According to the Zhitong Finance App, Xunlong (01930) announced interim results for the six months ended June 30, 2026. The group achieved revenue of RMB 148 million, an increase of 24.9% over the previous year; net profit attributable to shareholders was 7.248,000 yuan, a decrease of 12.3% over the previous year; profit per share was 1.1 points.

According to the announcement, gross margin decreased from about 21.3% in the first half of 2025 to about 18.0% in the first half of 2026, mainly due to: (i) the decline in revenue and gross margin from one of the Group's major automotive mold customers in the first half of 2026 due to intense market competition. The customer's historical gross margin level was relatively high compared to other automotive mold customers, which led to a decrease in gross margin generated by the sale of automobile molds; and (ii) an increase in inventory impairment amounts for automotive mold products.

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