SHINELONG (01930) announced its interim results, with net profit attributable to shareholders of 7.248 million yuan, a decrease of 12.3% year-on-year.

SHINELONG (01930) announced its interim results for the six months ended June 30, 2026, with revenue of RMB 148 million, a year-on-year increase of 24.9%; the profit attributable to shareholders was RMB 7.248 million, a year-on-year decrease of 12.3%; and earnings per share were 1.1 cents. The announcement stated that the gross profit margin decreased from approximately 21.3% in the first half of 2025 to about 18.0% in the first half of 2026, primarily due to: (i) fierce market competition leading to reduced revenue and declining gross profit margin from a major automotive mold customer of the Group in the first half of 2026. This customer historically had a relatively high gross profit margin compared to other automotive mold customers, resulting in a decrease in the gross profit margin for automotive mold sales; and (ii) an increase in the provision for inventory impairment for finished products in automotive molds.