According to the Zhitong Finance App, Zhejiang Shibao (01057) announced interim results for the six months ended June 30, 2026. The group achieved operating income of RMB 1,721 billion (same unit), an increase of 12.9%; net profit attributable to shareholders of listed companies was RMB 104 million, an increase of 11.48% over the previous year; and basic earnings per share were RMB 0.1261.

During the reporting period, benefiting from the continuous improvement of the competitiveness of the company's electrified and intelligent steering system products, the increasingly rich product line, and the company's long-term commitment to first-level supporting business in the automotive industry to accumulate rich high-quality customer resources, the company's sales to major customers continued to grow.

During the reporting period, gross profit from the main business was 297 million yuan, an increase of 444.773 million yuan over the same period last year. The gross margin of the main business was 17.68% (same period last year: 16.95%). During the reporting period, the company's overall gross margin was 18.90% (same period last year: 18.01%). The increase in the company's gross margin is mainly due to cost improvements due to the company's continued cost reduction and efficiency measures, as well as a steady increase in sales of new products with high gross margins.

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