PN Smart Energy Limited closed its acquisition of a 56.0% equity interest in Nanjing Cesun Power Co., Ltd. on June 30, 2026, for approximately US$20.2 million. The company previously held 44.0% of the target, making it a wholly-owned subsidiary upon completion. The filing includes audited consolidated financial statements for Nanjing Cesun covering fiscal years ended September 30, 2025 and 2024, alongside unaudited pro forma condensed combined financial statements illustrating the transaction's impact. Nanjing Cesun reported revenues of $6,093,948 and a net loss of $(616,595) for the year ended September 30, 2025. PN Smart Energy Limited operates in the smart energy sector, providing integrated photovoltaic-storage-charging solutions.
