Moso Power Supply Technology Co Ltd

Maoshuo Power released its 2026 half-year report, showing a net loss attributable to the parent company of 30.44 million yuan in the first half, widening from a loss of 22.53 million yuan in the same period last year. The company's first-half operating revenue was 633 million yuan, down 3.0 percent year on year. Net loss attributable to the parent company after deducting non-recurring items was 35.28 million yuan, compared with a loss of 27.41 million yuan a year earlier. Net operating cash flow was negative 48.95 million yuan, down 15.6 percent year on year. In the second quarter, the net loss attributable to the parent company was 1.35 million yuan, significantly narrower than the loss of 23.13 million yuan in the same period last year. As of the end of the second quarter, the company's total assets were 1.825 billion yuan, up 1.4 percent from the end of the previous year, while net assets attributable to the parent company were 996 million yuan, down 3.0 percent from the end of the previous year.

Maoshuo Power announced that Securities Affairs Representative Liu Yue has resigned for personal reasons and will no longer hold any position at the company. Since the start of this year, several executives have left, including Deputy General Manager Chu Changzheng, Chairman Fu Liang, Director Jiao Zhenfang, and Director and CFO Ai Jing. In December last year, General Manager Yuan Hongbo was also dismissed. The company expects a net loss attributable to shareholders of 26 million to 33 million yuan for the first half of 2026, compared with a loss of 22.5299 million yuan in the same period last year. For the full year 2025, the net loss attributable to shareholders was 234 million yuan. Maoshuo Power is mainly engaged in the research, development, production, sales, and technical services of switching power supplies. Facing intensifying market competition and rising raw material prices, the company stated that the profitability of its main business is steadily recovering.

Maoshuo Power issued a performance forecast, expecting a net loss attributable to shareholders of the listed company of 26 million to 33 million yuan for the first half of 2026. The company stated that in the face of intensifying market competition and rising raw material prices, through improving quality and efficiency, optimizing product mix, and reducing expenses, the profitability of its main business has been steadily recovering, with a significant improvement in operating performance in the second quarter. However, due to the loss in the first quarter, the overall first half remained in the red, though the total loss narrowed significantly compared with the same period last year.