Ningbo Fubang first-half net profit surges over fivefold, plans name change to Fubang New Materials to focus on electrical contact materials

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Ningbo Fubang disclosed its 2026 semi-annual report, achieving operating revenue of 1.025 billion yuan, up 91.04 percent year-on-year, with net profit attributable to shareholders of the listed company at 58.51 million yuan, a surge of 504.48 percent, essentially matching the full-year 2025 profit level. The core driver of the strong performance was the volume-driven growth of the new electrical contact materials main business, which accounted for 80.77 percent of total company revenue. The controlling subsidiary Ningbo Electrical Alloy achieved operating revenue of 829 million yuan, up 126.37 percent year-on-year, and net profit attributable to the parent of 108 million yuan, a jump of 288.44 percent. The company's stock short name is proposed to be changed to Fubang New Materials, a move already approved by the shareholders' meeting, marking the strategic transformation of divesting the traditional aluminum business and focusing on new materials such as electrical contact materials. The company's electrical contact products already cover the top six core manufacturers by market share in the domestic relay industry, and have entered the supply chains of leading enterprises such as Huawei and Sungrow Power. Self-developed safety relay supporting components have achieved large-scale mass production, accelerating import substitution.

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Ningbo Fubang
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First-half net profit surged 504.48% on strong electrical contact materials sales, with plans to rename to Fubang New Materials.

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