Zhejiang Power New Energy Co. Ltd. A

ST Pawa released its 2026 interim report on August 7, 2026. The company's total operating revenue was 455 million yuan, net profit attributable to the parent was 45.0597 million yuan, and net cash inflow from operating activities was 30.1537 million yuan. The company's latest asset-liability ratio is 26.64%, gross margin is 7.49%, ROE is 4.10%, and diluted earnings per share is 0.28 yuan. Total asset turnover is 0.31 times, and inventory turnover is 2.70 times. The number of shareholders is 7,703, and the top ten shareholders hold 87.1668 million shares, accounting for 55.62% of the total share capital.

ST Paiva released its 2026 semi-annual report, achieving operating revenue of 455 million yuan, up 90.16 percent year-on-year, with net profit attributable to the parent of 45.06 million yuan, swinging from a loss to a profit. The company's non-recurring net profit turned to a profit of 2.01 million yuan from a loss of 161 million yuan in the same period last year, and its gross profit margin rebounded by 17.84 percentage points from the end of 2025 to 7.49 percent. The company proactively adjusted its business structure, concentrating resources on developing single-crystal high-voltage ternary products, and completed the disposal of assets related to the 15,000-tonne project in Lanxi to recoup funds. In terms of cutting-edge technology, the company's lithium-rich manganese-based precursors have been sampled to multiple customers and secured tonne-level orders, while it is also collaborating with the Quzhou Research Institute of Zhejiang University on sulfide solid-state electrolyte technology.