Kennede Electronics MFG Co Ltd

Xiaosong Shares released its 2026 interim report. First-half operating revenue was 425 million yuan, down 24.6% year on year, while net loss attributable to the parent company was 58.8 million yuan, widening from a loss of 34.93 million yuan in the same period last year. Second-quarter revenue was 239 million yuan, up 2.6% year on year, but the net loss attributable to the parent company was 28.76 million yuan, larger than the loss in the same period last year. Affected by intensifying competition, the company's home appliance business recorded revenue of 293 million yuan, down 34.41% year on year. Within that, rechargeable lighting products brought in 72.72 million yuan, down 30.75% year on year, and rechargeable AC/DC fans brought in 124 million yuan, down 45.91% year on year. In September 2025, the company increased its investment in Songguo Culture to enter the film and television business. During the reporting period, the film and television business achieved revenue of 132 million yuan, accounting for 31.02% of total revenue. Meanwhile, in December 2025, the company sold its 51% stake in Guohai Construction, which is no longer included in the consolidated financial statements.