Ningbo Huaxiang released its 2026 half-year report, posting a net profit attributable to the parent of 723 million yuan in the first half, successfully turning losses into profits, compared with a loss of 374 million yuan in the same period last year. Operating revenue was 10.25 billion yuan, down 20.4 percent year on year. Net profit attributable to the parent after deducting non-recurring items was 549 million yuan, down 8.4 percent year on year. Net operating cash flow was 779 million yuan, down 34.1 percent year on year. Earnings per share were 0.8905 yuan. In the second quarter, operating revenue was 5.08 billion yuan, down 23.2 percent year on year, and net profit attributable to the parent was 450 million yuan, compared with a loss of 630 million yuan in the same period last year. As of the end of the second quarter, total assets were 25.888 billion yuan, down 4.8 percent from the end of the previous year. Net assets attributable to the parent were 11.706 billion yuan, up 1.9 percent from the end of the previous year. The company said its business focuses on auto parts, and it has begun mass production of robot-related products. It is also actively expanding into intelligent chassis and intelligent suspension businesses, and has signed a joint venture agreement with Brembo Nanjing to develop EMB products.
Ningbo Huaxiang Electronic Co LtdReturned to profit with 723 million yuan net profit attributable to parent in H1, turning around from a 374 million yuan loss a year earlier.
