Saijing Technology (00580) Fa Ying Guang expects shareholders to account for losses of nearly 30 million yuan in the first half of the year

According to Zhitong Finance App News, Saijing Technology (00580) announced that the Group expects to obtain revenue of about RMB 1,268 billion in the six months ending June 30, 2026, an increase of about 42.7% over the six months ending June 30, 2025, mainly due to the Group's concentrated delivery of Gansu-Zhejiang flexible DC transmission project products, including DC support capacitors and an online monitoring system for DC support capacitors; however, it is expected to obtain a loss of nearly RMB 30 million from the parent company owners, and the six months ending June 30, 2025 Profit attributable to company owners is approximately RMB 94 million.

This expected loss is mainly due to (a) the decline in the Swiss franc exchange rate, resulting in a net fair value loss of about RMB 59 million for foreign exchange forward contracts, and a net fair value gain of about RMB 60 million for the six months ending June 30, 2025. Foreign exchange forward contracts are signed by the Group to reduce the exchange risk of foreign currency purchases. Foreign exchange forward contracts lost fair value during the reporting period, but the procurement costs covered by the contract will decrease; (b) the Swiss franc exchange rate declined, leading to a decrease of about RMB 25 million in exchange earnings over the six months ending June 30, 2025; (c) continued to increase R&D investment in new products, which increased R&D expenses by about RMB 22 million over the six months ended June 30, 2025; (d) government subsidies for self-developed power semiconductor projects expired. As a result, government subsidies were reduced by about RMB 16 million over the six months ending June 30, 2025.