Qianjiang Motorcycle expects its core net profit for the first half of 2026 to fall by 75.05% to 79.35% year-on-year, to just 48 million to 58 million yuan. Net profit attributable to shareholders is also expected to decline by 59.15% to 66.57%, to between 90 million and 110 million yuan. The earnings decline is mainly due to weak domestic demand leading to lower sales of large-displacement products in the domestic market, intensifying industry competition and upstream cost pressures driving gross margins lower, and significant exchange losses from the appreciation of the renminbi. The company's gross margin had already declined for two consecutive years in 2024 and 2025, to 26.32% and 25.16% respectively. As of the close on July 14, Qianjiang Motorcycle's share price stood at 10.53 yuan, a year-to-date decline of 28.95%.
Zhejiang Qianjiang Motorcycle Co LtdWeak domestic demand leading to lower sales of large-displacement products.