Zhejiang Founder Motor Co Ltd

Fangzheng Motor released its 2026 interim report, with net profit attributable to the parent company of 24.38 million yuan, an increase of 31.57 million yuan compared with the same period last year, achieving a year-on-year turnaround from loss to profit. The company's total operating revenue was 1.72 billion yuan, up 35.77 percent year-on-year, marking three consecutive years of growth. Net cash inflow from operating activities was 38.54 million yuan, an increase of 80.47 million yuan compared with the same period last year. The company's latest asset-liability ratio was 71.89 percent, gross margin was 12.44 percent, return on equity was 1.69 percent, and diluted earnings per share was 0.05 yuan.

Founder Motor released its 2026 interim report, with net profit attributable to the parent company of 24.3765 million yuan, an increase of 31.5727 million yuan compared with the same period last year, turning losses into gains. The company's total operating revenue was 1.717 billion yuan, up 35.77 percent year on year, achieving three consecutive years of growth. Net cash inflow from operating activities was 38.5428 million yuan, an increase of 80.4659 million yuan compared with the same period last year. The company's latest asset-liability ratio was 71.89 percent, gross margin was 12.44 percent, ROE was 1.69 percent, and diluted earnings per share was 0.05 yuan.

Fangzheng Motor disclosed its 2026 semi-annual report, with net profit attributable to the parent of 24.3765 million yuan in the first half, up 438.74% year on year. During the reporting period, the company achieved total operating revenue of 1.717 billion yuan, up 35.77% year on year, and shipped 584,300 new energy drive motors, up 51% year on year, with cumulative shipments of 4.68 million units and supporting nearly 50 vehicle models. The company has established deep supporting relationships with automakers including SAIC-GM-Wuling, SAIC Motor, Xpeng, Li Auto, and Volkswagen. The first phase of the Deqing base with annual capacity of 800,000 units is fully operational, and the main construction of the second phase with annual capacity of 2.2 million units has been completed and is gradually ramping up production. Businesses such as intelligent controllers, micro and special motors, and automotive electronics provide multi-point support, among which Shanghai Haineng's revenue grew 41.24% year on year, and robot joint motors have achieved small-batch supply and entered testing applications for multiple humanoid robot projects. The company also continues to increase capital in its Vietnamese subsidiary and is advancing the implementation of a high-performance magnetic drive transmission system joint venture project with Bosch.

Fangzheng Motor's wholly owned subsidiary Shanghai Haineng has signed a joint venture agreement with Guangxi Jukong to jointly establish Guangxi Guixin Intelligent Control Technology Co., Ltd., with a registered capital of 35 million yuan. The joint venture will engage in the research, development, manufacturing, and sales of products such as engine electronic control systems and gas injection systems.

Fangzheng Motor announced that it will jointly invest 39 million yuan with Caichuang Phase I, an enterprise under its indirect controlling shareholder, Robert Bosch International Investment B.V., Bosch China Investment Ltd., and Jiangsu Bozhong Intelligent Technology Group to establish Zhejiang Lequ Technology Co., Ltd. Fangzheng Motor will contribute 11 million yuan, holding a 28.2051 percent stake. The joint venture focuses on high-performance magnetic drive transmission systems, which can bring business synergy to the company.

Fangzheng Motor disclosed its earnings forecast, expecting net profit attributable to the parent company of 17 million to 25 million yuan in the first half of 2026, compared with a loss of 7.1962 million yuan in the same period last year, achieving a turnaround. Deducted non-recurring net profit is expected to be 10 million to 15 million yuan, compared with a loss of 12.3358 million yuan a year earlier. The company said the improvement was mainly due to an increase in mass production projects from downstream customers of drive motors and growing demand for engine controller products, which drove overall revenue growth year-on-year, while gross profit margin remained roughly flat compared with the same period last year.