EnergyTrend learned that on August 5, Sieyuan Electric issued an announcement stating its plan to use its own funds to increase the capital of its wholly-owned subsidiary, Jiangsu Sieyuan New Energy Technology Co., Ltd., by RMB 400 million.

According to the announcement, the previous registered capital of Jiangsu Sieyuan New Energy was RMB 200 million. After the completion of this capital increase, the registered capital will increase to RMB 600 million. Upon completion, the company will remain a 100% wholly-owned subsidiary of Sieyuan Electric, and the relevant funds are expected to be fully paid in before August 31, 2026.

Audited figures show that as of December 31, 2025, Jiangsu Sieyuan New Energy had total assets of RMB 561.4764 million, total liabilities of RMB 401.7577 million, and net assets of RMB 159.7187 million; for the full year of 2025, its revenue was RMB 9.8786 million, with a net loss of RMB 26.8498 million.

Unaudited data shows that as of June 30, 2026, Jiangsu Sieyuan New Energy had total assets of RMB 630.5690 million, total liabilities of RMB 478.6567 million, and net assets of RMB 151.9123 million; in the first half of 2026, it realized a revenue of RMB 14.1487 million, with a net loss of RMB 7.8064 million.

The announcement pointed out that this investment is conducive to further strengthening the company's production capacity and is in line with the company's development strategy and overall interests. Regarding the purpose of the capital increase, the announcement disclosed that this capital increase aims to improve the production capacity and quality level of supercapacitors, which will help further expand the production and delivery capabilities of the company's supercapacitor business, open up new markets, and expand its market share.

Sieyuan Electric also noted that the funds for this investment come from the company's own funds, and it is not expected to have a material impact on the company's financial condition and operating results for the current year. This investment does not constitute a related-party transaction, nor does it constitute a major asset restructuring as stipulated in the Administrative Measures for the Major Asset Restructuring of Listed Companies. In addition, this investment may be affected by factors such as policy changes and market competition, resulting in uncertainty in returns.

Source：EnergyTrend