Qianjiang Motorcycle released its 2026 interim report on August 27. First-half operating revenue was 2.73 billion yuan, down 11.3% year on year. Net profit attributable to the parent was 101 million yuan, down 62.4% year on year. Net profit attributable to the parent after deducting non-recurring items was 52.94 million yuan, down 77.2% year on year. Net operating cash flow was 475 million yuan, up 145.4% year on year. Earnings per share were 0.1922 yuan. In the second quarter, operating revenue was 1.7 billion yuan, down 2.1% year on year. Net profit attributable to the parent was 140 million yuan, down 23.3% year on year. Net profit attributable to the parent after deducting non-recurring items was 96.45 million yuan, down 44.3% year on year. Earnings per share were 0.2661 yuan. As of the end of the second quarter, total assets were 10.097 billion yuan, up 1.8% from the end of the previous year. Net assets attributable to the parent were 5.196 billion yuan, down 3.2% from the end of the previous year. The company said in the interim report that there were no major changes in its operating business during the reporting period. All-terrain vehicle and electric motorcycle operations, as extensions of the motorcycle main business's industrial chain, both achieved steady sales growth, gradually matured their operating models, and formed efficient synergies with the existing research and development, manufacturing, and channel systems, giving them the ability to continue operating. The core management team and key technical personnel remained stable, and there was no situation in which core competitiveness was seriously damaged by the departure of core personnel or lagging technology iteration.
Zhejiang Qianjiang Motorcycle Co LtdFirst-half net profit attributable to parent fell 62.4% year on year to 101 million yuan.
