Changshu Automotive Trim released its 2026 interim report, showing first-half net profit attributable to the parent of 117 million yuan, down 46.1% year on year. Operating revenue was 3.491 billion yuan, up 25.6% year on year. Net profit attributable to the parent after deducting non-recurring items was 82.66 million yuan, down 52.4% year on year. Net operating cash flow was 261 million yuan, up 196.6% year on year. Earnings per share were 0.32 yuan. In the second quarter, operating revenue was 1.82 billion yuan, up 26.1% year on year. Net profit attributable to the parent was 45 million yuan, down 65.0% year on year. Net profit attributable to the parent after deducting non-recurring items was 18.1 million yuan, down 82.9% year on year. As of the end of the second quarter, total assets were 11.945 billion yuan, down 2.6% from the end of the previous year. Net assets attributable to the parent were 5.348 billion yuan, up 0.7% from the end of the previous year. The decline in net profit was mainly due to higher research and development expenses from an increase in new projects and lower investment income from associated companies. During the reporting period, new energy vehicle sales accounted for 56.89% of total sales, up from 51.15% in the same period last year.
Changshu Automotive Trim CoFirst-half net profit attributable to parent fell 46.1% due to higher R&D expenses and lower investment income.
