Vanward Electric has released its 2026 interim report. Total operating revenue was 3.661 billion yuan, down 10.34% year on year. Net profit attributable to the parent company was 61.4561 million yuan, down 83.78% from the same period last year. Net cash inflow from operating activities was 128 million yuan, down 79.25% year on year. The company's latest asset-liability ratio was 40.55%, gross margin was 20.67%, down 7.26 percentage points from a year earlier, and return on equity was 1.33%, down 6.32 percentage points from a year earlier. Diluted earnings per share were 0.08 yuan, down 84.31% year on year.
Guangdong Vanward New Electric Co LtdNet profit fell 83.78% year on year, with revenue down 10.34% and margins contracting.
