan, and that technology iteration, project implementation, and commercialisation all remain uncertain. On September 3 and September 4, Aishida hit the daily limit-up both days, with the cumulative deviation in closing price gains over the two consecutive trading days exceeding 20 percent. As of the close on September 4, the share price stood at 11.28 yuan per share, giving a total market capitalisation of 3.842 billion yuan. The company's main business covers cookware, small home appliances, and industrial robots, and its industrial robot business will not have a material impact on the company's financial position and operating results for 2026. In the first half of 2026, the company's operating revenue was 1.351 billion yuan, with cookware and small home appliance business accounting for 84.46 percent of revenue and industrial robots accounting for 12.20 percent. In addition, a wholly owned subsidiary of Aishida signed a strategic cooperation agreement with Zhiyuan Innovation, planning to start with contract manufacturing of Zhiyuan Robotics' quadruped robot dogs, with the first robot dog product expected to roll off the production line in the fourth quarter of 2026. Meanwhile, the equipment procurement agreement between its controlling subsidiary Qianjiang Robot and Honglu Steel Structure is progressing more slowly than expected. The original plan called for purchasing 1,888 units, but only 920 units have actually been purchased, representing 49 percent. However, Aishida said the amount involved in the agreement accounts for a relatively low proportion of the company's revenue in the previous year and will not have a material adverse impact.

Aishida Co., Ltd. announced that the Equipment Procurement Framework Cooperation Agreement signed between its controlling subsidiary Zhejiang Qianjiang Robot Co., Ltd. and Anhui Honglu Steel Structure Group Co., Ltd. expired on September 2, 2026. During the agreement period, Honglu Steel Structure actually purchased a total of 920 related industrial robot products, representing 49% of the originally planned 1,888 units. The fulfillment progress fell short of expectations because the customer adjusted its product planning in response to changes in the external market environment. Cooperation between the two parties is proceeding normally, with a certain procurement and delivery pace maintained every month, and they will continue to fulfill the framework agreement. The company stated that the amount involved accounts for a relatively low proportion of its revenue in the previous year, will not have a material adverse impact on operating performance or financial condition, and does not constitute a breach of contract.

Aishida released its 2026 interim report. Total operating revenue was 1.351 billion yuan, and net profit attributable to the parent company was a loss of 93.41 million yuan, swinging from profit to loss. Compared with the same period last year, it decreased by 96.21 million yuan, a year-on-year decline of 3441.57 percent. Net cash flow from operating activities was a negative 25.28 million yuan, down 150.43 percent year on year. The company's asset-liability ratio was 71.79 percent, gross margin was 31.08 percent, return on equity was negative 7.13 percent, and diluted earnings per share was negative 0.27 yuan. The number of shareholders was 33,200, and the top ten shareholders held 61.16 percent of the total share capital.

Aishida's controlling shareholder, Aishida Group, has released 10 million pledged shares. This release accounts for 7.96% of its shareholding and 2.94% of the company's total share capital. As of the announcement date, Aishida Group has a cumulative pledged share count of 79 million shares, representing 62.87% of its holdings. The company reported first-quarter 2026 revenue of 698 million yuan and a net loss attributable to the parent of 10.48 million yuan.