Chengfei Integration disclosed its performance forecast, expecting a net loss attributable to the parent company of 47 million to 67 million yuan in the first half of 2026, compared with a loss of 14.9208 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 49 million to 69 million yuan, compared with a loss of 15.3659 million yuan in the same period last year. The company stated that the change in performance was mainly due to a significant decline in gross profit of the automotive parts business, a substantial loss at its associate Zhejiang Jiwen Integrated Body Technology Company leading to reduced investment income, organizational restructuring and staff reduction increasing management expenses, higher provision for bad debts on accounts receivable, and exchange losses driving up financial expenses.
Sichuan Chengfei Integration Technology Corp LtdExpects net loss of 47-67 million yuan in H1 2026, much worse than prior year loss of 14.9 million, due to lower gross profit, associate losses, restructuring costs, bad debts, and exchange losses.
Associate Zhejiang Jiwen Integrated Body Technology Company incurred substantial losses, reducing Chengfei Integration's investment income.