Shenzhen Sosen Electronics Co.Ltd.

301002.CS

Sosen Shares Releases 2026 Interim Report with Net Profit Attributable to Parent of 37.82 Million Yuan

Sosen Shares released its 2026 interim report on August 20, 2026. Total operating revenue was 587 million yuan, and net profit attributable to the parent company was 37.82 million yuan. Net cash flow from operating activities was negative 28.51 million yuan, a decrease of 26.87 million yuan compared with the same period last year. The company's latest asset-liability ratio was 31.75 percent, up 1.59 percentage points from the previous quarter. Gross margin was 25.55 percent, return on equity was 3.38 percent, and diluted earnings per share was 0.28 yuan. The company's latest total asset turnover was 0.37 times, and inventory turnover was 2.68 times, down 2.68 percent from the same period last year. The number of shareholders was 13,000, and the top ten shareholders held 67.71 million shares, accounting for 50.18 percent of total share capital.

301002.CS

Jiemian·30dRead more →

301002.CS▼2

Sosen Ends Robotics Partnership and Sells Entire Stake in Chongqing Jinggang Transmission

Sosen announced the termination of its robot harmonic reducer technology development contract with Chongqing Jinggang Transmission, and sold all of its shares in Chongqing Jinggang Transmission to Wuzhou New Spring for 24.06 million yuan. After one year of venturing into robotics, the company has chosen to exit and focus on its core components business in power supplies and energy storage. Previously, the company entered the robotics sector through investments, technology contracts, and the establishment of subsidiaries. Its share price rose from below 19 yuan in May 2025 to an intraday high of 65.1 yuan on May 14 this year, a gain of more than 200 percent. During this period, actual controllers Wang Zongyou, Tian Nianbin, and senior executive Zou Chaoyang made precise share reductions at high levels, cashing out a total of approximately 347 million yuan. On the day the news was announced, the company disclosed its half-year report, with operating revenue of 587 million yuan, up 30.65 percent year on year, and non-GAAP net profit of 33 million yuan, surging 611.56 percent year on year. However, on August 20, the stock still opened lower and closed down 5.83 percent at 27.45 yuan, a decline of 57.83 percent from its high three months earlier.

301002.CS ▼

南方都市报·30dRead more →

Electrification & Mobility▲2

Sosen's first-half 2026 revenue rises 30.65% year on year

Sosen released its 2026 semi-annual report. In the first half, total operating revenue reached 587.16 million yuan, up 30.65% year on year, and net profit attributable to the parent company was 37.82 million yuan, turning from a loss to a profit. Among this, the LED driver power supply business achieved operating revenue of 471.26 million yuan, up 14.83% year on year, with a gross margin of 25.73%, an increase of 2.14 percentage points. The energy storage core components business achieved operating revenue of 108.87 million yuan, up 250.21% year on year. The company also launched a new NS-V series five-in-one sports lighting dedicated power supply, and debuted a self-developed 150 kilowatt commercial and industrial storage product that is about to begin small-batch delivery.

301002.CS ▲

Electrification & Mobility ▲Energy Transition & Power Demand ▲

证券时报·30dRead more →

301002.CS▲2

Sosen Shares Sells 6.25% Stake in Chongqing Jinggang Transmission for 24.0625 Million Yuan

Sosen Shares announced it is selling a 6.25% stake in its associate company Chongqing Jinggang Transmission to Wuzhou New Spring for 24.0625 million yuan, and will no longer hold any shares after the transaction. Chongqing Jinggang Transmission is mainly engaged in bearings, gears and transmission components. As of March 31, 2026, its net assets were 55.4317 million yuan and net profit was 3.4528 million yuan. This is a joint sale by multiple transferors, transferring a total of 15% equity for a total price of 57.75 million yuan, of which Sosen Shares' corresponding price is 24.0625 million yuan. The transaction price will be paid in two instalments of 50% each, with the closing date being the payment date of the first instalment. The company said the move is intended to recover funds, reduce investment risk and concentrate resources on consolidating its main business. The transaction does not constitute a related-party transaction or a major asset restructuring.

301002.CS ▲

Jiemian·31dRead more →