SHE:300207

Sunwoda Electronic Cancels Repurchased Shares

Sunwoda Electronic (SHE:300207) canceled 729,500 shares three years after their repurchase, according to a Thursday filing with the Shenzhen bourse.The shares have not been used for equity incentives or employee stock ownership, the company said.The share reduction will also entail a decrease in share capital to about 1.85 billion yuan.

China's Battery Industry Introduces Supplier Payment Rules

The China Automotive Battery Innovation Alliance and the Zhongguancun Energy Storage Industry Technology Alliance on Monday jointly issued an initiative to standardize payment practices for power and energy storage battery suppliers.The initiative calls for materials and components to be accepted within seven working days where conditions are met, with payment terms calculated from the delivery or acceptance date, according to a statement published Monday on Shanghai Metals Market.CATL, CALB, and Sunwoda-all alliance members-committed to paying their suppliers for materials and parts within 60 days, The Standard reported Monday.China's Ministry of Industry and Information Technology backed the move and said 11 battery makers have responded to the initiative, according to state media Xinhua News.The ministry said it will coordinate across departments to address implementation issues swiftly, while promoting fair partnerships throughout the battery supply chain to keep the industry on a healthy, sustainable track.

Jefferies Downgrades Sunwoda Electronic to Hold from Buy, Adjusts Price Target to 25 Yuan from 29 Yuan

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

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.

Sunwoda Electronic's 2025 Profit Slumps 28%, Revenue Up 13%; Shares Down 4%

Sunwoda Electronic's (SHE:300207) attributable profit plunged 28% to 1.06 billion yuan in 2025 from 1.47 billion yuan a year earlier, according to a Shenzhen Stock Exchange filing on Friday.Earnings per share slipped to 0.57 yuan from 0.79 yuan a year prior.Revenue, however, surged 13% to 63.2 billion yuan from 56 billion yuan.Shares of the lithium-ion battery manufacturer fell over 4% in recent trade.