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Paslin Digital Technology Co Ltd

Paslin Digital Technology Co., Ltd. provides planning, design, research and development, manufacturing, installation, commissioning, after-sales support, and consulting for industrial automation production lines in China and internationally. Its products serve automotive manufacturing and production lines, intelligent warehousing automation, prefabricated building automation, digital factory solutions, and related services. The company also engages in real estate development and property management. Formerly known as Changchun jingkai Group Co., Ltd, it changed its name to Paslin Digital Technology Co., Ltd. in December 2021; it was founded in 1993 and is based in Changchun, China.

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Paslin's net loss narrows by 7.37 million yuan in first half of 2026

Paslin disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 638 million yuan, up 26.62 percent year on year. Net loss attributable to the parent company was 27.71 million yuan, narrowing by 7.37 million yuan compared with the same period last year. Net loss after deducting non-recurring items was 27.86 million yuan, compared with a loss of 37.09 million yuan a year earlier. Net cash flow from operating activities was negative 31.87 million yuan, an improvement of 1.52 million yuan year on year. As of the end of the first half, the company's cash and cash equivalents increased by 1,108.03 percent from the end of last year, and their share of total assets rose by 13.53 percentage points. The company focuses on the intelligent manufacturing industry and provides integrated solutions for industrial automation production lines.
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Paisilin reports net loss of 27.7082 million yuan in 2026 interim report

Paisilin released its 2026 interim report, showing total operating revenue of 638 million yuan and net profit attributable to the parent company of negative 27.7082 million yuan, ranking 46th among disclosed peer companies. Net cash flow from operating activities was negative 31.8684 million yuan, ranking 35th. The company's latest asset-liability ratio was 26.25%, gross margin was negative 0.32%, down 7.88 percentage points from the same period last year, and ROE was negative 1.14%. Diluted earnings per share was negative 0.06 yuan, total asset turnover was 0.18 times, and inventory turnover was 20.85 times. The number of shareholders was 30,700, and the top ten shareholders held 36.78% of total share capital.
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Paslin Responds to SSE Inquiry: Over 95% Overseas Revenue Share and 187% Surge in Long-Aged Assets Deemed Reasonable

Paslin has responded to the Shanghai Stock Exchange's inquiry letter regarding its 2025 annual report, explaining why overseas business accounts for over 95% of revenue and why assets aged over one year surged 186.93% year-on-year. The company disclosed that the top 15 projects at period-end had total contract assets of 660 million yuan, of which Projects 1, 2, and 6, affected by North American new energy policies, led to customers not accepting and settling as agreed, totaling 379 million yuan. This was the main reason for the sharp increase in long-aged assets. Excluding these three projects, the proportion of long-aged assets fell to 40.67%, close to peer Topstar, and the company considers this reasonable. Paslin stressed that it uses the input method to recognize performance progress based on cost proportion, cost accumulation is genuine, project delays were caused by external policies, and there is no early revenue recognition or manipulation of performance progress.
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