Shanghai Highly Group Co Ltd A

Highly Electric released its 2026 interim report. The company's total operating revenue was 12.428 billion yuan, up 0.01% year-on-year, and net profit attributable to the parent company was 164 million yuan, up 390.69% year-on-year. Net cash inflow from operating activities was 568 million yuan, the asset-liability ratio was 66.81%, gross margin was 13.14%, return on equity was 2.64%, and diluted earnings per share was 0.15 yuan. The company had 128,900 shareholders, and the top ten shareholders held 32.95% of the total share capital.

Highly Electric released its 2026 semi-annual report on the evening of August 30. In the first half, the company achieved operating revenue of 12.428 billion yuan, roughly flat year on year. Net profit attributable to the parent company was 164 million yuan, up 390.69% year on year. Net profit attributable to the parent company after deducting non-recurring items was 148 million yuan, up 552.30% year on year. The company adheres to a dual-core, dual-drive strategy focused on heating and cooling related businesses and auto parts. In the heating and cooling core business, sales of rotary compressors reached 34.86 million units, basically flat year on year. Sales of compressors for non-residential air conditioning rose 45.9% year on year, and sales in the heat pump dryer segment grew 60% year on year. In the auto parts core business, Highly Marelli turned from loss to profit year on year, with gross margin up 4.60 percentage points. It also secured new project nominations or mass production for multiple models from customers including Geely, Nissan, Renault, and BYD.