Zhejiang XCC Group Co Ltd

Wuzhou New Year announced its 2026 interim report on August 27. During the reporting period, it achieved operating revenue of 1.534 billion yuan, down 19.03 percent year on year; net profit attributable to the parent company was 61 million yuan, down 19.10 percent year on year; and non-GAAP net profit was 56 million yuan, down 18.97 percent year on year. Leveraging its full-industry-chain advantages in bearings and precision components, the company is actively expanding into new tracks such as humanoid robots and core components for new energy vehicles. However, affected by macro environment pressure and order fluctuations from specific major customers, performance showed a simultaneous decline in revenue and profit. Among these, the thermal management segment dragged overall performance due to declining demand for air-conditioning pipe components from core major customer Changhong, while the remaining segments maintained sound development after excluding this factor. The bearing business focused on core products such as ball-ring needle roller bearings for new energy vehicle chassis transmission systems and drive motor bearings, and expanded into high-end bearings for aerospace and industrial robots. In the auto parts segment, orders for airbag gas generator components grew steadily. In new businesses, core components for brake-by-wire actuation systems have been designated by customers such as Chenzhi Technology and Luxshare Precision, with some entering mass production. Humanoid robot components such as planetary roller screws and crossed roller bearings have achieved revenue of about 20 million yuan. Although not yet profitable, this validates the company's technology reserves and customer resources. The company successfully completed refinancing, providing capital support for capacity construction in new businesses. Total assets at the end of the period were 5.916 billion yuan, up 16.23 percent from the end of the previous year.

Wuzhou New Spring disclosed its half-year report on August 27. In the first half of 2026, it achieved operating revenue of 1.534 billion yuan, down 19.03% year-on-year. Net profit attributable to shareholders of the listed company was 60.9087 million yuan, down 19.10% year-on-year. Basic earnings per share were 0.16 yuan. The company said that due to macroeconomic pressure and cyclical fluctuations in the automotive industry, overall prosperity in the bearing industry weakened somewhat, and the industry's sales scale and profitability declined to a certain extent. During the reporting period, affected by reduced demand for household air-conditioner piping components from customer Changhong, revenue in the company's thermal management segment fell back somewhat.