FAW Jiefang released its 2026 interim report. First-half net profit attributable to the parent was 306 million yuan, up 1,459.2% year on year. Operating revenue was 37.57 billion yuan, up 33.8% year on year. Net profit attributable to the parent excluding non-recurring items swung from a loss of 377 million yuan in the same period last year to a profit of 33.17 million yuan. Net operating cash flow was 6.478 billion yuan, down 15.2% year on year. Earnings per share were 0.0623 yuan. In the second quarter, operating revenue was 18.8 billion yuan, up 36.8% year on year. Net profit attributable to the parent swung from a loss of 9.4 million yuan in the same period last year to a profit of 207 million yuan. Net profit attributable to the parent excluding non-recurring items swung from a loss of 159 million yuan in the same period last year to a profit of 7.7 million yuan. As of the end of the second quarter, total assets were 82.276 billion yuan, up 13.5% from the end of the previous year. Net assets attributable to the parent were 26.387 billion yuan, down 0.3% from the end of the previous year. The company said its main business and operating model have not undergone major changes. It will continue to focus on the manufacturing and sale of commercial vehicles, and will promote optimization of production capacity structure through technology leadership and business innovation, while carrying out resource optimization and intelligent upgrades around high-end and new-energy products. In the first half of 2026, demand in the medium and heavy truck market was strong, with sales volume up 22.9% year on year. In the second half of the year, the company will continue to adhere to the strategy of improving quality, reducing costs, and prioritizing sales volume, and will promote deeper development of the light vehicle and overseas markets.
Faw Car Co LtdNet profit attributable to parent surged 1,459.2% year on year, with revenue up 33.8%.
