Earnings ·
PN Smart Energy reported a net loss of $7,135,474 for the six months ended March 31, 2026, compared to a net income of…
PNPN Smart Energy Ltd
PN Smart Energy reported a net loss of $7,135,474 for the six months ended March 31, 2026, compared to a net income of $391,967 in the prior year period. Revenue increased 5.47% to $25,499,136, driven by a 5.05% rise in solar PV product sales and $1.4 million from newly launched logistics and power station operations. The loss was primarily attributable to a $5,594,106 non-cash share-based compensation charge; adjusted net loss excluding this item was $1,541,368. Gross margin contracted to 11.60% from 15.32% due to intense industry competition and rising copper prices. The company increased its equity interest in Nanjing Cesun Power Co., Ltd. to 44%, securing a five-year profit guarantee of at least $10,000,000. Additionally, the company effected a reverse stock split with an exchange ratio of one new share for every twenty old shares on April 13, 2026. PN Smart Energy Ltd. operates in the renewable energy and high-performance computing sectors, principally manufacturing solar PV products like cables and connectors while also providing HPC server solutions.