Longji Machinery released its 2026 half-year report, with first-half net profit attributable to the parent of 42.34 million yuan, up 34.5% year on year. Operating revenue was 922 million yuan, down 11.1% year on year. Net profit attributable to the parent after deducting non-recurring items was 39.2 million yuan, up 37.1% year on year. Net operating cash flow was 151 million yuan, up 8.0% year on year. Earnings per share were 0.1018 yuan. In the second quarter, operating revenue was 481 million yuan, down 6.1% year on year. Net profit attributable to the parent was 24.81 million yuan, up 95.6% year on year. Net profit attributable to the parent after deducting non-recurring items was 23.52 million yuan, up 106.2% year on year. As of the end of the second quarter, total assets were 2.999 billion yuan, down 2.1% from the end of the previous year. Net assets attributable to the parent were 2.169 billion yuan, up 0.7% from the end of the previous year. The company said that during the reporting period, the domestic auto industry underwent structural adjustment. Passenger vehicle production and sales fell 5.9% and 6% respectively, while commercial vehicles grew 8.2% and 8.3% respectively. New energy vehicle sales accounted for 51.3% of the total. The company focuses on automotive brake components, continues to optimize its product structure, strengthens cooperation with leading automakers, and pays attention to green, low-carbon and lightweight development.
Shandong Longji Machinery Co LtdFirst-half net profit attributable to parent rose 34.5% to 42.34 million yuan, with Q2 net profit up 95.6%.
