Zhejiang Zhaofeng Mechanical and Electronic Co Ltd

Zhaofeng Shares disclosed its 2026 semi-annual report on the evening of August 28. In the first half of the year, the company achieved operating revenue of 346 million yuan, up 0.51 percent year on year, while net profit attributable to the parent company was 14.34 million yuan, a year-on-year decline. The decline was mainly due to the high base of fair value gains from Chery Automobile's Hong Kong listing in the same period last year and fluctuations in the capital market during the current period. The company's domestic revenue performance was particularly strong, reaching 260 million yuan, up 45 percent year on year, and it has established cooperation with mainstream automakers such as Changan Automobile, Geely Automobile, and Chery Automobile. In the field of embodied intelligence, cross roller bearing products have already achieved mass delivery, multiple screw products have entered the small-batch trial production stage, and research and development investment increased 19.98 percent year on year to 25.66 million yuan. The company plans to issue convertible bonds of no more than 1.4 billion yuan to fund projects including the industrialization of high-end precision components for embodied intelligent robots and intelligent driving for automobiles. It also indirectly holds equity in robotics companies such as Leju Intelligent and Yunshenchu, with Leju Intelligent's IPO on the ChiNext board already accepted.