Ningbo Fubang Jingye Group Co (600768) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 1.02 billion, up 91.04% year-over-year; net profit attributable to shareholders was RMB 58.51 million, up 504.48% year-over-year.

• Core business in electrical contact materials saw robust growth, with subsidiary Ningbo Electrical Alloy achieving revenue of RMB 829 million, up 126.37% year-over-year, and net profit of RMB 108 million, up 288.44%.

• The company completed the sale of its 2.5% stake in Ningbo Zhonghua Paper for RMB 370 million, no longer holding equity in the entity.

Financial highlights

• Operating income: RMB 1,024,855,628.83 (up 91.04% year-over-year).

• Net profit attributable to shareholders: RMB 58,512,369.20 (up 504.48% year-over-year).

• Basic and diluted EPS: RMB 0.44 (up 528.57% year-over-year).

• Gross margin for electrical contact products remained high due to product upgrades and cost control.

• Net cash flow from operating activities: -RMB 266.46 million, mainly due to increased raw material procurement.

Outlook and guidance

• The company will continue to focus on electrical contact materials, deepen R&D, and expand high-end applications.

• Market demand for electrical contact products is expected to remain strong, driven by industrial upgrades and new energy sectors.

• The company plans to maintain stable dividend policies and enhance investor returns.