FAWER Automotive Parts released its 2026 interim report. First-half net profit attributable to the parent was 188 million yuan, down 38.2% year on year. Operating revenue was 7.26 billion yuan, down 7.6% year on year. Net profit attributable to the parent excluding non-recurring items was 161 million yuan, down 42.8% year on year. Net operating cash flow was negative 332 million yuan, down 436.0% year on year. Earnings per share were 0.1093 yuan. In the second quarter, operating revenue was 3.51 billion yuan, down 17.1% year on year, and net profit attributable to the parent was 63.24 million yuan, down 55.0% year on year. As of the end of the second quarter, total assets were 18.849 billion yuan, down 5.8% from the end of the previous year, and net assets attributable to the parent were 8.344 billion yuan, down 0.9% from the end of the previous year. The company said that revenue from traditional customers declined due to lower production and sales at downstream traditional customers, but growth in overseas markets and new customers partially offset the pressure. Research and development spending increased, and the company made progress in its new energy and intelligent transformation.
FAWER Automotive Parts Ltd CoFirst-half net profit down 38.2% and operating cash flow deeply negative.
