Xiamen King Long Motor Group Co Ltd

King Long Motor released its 2026 interim report, with net profit attributable to the parent company of 276 million yuan, an increase of 160 million yuan compared with the same period last year, up 137.58% year-on-year, achieving four consecutive years of growth. The company's total operating revenue was 11.085 billion yuan, up 7.34% year-on-year, achieving five consecutive years of growth. Net cash inflow from operating activities was 1.167 billion yuan, ranking second among disclosed peer companies. The company's latest asset-liability ratio was 83.82%, down 1.92 percentage points from the same period last year; gross margin was 13.10%, up 1.55 percentage points year-on-year, achieving six consecutive years of growth; ROE was 7.63%, up 3.95 percentage points year-on-year. Diluted earnings per share was 0.39 yuan, up 143.75% year-on-year.

King Long Motor released its 2026 interim report. First-half net profit attributable to the parent was 276 million yuan, up 137.6% year on year. Operating revenue was 11.08 billion yuan, up 7.3% year on year. Net profit attributable to the parent after deducting non-recurring items was 194 million yuan, up 1,472.8% year on year. Net operating cash flow was 1.167 billion yuan, down 23.2% year on year. Second-quarter operating revenue was 5.32 billion yuan, down 1.5% year on year, and net profit attributable to the parent was 126 million yuan, up 81.6% year on year. During the reporting period, the company sold 23,900 buses of all types, up 5.97% year on year, exported 17,800 buses, up 26.76% year on year, and exported 2,777 new energy buses, up 35.20% year on year.

King Long Motor announced plans to distribute a cash dividend of 0.15 yuan, tax included, for every 10 shares held by all shareholders. The total payout is expected to be 10.76 million yuan, accounting for 3.89 percent of net profit attributable to the parent company. In the first half of 2026, the company achieved revenue of 11.085 billion yuan and net profit attributable to the parent company of 276 million yuan.

King Long Motor announced that its bus sales volume in July 2026 was 3,860 units, up 13.46% year-on-year. Bus production volume in the same period was 3,571 units, down 8.53% year-on-year. In the first quarter of 2026, King Long Motor achieved revenue of 5.761 billion yuan and net profit attributable to shareholders of 150 million yuan.

King Long Motor disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be 276 million yuan, a year-on-year increase of 137.44 percent. Deducted non-recurring net profit is expected to be 205 million yuan. The company said the earnings growth was mainly due to steady growth in overseas markets, with export business revenue and its proportion rising. In addition, gains from assets entrusted to others for investment or management, government grants recognised in profit or loss for the period, and the reversal of impairment provisions for receivables tested individually for impairment decreased compared with the same period last year, also affecting performance. Based on the closing price on 14 July, King Long Motor's price-to-earnings ratio is about 12.08 times, price-to-book ratio is about 2.09 times, and price-to-sales ratio is about 0.3 times.

King Long Motor announced that in June 2026, the company's bus production reached 5,253 units, up 19.99% year-on-year. Cumulative production for the year hit 24,400 units, up 0.85%. Bus sales in June reached 4,780 units, up 11.60% year-on-year. Cumulative sales for the year reached 23,900 units, up 5.97%. In the first quarter of 2026, King Long Motor achieved revenue of 5.761 billion yuan and net profit attributable to the parent of 150 million yuan.