Shenhua Holdings disclosed its 2026 half-year report on the evening of August 26. In the first half, it achieved operating revenue of 1.397 billion yuan, down 24.3 percent year on year. Net profit attributable to the parent company was negative 18.5789 million yuan, narrowing losses by more than 40 million yuan compared with the same period last year. Net cash flow from operating activities was 47.1559 million yuan, up 405.46 percent year on year. Among these figures, second-quarter net profit attributable to the parent company was 3.6735 million yuan, ending five consecutive quarters of losses. Among the company's three major business segments, the automobile sales and services segment sold 3,662 BMW-brand vehicles, with net profit of about 10.43 million yuan. Gross margin rose 8.43 percentage points year on year, turning from loss to profit and helping narrow overall losses. In addition, Shenwei Exploration in the innovation incubation business has established cooperation with customers including BMW Brilliance, Lynk & Co, SAIC General Motors, and Jinbei Yanfeng. The company also enhanced financial flexibility by reducing financing costs.
Liaoning Shenhua Holdings Co LtdShenhua Holdings narrowed losses and turned profitable in Q2, with improved cash flow and reduced financing costs.
SAIC Motor Corp Ltd