According to the Zhitong Finance App, Shell Electric (02381) announced that the Group expects to obtain losses attributable to the Company's owners of about HK$2 million to HK$5 million in the six months ending June 30, 2026, and profit of about HK$12.896 million for the six months ending June 30, 2025.

The Board believes that the shift from profit to loss was mainly due to a significant drop in gross profit. The significant decline in gross profit was mainly due to the adverse effects of the conflict between the US and Iran, which led to the suspension of sales of the Group in the Middle East market and driving up the cost of various raw materials purchased by the Group; delays in shipment of several new products due to product design updates delayed delivery and revenue recognition of related products until the second half of the year; and weakening market demand due to the challenging economic environment, leading to a decrease in customer orders.

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