Sunwoda Electronic (300207) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥38.18 billion, up 41.48% year-over-year, driven by strong growth in EV and storage battery segments.

• Net profit attributable to shareholders was ¥602.62 million, down 29.59% year-over-year, with adjusted net profit (excluding non-recurring items) down 83.32%.

• Cash flow from operations was negative ¥1.95 billion, mainly due to increased cash outflows for inventory and procurement.

• The company maintained its position as a leading global lithium battery supplier, expanding market share in both domestic and international markets.

Financial highlights

• Operating income: ¥38.18 billion, up 41.48% year-over-year.

• Net profit attributable to shareholders: ¥602.62 million, down 29.59% year-over-year.

• Adjusted net profit (excluding non-recurring items): ¥97.26 million, down 83.32% year-over-year.

• Basic and diluted EPS: ¥0.33, down 29.79% year-over-year.

• Gross margin: 15.33%, down 0.46 percentage points year-over-year.

• Total assets: ¥125.29 billion, up 15.93% from year-end 2025.

• Net assets attributable to shareholders: ¥24.16 billion, down 1.25% from year-end 2025.

Outlook and guidance

• The company expects continued pressure on consumer electronics demand and ongoing volatility in upstream raw material prices in H2 2026.

• EV and energy storage battery demand is projected to remain robust, with further expansion in overseas markets and new product launches.

• The company will focus on R&D, cost control, and expanding high-value product lines to enhance long-term competitiveness.