ZYNP has released its 2026 interim report. During the reporting period, it achieved operating revenue of 2.467 billion yuan, up 27.00 percent year on year. Net profit attributable to the parent company was 346 million yuan, up 48.14 percent. Net profit after deducting non-recurring items was 272 million yuan, up 18.64 percent. Net cash flow from operating activities was 200 million yuan, a sharp year-on-year increase of 123.47 percent. The earnings growth was mainly driven by a solid core cylinder liner business and the ramp-up of new businesses such as braking systems and automotive electronics, together with the completion of the controlling merger of ZYNP GKN. Net profit attributable to the parent company included a bargain purchase gain of about 99.63 million yuan, which caused its growth rate to far exceed that of net profit after deducting non-recurring items. By product, cylinder liner revenue was 1.344 billion yuan, up 29.23 percent year on year, accounting for 54.45 percent of total revenue. Brake drum and disc revenue was 394 million yuan, a sharp year-on-year increase of 37.93 percent. Electronic control actuator revenue was 170 million yuan, up 10.84 percent. Revenue from hydrogen fuel cell systems and core components was 18.5094 million yuan, beginning to make a substantive contribution. The company faces risks such as raw material price fluctuations, exchange rate changes and goodwill impairment. Going forward, attention should be paid to the synergies from merger integration and the progress of scaling up new businesses.
ZYNP CorpInterim report shows revenue and net profit up, with bargain purchase gain boosting profit.
