Zhejiang Fenglong Electric Co Ltd Class A

Fenglong Shares released its 2026 interim report, with net profit attributable to the parent company at negative 2.0151 million yuan, swinging from profit to loss. The company's total operating revenue was 267 million yuan, up 6.48 percent year on year, marking a third consecutive year of growth. Net cash inflow from operating activities was 161,600 yuan, down 98.71 percent year on year. The company's latest asset-liability ratio was 12.45 percent, gross margin was 18.35 percent, and return on equity was negative 0.20 percent.

Fenglong Shares disclosed its semi-annual report, achieving total operating revenue of 267 million yuan in the first half of 2026, up 6.48 percent year-on-year, but net profit attributable to shareholders of the listed company swung from a profit of 15.3141 million yuan in the same period last year to a loss of 2.0151 million yuan. The company said that affected by fluctuations in the US dollar and euro exchange rates, exchange losses increased significantly year-on-year during the reporting period; prices of bulk raw materials led by aluminum ingots continued to rise, and gross margins of related products declined somewhat; and the plant and production lines of subsidiary Dushang Precision Machinery Jiaxing Company were transferred to fixed assets, with depreciation amounts rising during the reporting period, further increasing related costs and expenses.