Pengling Shares released its 2026 interim report. First-half net profit attributable to the parent was 17.24 million yuan, down 37.2% year on year. Operating revenue was 1.27 billion yuan, down 1.9% year on year. Net profit attributable to the parent after deducting non-recurring items was 15.55 million yuan, down 40.2% year on year. Net operating cash flow was 247 million yuan, up 1,259.7% year on year. Earnings per share were 0.0226 yuan. In the second quarter, operating revenue was 698 million yuan, up 6.5% year on year. Net profit attributable to the parent was 13.46 million yuan, up 215.1% year on year. Net profit attributable to the parent after deducting non-recurring items was 12.53 million yuan, up 286.3% year on year. As of the end of the second quarter, total assets were 3.378 billion yuan, down 9.5% from the end of the previous year. Net assets attributable to the parent were 2.075 billion yuan, up 1.0% from the end of the previous year. The company said that during the reporting period the overall automotive industry declined, but demand for new energy vehicles grew. The company is actively expanding its thermal management business and has made progress in developing fluid pipelines for liquid cooling systems.
Tianjin Pengling Rubber Hose Co LtdFirst-half net profit fell 37.2% year on year, though Q2 profit surged 215.1%.
