Shandong Weida disclosed its 2026 half-year report. In the first half, it achieved operating revenue of 1.018 billion yuan, up 11.40% year on year. Net profit attributable to shareholders of the listed company was 120 million yuan, down 24.19% year on year. Basic earnings per share were 0.27 yuan. The power tool accessories and new energy industry businesses benefited from a market recovery and internal management upgrades. Combined revenue from the two segments increased by 108 million yuan, lifting total profit by 29.65 million yuan year on year. However, affected by lower interest rates and changes in the structure of capital volumes, interest income within financial expenses fell by 53.81 million yuan year on year. The depreciation of the US dollar against the renminbi caused exchange losses to rise by 19.53 million yuan year on year. In total, financial expenses reduced total profit by 74.88 million yuan year on year. Excluding financial expenses, total profit rose by 29.42 million yuan year on year, an increase of 22.86%.
Shandong Weida Machinery Co LtdNet profit fell 24.19% year on year due to lower interest income and FX losses, despite revenue growth.
