Changhua Group released its 2026 interim report, showing first-half net profit attributable to the parent of 17.79 million yuan, down 46.7% year on year. Operating revenue was 872 million yuan, down 8.2% year on year; net profit attributable to the parent after deducting non-recurring items was 10.78 million yuan, down 56.3% year on year; and net operating cash flow was 31.39 million yuan, down 72.5% year on year. In the second quarter, operating revenue was 423 million yuan, down 19.7% year on year, and net profit attributable to the parent was 2.37 million yuan, down 91.1% year on year. The company said that, affected by the downturn in the passenger vehicle market, product sales declined, and some capital-raising projects were still in the capacity ramp-up stage and had not yet achieved expected returns.
Zhejiang Changhua Auto Parts Co LtdFirst-half net profit attributable to parent fell 46.7% year on year, with Q2 profit down 91.1%, on revenue decline and unramped capital-raising projects.
