Zhejiang Jinfei Kaida Wheel Co Ltd

Jinfei Kaida released its 2026 interim report, with net profit attributable to the parent company of 49.5521 million yuan, up 9.36% from the same period last year. The company's total operating revenue was 3.057 billion yuan, up 18.25% year-on-year, marking five consecutive years of growth. Net cash inflow from operating activities was 15.7061 million yuan, down 83.88% year-on-year. The company's latest asset-liability ratio was 70.80%, gross margin was 13.59%, and ROE was 1.75%.

Jinfei Kaida has disclosed its 2026 semi-annual report. In the first half of the year, it achieved operating revenue of 3.057 billion yuan, up 18.25% year on year, and net profit attributable to shareholders of the listed company of 49.5521 million yuan, up 9.36% year on year. The profile business became a new growth driver. Benefiting from the release of demand for photovoltaic modules and lightweight new energy vehicles, it achieved revenue of 595 million yuan, a sharp year-on-year increase of 34.63%, with its share of revenue rising from 17.10% to 19.47%. Overseas markets achieved revenue of 873 million yuan, up 27.13% year on year, significantly outpacing the 15.04% growth in the domestic market, and the share of overseas revenue rose to 28.55%. The company's construction project at its Rayong base in Thailand, with an annual capacity of 2 million aluminum alloy wheels for new energy vehicles, began production in January this year, and it has established partnerships with automakers including Malaysia's Proton, Thailand's Chery, Ford, and Stellantis.

Zhejiang Jinfei Kaida Wheel Co., Ltd.'s subsidiary in Zhanyi District, Qujing, Yunnan, is advancing a smart manufacturing project for 1.2 million aluminum alloy automotive wheels annually, following the earlier commissioning of a project producing 60,000 tonnes of low-carbon aluminum alloy rods per year. The base has signed supply and sales agreements with a neighboring large aluminum plant, enabling direct delivery of liquid aluminum, eliminating the cooling, transportation, and remelting of aluminum ingots, significantly reducing costs and carbon emissions. The Zhanyi base primarily serves the southwestern market, with customers covering original equipment manufacturers in Chongqing, Changsha, Liuzhou, and other locations, while production plans are centrally allocated by the parent company. The company has entered the supply chains of multiple leading automakers through certifications such as the automotive parts 16949 standard, and is exploring the establishment of off-site research and development centers to strive for recognition as a national-level high-tech enterprise.

Jinfei Kaida has released its 2026 plan for a simplified private placement of shares to specific investors, aiming to raise total proceeds of no more than 295 million yuan. After deducting issuance expenses, the funds will be used for an intelligent manufacturing production line with an annual capacity of 600,000 forged aluminum alloy automotive wheels, as well as repaying bank loans.