NE Electric (00042) has announced its interim results for the six months ended June 30, 2026. The group recorded revenue of RMB 111 million, representing a year-on-year increase of 43.3%. The net loss attributable to shareholders of the company stood at RMB 2.0372 million, widening by 60.49% compared with the same period last year, with a basic loss per share of RMB 0.002.

During the reporting period, the company remained focused on its core business of power transmission and transformation equipment. It pursued a strategy of innovation-driven growth, market penetration, and quality and efficiency enhancement. The company precisely seized emerging market opportunities, including smart grid upgrades, new energy grid-connection supporting infrastructure, and power supply renovation projects. It continued to optimize its product mix, iterate production processes, and strengthen quality control and delivery assurance, steadily advancing the high-quality development of its main operations.

Benefiting from expanded industry demand and effective market development, the busbar business recorded new orders of RMB 145 million in the first half of 2026. The scale of project contracting and delivery improved steadily, reinforcing the resilience of the company's core operations.