Shanghai Diesel Engine Co Ltd A

Shanghai New Power Automotive disclosed its half-year report on August 26. In the first half of 2026, it achieved operating revenue of 3.205 billion yuan, up 13.29 percent year on year. Net profit attributable to shareholders of the listed company was 79.5 million yuan, compared with a loss of 301 million yuan in the same period last year, turning from loss to profit. Basic earnings per share were 0.06 yuan. The company said that in the first half it actively expanded domestic and overseas markets, advanced product technology research and development, improved operating efficiency, and cut costs while boosting efficiency. Its engine business maintained rapid growth, with engine sales reaching 110,500 units, up 28.13 percent year on year.

SDEC released its 2026 interim report on the evening of August 26. In the first half, engine sales reached 110,500 units, up 28.13 percent year on year; operating revenue was 3.205 billion yuan, up 13.29 percent; and net profit attributable to shareholders of the listed company was 79.4978 million yuan, turning from a loss to a profit compared with the same period last year. Within this, the large-engine business supporting markets such as AIDC, or intelligent data centers, grew at a high speed. Sales of the company's own-brand 12VK and 16VK high-power engine products rose 221.7 percent year on year, while sales of high-power engines at the joint venture Shanghai Lingzhong Engine Company grew 53 percent, mainly supporting the AIDC sector. The wholly owned subsidiary Shanghai SDEC Electric Power Technology Company completed capacity expansion, built complete-set capability for large generator units used in data centers, passed TLC certification, and delivered its first batch of orders. The company said that in the second half of the year it will step up domestic and overseas market development, seize the data center power station supporting market, accelerate new product research and development and overseas certification, and that as new production capacity is completed, the high-power engine business supporting data centers is expected to grow further and rapidly.

SDEC announced that its controlling shareholder SAIC Motor, based on confidence in the company's future development prospects and recognition of its intrinsic investment value, has pledged not to reduce its holdings of the company's shares in any way within six months starting from July 22, 2026, including newly added shares obtained through capital reserve conversion into share capital, stock dividend distribution, and other means. As of now, SAIC Motor holds 539 million shares of the company, accounting for 38.86% of the total share capital.

Power HF disclosed its earnings forecast, projecting a net profit attributable to the parent of 70 million to 90 million yuan for the first half of 2026, compared with a loss of 301 million yuan in the same period last year. Deducted non-recurring net profit is expected to be 45 million to 65 million yuan, versus a loss of 431 million yuan a year earlier. The company's main business is the manufacturing and sale of diesel engines and heavy trucks. In the first half of 2026, engine sales reached 110,500 units, up 28.13 percent year on year, with the engine business growing rapidly. Its former wholly owned subsidiary, SAIC Hongyan Automotive, had its restructuring plan approved by the court on December 12, 2025, due to insolvency, and has been excluded from the consolidated financial statements since December 2025.