JinGuan Electric Co Ltd

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Jinguan Electric's net profit falls 56.78% year-on-year in first half of 2026

Jinguan Electric disclosed its semi-annual report for 2026 on August 26. In the first half, total operating revenue reached 301 million yuan, down 11.52% year-on-year. Net profit attributable to the parent company was 18.30 million yuan, down 56.78% year-on-year. Net profit after deducting non-recurring items was 16.75 million yuan, down 55.67% year-on-year. Net cash flow from operating activities was negative 17.91 million yuan, compared with 41.87 million yuan in the same period last year. Basic earnings per share were 0.13 yuan, and the weighted average return on equity was 2.24%, down 2.9 percentage points year-on-year. As of the end of the first half, the company's cash and cash equivalents decreased by 59.46% from the end of the previous year, inventories increased by 86.25%, and short-term borrowings decreased by 100%.

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Jinguan Electric's 2026 interim report shows net profit down 56.78%

Jinguan Electric released its 2026 interim report. Total operating revenue was 301 million yuan, down 11.52% year on year. Net profit attributable to the parent company was 18.2976 million yuan, down 56.78% from the same period last year. Net cash flow from operating activities was negative 17.9121 million yuan, down 142.78% year on year. The company's asset-liability ratio was 40.66%, gross margin was 29.23%, return on equity was 2.45%, and diluted earnings per share was 0.13 yuan. The number of shareholders was 7,054, and the top ten shareholders held 55.27% of the total share capital.

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Jinguan Electric wins bid for China Southern Power Grid main grid line material project worth about 38.17 million yuan

Jinguan Electric announced that the company won the bid for the first batch framework tender of China Southern Power Grid's 2026 main grid line material project, securing two bid packages for 35kV to 220kV and 500kV line arresters, with a winning amount of about 38.17 million yuan, accounting for approximately 4.62% of the company's 2025 revenue.

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Jinguan Electric and Subsidiary Win Combined State Grid Bids Worth RMB 74.8151 Million

Jinguan Electric announced that the company and its wholly-owned subsidiary Nanyang Jinguan Intelligent Switchgear Co., Ltd. have recently won bids from State Grid totaling RMB 74.8151 million. Among them, the company won one bid package for lightning arresters for the Shaanxi to Henan ±800 kV ultra-high voltage direct current transmission project, with a bid amount of RMB 33.92 million. The company and Jinguan Intelligent won two bid packages for lightning arresters and switchgear products for power transmission and transformation projects, with a bid amount of RMB 40.8951 million. The combined bid amount accounts for approximately 9.06% of the company's 2025 operating revenue, and will have a positive impact on future operating performance. The projects are currently in the bid winner candidate announcement stage, and formal contracts have not yet been signed, so there is some uncertainty.

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