SENASIC Electronics Technology (6675) investor relations material

Executive summary

• H1 2026 revenue rose 36.5% YoY to RMB214.1m; gross margin expanded 5.3 percentage points to 32.4%. Adjusted loss narrowed to RMB6.0m, while reported loss widened due mainly to a non-cash investor-instrument remeasurement.

• H Shares began trading on 17 June 2026, raising net IPO proceeds of HK$912.52m by 30 June; the listing also ended investor redemption rights attached to pre-IPO instruments.

Financial highlights

• Revenue was RMB214.057m vs RMB156.812m YoY; gross profit was RMB69.413m vs RMB42.548m.

• Operating loss widened to RMB42.047m from RMB16.566m; reported net loss increased to RMB1,393.668m from RMB143.263m.

• Adjusted loss, excluding investor-instrument liability changes, listing expenses and equity-settled share-based payments, was RMB6.026m vs RMB15.704m.

• Administrative expenses rose 234.0% YoY to RMB61.7m, mainly from staff costs, share-based incentives and listing fees; R&D costs increased 20.9% to RMB43.2m.

• Cash and cash equivalents reached RMB1,129.6m at 30 June vs RMB201.3m at 31 December 2025; operating cash used was RMB30.8m.

Outlook and guidance

• H2 priorities include advancing wBMS and next-generation tire-sensing products, improving integration and wireless capability, and progressing customer validation and commercialization.

• Plans include accelerating wBMS deployment in energy-storage and power-battery settings, progressing proof-of-concept projects with domestic and overseas battery makers, and pursuing new brand customization projects.

• Penang operations are intended to support localized assembly, testing and calibration, overseas customer development and global delivery.

• Remaining IPO proceeds are expected to be used by end-2030, subject to business needs and market conditions; allocation is 40% business expansion, 30% R&D, and 10% each for sales expansion, strategic investment/acquisitions and working capital.