Wuzhou New Spring disclosed its half-year report on August 27. In the first half of 2026, it achieved operating revenue of 1.534 billion yuan, down 19.03% year-on-year. Net profit attributable to shareholders of the listed company was 60.9087 million yuan, down 19.10% year-on-year. Basic earnings per share were 0.16 yuan. The company said that due to macroeconomic pressure and cyclical fluctuations in the automotive industry, overall prosperity in the bearing industry weakened somewhat, and the industry's sales scale and profitability declined to a certain extent. During the reporting period, affected by reduced demand for household air-conditioner piping components from customer Changhong, revenue in the company's thermal management segment fell back somewhat.
Zhejiang XCC Group Co LtdCompany's thermal management segment revenue fell due to reduced demand from customer Changhong, reflecting broader industry weakness.
