Shuanghuan Transmission released its 2026 half-year report. First-half net profit attributable to the parent was 587 million yuan, up 1.65% year on year. Operating revenue was 4.559 billion yuan, up 7.8% year on year. Net profit attributable to the parent after deducting non-recurring items was 534 million yuan, down 3.8% year on year. Net operating cash flow was 1.112 billion yuan, up 13.4% year on year. Second-quarter operating revenue was 2.46 billion yuan, up 13.8% year on year, and net profit attributable to the parent was 303 million yuan, up 0.5% year on year. The company said that despite intensifying competition in the automotive industry and changes in the global economic situation, overseas business advanced steadily, with export business up 34.85% year on year, and iterative upgrades in new energy vehicle electric drive technology drove higher per-vehicle value of supporting products.
Zhejiang Shuanghuan Driveline Co LtdExport business up 34.85% and higher per-vehicle value from NEV electric drive upgrades indicate strong product demand.
