Shenda Corporation released its 2026 interim report on August 26. First-half operating revenue was 5.06 billion yuan, down 3.3 percent year on year. Net profit attributable to the parent swung to a profit of 37.27 million yuan, compared with a loss of 53.64 million yuan in the same period last year. Net profit attributable to the parent after deducting non-recurring items also swung to a profit of 34.39 million yuan, compared with a loss of 60.87 million yuan a year earlier. Net operating cash flow was 277 million yuan, up 75.6 percent year on year, and earnings per share were 0.0282 yuan. In the second quarter, operating revenue was 2.7 billion yuan, down 3.3 percent year on year, while net profit attributable to the parent was 49.18 million yuan, compared with a loss of 1.33 million yuan a year earlier. As of the end of the second quarter, total assets were 10.157 billion yuan, down 0.8 percent from the end of the previous year, and net assets attributable to the parent were 3.21 billion yuan, down 1.4 percent. The company noted that in its automotive interiors and acoustic components business, sales from new energy projects accounted for more than 96 percent of the total, up 26 percent year on year, with overseas operations performing particularly well. In the textile new materials business, total profit declined due to rising raw material prices and intensifying competition. In the import and export trade business, revenue fell because of shrinking external demand and trade barriers. The company plans to improve performance through deeper integration and market diversification.
Shanghai Shenda Co LtdSwung to profit in H1 with net profit of 37.27 million yuan vs loss a year earlier.
