Ningbo Tuopu Group Co LtdFirst-half net profit fell 21% year-on-year, with Q2 down 35.5%, despite revenue growth.

Tuopu Group released its 2026 interim report. First-half net profit attributable to the parent was 1.02 billion yuan, down 21% year-on-year, while operating revenue was 14.2 billion yuan, up 9.8% year-on-year. Second-quarter net profit attributable to the parent was 471 million yuan, down 35.5% year-on-year, and operating revenue was 7.57 billion yuan, up 5.6% year-on-year. The company said that in the face of declining demand in the domestic passenger vehicle market, it maintained sales revenue growth by relying on its intelligent electric vehicle product line, accelerated the rollout of emerging businesses such as robot actuators and liquid cooling, and advanced its internationalization strategy. Management believes that as new production capacity reaches full output and economies of scale emerge, the decline in net profit is expected to improve.
Ningbo Tuopu Group Co LtdFirst-half net profit fell 21% year-on-year, with Q2 down 35.5%, despite revenue growth.