Electrification & Mobility▼
Hongxin Technology posts first-half loss of 17.66 million yuan, down 162.4% year on year
Hongxin Technology released its 2026 interim report on August 26. First-half operating revenue was 638 million yuan, up 27.3% year on year, but the company recorded a loss of 17.66 million yuan, down 162.4% year on year. Excluding non-recurring items, the loss was 20.9 million yuan, down 184.6% year on year. Second-quarter revenue was 351 million yuan, up 38.2% year on year, while net profit attributable to the parent company was a loss of 2.95 million yuan, down 116.3% year on year. Total assets stood at 2.526 billion yuan, up 28.2% from the end of the previous year, while net assets attributable to the parent company were 760 million yuan, down 5.5%. The company is expanding its forged aluminum alloy wheel business for automobiles and has entered the flying car and robotics parts sectors. It has signed a procurement framework agreement with a leading domestic robot company and has begun producing structural components for humanoid robots. Construction of its alloy technology production base in Thailand is progressing smoothly, and the newly established Tairui Industrial plant is planned to have total capacity of 850,000 forged aluminum wheels to enhance competitiveness.