Zhenyu Technology released its 2026 interim report on August 26. During the reporting period, it achieved operating revenue of 6.394 billion yuan, up 58.01 percent year on year. Net profit attributable to the parent company was 423 million yuan, up 100.30 percent year on year. Non-GAAP net profit was 412 million yuan, up 108.37 percent year on year. Precision structural components remained the core revenue source, generating 5.089 billion yuan, accounting for nearly 80 percent of total revenue and rising 59.05 percent year on year, with a gross margin of 15.02 percent. This was mainly driven by surging demand for new energy vehicle drive motor cores and lithium battery precision structural parts. The company has deeply tied itself to leading automakers such as BYD, Xiaomi, and Li Auto, as well as lithium battery leaders including CATL and EVE Energy. However, net cash flow from operating activities was 59.1663 million yuan, down 66.07 percent year on year, mainly due to changes in customer payment methods and account periods. Accounts receivable reached 5.176 billion yuan at the end of the period, accounting for 33.58 percent of total assets, creating capital occupation pressure. In addition, humanoid robot related products have entered the verification or small batch supply stage and are expected to become a second growth curve.
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Li Auto IncNingbo Zhenyu Technology Co. Ltd.Net profit doubled and revenue surged 58%, but cash flow fell 66% and receivables rose, creating mixed financial signals.
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