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Sunwoda Electronic's Q1 Profit Plunges 70%; Shares Down 4%

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Sunwoda Electronic's (SHE:300207) attributable profit plummeted 70% in the first quarter of 2026 to 114 million yuan from 386.3 million yuan a year earlier, according to a Shenzhen Stock Exchange filing on Friday.

Earnings per share slipped to 0.06 yuan from 0.21 yuan a year prior.

Revenue, however, surged 31% to 16.1 billion yuan from 12.3 billion yuan, which the lithium-ion battery manufacturer attributed to increased demand for batteries in the electric vehicle sector.

Shares of the company fell over 4% in recent trade.

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