en.Wedoany.com Reported - On May 27, Sunwoda Electronic Co., Ltd. (hereinafter referred to as "Sunwoda") announced that its subsidiary, Sunwoda Mobility Energy Technology Co., Ltd. (hereinafter referred to as "Sunwoda Mobility"), plans to increase its capital and expand its shares. It will introduce 13 investment enterprises, including Gongrong Jintou No. 2 (Beijing) Emerging Industry Equity Investment Fund Partnership (Limited Partnership), with a total capital contribution of 1.68 billion yuan. These investors will subscribe to 887 million yuan of newly increased registered capital in Sunwoda Mobility, corresponding to a total of 6.30% of the company's shares upon completion of this capital increase.
According to the announcement, the 13 investors introduced in this round of capital increase have diverse backgrounds, covering state-owned capital, industrial capital, and professional investment institutions. Upon completion of the capital increase, Sunwoda Mobility's registered capital will increase from 13.203 billion yuan to 14.09 billion yuan, and the shareholding ratio of its main backer, Sunwoda Huizhou New Energy Co., Ltd., will change from 29% to 27.18%. Considering that Sunwoda has control over the operation and management activities of Sunwoda Mobility, Sunwoda Mobility will remain within Sunwoda's consolidated financial statements.
It is noteworthy that before this round of capital increase and share expansion, the total equity value of Sunwoda Mobility was determined to be 25 billion yuan, a decrease of approximately 11.4 billion yuan from the previous round's valuation of 36.4 billion yuan. In response, Sunwoda stated that the decline in valuation for this financing round was mainly due to the impact of capital market conditions and the subsidiary's operating situation.
"In recent years, the subsidiary Sunwoda Mobility has still been in a period of strategic investment, with large-scale production capacity ramp-up and R&D investment, leading to its continued loss-making state. Affected by the financing environment in the capital market, under the dual pressure of significant capital expenditure and not yet achieving profitability, Sunwoda Mobility's valuation has been negatively impacted," Sunwoda pointed out.
Public information shows that Sunwoda Mobility was established in 2014, focusing on the R&D, production, and sales of power batteries. In 2025, its revenue was 20.093 billion yuan, with a net loss of 3.169 billion yuan; in the first quarter of 2026, its revenue was 6.125 billion yuan, with a net profit of 13.0452 million yuan.
Sunwoda stated that Sunwoda Mobility is currently in a critical stage of global expansion. This round of financing is of significant strategic importance for supporting its R&D investment, production capacity construction, and market expansion, and is an important measure to consolidate its market competitive position.
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