SEC Electric Mach Co Ltd

China Electric Motor released its 2026 interim report, with net profit attributable to the parent company at 4.70 million yuan, down 86.56% from the same period last year. Total operating revenue was 253 million yuan, down 17.95% year on year. Net cash inflow from operating activities was 68.98 million yuan. The latest asset-liability ratio was 41.56%, gross margin was 25.56%, ROE was 0.72%, and diluted earnings per share was 0.02 yuan.

Zhongdian Electric disclosed its 2026 semi-annual report, with net profit attributable to the parent company of 4.7 million yuan in the first half, down 86.56% year on year. The company achieved total operating revenue of 253 million yuan, down 17.95% year on year. Non-recurring net profit was 4.21 million yuan, down 76.29% year on year. Net cash flow from operating activities was 68.98 million yuan, compared with negative 19.24 million yuan in the same period last year. Basic earnings per share were 0.02 yuan, and the weighted average return on equity was 0.71%, down 4.61 percentage points year on year. As of August 21, 2026, 11.53% of the company's shares were pledged. The second-largest shareholder, Wang Jianyu, pledged 18.1 million shares, accounting for 58.63% of his holdings, and the third-largest shareholder, Wang Jiankai, pledged 9.02 million shares, accounting for 57.69% of his holdings.

China Electric Motor disclosed its 2026 interim report. In the first half, it achieved operating revenue of 253 million yuan, down 17.95% year on year. Net profit attributable to shareholders of the listed company was 4.70 million yuan, down 86.56% year on year. Basic earnings per share were 0.02 yuan. The sharp decline in net profit was mainly because, in the same period last year, a wholly owned subsidiary reduced its holdings of Hong Kong stocks and generated relatively high returns, while there was no such factor this period. At the same time, intensifying competition in the motor market and rising prices of major raw materials led to year-on-year declines in revenue and gross margin.

Wang Jianyu and Wang Jiankai, the founding brothers of SEC Electric Machinery, plan to reduce their shareholding in the company again. An announcement on the evening of August 14 showed that the two, acting in concert, together hold 46.503376 million shares, accounting for 19.77% of the total share capital. Due to personal funding needs, they intend to reduce their combined holdings by no more than 7.056 million shares, or no more than 3.00% of the total share capital, through block trading or centralized bidding between September 7 and December 6, 2026. In the preceding months, Wang Jiankai and Wang Jianyu had each already reduced their holdings by 7.056 million shares, cashing out a combined total of approximately 333 million yuan. Based on the closing price of 21.88 yuan on August 14, this latest reduction could raise approximately another 154 million yuan. The company expects its net profit attributable to the parent for the first half of 2026 to be between 3.6 million yuan and 5.4 million yuan, a year-on-year decline of 89.71% to 84.56%.

China Electric Motor disclosed its earnings forecast, expecting a net profit attributable to the parent company of 3.6 million to 5.4 million yuan for the first half of 2026, a year-on-year decline of 84.56% to 89.71%. Deducted non-recurring net profit is expected to be 3.2 million to 4.8 million yuan, down 72.98% to 81.98% year-on-year. The company stated that the decline in performance was mainly due to intensified competition in the motor market and rising prices of key raw materials, which led to a year-on-year decrease in revenue and gross margin. At the same time, the same period last year saw a large gain from a wholly-owned subsidiary reducing its holdings of Hong Kong-listed stocks, creating a high comparison base for the current period.