Liaoning SG Automotive Group Co Ltd

Shuguang Shares released its 2026 interim report, with total operating revenue of 506 million yuan, down 41.60% year-on-year, and net profit attributable to the parent company of minus 127 million yuan. Net cash inflow from operating activities was minus 41.5661 million yuan, down 338.32% year-on-year. The asset-liability ratio was 70.96%, gross margin was 1.69%, ROE was minus 14.46%, and diluted earnings per share was minus 0.19 yuan. The number of shareholders was 37,100, and the top ten shareholders held 20.35% of the total share capital.

Shuguang Auto released its 2026 half-year report. First-half operating revenue was 506 million yuan, down 41.6% year on year. Net loss attributable to the parent was 127 million yuan, narrowing from a loss of 145 million yuan in the same period last year. Second-quarter revenue was 287 million yuan, down 43.0% year on year, with a net loss attributable to the parent of 66.79 million yuan, smaller than the loss of 72.46 million yuan a year earlier. In the first half, the company sold 520 complete vehicles, down 28.37% year on year, and sold 436,700 axle units, down 37.92% year on year, mainly due to intensifying market competition and the impact of overseas geopolitical conflicts on order execution. The company has taken steps to develop markets in the Middle East and Africa, and has secured bus orders from Colombia and Sri Lanka. Export revenue from axle components was 22.98 million yuan, up 5.7% year on year.

Shuguang Shares issued an announcement, expecting a net loss attributable to shareholders of the listed company of 120 million to 140 million yuan in the first half of 2026, compared with a loss of 145 million yuan in the same period last year. The company said the main reason for the loss is that vehicle production and sales fell short of expectations, and capacity utilization was insufficient, resulting in existing product gross profit being unable to cover fixed costs and expenses.

Shuguang Shares announced that in June 2026, the company's total vehicle output was 42 units, down 88.86% year-on-year, with cumulative output this year reaching 832 units, down 13.69% year-on-year. June vehicle sales were 93 units, up 12.05% year-on-year, with cumulative sales this year at 520 units, down 28.37% year-on-year. Over the same period, axle output was 82,600 units, down 15.91% year-on-year, with cumulative output this year at 403,000 units, down 39.54% year-on-year. Axle sales were 92,100 units, down 14.75% year-on-year, with cumulative sales this year at 437,000 units, down 37.92% year-on-year. In the first quarter of 2026, the company achieved revenue of 219 million yuan, with a net loss attributable to the parent company of 60.23 million yuan.