Songzhi Shares has released its 2026 interim report. The company achieved operating revenue of 2.547 billion yuan, up 2.15 percent year on year, but net profit attributable to the parent company was 125 million yuan, down 12.21 percent year on year, showing a pattern of rising revenue without rising profit. Net cash flow from operating activities was negative 127 million yuan, shifting from a net inflow in the same period last year to a net outflow, mainly because more notes payable matured during the reporting period. Revenue from the company's thermal management business for large and medium-sized buses was 743 million yuan, up 15.91 percent year on year, with gross margin up 1.91 percentage points to 25.72 percent, and market share exceeding 50 percent. Revenue from the passenger car thermal management business, which accounts for the largest share, was 1.555 billion yuan, down 2.58 percent year on year, with gross margin down 1.47 percentage points to 11.31 percent. The company implemented its 2025 profit distribution, paying a cash dividend of 2 yuan per 10 shares and transferring 4 additional shares per 10 shares, with total cash dividends of about 125 million yuan.
Songz Automobile Air Conditioning Co LtdNet profit declined 12.21% and operating cash flow turned negative, indicating weaker profitability and cash generation.
