Aotecar New Energy Technology Co LtdNet profit up 41.3% year on year, with Q2 profit up 132.5%, despite revenue decline.

Aotecar released its 2026 interim report, showing first-half net profit attributable to the parent of 104 million yuan, up 41.3% year on year. Operating revenue was 3.648 billion yuan, down 8.8% year on year. Net profit attributable to the parent after deducting non-recurring items was 94.12 million yuan, up 38.7% year on year. Net operating cash flow was 181 million yuan, down 68.3% year on year. In the second quarter, operating revenue was 1.99 billion yuan, down 4.9% year on year, while net profit attributable to the parent was 62.55 million yuan, up 132.5% year on year. As of the end of the second quarter, total assets stood at 10.968 billion yuan, down 1.3% from the end of the previous year, and net assets attributable to the parent were 6.311 billion yuan, up 10.2% from the end of the previous year. During the reporting period, sales volume of the automotive air-conditioning compressor business fell 9.81% year on year, while sales volume of the energy-storage thermal management business rose 84% year on year. The company implemented cost-reduction and efficiency-improvement measures that have already delivered cost savings of 127 million yuan, launched the construction of a smart manufacturing system, established a new marketing company, secured multiple new project nominations, and promoted the development of overseas business.
Aotecar New Energy Technology Co LtdNet profit up 41.3% year on year, with Q2 profit up 132.5%, despite revenue decline.