Suzhou Electrical Apparatus Sci

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Electrical Research Institute's 2026 interim net profit reaches 26.4546 million yuan

Electrical Research Institute released its 2026 interim report, with total operating revenue of 275 million yuan and net profit attributable to the parent company of 26.4546 million yuan. Net cash inflow from operating activities was 123 million yuan, down 5.06% from the same period last year. The company's asset-liability ratio was 15.30%, gross margin was 38.28%, ROE was 1.32%, and diluted earnings per share was 0.04 yuan. The number of shareholders was 37,500, and the top ten shareholders held 62.24% of the total share capital.

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Electric Power Research Institute swings to profit in first half

Electric Power Research Institute released its 2026 half-year report on the evening of August 26. First-half revenue reached 275 million yuan, up 15.69 percent year on year, and net profit attributable to shareholders of the listed company was 26.45 million yuan, swinging from a loss to a profit. Revenue from high-voltage electrical appliance testing was 226 million yuan, up 27.32 percent year on year. Low-voltage business declined because the same period last year included CQC testing business, but growth in the high-voltage business drove overall performance. In the first half, the company completed a number of major testing tasks, including a biaxial wave test on an SRSPLB 7500 kVA oil-immersed transformer, an ingress protection rating test on a 12-meter large integrated AC/DC energy storage container, and a full type test on a 500 kV transformer. It also obtained one new invention patent and 15 new utility model patent grants.

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EETI Confirms New District Shutdown Is a Phased Cost-Cutting Measure

EETI confirmed on an interactive platform in response to investor inquiries that the shutdown of its new district is a phased measure based on current operating conditions. The adjustment aims to cope with a complex business environment to achieve overall cost reduction for the listed company, and some of the original operations will be taken over by the company's headquarters in Wuzhong. The company stated that the above adjustment will not have a material adverse impact on overall operations.

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EED Control Person Hu Chun Cashes Out 7.16 Million Yuan, Acquires Canadian Citizenship

Shares of EED fell over 6% on July 13 to close at 5.89 yuan, after the company disclosed that its actual controller Hu Chun completed the naturalization process for Canadian citizenship on July 8, changing his personal identity information from Chinese to Canadian. However, the company's enterprise nature remains a domestic-funded enterprise, with the controlling shareholder and actual controller unchanged. A same-day announcement showed that from April 9 to July 8, 2026, Hu Chun reduced his holdings by 749,100 shares through centralized bidding at an average price of 9.555 yuan, cashing out approximately 7.16 million yuan. EED has seen frequent management changes in recent years. Hu Chun has been appointed and removed as chairman multiple times. After the death of Hu Delin in 2023, the actual controllers were changed to Li Chongzhu and Hu Chun. In the same year, several senior executives resigned en masse, and Hu Chun once again served as chairman until his term expired in June 2025. The company's revenue has declined year-on-year for four consecutive years since 2022. In 2025, net profit attributable to the parent company plunged 69.28% year-on-year to 6.76 million yuan. In the first quarter of 2026, revenue was 122 million yuan, up 13.72% year-on-year, and net profit attributable to the parent company was 2.03 million yuan, up 110.25% year-on-year.

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