Xuchang Yuandong Drive Shaft Co Ltd

Far East Transmission released its 2026 interim report. First-half net profit attributable to the parent reached 101 million yuan, up 83.8% year on year. Operating revenue was 905 million yuan, up 25.9% year on year. Net profit attributable to the parent after deducting non-recurring items was 82.9 million yuan, up 102.9% year on year. Net operating cash flow was 110 million yuan, up 710.1% year on year. Second-quarter operating revenue was 502 million yuan, up 31.6% year on year, and net profit attributable to the parent was 55.5 million yuan, up 111.0% year on year. The company mainly engages in the research, development, production and sales of non-constant velocity drive shafts, constant velocity drive shafts and related components, and its market share in the drive shaft industry remains firmly in first place.

Far East Transmission issued an announcement, expecting net profit attributable to the parent for the first half of 2026 to be between 95 million and 115 million yuan, an increase of 73.69% to 110.25% compared with the same period last year. Net profit after deducting non-recurring items is expected to be between 77 million and 97 million yuan, up 88.44% to 137.39% year-on-year. The profit growth is mainly due to a recovery in industry prosperity, simultaneous expansion of domestic and overseas market demand, and improved operational efficiency within the company. In the first half of the year, the domestic commercial vehicle, heavy truck, and construction machinery markets continued to recover, with a significant increase in demand for drive shaft assemblies. The company also enhanced its competitiveness by optimizing its product mix and expanding into overseas markets. In the first quarter of 2026, the company achieved revenue of 403 million yuan and net profit attributable to the parent of 45.02 million yuan.