Fengjing Shares has disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 22 million and 33 million yuan, a year-on-year decline of 70.53% to 80.35%. Deducted non-recurring net profit is expected to be between 6 million and 9 million yuan, a year-on-year drop of 91.56% to 94.37%, with basic earnings per share of 0.01 to 0.02 yuan. The company stated that the profit decline was mainly due to a sharp contraction in domestic demand for traditional fuel vehicles, with sales volume falling 27.8% year-on-year, leading to lower revenue from auto parts supply. Meanwhile, cost and expense reductions did not match the revenue decline, and the new Nanjing plant added depreciation and operating expenses, all weighing on profitability.
Beijing WKW Automotive Parts Co LtdSharp contraction in domestic demand for traditional fuel vehicles led to 27.8% sales volume decline, reducing auto parts revenue.