Xi'an Sinofuse Electric Co. Ltd.

Zhongrong Electric announced that it has received a nomination letter for a global exclusive nomination of a multi-position switch for the battery pack of a 900-volt DC platform model from a US new-energy automaker. The project is expected to start series production in the fourth quarter of 2028, with total projected sales of 200 million yuan over the project cycle, though the exact volume will be influenced by the automaker's sales and other factors. In the first quarter of 2026, Zhongrong Electric achieved revenue of 632 million yuan and net profit attributable to the parent company of 114 million yuan.

Zhongrong Electric issued a performance forecast, estimating net profit attributable to the parent for the first half of 2026 at 202 million to 232 million yuan, representing a year-on-year increase of 46.91% to 68.73%. Net profit after deducting non-recurring items is expected to be 197 million to 227 million yuan, up 46.06% to 68.30% year-on-year. The profit growth is mainly due to the company strengthening corporate management and research and development investment, boosting sales revenue and profit through measures such as adjusting product mix, tackling technical challenges, optimizing processes, and reducing costs while increasing efficiency, while also formulating differentiated marketing strategies to enhance product competitiveness.

Zhongrong Electric disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 202 million and 232 million yuan, a year-on-year increase of 46.91% to 68.73%. Deducted non-recurring net profit is expected to be between 197 million and 227 million yuan, up 46.06% to 68.3% year-on-year. The company's main business is the research, development, production and sales of circuit protection devices. The profit growth is mainly due to continuously strengthening corporate management and R&D investment, through measures such as adjusting product structure, tackling technical problems, optimizing processes, reducing costs and increasing efficiency, as well as formulating differentiated marketing strategies to effectively enhance product competitiveness, achieving sustained growth in sales revenue and profit.