FilingReader Intelligence

Moons' Electric reports revenue decline amid production relocation

July 23, 2025 at 09:31 AM UTC•By FilingReader AI

Shanghai Moons' Electric reported revenue declines in 2023 and 2024, attributed to production base relocation and new project underperformance. The company moved its Shanghai production to Taicang and is building new facilities in Vietnam to boost capacity and mitigate trade risks.

Overseas operations saw increased gross profit margins from 2022 to 2024, outperforming domestic margins due to product mix and market factors. The company's goodwill impairment test shows no impairment for subsidiaries Lin Engineering, AMP, and Technosoft Motion AG.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

The response of the annual audit accounting firm to the inquiry letter from the Shanghai Stock Exchange regarding the company's 2024 annual reportJuly 23, 2025 at 08:00 AM UTC

Supplementary Source Documents

Announcement regarding the reply to the Shanghai Stock Exchange's regulatory inquiry letter concerning the information disclosure of the company's 2024 annual reportJuly 23, 2025 at 08:00 AM UTC

Shanghai Moons' Electric

SSE:603728•Shanghai Stock Exchange

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