Bomin Electronics Co Ltd

Bomin Electronics announced on October 9 that its controlling shareholders and actual controllers, the married couple Xu Huan and Xie Xiaomei, reduced their combined holdings by 19.48 million shares, cashing out 322 million yuan. Of this, Xu Huan reduced his holdings by 13.03 million shares through block trades, accounting for 2.02% of the company's total share capital, with a reduction amount of 214 million yuan; Xie Xiaomei reduced her holdings by 6.45 million shares through centralized bidding, accounting for 1% of the company's total share capital, with a reduction amount of 108 million yuan. Xu Huan and Xie Xiaomei are spouses, and both are controlling shareholders and actual controllers of Bomin Electronics. In the first half of 2026, Bomin Electronics achieved revenue of 1.864 billion yuan, with a net loss attributable to the parent company of 51.29 million yuan.

Bomin Electronics released its 2026 interim report, with net profit attributable to the parent company at negative 51.29 million yuan, swinging from profit to loss and down 89.18 million yuan from the same period last year, a year-on-year decline of 235.35%. The company's total operating revenue was 1.864 billion yuan, and net cash inflow from operating activities was 49.22 million yuan, down 72.09% year-on-year. The latest asset-liability ratio was 61.03%, gross margin was 15.84%, ROE was negative 1.20%, and diluted earnings per share was negative 0.08 yuan.

Bomin Electronics issued an announcement, expecting a loss of 42 million to 56 million yuan for the first half of 2026, turning from a profit in the same period last year. Excluding non-recurring items, the loss is between 57 million and 70 million yuan. The main reasons for the loss include the new-generation electronic information industry investment and expansion project still being in the production ramp-up phase, leading to higher unit product costs; a significant rise in upstream material prices, with a time lag in passing product price increases to downstream customers, suppressing gross margins; and a year-on-year increase in financial expenses, mainly due to additional financing and early material procurement to accelerate project construction.