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Zhejiang Jingsheng Mech Electric

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. engages in the research, development, production, and sale of semiconductor equipment, semiconductor substrate materials, consumables, and components in China and internationally. It offers advanced equipment, such as power semiconductors and advanced process equipment, and photovoltaic equipment, as well as semiconductor materials and equipment; and advanced materials, including diamond, sapphire, quartz crucible, diamond wire, and graphite products and silicon carbide components. The company also provides smart factory solutions and customer services. Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. was founded in 2006 and is headquartered in Shaoxing, China.

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Jingsheng Mechanical & Electrical's 2026 interim net profit was 232 million yuan, down 63.66% year on year

Jingsheng Mechanical & Electrical released its 2026 interim report, with net profit attributable to the parent company of 232 million yuan, down 63.66% from the same period last year. Total operating revenue was 3.452 billion yuan, down 40.47% year on year. Net cash inflow from operating activities was 1.366 billion yuan. The latest gross margin was 30.42%, and diluted earnings per share were 0.18 yuan, down 63.27% year on year. The company's latest asset-liability ratio was 36.45%, up 4.59 percentage points from the previous quarter.
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First quantifiable tool against solar industry involution lands as CPIA cost accounting model officially takes effect

The China Photovoltaic Industry Association cost accounting model officially took effect on July 27. The State Administration for Market Regulation held its first compliance guidance meeting on July 31, marking the arrival of the first quantifiable tool against industry involution and clarifying the path for raising bidding floor prices. Guojin Securities noted that these guidelines represent a key step for solar industry governance to move from self-regulatory initiatives toward standardization and institutionalization, which is expected to shift companies from price wars to quality competition and promote high-quality development in the solar sector. In addition, the policy window for distributed consumption solutions such as station-area energy storage and green power direct connection has arrived. On August 3, the mainstream price of 2.0 mm coated glass in the East China market rose 1.17% from the previous trading day. As of 9:30 a.m. on August 3, the CSI Photovoltaic Industry Index gained 0.52%, and the Penghua Solar ETF rose 0.56% to 0.54 yuan, with intraday turnover reaching 1.0588 million yuan.
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