CFMOTO announced after market close on September 7 that its wholly owned US subsidiary CFP has recently received successive US tariff refunds. From August 14 to September 7, it received a cumulative 54.0324 million US dollars, equivalent to 366 million yuan at the central parity rate of 6.7795. After accounting for income tax, this is expected to affect net profit for 2026 by approximately 256 million yuan, representing 15.31% of the most recent audited net profit attributable to the parent company. To date, the company has received cumulative US tariff and interest refunds totaling 92.6403 million US dollars, equivalent to 628 million yuan, and is expected to affect net profit for 2026 by approximately 440 million yuan, representing 26.26% of net profit attributable to the parent company. The company stated that the profit impact of the refunds will mainly occur in the second half of 2026, with the final audited results prevailing. Previously, the company reported first-half revenue of 13.386 billion yuan, up 35.82% year on year, and net profit attributable to the parent company of 1.065 billion yuan, up 6.26% year on year, with growth across all three major businesses: all-terrain vehicles, fuel motorcycles, and electric two-wheelers.
Zhejiang CFMoto Power Co LtdReceives US tariff refunds totaling 628 million yuan, boosting 2026 net profit by 26.26%.
