Weike Technology released its 2026 semi-annual report on August 27, showing operating revenue of 1.4 billion yuan, up 28.80% year on year, but net profit attributable to the parent company of 139 million yuan, down 6.30% year on year, and non-GAAP net profit of 127 million yuan, down 6.27% year on year. The growth rate of net profit attributable to the parent company in the latest three semi-annual reports turned negative to minus 6.30%, from 93.93% in 2024 and 30.71% in 2025. In the company's business, injection molding product revenue was about 675 million yuan, up 31.52% year on year, accounting for about 48.24% of total revenue; health product revenue was about 438 million yuan, up 28.76% year on year; precision mold revenue was about 128 million yuan, down 35.26% year on year, with a gross margin of 42.27%; automotive electronics revenue was about 75 million yuan, accounting for about 5.39% of total revenue. Financial data shows that notes receivable surged 430.50% year on year, accounts receivable rose 56.93%, and inventory increased 50.72% from the beginning of the period, all far exceeding revenue growth. On the expense side, selling expenses rose 8.34% year on year, administrative expenses rose 19.67%, research and development expenses rose 29.59%, and financial expenses rose 296.72%. Despite the divergence in performance, the stock price bucked the trend and surged more than 11% on the 27th, trading at 97.45 yuan at midday, with a total market value of 16.003 billion yuan, and the stock price has risen about 59.81% this year.
Xiamen Voke Mold & Plastic Engineering Co. Ltd.Net profit fell 6.3% despite revenue growth, with rising receivables and inventory.
