On the evening of October 18, Sensata Technologies Holding N.V. announced that the company received a letter dated October 16 from its controlling shareholder, Karamay City Construction Investment Development Co., Ltd. ("Karamay Cheng Investment"), regarding a gift of cash assets.
To support the company's business development, optimize its asset-liability structure, and strengthen its capital base, Karamay Cheng Investment plans to gift the company RMB 60 million in cash free of charge.
After the market opened on October 19, Sensata Technologies Holding N.V. quickly hit the daily limit-up. As of press time, Sensata Technologies Holding N.V. was firmly sealed at the limit-up price of RMB 5.53 per share.
On October 16, the board of directors of Sensata Technologies Holding N.V. reviewed and approved the "Proposal on Accepting the Controlling Shareholder's Gift of Cash Assets and Related-Party Transaction," with all 6 directors entitled to vote casting affirmative votes, while 3 related-party directors recused themselves from voting.
This gift falls under the category of "a transaction in which the listed company unilaterally obtains benefits without paying consideration and without any attached obligations." Sensata Technologies Holding N.V. has applied to the Shenzhen Stock Exchange for an exemption from submitting the matter to the shareholders' meeting for review; this related-party transaction also does not constitute a major asset restructuring or restructuring listing, and does not require approval from relevant authorities.
The actual controller of Karamay Cheng Investment is the State-owned Assets Supervision and Administration Commission of Karamay City. As of December 31, 2025, its operating revenue was RMB 16.6 billion, with a net profit of RMB 143 million; as of June 30, 2026, its net assets were RMB 25.772 billion.
As of now, Karamay Cheng Investment directly holds an 18% stake in Sensata Technologies Holding N.V., and has accepted the entrustment of voting rights corresponding to 11.9999% of the company's shares held by Huzhou Yanrun Investment Management Partnership (Limited Partnership), giving it a total of 29.9999% of the company's voting rights. It is the controlling shareholder of the company.
Karamay Cheng Investment's splurge of RMB 60 million is likely aimed at "filling the hole" for Sensata Technologies Holding N.V.. From a financial perspective, Sensata Technologies Holding N.V.'s cash flow is relatively tight. According to the company's 2026 semi-annual report, the net cash flow from operating activities in the first half of the year was -RMB 64.961 million.
Regarding the controlling shareholder's gift of cash, Sensata Technologies Holding N.V. stated bluntly that the controlling shareholder's free gift of cash assets fully demonstrates its strong support for the company, which is conducive to promoting the company's sustainable development and improving its overall financial condition.
Public information shows that Sensata Technologies Holding N.V. is a professional enterprise providing oilfield dynamic monitoring and enhanced oil recovery technical services to oil and natural gas extraction companies. Facing multiple pressures such as intensifying industry competition, rising operating costs, and shortages of working capital, Sensata Technologies Holding N.V.'s performance in recent years has been less than ideal.
Financial data shows that from 2023 to 2025, Sensata Technologies Holding N.V. achieved operating revenues of RMB 272 million, RMB 342 million, and RMB 297 million, respectively; during the same period, it achieved net profits of -RMB 18.58 million, -RMB 15.74 million, and -RMB 40.3 million, respectively, with cumulative losses of RMB 74.62 million over the past three years.
Since 2026, the company's operating conditions have not improved. According to disclosures, the company achieved operating revenue of RMB 157 million in the first half of the year, a year-on-year increase of 28.85%; it achieved a net profit of -RMB 18.6896 million.
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