WULING MOTORS (00305) expects a mid-term net profit of approximately 63 million yuan.

WULING MOTORS (00305) announced that it expects the Group to achieve a net profit of approximately RMB 63 million for the six months ending June 30, 2026, a decrease of about 27% compared to the net profit of RMB 85.809 million for the six months ending June 30, 2025; and the Company is expected to achieve a profit attributable to owners of the Company of approximately RMB 26 million for the six months ending June 30, 2026, a decrease of about 34% compared to the profit attributable to owners of the Company of RMB 39.416 million for the six months ending June 30, 2025. The announcement stated that the decline in the Group's unaudited net profit and the decrease in the profit attributable to owners of the Company during the period were mainly due to a steady increase in research and development expenses arising from the Group's ongoing new product and development projects, as well as increased losses from the Group's joint venture, Liuzhou Wuling New Energy Automobile Co., Ltd., which is still in the early operational stage and affected by an unfavorable market environment during the review period.