Shanghai Morn Electric Equipment Co Ltd

Shanghai Morn Electric Equipment Co., Ltd. researches, designs, develops, produces, and sells cables in China, together with its subsidiaries. It operates in two segments: Cable and Quasi-Financial. Under the Morn brand, it offers power and electrical equipment cables, including aluminum alloy, mineral insulated flexible fire-proof, LV and MV fire-resistant power, ceramic high-temperature fire-resistant, metal flexible pipe equipment, frequency converter, shielding and chemical resistance, encoder, oil resistant corrosion split-phase comprehensive sheath, and high and low temperature resistant cables. The company is also involved in factoring, debt collection services, investment activities, property management, hotel accommodation, and trading. Its products serve fields such as power, rail transportation, construction engineering, new energy, communications, ships, intelligent equipment, metallurgy, petrochemicals, port machinery and marine engineering, and mining. Founded in 1997, it is headquartered in Shanghai, China.

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Morn Electric Releases 2026 Interim Report with Net Profit of 5.761 Million Yuan

Morn Electric released its 2026 interim report on August 24, 2026. During the reporting period, net profit attributable to the parent company was 5.761 million yuan. Total operating revenue was 730 million yuan, a decrease of 82.8009 million yuan compared with the same period last year, down 10.18 percent year on year. Net cash flow from operating activities was negative 148 million yuan, a decrease of 126 million yuan compared with the same period last year. The company's latest asset-liability ratio was 54.87 percent, up 1.69 percentage points from the previous quarter. The latest gross margin was 10.31 percent, down 0.70 percentage points from the previous quarter. The latest return on equity was 0.75 percent, and diluted earnings per share was 0.01 yuan.

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