Ruifeng Power Reveals Interim Results with 9.5% Decline in Net Profit

Stock News08-28

RUIFENG POWER (02025) has announced its interim results for the six months ending June 30, 2026, reporting a 5.4% year-on-year decrease in revenue to RMB 521 million. The company's profit attributable to shareholders also declined by 9.5% to RMB 15.701 million, with basic earnings per share reaching 1.96 cents.

During the first half of 2026, the group actively advanced its market expansion strategy, successfully establishing partnerships with several promising new clients, which has laid a solid foundation for business growth in the second half of the year. Following extensive technical alignment and product validation in the early stages, the group expects to formally commence supply of its premium products to renowned domestic automobile manufacturers, including Geely Automobile and Chery Automobile, starting from the latter half of the year.

This development not only signifies the group's further expansion of market share within the automotive industry chain, but also demonstrates that its product technology and quality control capabilities have gained recognition from leading automakers, which is anticipated to make significant contributions to medium- and long-term revenue performance.

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