-+ 0.00%
-+ 0.00%
-+ 0.00%
Quanfeng Motor announced that the net profit attributable to the owner of the parent company from January 1, 2026 to June 30, 2026 is expected to be a loss of 200 million yuan to 170 million yuan. In the first half of 2026, due to multiple factors such as policy adjustments, changes in market structure, and macroeconomic pressure, the domestic automobile market showed a double-digit year-on-year decline, and sales of some of the company's customer terminals also declined significantly year-on-year. As a result, the company's operating income decreased slightly year-on-year and fixed costs were not effectively shared; in addition to factors such as fluctuations in the price of aluminum raw materials and annual customer price reductions, the company's net loss is expected to increase over the same period last year. Despite this, the company's operating efficiency improved year-on-year, and the product structure was further optimized, offsetting some of the negative effects of the external environment.
Share
Listen to the news
Quanfeng Motor announced that the net profit attributable to the owner of the parent company from January 1, 2026 to June 30, 2026 is expected to be a loss of 200 million yuan to 170 million yuan. In the first half of 2026, due to multiple factors such as policy adjustments, changes in market structure, and macroeconomic pressure, the domestic automobile market showed a double-digit year-on-year decline, and sales of some of the company's customer terminals also declined significantly year-on-year. As a result, the company's operating income decreased slightly year-on-year and fixed costs were not effectively shared; in addition to factors such as fluctuations in the price of aluminum raw materials and annual customer price reductions, the company's net loss is expected to increase over the same period last year. Despite this, the company's operating efficiency improved year-on-year, and the product structure was further optimized, offsetting some of the negative effects of the external environment.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending