Wuxi Zhenhua Auto Parts Co. Ltd.

Wuxi Zhenhua released its 2026 interim report, with net profit attributable to the parent company of 205 million yuan, up 1.93% from the same period last year. Total operating revenue was 1.404 billion yuan, up 9.11% year on year, marking five consecutive years of growth. Net cash inflow from operating activities was 98.8113 million yuan, down 4.78% year on year. The company's latest asset-liability ratio was 53.92%, gross margin was 27.24%, ROE was 7.09%, and diluted earnings per share was 0.59 yuan.

Wuxi Zhenhua released its 2026 half-year report. Net profit attributable to the parent in the first half was 205 million yuan, up 1.9% year on year. Operating revenue was 1.4 billion yuan, up 9.1% year on year. Net profit attributable to the parent excluding non-recurring items was 204 million yuan, up 3.0% year on year. Net operating cash flow was 98.81 million yuan, down 4.8% year on year. In the second quarter, operating revenue was 735 million yuan, up 7.0% year on year, and net profit attributable to the parent was 104 million yuan, down 2.2% year on year. The company said revenue from sub-assembly processing grew substantially, driving a significant improvement in overall gross margin, but gross margins for automotive stamping parts and selective precision electroplating declined due to intensifying industry competition and the impact of fixed equipment being transferred to fixed assets. At the same time, the company continued to deepen cooperation with customers such as Tesla, Li Auto and Xiaomi Auto, and advanced the acquisition of a controlling stake in Deweijia Automotive Electronic Systems Wuxi Company Limited to lay out the automotive high-frequency and high-speed wiring harness business.