Fangzheng Motor's first-half net profit attributable to parent grows nearly 439%

Earnings
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Summary · why it matters

Fangzheng Motor disclosed its 2026 semi-annual report, with net profit attributable to the parent of 24.3765 million yuan in the first half, up 438.74% year on year. During the reporting period, the company achieved total operating revenue of 1.717 billion yuan, up 35.77% year on year, and shipped 584,300 new energy drive motors, up 51% year on year, with cumulative shipments of 4.68 million units and supporting nearly 50 vehicle models. The company has established deep supporting relationships with automakers including SAIC-GM-Wuling, SAIC Motor, Xpeng, Li Auto, and Volkswagen. The first phase of the Deqing base with annual capacity of 800,000 units is fully operational, and the main construction of the second phase with annual capacity of 2.2 million units has been completed and is gradually ramping up production. Businesses such as intelligent controllers, micro and special motors, and automotive electronics provide multi-point support, among which Shanghai Haineng's revenue grew 41.24% year on year, and robot joint motors have achieved small-batch supply and entered testing applications for multiple humanoid robot projects. The company also continues to increase capital in its Vietnamese subsidiary and is advancing the implementation of a high-performance magnetic drive transmission system joint venture project with Bosch.

Impact on stocks 9

Electrification & Mobility▲ · 3 stocks
Artificial Intelligence▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
Others▲ · 4 stocks

Theme Impact 3

Off-coverage companies 2

BoschPrivate± Mixed
relevance

SAIC-GM-Wuling AutomobilePrivate± Mixed
relevance

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