Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. Class ASZSE: 300316

Zhejiang Jingsheng Mechanical & Electrical: Revenue up 20.71% to ¥10.15B, net profit down 4.97%, strong equipment/materials growth

· Issued by Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. Class A

H1 2024 revenue rose 20.71% to ¥10.15B, with net profit at ¥2.10B (-4.97% YoY) and adjusted net profit up 1.02%. Equipment and materials segments grew, but cash flow declined sharply. The company advanced in semiconductor and PV equipment, with ongoing risks from industry cycles and competition.

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