Shanghai Kelai Mechatronics

Klein Automation Machinery released its 2026 interim report. Total operating revenue was 183 million yuan, down 20.17% year on year. Net profit attributable to the parent company was negative 7.7565 million yuan, swinging from profit to loss, a decrease of 27.2226 million yuan compared with the same period last year, a decline of 139.85%. Net cash inflow from operating activities was 11.5856 million yuan. The asset-liability ratio was 18.37%, gross margin was 16.17%, return on equity was negative 0.70%, and diluted earnings per share was negative 0.03 yuan. The company had 31,400 shareholders, and the top ten shareholders held 44.95% of the total share capital.

Kelai Electromechanical disclosed its 2026 semi-annual report on August 27. In the first half of the year, it achieved total operating revenue of 183 million yuan, a year-on-year decrease of 20.17%. Net profit attributable to the parent company was a loss of 7.7565 million yuan, compared with a profit of 19.4661 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 8.5203 million yuan, compared with a profit of 14.8958 million yuan in the same period last year. Net cash flow from operating activities was 11.5856 million yuan, compared with negative 5.9303 million yuan in the same period last year. Basic earnings per share were negative 0.03 yuan, and the weighted average return on net assets was negative 0.69%. The company's business mainly includes two major segments: intelligent equipment and automotive parts. As of the end of the first half of the year, the book value of inventory was 307 million yuan, accounting for 27.6% of net assets, an increase of 149 million yuan from the end of the previous year.

Klein Machinery announced that Chen Jiukang, one of the company's controlling shareholders and actual controllers, plans to reduce his stake by no more than 7,865,800 shares through centralized bidding and block trading, representing 3% of the company's total share capital.

Kelai Electromechanical disclosed its earnings forecast, expecting a net loss attributable to shareholders of 7.4405 million to 9.9207 million yuan in the first half of 2026, compared with a profit of 19.4661 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 8.0405 million to 10.5207 million yuan, compared with a profit of 14.8958 million yuan a year earlier. The company stated that the expected loss is due on one hand to a decline in revenue from its intelligent equipment business affected by downstream market demand, and a significant drop in revenue and gross margin of its auto parts business due to customer production scheduling and lower sales prices. On the other hand, intermediary consulting fees incurred for the acquisition of Shanghai Yilai Technology Co., Ltd. in the first half led to a substantial increase in administrative expenses compared with the same period last year. Based on the closing price on July 14, Kelai Electromechanical's current price-to-earnings ratio is approximately negative 2,205.82 times, the price-to-book ratio is about 3.54 times, and the price-to-sales ratio is about 8.13 times.