Zhejiang Jiecang Linear Motion Technology Co Ltd

Jiechang Drive disclosed its 2026 semi-annual report on August 27. In the first half, it achieved total operating revenue of 2.109 billion yuan, up 5.10 percent year on year. Net profit attributable to the parent company was 229 million yuan, down 15.43 percent year on year. Net profit after deducting non-recurring items was 176 million yuan, down 30.82 percent year on year. Net cash flow from operating activities was 168 million yuan, down 52.78 percent year on year. Basic earnings per share were 0.6 yuan, and the weighted average return on equity was 4.87 percent. The company is mainly engaged in the research, development, production and sales of linear drive systems.

Jiechang Drive released its 2026 interim report on August 26. During the reporting period, the company achieved operating revenue of 2.109 billion yuan, up 5.10 percent year on year. However, net profit attributable to the parent company was 229 million yuan, down 15.43 percent year on year, and non-GAAP net profit was 176 million yuan, down 30.82 percent. The profit decline was mainly affected by increased foreign exchange losses, higher research and development investment, and raw material inventory buildup. Financial expenses swung from a net gain of 53.7 million yuan in the same period last year to a net expense of 52.91 million yuan, while research and development expenses rose 29.31 percent year on year to 152 million yuan. Overseas sales account for about 70 percent of the company's total. The first phase of its Hungary base coming online and the expansion of its Malaysia base supported revenue growth. At the same time, the company implemented a dividend plan of 3.10 yuan in cash for every 10 shares. At the industry level, the linear drive sector is in an upswing. The company is positioning itself in the robot actuator business by launching products such as internal cable routing lifting columns and frameless torque motors, but it faces risks from US tariff policies and exchange rate fluctuations.