Saurer Intelligent Technology Co Ltd Class A

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Saurer Intelligent Technology H1 Revenue Hits 1.922 Billion Yuan, Fiberglass Equipment Business Becomes New Growth Engine

Saurer Intelligent Technology achieved operating revenue of 1.922 billion yuan in the first half of 2026, with losses narrowing year on year, as its fiberglass equipment business became a new growth engine. During the reporting period, the company's domestic sales revenue surged 78.7% year on year, and its technology division posted revenue of 460 million yuan, a sharp increase of 113.4% year on year, mainly driven by a surge in orders for fiberglass twisting machines amid expanding demand for fiberglass electronic fabric. The traditional spinning division recorded revenue of 1.46 billion yuan, roughly flat compared with the same period last year. Leveraging its deep expertise in fiberglass twisting technology, the company has successfully entered the upstream materials segment of the electronic information industry and continues to deepen its global footprint, reaching a contract renewal with a core Indian textile enterprise and deploying its self-developed smart spinning management software at a leading Vietnamese textile company. Looking ahead, sustained high prosperity in the computing power industry is expected to keep driving demand for electronic yarn and electronic fabric, and the company's technological moat in fiberglass equipment will continue to pay off, supporting its earnings recovery.

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Saurer Intelligent Technology Posts Loss of 76.658 Million Yuan in First Half of 2026

Saurer Intelligent Technology disclosed its 2026 semi-annual report on August 28. In the first half of the year, it achieved total operating revenue of 1.922 billion yuan, up 15.44 percent year on year, but net profit attributable to the parent company showed a loss of 76.658 million yuan, compared with a loss of 201 million yuan in the same period last year, narrowing the loss. Net profit after deducting non-recurring items was a loss of 81.541 million yuan, compared with a loss of 204 million yuan a year earlier. Net cash flow from operating activities was 178 million yuan, versus a negative figure in the prior-year period. As of August 21, 2026, 44.82 percent of the company's shares were pledged. The largest shareholder, Jiangsu Jinsheng Industrial Company Limited, had pledged 1.436 billion shares, representing 175.02 percent of its total holdings.

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Saurer Intelligent Technology reports net loss of 76.658 million yuan in 2026 interim results

Saurer Intelligent Technology has released its 2026 interim report. Total operating revenue was 1.922 billion yuan, and net profit attributable to the parent company was a loss of 76.658 million yuan, ranking 167th among peer companies that have already disclosed results. Net cash inflow from operating activities was 178 million yuan. The company's latest asset-liability ratio was 63.39 percent, up 0.96 percentage points from the previous quarter and up 7.75 percentage points from the same period last year. Gross margin was 8.26 percent, down 0.62 percentage points from the previous quarter and down 9.09 percentage points from the same period last year. The latest return on equity was negative 3.05 percent, and diluted earnings per share was negative 0.04 yuan. The company had 129,600 shareholder accounts, and the top ten shareholders held 957 million shares, accounting for 53.52 percent of total share capital.

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Saurer Intelligent Machinery Responds to SSE Inquiry on Untimely Review of Controller Guarantee Fees and Related-Party Leases

Saurer Intelligent Machinery has responded to an inquiry from the Shanghai Stock Exchange regarding the emphasis-of-matter paragraph in the internal control audit of its 2025 annual report. The company explained related-party transactions including the payment of 7.215 million yuan in guarantee fees to its actual controller Pan Xueping through a third party, and a 3 million yuan rental deposit to related party Jiangsu Jinhong Textile. The company stated that the guarantee fees were for joint and several liability guarantees provided by the actual controller for bank borrowings of the company and its subsidiaries, charged at 1.2 percent per annum, totaling 16.793 million yuan. This rate is slightly below the A-share sample average of 1.21 percent, which ranges from 0.7 to 2.0 percent. Saurer Jiangsu leases factory premises from Jinhong Textile for a term of 10.5 years including six months rent-free, with an average annual rent of 12.4 million yuan, 0.4 percent lower than the local market price. Saurer Changzhou leases factory premises from Jinsheng Industrial at a unit price of 188 yuan per square meter per year, 0.8 percent lower than the surrounding average price. Both leased properties have been delivered and put into use. The company stated that the transactions were based on genuine financing and production needs, with the funds corresponding to clear performance obligations and not constituting non-operational capital occupation. The failure to review the transactions in a timely manner was due to the business departments not synchronizing with the board secretary's office. Supplementary review was completed on April 27, 2026, and the company has since optimized its payment review and information reporting processes, while simultaneously organizing compliance training.

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