Xinan Technology released its 2026 interim report. Operating revenue was 588 million yuan, up 8.9% year on year. Net profit attributable to the parent was 32.81 million yuan, down 38.3% year on year. Net profit attributable to the parent after deducting non-recurring items was 32.04 million yuan, down 32.1% year on year. Net operating cash flow was 34.03 million yuan, down 3.3% year on year. Fully diluted earnings per share was 0.3281 yuan. In the second quarter, operating revenue was 293 million yuan, up 6.5% year on year. Net profit attributable to the parent was 9.18 million yuan, down 66.1% year on year. Net profit attributable to the parent after deducting non-recurring items was 10.6 million yuan, down 55.0% year on year. Earnings per share was 0.0918 yuan. As of the end of the second quarter, total assets were 1.993 billion yuan, up 1.2% from the end of the previous year. Net assets attributable to the parent were 1.783 billion yuan, down 0.4% from the end of the previous year. In the interim report, the company said its main business is concentrated in the research, development, production and sales of aluminum alloy components for automotive lightweighting, and it is actively expanding the market for precision compressor housing components for turbochargers while maintaining long-term cooperative relationships with well-known global customers. In addition, the company has made progress in the research and development of core components for high-voltage control equipment in power systems, with construction of the new plant and equipment installation advancing as planned. In the new energy vehicle sector, it has developed precision components such as motor housings and gearbox housings. Construction of its production base in Thailand is progressing steadily, and it has begun serving the turbocharger business for the North American market. Some products have obtained customer certification and are expected to gradually form scale sales.
Wuxi Xinan Technology Co. Ltd. ANet profit attributable to parent fell 38.3% in H1 and 66.1% in Q2, indicating weaker profitability.
