Zhejiang Shibao Posts 11.48% Rise in Net Profit for H1, Reaching RMB 104 Million

Stock News08-23 15:54

Zhejiang Shibao Company Limited (002703.SZ) has released its semi-annual report for 2026, showing steady growth in key financial metrics for the period.

During the reporting period, the company achieved operating revenue of RMB 1.721 billion, a year-on-year increase of 12.90%. Net profit attributable to shareholders of the listed company reached RMB 104 million, up 11.48% compared to the same period last year.

Excluding non-recurring gains and losses, net profit attributable to shareholders stood at RMB 94.2073 million, reflecting a stronger growth rate of 17.51% year-on-year. Basic earnings per share amounted to RMB 0.1261.

The positive results were largely driven by the enhanced competitiveness of the company's electrified and intelligent steering system products, which have seen growing demand as the product portfolio expands. Additionally, the company's long-term commitment to tier-one auto parts supply has cultivated a robust base of premium customers, contributing to sustained sales growth with key clients during the period.

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