Fujian Nebula Electronics Co Ltd

Fujian Nebula Electronics Company Limited announced on August 28, 2026, that its fifth board of directors, at its fourth meeting, has approved a proposal to issue H shares and list on the Main Board of the Hong Kong Stock Exchange. The move aims to advance its internationalization strategy, enhance its global brand image, and strengthen core competitiveness. The issuance still requires shareholder approval, as well as approval, authorization, or filing with the China Securities Regulatory Commission, the Hong Kong Securities and Futures Commission, and the Hong Kong Stock Exchange. The shareholders' resolution will remain valid for 24 months from the date of approval, or for such other period as may be agreed. Specific details have not yet been finalized, and there remains significant uncertainty as to whether the plan can ultimately be implemented.

Nebula Electronics, stock code 300648, disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 690 million yuan, up 23.93 percent year on year, and net profit attributable to the parent of 18.2251 million yuan, reversing a loss from the same period last year. Net profit after deducting non-recurring items was a loss of 30.373 million yuan, compared with a loss of 18.5528 million yuan a year earlier. Net cash flow from operating activities was 4.0099 million yuan, down 95.35 percent year on year. The company's main businesses cover lithium battery equipment, battery testing services, energy storage products, and integrated charging and testing pile products.