Kaizhong Shares released its 2026 half-year report on August 26. First-half operating revenue was 387 million yuan, up 10.9% year on year, but net profit attributable to the parent was 30.59 million yuan, down 19.04% year on year. Net profit attributable to the parent after deducting non-recurring items was 21.22 million yuan, down 30% year on year. Net operating cash flow was 15.67 million yuan, down 80.2% year on year. Earnings per share were 0.11 yuan. Second-quarter revenue was 223 million yuan, up 17.4% year on year, and net profit attributable to the parent was 21.07 million yuan, down 16.6% year on year. The company said the overall trend in the automotive industry had a significant impact on its main business, and passenger car market sales data declined somewhat. However, the polyurethane damping component business won new projects from mainstream automakers such as BYD and Leapmotor, the lightweight pedal business made progress in electronic accelerator pedals, and the company successfully developed polyurethane products suitable for new energy vehicles and energy storage systems, which are expected to become a new growth driver.
Zhejiang Leapmotor Tech CoWon new projects from mainstream automakers including Leapmotor
Shanghai Carthane Co LtdFirst-half net profit down 19.04% year on year
BYD Co Ltd Class AWon new projects from mainstream automakers including BYD
