Ousheng Electric released its 2026 interim report on August 27. During the reporting period, the company achieved operating revenue of 1.355 billion yuan, up 54.28% year on year, but net profit attributable to shareholders was only 29.1093 million yuan, down 74.70% year on year, showing a clear pattern of rising revenue without rising profit. The company's operating cash flow turned from positive to negative, with a net outflow of 161 million yuan, compared with a net inflow of 60.8366 million yuan in the same period last year, mainly due to increases in accounts receivable and inventory. By business segment, vacuum cleaner revenue was 567 million yuan, up 41.80% year on year; air compressor revenue was 428 million yuan, up 40.93% year on year; and industrial fan revenue was 131 million yuan, more than doubling with growth of 104.87%. The main reasons for the performance change include operating costs rising 61.78% year on year, selling expenses and administrative expenses rising 55.91% and 80.42% respectively, and financial expenses swinging from a negative 14.6827 million yuan in the same period last year to an expense of 53.2789 million yuan, affected by higher exchange gains and losses and interest expenses. The company said that deepening cooperation with major customers at its Suzhou base and the release of production capacity at its Malaysia base drove sales expansion, but it needs to guard against exchange rate fluctuations and working capital risks.
Suzhou Alton Electrical & Mechanical Industry Co. Ltd.Net profit down 74.70% despite revenue up 54.28%, with rising costs and negative operating cash flow.
