Blackstone acquires majority stake in South Korea's Futronic at $676 million valuation

Dechang Shares disclosed at its 2026 semi-annual results briefing that first-half operating revenue reached 2.31 billion yuan, up 11.7% year on year, while net profit attributable to shareholders of the listed company was 33.5884 million yuan, down 69.67% year on year. Revenue in both of the company's main business segments maintained growth, with auto parts revenue at 337 million yuan, up 19.93% year on year, and home appliance revenue at 1.973 billion yuan, up 13.20% year on year. The sharp decline in net profit was mainly affected by exchange rate fluctuations, with an exchange loss of 56.5935 million yuan in the reporting period, compared with an exchange gain of 9.2783 million yuan in the same period last year, while a year-on-year decline in the main business gross margin also squeezed profit margins. The company said its automotive motor business added five new designated projects during the period, with a full life-cycle value exceeding 800 million yuan. Domestic steer-by-wire motors have entered mass production, motors supporting overseas autonomous driving projects have been delivered, and multiple new intelligent chassis products are under development. Some models of robot dexterous hand joint motors have completed verification, preliminary finalization, and achieved small-batch delivery. The private placement registration approval has been obtained for nearly a year, and the company said the project has already been started with self-owned funds and will be advanced at an appropriate time within the validity period of the approval.