Kunshan Huguang Auto Harness Co Ltd

Huguang Shares released its 2026 interim report. Total operating revenue was 3.525 billion yuan, down 2.88% year on year. Net profit attributable to the parent company was 53.6184 million yuan, down 80.60% from the same period last year. Net cash flow from operating activities was 18.9992 million yuan, down 89.75% year on year. The company's asset-liability ratio was 60.89%, gross margin was 11.53%, return on equity was 1.60%, and diluted earnings per share was 0.12 yuan. The number of shareholders was 18,500, and the top ten shareholders held 75.37% of the shares.

Huguang Shares disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 52 million yuan and 59 million yuan, a year-on-year decline of 78.66% to 81.19%. Deducted non-recurring net profit is expected to be between 32 million yuan and 40 million yuan, down 85.1% to 88.08% year-on-year. The company focuses on the research, development, production, and sales of high- and low-voltage automotive wiring harnesses. The decline in performance is mainly due to intensified industry competition and pressure on product selling prices, while rising prices of raw materials such as copper have pushed up costs, along with the company's continued increase in talent recruitment, research and development investment, and early-stage layout in overseas markets.