China Electric Motor disclosed its 2026 interim report. In the first half, it achieved operating revenue of 253 million yuan, down 17.95% year on year. Net profit attributable to shareholders of the listed company was 4.70 million yuan, down 86.56% year on year. Basic earnings per share were 0.02 yuan. The sharp decline in net profit was mainly because, in the same period last year, a wholly owned subsidiary reduced its holdings of Hong Kong stocks and generated relatively high returns, while there was no such factor this period. At the same time, intensifying competition in the motor market and rising prices of major raw materials led to year-on-year declines in revenue and gross margin.
SEC Electric Mach Co LtdNet profit fell 86.56% due to absence of prior-year investment gains and lower revenue/gross margin.
