FAW Jiefang has released an earnings forecast, projecting net profit attributable to shareholders of 270 million to 320 million yuan for the first half of 2026, representing a year-on-year increase of 1,273.64 percent to 1,528.02 percent. The company also expects a non-recurring net profit of 30 million to 40 million yuan, up 107.97 percent to 110.62 percent year-on-year. The announcement attributed the sharp profit growth to product mix optimization, deeper expansion in overseas markets, value mining across the full service chain, and lean operations and cost control. In the first quarter of 2026, FAW Jiefang recorded revenue of 18.776 billion yuan and net profit attributable to shareholders of 99.31 million yuan.
Faw Car Co LtdFAW Jiefang expects first-half net profit to surge over 12-fold year-on-year due to product mix optimization, overseas expansion, and cost control.