Mingyang Electric disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 2.558 billion yuan, down 26.38% year on year. Net profit attributable to the parent company was 87.1645 million yuan, down 71.55% year on year. Net profit after deducting non-recurring items was 82.3683 million yuan, down 72.65% year on year. Net cash flow from operating activities was negative 516 million yuan, compared with negative 734 million yuan in the same period last year. Basic earnings per share were 0.28 yuan, and the weighted average return on equity was 1.70%. As of the end of the first half of 2026, the company's inventory book value was 1.362 billion yuan, accounting for 26.07% of net assets, an increase of 422 million yuan from the end of the previous year. In addition, data from China Securities Depository and Clearing Corporation showed that as of August 21, 2026, 17.33% of Mingyang Electric's shares were pledged. The largest shareholder, Zhongshan Mingyang Electric Appliance Company Limited, pledged 62.45 million shares, accounting for 47.83% of its total holdings.
Guangdong Mingyang Electric Co. Ltd. AFirst-half 2026 net profit down 71.55% YoY, revenue down 26.38%, and operating cash flow negative.
