Sosen announced the termination of its robot harmonic reducer technology development contract with Chongqing Jinggang Transmission, and sold all of its shares in Chongqing Jinggang Transmission to Wuzhou New Spring for 24.06 million yuan. After one year of venturing into robotics, the company has chosen to exit and focus on its core components business in power supplies and energy storage. Previously, the company entered the robotics sector through investments, technology contracts, and the establishment of subsidiaries. Its share price rose from below 19 yuan in May 2025 to an intraday high of 65.1 yuan on May 14 this year, a gain of more than 200 percent. During this period, actual controllers Wang Zongyou, Tian Nianbin, and senior executive Zou Chaoyang made precise share reductions at high levels, cashing out a total of approximately 347 million yuan. On the day the news was announced, the company disclosed its half-year report, with operating revenue of 587 million yuan, up 30.65 percent year on year, and non-GAAP net profit of 33 million yuan, surging 611.56 percent year on year. However, on August 20, the stock still opened lower and closed down 5.83 percent at 27.45 yuan, a decline of 57.83 percent from its high three months earlier.
Shenzhen Sosen Electronics Co.Ltd.Company exits robotics, sells stake, and shares fall 5.83% despite strong earnings.
Zhejiang XCC Group Co Ltd