Quanfeng Auto disclosed its performance forecast, expecting a net loss attributable to the parent company of 170 million to 200 million yuan in the first half of 2026, compared with a loss of 167 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 180 million to 210 million yuan, compared with a loss of 173 million yuan a year earlier. The company stated that due to factors such as policy adjustments, changes in market structure, and pressure from the macro environment, the domestic auto market experienced a double-digit year-on-year decline. The terminal sales of some customers decreased, leading to a slight year-on-year reduction in operating revenue, while fixed costs were not effectively allocated. Coupled with fluctuations in aluminum prices and annual price reductions from customers, the net loss expanded compared with the same period last year. The company also noted that operational efficiency improved year-on-year, the product mix was optimized, and it will intensify efforts to expand high-quality customers and promote cost reduction and efficiency measures in the future.
Nanjing Chervon Auto Precision Technology Co LtdThe article discusses a loss at Quanfeng Auto, a peer in the auto parts sector, indicating weak demand and market decline, which negatively impacts Nanjing Chervon as a similar supplier.