Shanghai Phoenix released its 2026 interim report, showing net profit attributable to the parent fell 25.3% year on year to 35.75 million yuan in the first half. Operating revenue was 1.37 billion yuan, up 5.3% year on year. Net profit attributable to the parent after deducting non-recurring items was 36.42 million yuan, down 8.5% year on year. Net operating cash flow was 72.49 million yuan, up 182.8% year on year. Earnings per share were 0.0722 yuan. In the second quarter, operating revenue was 727 million yuan, up 13.1% year on year. Net profit attributable to the parent was 23.65 million yuan, up 37.6% year on year. Net profit attributable to the parent after deducting non-recurring items was 19.86 million yuan, up 72.5% year on year. As of the end of the second quarter, total assets were 4.968 billion yuan, up 48.1% from the end of the previous year. Net assets attributable to the parent were 2.055 billion yuan, down 3.6% from the end of the previous year. The company said its main business has not undergone major changes, and it continues to advance its globalization, premiumization and digitalization strategies. Sales of lithium battery assisted bicycles in the European market grew substantially, becoming the core source of export revenue and gross profit. E-commerce channel sales accounted for more than 60 percent, and the influence of the FNIX high-end sports brand has gradually increased.
Shanghai Phoenix Enterprise Group Co Ltd ANet profit attributable to parent fell 25.3% year on year in H1, though Q2 profit rose.
