26, Zerun Xinneng announced that. The company intends to extend the time for the "photovoltaic module general and intelligent junction box expansion project" and "R & D center construction project" to reach the expected usable state from October 31 , 2026 to June 30 , 2027.
As for the reasons for the delay, Zerun Xinneng explained that the company actively promoted the project construction after the fund was raised, but the overall construction progress was delayed due to the adjustment of the project implementation site in August 2025. At the same time, considering the deepening design of the interior decoration of the project building, the acceptance cycle of the project, and the objective factors of the overall photovoltaic market and the external environment, the company decided to postpone the time for the project to reach the expected usable state.
It is understood that the total investment of the photovoltaic module general and intelligent junction box expansion project is 30361 0.39 million yuan , of which the amount of investment to be raised is 24217 0.13 million yuan. The construction site of the project is located at the north side of Zhengsheng Road and the east side of Zhili Road, Zhixi Town, Jintan District, Changzhou City. After the completion of the construction, the company will have an annual production capacity of 35 million sets of general junction box products and 1 million sets of intelligent junction box products. The total investment of the
R & D center construction project is 11137 0.79 million yuan , of which 90 million yuan is to be invested with the raised funds.
On the same day, Zerun Xinneng also released its semi-annual report for 2026. During the reporting period, the company realized revenue of 405 million yuan, a year-on-year decrease of 9.83% ; realized net profit attributable to parent company of 8.7381 million yuan, a year-on-year decrease of 84.62% ; The net profit deducted from non-profits was 4.1912 million yuan, down 91.75% year on year.
For performance changes , Zerun Xinneng said that in the first half of 2026, China's new photovoltaic installed capacity fell by about 66% year-on-year, and the output of the main industrial chain declined in an all-round way. As a result, the demand for the Company's traditional advantageous product junction box shrank, the price competition in the industry was fierce, and the gross profit margin was under pressure (during the reporting period, the gross profit margin of the photovoltaic module junction box business was only 12.02%, representing a year-on-year decrease of 7.23%). At the same time, the base of the new energy business actively expanded was still small, which could not fully compensate for the substantial reduction in the main photovoltaic business, resulting in a significant decline in the overall profit. According to
the official website, Zerun Xinneng is a high-tech enterprise focusing on new energy electrical connection, protection and intelligent technology, providing integrated solutions for photovoltaic module junction boxes. At present, the company is headquartered in Changzhou , Jiangsu Province, and has established production bases in Thailand, Hubei and the United States .
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