Zhejiang Qianjiang Motorcycle Co Ltd

Qianjiang Motorcycle has released its performance forecast for the first half of 2026, expecting attributable net profit to be between 90 million and 110 million yuan, a year-on-year decline of 59.15% to 66.57%. The company said the decline was mainly due to a combination of factors: weak domestic market demand led to a year-on-year drop in sales of large-displacement products for the domestic market, shrinking operating revenue; intensified industry competition and upstream cost pressures caused product gross margins to continue falling, narrowing per-unit profit margins; during the reporting period, the renminbi continued to appreciate, resulting in significant foreign exchange losses on foreign currency settlement business, and financial expenses increased year-on-year, further eroding overall profit.