Ningbo Joyson Electronic Corp. (00699) announced its interim results, with a net profit attributable to shareholders of 740 million yuan, a year-on-year increase of 4.4%.

Ningbo Joyson Electronic Corp. (00699) announced its performance for the six months ending June 30, 2026. The company achieved operating revenue of approximately 28.1 billion RMB, with a profit attributable to the parent company of around 740 million RMB, representing a year-on-year growth of about 4.4%. It generated operating net cash flow of roughly 1.93 billion RMB, continuing its upward trend compared to the previous year. Building on this, the company is accelerating the expansion of its business into other emerging technology industries through organizational innovation and strategic extension, embarking on a journey of re-entrepreneurship to create a second growth curve. During the reporting period, the estimated total lifecycle order value of new projects the company has secured is approximately 44.9 billion RMB. Leading independent brands and new energy vehicle manufacturers are becoming the core drivers of order growth, and the proportion of orders continues to increase. According to the Automotive News published list of the top 100 global automotive parts suppliers for 2026, the company ranks 29th in the world, climbing 8 places from 2025, further consolidating its leading position in the global industry. In response to the rising prices of certain raw materials, particularly automotive-grade chips and electronic components, the company has effectively ensured stable production operations through procurement strategies such as early price locks and quantity locks, as well as necessary spot supply measures. It is actively addressing the impact of rising raw material prices through customer price compensation and internal cost reduction efforts. On the other hand, the company continues to enhance operational efficiency by focusing on optimizing procurement costs and improving manufacturing efficiency, effectively offsetting the impacts of revenue decline and rising costs of some raw materials. This has led to an overall gross margin of approximately 17.7%. Despite pressure on revenue, the gross margin remains relatively stable, demonstrating strong profit resilience. Notably, in overseas markets, benefiting from a well-established global layout and the gradual effectiveness of previously implemented cost reduction and efficiency enhancement measures, the gross margin has consistently improved to 18.1%, with operational performance continuing to enhance. Looking ahead to the second half of the year, with the recovery of overseas automotive markets in Europe and elsewhere, the accelerated international expansion of Chinese automotive enterprises, effective control of the companys overseas operating costs, steady improvements in operational efficiency, and a solid customer base, both operating revenue and profitability in overseas regions are expected to further increase.