17 August 2026 | 3:07PM CST Equity Research Sieyuan Electric (002028.SZ): 2Q26 results: 35% yoy growth in advances from customers implying strong revenue visibility Sieyuan announced 1H26 results that are in line with its pre-announcement (see link). Gross margin came in at 31.6%, recovering 2.6pp qoq (above our expectations), while EBIT came in at 19.8%, also beating our previous estimate of 17.2% due to stringent SG&A expense control. We reiterate our Buy rating, as we view the lower-than-expected 2Q26 re ...