Inovance Technology released its 2026 semi-annual report, achieving operating revenue of 24.675 billion yuan, up 20.31% year-on-year; net profit attributable to shareholders of the listed company was 2.81 billion yuan, down 5.35% year-on-year. The decline was mainly affected by a drop in net profit from the new energy vehicle powertrain business and reduced fair value gains from overseas funds. Based on calculations, the company's second-quarter net profit was 1.796 billion yuan, up 77% quarter-on-quarter.
Shenzhen Inovance TechH1 net profit down 5.35% y/y, driven by lower NEV powertrain profit and reduced fair value gains.
