Fengjing Co. released its 2026 interim report. First-half net profit attributable to the parent was 26.93 million yuan, down 75.95% year-on-year. Operating revenue was 1.299 billion yuan, down 8.4% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 5.83 million yuan, down 94.5% year-on-year. Net operating cash flow was 346 million yuan, up 90.8% year-on-year. In the second quarter, operating revenue was 652 million yuan, down 13.8% year-on-year, and net profit attributable to the parent was 6.1 million yuan, down 91.2% year-on-year. As of the end of the second quarter, total assets were 5.797 billion yuan, down 5.4% from the end of the previous year, and net assets attributable to the parent were 4.4 billion yuan, down 1.1% from the end of the previous year. The company said its main business operations have not changed. It continues to focus on the research, development, production and sales of mid-to-high-end auto parts, while facing structural changes and competitive pressure in the automotive market.
Beijing WKW Automotive Parts Co LtdFirst-half net profit down 75.95% year-on-year, with revenue down 8.4%.
