H&T Intelligent Control released its 2026 interim report, with first-half net profit attributable to the parent company of 240 million yuan, down 32.23% year on year. The company said the decline was mainly due to a significant increase in exchange losses caused by the appreciation of the renminbi against the US dollar, as well as rising upstream raw material prices and a time lag in passing through costs. During the reporting period, financial expenses swung from a negative 63.43 million yuan in the same period last year to 149 million yuan, a year-on-year surge of 335.32%. Excluding the impact of exchange rate fluctuations, net profit attributable to the parent company for the intelligent controller business segment rose 12.55% year on year. Net cash flow from operating activities reached 221 million yuan, up 49.77% year on year. Revenue from automotive electronic intelligent controllers grew 39.27% year on year to 578 million yuan, becoming a business highlight. The company's share price has fallen by more than 40% cumulatively this year, with the latest total market value at 19.99 billion yuan.
Shenzhen H&T Intelligent Control Co LtdFirst-half net profit plunged 32% due to FX losses and higher raw material costs, with financial expenses surging 335%.
