Shanghai Phoenix disclosed its 2026 semi-annual report. First-half operating revenue rose 5.26% year on year to 1.368 billion yuan, a record high for the same period, but net profit attributable to the parent fell 25.32% year on year to 35.7487 million yuan, mainly affected by changes in cost and expense structure. The company's selling expenses and administrative expenses both declined, but financial expenses turned positive due to increased exchange losses, while research and development expenses surged about 50.2% to 19.5028 million yuan. The company is advancing UCI certification qualification application for its FNIX high-end sports bikes. The SRC series has entered the European and American markets. The lithium battery assisted bicycle business continued high growth. Sales of children's bicycles grew steadily, and the net profit growth rate outpaced revenue growth. The company plans no profit distribution for the 2026 semi-annual period.
Shanghai Phoenix Enterprise Group Co Ltd ANet profit attributable to parent fell 25.32% due to cost and expense structure changes, despite record revenue.
