Yingli Auto disclosed its earnings forecast, expecting a net loss attributable to shareholders of 70 million to 105 million yuan for the first half of 2026, compared with a loss of 35.94 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 78.08 million to 113 million yuan, compared with a loss of 42.27 million yuan a year earlier. The company focuses on lightweight automotive components, primarily engaged in the design, development, manufacturing, and sales of body structural parts and anti-collision system components. The change in performance is mainly due to intensified market competition leading to reduced sales volume of main products and narrowing profit margins, as well as high early-stage capital investment, insufficient capacity utilization for some projects, and lack of significant economies of scale, which together resulted in lower revenue and declining operating performance. The company stated it will continue to promote lean cost management, enhance core competitiveness, and intensify market development efforts to improve profitability.
Changchun Engley Automobile Industry Co.Ltd.Intensified market competition leading to reduced sales volume and narrowing profit margins