Boer Power Holdings Limited reported that revenue for the six months ended 30 June 2026 rose 26.5% year-on-year to RMB392.04 million, supported by broad-based gains across its two operating segments.

Intelligent Electrical Management (“IEM”) Solutions remained the core contributor, generating RMB304.70 million or 77.7% of group revenue, an increase of 27.0% from the prior-year period. Components and Spare Parts (“CSP”) Business delivered RMB87.35 million, up 24.9% and representing 22.3% of total revenue.

Group gross profit advanced 25.6% to RMB113.29 million with a gross margin of 28.9% (H1 2025: 29.1%). IEM Solutions recorded a gross margin of 30.4%, essentially flat, while CSP Business posted a margin of 23.5%.

Operating profit improved 47.9% to RMB27.30 million. Profit before tax increased 84.8% to RMB17.99 million, and net profit attributable to shareholders climbed 44.4% to RMB11.25 million. Finance costs grew to RMB9.31 million, reflecting higher average borrowings.

Selling and distribution expenses represented 10.4% of revenue versus 12.6% a year earlier, while administrative and other operating expenses equalled 14.2% of revenue, down from 16.7% despite a larger R&D spend. Other income and gains fell to RMB13.51 million, mainly because of lower interest income.

The balance sheet showed total assets of RMB1.56 billion and total liabilities of RMB1.27 billion at 30 June 2026. Cash and cash equivalents stood at RMB77.95 million and pledged deposits at RMB419.49 million. Borrowings increased to RMB285.78 million, lifting the gearing ratio to 98.0% (31 December 2025: 72.8%). Net current assets were RMB79.43 million.

Net cash used in operating activities was RMB132.68 million versus RMB169.44 million in H1 2025, reflecting tighter working-capital control. Capital expenditures reached RMB8.25 million, mainly for property, plant and equipment and intangible assets.

The board did not recommend an interim dividend. During the period the company paid a final and special dividend totalling RMB7.11 million for FY 2025.

Boer Power reiterated its focus on expanding IEM Solutions in data-center, industrial, public-infrastructure and overseas markets while stepping up R&D on its in-house “Cloud Smart” big-data platform and “B iPower” integrated intelligent-power products.