QINGLING MOTORS (01122) issued a profit warning, expecting a mid-term loss before tax to increase to approximately 75 million to 95 million yuan compared to the same period last year.

QINGLING MOTORS (01122) announced that, based on the unaudited consolidated financial statements of the Group for the six months ending June 30, 2026, and the information currently available to the Board of Directors, the Group expects to incur a pre-tax loss of approximately RMB 75 million to RMB 95 million for the period, compared to a pre-tax loss of approximately RMB 26.124 million for the same period in 2025. The Board believes that the expected loss is primarily due to: (i) intense price competition in the domestic commercial vehicle industry; (ii) significant increases in the prices of bulk raw materials such as precious metals, batteries, and chemicals, leading to sustained cost pressures; and (iii) increased investment in innovation and research and development. Affected by these factors, the Group's operating pressure has intensified, impacting the overall sales performance of the Group for the six months ending June 30, 2026.