Quanfeng Auto's 2026 Interim Report: New Energy Revenue Exceeds 60%, Losses Widen and Cash Flow Under Pressure

Earnings
โดย 蓝鲸财经·CN·Read original
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Quanfeng Auto released its 2026 interim report. During the reporting period, the company achieved operating revenue of 1.169 billion yuan, down 4.03% year on year. Net profit attributable to the parent company was negative 185 million yuan, with the loss widening from negative 167 million yuan in the same period last year. Net profit after deducting non-recurring items was negative 192 million yuan. Net cash flow from operating activities was negative 49 million yuan, turning from a net inflow of 20 million yuan in the same period last year to a net outflow, mainly due to increased inventory tying up funds. Revenue from new energy component products reached 748 million yuan, accounting for more than 60% of the company's total revenue. Mass production of designated projects for key customers such as SVOLT, Schaeffler, and Tesla progressed well. The reasons for the widening losses include declining sales in the domestic vehicle market, high fixed costs due to production capacity at newly built projects not yet being fully released, and research and development expenses increasing 17.96% year on year to 72 million yuan. The company expects that with rising penetration of new energy vehicles and growing demand for lightweighting, the aluminum die-casting component industry still has room for development, but it faces risks such as raw material price fluctuations, high customer concentration, and production capacity release falling short of expectations.

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