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Jilin Jinguan Electric Co Ltd Class A

300510.CSCNY
3.53-20.1%1Y · CNY

Jilin Jinguan Electric Co., Ltd. operates in China's smart grid equipment, energy charging, and energy storage sectors. It offers a range of products including gas-insulated, semi-gas-insulated, and solid-insulated ring main units, outdoor ring main unit switching stations, high-voltage switchgears, medium-voltage switchgears, box-type substations, and low-voltage switchgears. The company also provides power cables, accessories, and grid systems. Its products serve power systems, metallurgy, chemical, rail transit, electrified railways, urban subways, municipal and port construction, factories, and mines. Incorporated in 2006, it is based in Changchun, China.

Price · split & dividend adjusted

Why is Jilin Jinguan Electric Co Ltd Class A (300510.CS) moving?

Latest
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Weak H1 Profit, Bid Win, Africa Solar Deal, Fraud Warning

  • H1 2026 profit collapsed 56.78% Jinguan Electric's first-half 2026 net profit fell 56.78% to 18.3 million yuan, revenue dropped 11.52%, and operating cash flow turned negative. This weak result pressures the stock because it shows the core business is shrinking and less profitable.

    The sharp profit decline is the biggest fundamental negative for the stock this period.

  • State Grid bids worth 74.8 million yuan Jinguan Electric won two State Grid procurement bids totaling 74.8 million yuan, about 9% of 2025 revenue. This supports future revenue and shows demand for its equipment, but the impact is modest given the small revenue share.

    New orders are a positive demand signal that can offset some of the weak earnings.

  • Africa solar-storage-charging EPC framework up to $296M A subsidiary signed a framework contract worth up to $296 million for 50 solar-storage-charging stations in Africa. However, it is only a framework, not a final order, and 2026 revenue impact is limited, so the market may treat it cautiously.

    This is a large potential new market, but its early-stage nature makes the near-term price impact uncertain.

  • Regulatory warning for inaccurate bid disclosure Jinguan and four individuals received a warning letter from the Jilin Securities Regulatory Bureau for inaccurate disclosure of a winning bid amount. This hurts investor trust and adds regulatory risk, which can weigh on the stock price.

    Regulatory scrutiny is a new negative that can affect investor confidence and valuation.

News & notes moving 300510.CS
AfghanistanChina
Energy Transition & Power Demand▲3

Jinguan Electric Subsidiary Signs EPC Framework Contract for African Solar-Storage-Charging Projects Worth Up to USD 296 Million

Jinguan Electric announced that its wholly owned subsidiary Jinguan Solar-Storage-Charging has signed an EPC general contracting framework agreement with SPIRO, with a total contract value not exceeding 296 million US dollars including tax, covering 50 grid-connected or off-grid integrated solar-storage-charging station projects in Africa. The company stated that this amount is an estimate based on standard station benchmark prices and planned quantities, and is not the final determined total price; actual execution will be subject to the specific EPC execution agreements subsequently signed by both parties. It is expected that only some batches of stations will be completed and delivered within this year, and contract revenue will be recognized in stages, with a relatively limited impact on the company's operating performance for 2026.
About megatrends
Energy Transition & Power Demand › Solar ▲Demand
Energy Transition & Power Demand › Energy Storage & Grid Flexibility ▲Demand
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
Electrification & Mobility › Charging Infrastructure & Networks ▲Demand
300510.CS · Demand · Positive Same company/entity as JinGuan Electric; its subsidiary won the USD 296M African EPC framework contract.
688517.CG · Demand · Positive Wholly owned subsidiary signed EPC framework contract worth up to USD 296M for 50 African solar-storage-charging stations.
Spiro · Demand · Positive SPIRO is the counterparty signing the EPC framework agreement for the 50 African solar-storage-charging projects.
金冠光储充 · Demand · Positive Jinguan Solar-Storage-Charging is the subsidiary that signed the USD 296M EPC framework contract.
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China
300510.CS▼

Jinguan Shares' 2026 Interim Report Shows Net Loss Widening to 72.9596 Million Yuan

Jinguan Shares released its 2026 interim report. During the reporting period, the company's total operating revenue was 380 million yuan, down 21.93 percent year on year. Net profit attributable to the parent company was negative 72.9596 million yuan, with the loss widening by 30.3469 million yuan compared with the same period last year. Net cash flow from operating activities was negative 90.2742 million yuan, down 197.30 percent year on year. The company's asset-liability ratio was 31.35 percent, gross margin was 11.85 percent, return on equity was negative 3.89 percent, and diluted earnings per share was negative 0.09 yuan. The number of shareholders was 33,200, and the top ten shareholders held 33.52 percent of the total share capital.
300510.CS · Capital · Negative Net loss widened to 72.96 million yuan with revenue down 21.93%.
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China
300510.CS

JinGuan Electric Terminates Cooperation on Zhongke Supercomputing Energy Storage Project

JinGuan Electric announced that the company and Xuchang Dianke Energy Storage Technology Co., Ltd. signed a Contract Termination Agreement regarding the Zhongke Supercomputing energy storage project. The original contract, with a total price of 236 million yuan including tax, was not actually executed. Neither party bears liability for breach of contract, and the termination of this cooperation will not have a material impact on the company's profit or loss.
300510.CS · · Neutral JinGuan Electric terminated the 236M yuan Zhongke Supercomputing energy storage contract, which was never executed and has no material impact on profit or loss.
许昌电科储能技术有限公司 · · Neutral Xuchang Dianke Energy Storage signed a mutual contract termination agreement with JinGuan Electric, with neither party bearing breach liability.
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China
300510.CS▼

Jinguan Shares 2026 Interim Report: Revenue and Net Profit Both Decline, Switchgear Bucks the Trend with Growth

Jinguan Shares released its 2026 interim report on August 27. Affected by a sharp drop in smart meter business orders and intensifying competition in the energy storage industry, the company's revenue and net profit both declined, and operating cash flow turned from positive to negative. During the reporting period, the company achieved operating revenue of 380 million yuan, down 21.93 percent year on year. Net profit attributable to the parent company was negative 72.96 million yuan, with the loss widening 71.22 percent year on year. Net profit after deducting non-recurring items was negative 81.24 million yuan, with the loss deepening further. Net cash flow from operating activities was negative 90.27 million yuan, a sharp deterioration from the net inflow of 92.78 million yuan in the same period last year, mainly due to a decline in sales collections. In terms of business structure, revenue from smart meters and electricity consumption information collection systems was only 44.38 million yuan, plunging 67.71 percent year on year, with gross margin falling to 7.55 percent, making it the core reason for the overall revenue decline. Meanwhile, revenue from the high and low voltage complete switchgear business reached 97.83 million yuan, up 15.63 percent year on year, with gross margin rising 11.26 percentage points to 29.55 percent, becoming an important force supporting revenue. In addition, the company's short-term borrowings increased significantly to 254 million yuan, raising financial leverage. Going forward, attention should be paid to the pace of State Grid tender recovery, the sustainability of switchgear orders, and the improvement in cash flow.
300510.CS · Capital · Negative Revenue and net profit both declined, with net loss widening 71.22% YoY and operating cash flow turning negative.
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China
300510.CS▼

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%.
300510.CS · Capital · Negative Net profit fell 56.78% year-on-year in H1 2026.
688517.CG · Capital · Negative Net profit fell 56.78% year-on-year in H1 2026.
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中国证券报·46dRead more →
China
300510.CS▼

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.
300510.CS · Capital · Negative Net profit down 56.78% and operating cash flow negative in interim report.
688517.CG · Capital · Negative Net profit down 56.78% and operating cash flow negative in interim report.
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Jiemian·46dRead more →
300510.CS▼

ST Jihua Fined 23.2 Million Yuan for Financial Fraud, 13 Individuals Penalized

ST Jihua has been fined a total of 23.2 million yuan, along with 13 responsible individuals, for false records in its annual reports from 2018 to 2021. The China Securities Regulatory Commission ordered the company to correct the violations, issued a warning, and imposed a fine of 7 million yuan. Thirteen former senior executives were given warnings and fined between 500,000 yuan and 2.5 million yuan each. In a separate case, Trip.com was fined 5.179 billion yuan by the State Administration for Market Regulation for abusing its dominant market position in monopolistic practices, marking the first time antitrust enforcement has penetrated deeply into the online travel vertical. Hainan Huatie was fined 3 million yuan for failing to disclose material progress on a 3.69 billion yuan computing power service agreement in a timely manner. Jinguan Corporation and four responsible individuals received a warning letter from the Jilin Securities Regulatory Bureau for inaccurate disclosure of a winning bid amount. Lanyu Corporation and its responsible individuals received a warning letter from the Zhejiang Securities Regulatory Bureau for violations in managing idle raised funds. ST Fucheng and its responsible individuals were given a regulatory warning by the Shanghai Stock Exchange for two errors in its annual report data. Jiaci Technology shareholder Liang Difei plans to donate 10 million company shares to the University of Electronic Science and Technology of China Education Development Foundation.
300510.CS · Regulation · Negative Received warning letter for inaccurate disclosure of winning bid amount
601718.CG · Regulation · Negative Fined 23.2 million yuan for false records in annual reports
603300.CG · Regulation · Negative Fined 3 million yuan for failing to disclose material progress on computing power agreement
9961.HK · Regulation · Negative Fined 5.179 billion yuan for monopolistic practices by SAMR
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300510.CS▲

Institutions continue buying after Lixiang New Energy's six-day winning streak, with combined daily purchases of 54.75 million yuan

Lixiang New Energy hit the daily limit up again today, securing its sixth consecutive limit-up and a cumulative gain of 77% over the period. After the close, the dragon-tiger list showed that two institutional seats bought a combined 54.75 million yuan, accounting for 4.31% of the day's total turnover. Meanwhile, Sinolink Securities Shenzhen Branch and CITIC Securities Shanghai Branch bought 27.15 million yuan and 25.16 million yuan respectively. The company disclosed an abnormal movement announcement stating that the recent share price volatility was mainly driven by market capital speculation, power industry themes, and sentiment factors such as expectations of peak summer electricity demand, with no material change in fundamentals, and it flagged secondary market trading risks. The power sector strengthened overall, with the Shenwan Power Equipment Index surging 4.08% at the close. Multiple stocks including Jinguan Electric and Shuangjie Electric hit the daily limit up, with Jinguan Electric seeing four institutional seats buy a combined 28.81 million yuan. In terms of news, the peak summer demand season combined with record-high electricity loads in many regions, and the National Development and Reform Commission pointed out that industrial and service sector electricity consumption growth along with high temperatures are jointly driving electricity demand.
300510.CS · Demand · Positive Mentioned as hitting limit-up amid power sector strength driven by peak summer electricity demand expectations.
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300510.CS▲4

Jinguan Shares Recently Won Bids Totaling Approximately 252 Million Yuan

Jinguan Shares announced that the company and its wholly-owned subsidiary Nengrui Electric recently won bids for projects from State Grid and its subsidiaries, China Southern Power Grid, Jining Municipal Investment Company Limited, Jilin Jirun New Materials Company Limited, and Jilin Carbon Valley Carbon Fiber Company Limited, with a total bid amount of approximately 252 million yuan.
300510.CS · Demand · Positive Won bids totaling ~252 million yuan from State Grid, China Southern Power Grid, and other entities, indicating strong product demand.
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