Zhejiang Wanfeng Auto Wheel (002085) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB 7.48 billion, down 0.18% year-over-year; net profit attributable to shareholders was RMB 418 million, down 16.46%.

• Automotive lightweight metal parts business grew 5.18% in revenue, while general aviation aircraft manufacturing revenue declined 22.76%.

• The company maintained a dual-engine strategy, focusing on automotive lightweighting and innovative general aviation manufacturing.

• Cash dividend of RMB 1.5 per 10 shares, totaling RMB 318 million, was approved for distribution.

Financial highlights

• Operating income: RMB 7.48 billion, -0.18% year-over-year.

• Net profit attributable to shareholders: RMB 418 million, -16.46% year-over-year.

• Basic and diluted EPS: RMB 0.20, -16.67% year-over-year.

• Operating cash flow: RMB 436 million, -11.98% year-over-year.

• Gross margin for automotive parts: 15.13% (down 2.04pp); for aircraft: 23.37% (down 1.09pp).

Outlook and guidance

• The company will continue to focus on lightweight automotive parts and expand in the new energy vehicle sector.

• Plans to accelerate R&D in electric vertical takeoff and landing (eVTOL) aircraft and expand global low-altitude economic opportunities.

• Will strengthen risk management and maintain stable dividend policy.