Power HF disclosed its earnings forecast, projecting a net profit attributable to the parent of 70 million to 90 million yuan for the first half of 2026, compared with a loss of 301 million yuan in the same period last year. Deducted non-recurring net profit is expected to be 45 million to 65 million yuan, versus a loss of 431 million yuan a year earlier. The company's main business is the manufacturing and sale of diesel engines and heavy trucks. In the first half of 2026, engine sales reached 110,500 units, up 28.13 percent year on year, with the engine business growing rapidly. Its former wholly owned subsidiary, SAIC Hongyan Automotive, had its restructuring plan approved by the court on December 12, 2025, due to insolvency, and has been excluded from the consolidated financial statements since December 2025.
Shanghai Diesel Engine Co Ltd AEarnings forecast shows swing to profit from loss, driven by strong engine sales growth.