Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SH) has released its interim results for the first half of 2026, reporting a return to profitability as its newly relocated North American facility stabilizes operations.
For the reporting period, the company generated revenue of RMB 787 million, a year-on-year decline of 5.47%. Net profit attributable to shareholders stood at RMB 14.02 million, reversing a loss from the prior-year period. After excluding non-recurring items, attributable net profit reached RMB 4.18 million, also swinging back into positive territory. Basic earnings per share came in at RMB 0.06.
The turnaround in total profit is largely attributed to the full restoration of operations at the new North American plant following its relocation. The overseas subsidiary has seen its business performance stabilize and improve, which has effectively bolstered overall profitability. Additionally, the company has intensified internal management efforts and maintained strict control over operating expenses, with cost reduction and efficiency enhancement initiatives yielding notable results and further supporting profit growth.
The improvement in net profit attributable to shareholders is primarily driven by the changes in total profit.
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