Hengbo Holdings released its 2026 interim report. Operating revenue was 754 million yuan, up 61.2 percent year on year. Net profit attributable to the parent was 47.83 million yuan, down 28.0 percent year on year. Net profit attributable to the parent after deducting non-recurring items was 43.19 million yuan, down 28.2 percent year on year. Net operating cash flow was negative 40.89 million yuan, down 732.3 percent year on year. In the second quarter, operating revenue was 463 million yuan, up 83.4 percent year on year, while net profit attributable to the parent was 21.23 million yuan, down 36.4 percent year on year. As of the end of the second quarter, total assets were 2.545 billion yuan, up 6.8 percent from the end of the previous year, and net assets attributable to the parent were 1.63 billion yuan, up 3.6 percent from the end of the previous year. The company's main businesses include ICE and HEV air intake systems, fuel evaporation systems, and thermal management systems for new energy vehicles, and it is actively expanding production and sales of new energy vehicle related products.
Hengbo Holdings Co. Ltd. ANet profit attributable to parent fell 28% YoY despite revenue growth, and operating cash flow turned sharply negative.
