Ningbo Zhenyu Technology Co. Ltd.

Zhenyu Technology released its 2026 interim report on August 26. During the reporting period, it achieved operating revenue of 6.394 billion yuan, up 58.01 percent year on year. Net profit attributable to the parent company was 423 million yuan, up 100.30 percent year on year. Non-GAAP net profit was 412 million yuan, up 108.37 percent year on year. Precision structural components remained the core revenue source, generating 5.089 billion yuan, accounting for nearly 80 percent of total revenue and rising 59.05 percent year on year, with a gross margin of 15.02 percent. This was mainly driven by surging demand for new energy vehicle drive motor cores and lithium battery precision structural parts. The company has deeply tied itself to leading automakers such as BYD, Xiaomi, and Li Auto, as well as lithium battery leaders including CATL and EVE Energy. However, net cash flow from operating activities was 59.1663 million yuan, down 66.07 percent year on year, mainly due to changes in customer payment methods and account periods. Accounts receivable reached 5.176 billion yuan at the end of the period, accounting for 33.58 percent of total assets, creating capital occupation pressure. In addition, humanoid robot related products have entered the verification or small batch supply stage and are expected to become a second growth curve.

Zhenyu Technology released its semi-annual report for 2026, achieving operating revenue of 6.394 billion yuan, up 58.01% year on year; net profit attributable to shareholders of the listed company was 423 million yuan, up 100.3% year on year. Among this, second-quarter net profit was 142 million yuan, within the previously forecast range of 138 million to 178 million yuan, while first-quarter net profit was 282 million yuan. Based on this calculation, second-quarter net profit fell 49% quarter on quarter.

Zhenyu Technology announced that its board of directors has approved a plan to issue convertible bonds to unspecified investors, raising a total of 1.88 billion yuan, with 18.8 million bonds issued and a term of six years. The proceeds are intended for a lithium battery precision structural components expansion project with 752 million yuan, a humanoid robot precision modules and components industrialization project with 282 million yuan, a motor core expansion project with 282 million yuan, and 564 million yuan to supplement working capital.

Zhenyu Technology's application to issue convertible corporate bonds to non-specific investors has received registration approval from the China Securities Regulatory Commission. The company announced on August 7 that it recently received the approval document from the CSRC, granting consent for its registration application to issue convertible bonds to non-specific investors.

Zhenyu Technology issued a performance forecast, estimating net profit attributable to shareholders of the listed company for the first half of this year at 420 million to 460 million yuan, a year-on-year increase of 98.72 percent to 117.65 percent. The company said that high demand for energy storage, combined with the release of new production capacity for motor cores, is the core driver of the significant profit growth. Downstream lithium battery, especially energy storage battery, market demand continued to grow rapidly, boosting main business revenue. Based on first-quarter net profit attributable to shareholders of about 282 million yuan, second-quarter net profit is estimated at 138 million to 178 million yuan, a quarter-on-quarter decline of 36.88 percent to 51.06 percent. The company also disclosed plans to issue convertible bonds to raise up to 1.88 billion yuan for projects including expansion of precision structural parts for lithium batteries, industrialization of precision modules and components for humanoid robots, and expansion of motor core production.

Zhenyu Technology issued a first-half performance pre-increase announcement, expecting net profit of 420 million to 460 million yuan, a year-on-year increase of 98.72% to 117.65%. According to statistics from Securities Times Data Treasure, the stock closed at 95.23 yuan today, down 4.10%, with a daily turnover rate of 5.28%, trading volume of 892 million yuan, and a decline of 16.46% over the past five days. In terms of capital flows, the stock saw a net outflow of 10.2961 million yuan in main funds today, and a net outflow of 77.8058 million yuan over the past five days. The latest margin trading balance was 1.364 billion yuan, of which the margin balance was 1.363 billion yuan, down 3.51% from the previous trading day, with the margin balance falling a cumulative 9.40% over the past five days.