Zhejiang E-P Equipment (603194) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥3.92 billion, up 14.16% year-over-year; net profit attributable to shareholders was ¥428 million, down 4.3% year-over-year.

• The company maintained its leading position in electric warehouse forklifts, with continued product innovation and global expansion.

• Significant investments were made in R&D, global network expansion, and strategic partnerships, especially in smart logistics and green transformation.

Financial highlights

• Operating income: ¥3.92 billion, up 14.16% year-over-year.

• Net profit attributable to shareholders: ¥428 million, down 4.3% year-over-year.

• Operating cash flow: ¥129 million, a significant improvement from a negative ¥20 million last year.

• Gross margin and net margin declined slightly due to increased competition and cost pressures.

• Basic and diluted EPS: ¥1.07, down 4.46% year-over-year.

Outlook and guidance

• The company will continue to focus on electrification, digitalization, and intelligent transformation.

• Plans to further expand global market share and enhance supply chain resilience.

• Ongoing investment in R&D and smart logistics solutions to drive future growth.