Chongqing Wangbian Electric(Group)Corp., (603191)
- 13.27
- -0.37-2.71%
Chongqing Wangbian Electric(Group)Corp., (603191) News
Wangbian Electric: 2026 Semi-Annual Performance Forecast
Wangbian Electric H1 Net Profit Expected to Drop by Over 60% Year-on-Year; Oriented Silicon Steel Products Show MoM Gross Margin Improvement in June | Financial Report Analysis
① Wangbian Electric expects its H1 attributable net profit to decline by 61.56%–67.05% year-on-year; ② The company disclosed that the gross margin of its grain-oriented silicon steel products showed signs of month-over-month improvement in June.
Express News | Wangbian Electric: Application for share issuance to specific investors approved by the Shanghai Stock Exchange
Wangbian Electric (603191.SH): The U.S. client for the signed contract is a data center in Texas.
Gelonghui, June 24 — Wangbian Electric (603191.SH) stated on an investor interaction platform that, as of now, the company has signed a U.S. client located in Texas for a data center project, but it is unable to disclose the specific name. The company's ultra-fast charging business segment is currently engaged in exploratory cooperation overseas, and specific financial performance will be disclosed in official announcements.
Express News | Wangbian Electric: Grain-oriented silicon steel prices continue to rise; MW-level ultra-fast charging equipment developed in collaboration with Huawei has been launched.
Pricing anchor for fixed-price private placements quietly shifts as multiple listed companies change pricing benchmark to the first day of the offering period
① In recent days, several listed companies—including Baosteel Group Xinjiang Bayi Iron & Steel Co., Ltd. (formerly *ST Baogang), Jinmei Technology, and Jifeng Technology—have revised their private placement financing plans, switching from fixed-price offerings to pricing based on the first day of the issuance period, which better reflects secondary market conditions; ② Market participants noted that with fixed-price private placements, significant stock price fluctuations between the announcement of the proposal and the actual issuance could create arbitrage opportunities, and adopting the first day of the issuance period as the pricing benchmark aligns with the market-oriented direction of refinancing.
Wangbian Electric (603191.SH) 2025 Annual Dividend Distribution: RMB 0.05 per share
Gelonghui, June 4 — Wangbian Electric (603191.SH) announced its 2025 annual profit distribution implementation notice. The cash dividend will be distributed based on the company's total share capital of 329,964,639 shares prior to the implementation of the plan, with a cash dividend of RMB 0.05 per share (inclusive of tax), amounting to a total cash dividend of RMB 16,498,232. The record date for this profit distribution is June 10, 2026, and the ex-dividend date is June 11, 2026.
Express News | The power grid equipment sector surged against the market trend, with Wangbian Electric reaching the upper limit of its price increase.
Wangbian Electric: First Quarter Report for 2026
First Quarter Report for 2026
Wangbian Electric (603191.SH) reported a net profit of 12.2868 million yuan in the first quarter, representing a year-on-year decrease of 15.24%.
According to the Q1 2026 earnings report of Wangbian Electric (603191.SH) released by Gelonghui on April 29, for January to March 2026, the company achieved operating revenue of 889 million yuan, representing a year-on-year increase of 13.03%. The net profit attributable to shareholders of the listed company was 12.2868 million yuan, marking a year-on-year decrease of 15.24%. The net profit attributable to shareholders of the listed company after excluding non-recurring gains and losses was 4.0022 million yuan, reflecting a year-on-year decline of 62.38%. The basic earnings per share were 0.04 yuan. The main reason during the period was that the grain-oriented silicon steel business was affected by market conditions, with the year-on-year decrease in unit selling price exceeding the reduction in unit cost, resulting in a decline in gross profit.
Caitong Securities: Grid investment gets off to a strong start, with DC construction accelerating further.
Power grid investment plays a counter-cyclical regulatory role, with ultra-high voltage investment remaining the current focus.
Annual Report Review of Wangbian Electric (603191): Significant Progress in High-End Power Transmission and Distribution, Silicon Steel Profitability Expected to Improve
Event: The company achieved annual operating revenue of 3.917 billion yuan, representing a year-on-year increase of 16.87%; net profit attributable to shareholders of the listed company amounted to 69.24 million yuan, up 6.26% year-on-year; net profit excluding non-recurring gains and losses was 64.79 million yuan.
Summary of the 2025 Annual Report
Annual Report 2025
Wangbian Electric (603191.SH): Net profit increased by 6.26% year-on-year in 2025, proposing a dividend of 0.5 yuan per 10 shares
Gelonghui reported on April 3 that Wangbian Electric (603191.SH) released its 2025 annual report, showing the company achieved total revenue of 3.917 billion yuan for the year, representing a year-on-year increase of 16.87%; net profit attributable to shareholders was 69.2432 million yuan, up 6.26% year-on-year; non-recurring net profit attributable to shareholders was 64.7946 million yuan, increasing by 79.38% year-on-year. A dividend of 0.5 yuan per 10 shares will be distributed to all shareholders.
Dongwu Securities: AI is pushing the United States into the ultra-high voltage era, and leading domestic private power equipment companies are expected to fully benefit from their overseas expansion.
Prices of overseas transformers continue to rise, with the delivery period for large transformers generally extending beyond three years. Leading Chinese private power equipment manufacturers, leveraging their comprehensive industrial chain advantages and product quality, have entered the high-end North American market by meeting AIDC customer demands, marking a breakthrough point for domestic enterprises expanding overseas.
Express News | Collective decline in the power grid equipment sector, with Shunna Co., Ltd. hitting the daily limit down.
Dongwu Securities: The scale of AIDC infrastructure in North America is gradually expanding, with new trends in power supply technology expected to flourish across multiple areas.
The implementation of CSP's self-power supply agreement, coupled with the higher-than-expected planning for ultra-high voltage in North America, is expected to drive multiple new trends in power supply technologies.
The U.S. power grid is set for an epic expansion, potentially benefiting Chinese grid equipment exporters with sustained orders.
①According to The Information, in the past few months, the three major regional power grid operators in the United States have successively been approved for a total of 75 billion US dollars in transmission expansion projects. ②A research report by Great Wall Securities pointed out that the delivery cycle for transformers in the United States has extended from 50 weeks to over 120 weeks. Chinese grid equipment-related enterprises are expected to continue benefiting from export orders.