Chongqing Landai Powertrain Corp Ltd

Landai Technology released its 2026 interim report. The company's total operating revenue was 1.637 billion yuan, down 6.51% year-on-year. Net profit attributable to the parent company was negative 7.2237 million yuan, swinging from profit to loss compared with the same period last year, a decrease of 116 million yuan, or 106.61%. Net cash flow from operating activities was negative 44.2676 million yuan, down 198.99% year-on-year. The company's asset-liability ratio was 55.86%, gross margin was 10.73%, return on equity was negative 0.28%, and diluted earnings per share was negative 0.01 yuan. The number of shareholders was 63,200, and the top ten shareholders held 33.19% of the total share capital.

Landai Technology disclosed its earnings forecast, expecting a net loss attributable to the parent company of 7 million to 13 million yuan in the first half of 2026, compared with a profit of 109 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 27 million to 37 million yuan, compared with a profit of 89.8402 million yuan a year earlier. The company stated that its powertrain business saw revenue decline and net profit turn negative due to intense industry competition and rising raw material costs. Although the touch display business posted slight revenue growth, it was also affected by rising raw material prices and competition, leading to a decline in gross margin and a year-on-year drop in net profit.