Jiangsu Leili has disclosed its performance forecast for the first half of 2026, estimating net profit attributable to the parent company at 96.86 million yuan to 115.48 million yuan, a year-on-year decline of 38% to 48%. The company said the sharp appreciation of the renminbi against the US dollar compared with the same period last year led to expanded exchange losses, while prices of key raw materials such as copper, aluminium and rare earths remained elevated, causing gross margin to fall year-on-year. In addition, research and development spending on new businesses stayed at a high level, and the automotive components business is still in the production ramp-up phase where economies of scale have not yet fully materialised, further weighing on profit. Non-recurring gains and losses are expected to affect net profit by 22 million yuan to 28 million yuan, mainly from investment income on disposal of a subsidiary's equity and an increase in government grants.
Jiangsu Leili Motor Corp LtdForecast 38-48% drop in H1 net profit due to RMB appreciation causing forex losses and high raw material costs.
