On July 9, Sun.King Technology issued a profit alert, announcing that the Group expects to record revenue of approximately RMB 880 million for the reporting period, representing a year-on-year increase of around 34% compared to the same period in 2024.

This growth is mainly attributable to the successive delivery of products for three major ultra-high voltage direct current (UHVDC) transmission projects — the 500kV flexible DC converter station project in central-southern Saudi Arabia, the ±800kV UHVDC transmission project from Gansu to Zhejiang, and the ±800kV UHVDC transmission project from northern Shaanxi to Anhui — as well as the distributed power flow controller projects in Peru and Chile. In addition, there was a revenue increase from the Group's self-manufactured Insulated Gate Bipolar Transistors (IGBTs).

The Group also expects to record a net profit attributable to owners of the parent company of approximately RMB 90 million during the reporting period, representing a year-on-year increase of about 167% compared to the same period in 2024. This significant growth is primarily due to the substantial gains from forward foreign exchange contracts during the period. These contracts were entered into to mitigate foreign exchange risks associated with the procurement of materials in foreign currencies.