Wuxi Autowell Technology Co Ltd

Aotewei released its 2026 interim report. Affected by capacity clearance in the photovoltaic industry and a slowdown in downstream expansion, the company's revenue and profit both declined, but its order backlog continued to grow, and it introduced an interim cash dividend plan. During the reporting period, the company achieved operating revenue of 2.719 billion yuan, down 19.55 percent year on year. Net profit attributable to the parent company was 298 million yuan, down 3.11 percent year on year. Net profit attributable to the parent company after deducting non-recurring items was 171 million yuan, down 40.66 percent year on year. The company plans to distribute a cash dividend of 3 yuan per 10 shares, including tax, to all shareholders, totaling approximately 94.43 million yuan. The change in performance was mainly due to pressure on photovoltaic equipment revenue, a year-on-year increase of approximately 102 million yuan in credit impairment losses, and inventory write-down provisions. Meanwhile, fair value changes in non-recurring items grew 481.90 percent year on year, providing significant support to net profit.