Shenzhen Sed Industry Co., Ltd.

Shenzhen Sed Industry is the listed core enterprise of China Electronics Corporation (CEC) in the network-information sector. It runs four main businesses: cloud computing and storage, data innovation, digital government and industry digitalisation services, and high-tech industrial engineering services, grouped into a digital-and-information-services segment and an industrial-services segment. Its subsidiaries operate the China Electronics Cloud brand and engineering cleanrooms for semiconductor and display fabs. Revenue in the 2026 interim period was RMB 24.26 billion, up 3.5% year on year, with a net loss attributable to shareholders of RMB 208 million; 2025 full-year revenue was RMB 49.17 billion, down 27.0%, with a net loss of RMB 127 million. Gross margin is thin because engineering services dominate the revenue mix — 7.6% in the 2026 interim period — and the debt-to-asset ratio stood at 82.2%. Headcount is roughly 18,400.

• 01Listed core enterprise of China Electronics Corporation (CEC) in the network-information sector.
• 022026 interim: revenue RMB 24.26bn (+3.5% YoY), net loss RMB 208m attributable to shareholders.
• 032025 full year: revenue RMB 49.17bn (-27.0% YoY), net loss RMB 127m.
• 04Debt-to-asset ratio at 82.2% as of the 2026 interim report.

1. Oct 28, 1993

   IPO

   CNY 0.88 亿

   Source

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