Qianjiang Motorcycle released its 2026 interim report on August 27, showing declines in both revenue and profit for the reporting period, with net profit attributable to the parent company plunging 62.43% year-on-year. The financial report shows the company achieved operating revenue of 2.726 billion yuan, down 11.30% year-on-year; net profit attributable to the parent company was 101 million yuan, down 62.43% year-on-year; and non-GAAP net profit was 53 million yuan, down 77.23% year-on-year. Among these, revenue from the complete vehicle sales segment was 2.522 billion yuan, accounting for 92.52% of total revenue, down 12.98% year-on-year. Domestic sales revenue was 827 million yuan, a sharp decline of 50.01% year-on-year, while overseas sales revenue was 1.899 billion yuan, up 33.86% year-on-year, with its share rising to 69.65%. The decline in performance was mainly affected by intensified competition in the domestic large-displacement motorcycle market, weak domestic demand, and increased exchange losses caused by RMB appreciation. Financial expenses turned from a negative 83 million yuan in the same period last year to 33.4469 million yuan. In addition, some overseas subsidiaries such as Benelli Q.J. SRL incurred losses due to reduced sales volumes and exchange rate factors, dragging down overall performance.
Zhejiang Qianjiang Motorcycle Co LtdNet profit plunged 62.43% YoY and revenue fell 11.30% in the 2026 interim report.
Benelli Q.J. SRL incurred losses due to reduced sales volumes and exchange rate factors, dragging down overall performance.
