Xusheng Group released its 2026 interim report on August 27. During the reporting period, it achieved operating revenue of 2.428 billion yuan, up 15.86 percent year on year; net profit attributable to the parent company was 238 million yuan, up 18.48 percent; and non-GAAP net profit was 203 million yuan, up 14.86 percent. Among these, the auto parts business, as the core foundation, achieved revenue of 1.94 billion yuan, up 13.76 percent year on year; the energy storage business, as the second growth curve, achieved revenue of 290 million yuan; and the embodied intelligence business is in the early stage of industrialization and has already contributed initial incremental growth. During the reporting period, the company completed a change of control, with Guangzhou Industrial Investment Holdings Group becoming the controlling shareholder, which is expected to provide resource and market synergies. The company noted that attention should be paid to risks such as aluminum price fluctuations, trade tariffs, and the commercialization progress of new businesses.
Ningbo Xusheng Auto Technology Co Ltd2026 interim report shows revenue up 15.86% and net profit up 18.48%, with auto parts revenue up 13.76%.
Guangzhou Industrial Investment Holdings Group became the controlling shareholder of Xusheng Group, gaining a listed platform and synergies.
