West Shanghai Automotive Service Co.Ltd.

West Shanghai released its 2026 half-year report, posting net profit attributable to the parent of 34.22 million yuan for the first half, swinging to a profit from a loss of 7.09 million yuan in the same period last year. Operating revenue reached 890 million yuan, up 7.2 percent year on year. Net profit attributable to the parent after deducting non-recurring items was 31.82 million yuan, compared with a loss of 3.66 million yuan a year earlier. Net operating cash flow was 82.12 million yuan, up 429.2 percent year on year. In the second quarter, operating revenue was 449 million yuan, down 2.3 percent year on year, while net profit attributable to the parent was 14.32 million yuan, up 2,422.9 percent. The company said its business structure in auto parts manufacturing and integrated logistics services continued to improve, and it increased investment in smart manufacturing to respond to the development of the new energy vehicle market.

West Shanghai disclosed its earnings forecast, expecting a net profit attributable to the parent company of 28.9 million to 35 million yuan for the first half of 2026, compared with a loss of 7.0937 million yuan in the same period last year, achieving a year-on-year turnaround. Deducted non-recurring net profit is expected to be 26.7 million to 32.3 million yuan, compared with a loss of 3.6573 million yuan a year earlier. The company said the improvement was mainly due to resource integration, disposal of loss-making and inefficient projects, and adjustment and optimization of business structure. Meanwhile, the loss provision caused by fair value fluctuations of investment funds in the same period last year will not recur, and the amortization of share-based payment expenses for the employee stock ownership plan decreased year-on-year.