Shuguang Auto released its 2026 half-year report. First-half operating revenue was 506 million yuan, down 41.6% year on year. Net loss attributable to the parent was 127 million yuan, narrowing from a loss of 145 million yuan in the same period last year. Second-quarter revenue was 287 million yuan, down 43.0% year on year, with a net loss attributable to the parent of 66.79 million yuan, smaller than the loss of 72.46 million yuan a year earlier. In the first half, the company sold 520 complete vehicles, down 28.37% year on year, and sold 436,700 axle units, down 37.92% year on year, mainly due to intensifying market competition and the impact of overseas geopolitical conflicts on order execution. The company has taken steps to develop markets in the Middle East and Africa, and has secured bus orders from Colombia and Sri Lanka. Export revenue from axle components was 22.98 million yuan, up 5.7% year on year.
Liaoning SG Automotive Group Co LtdRevenue and vehicle/axle sales fell sharply due to competition and geopolitical order disruptions.
