WuXi Xinje Electric Co Ltd

Xinje Electric released its 2026 interim report on August 26. During the reporting period, the company achieved operating revenue of 1.102 billion yuan, up 25.60 percent year on year. Net profit attributable to the parent company was 155 million yuan, up 21.98 percent year on year. Non-GAAP net profit was 132 million yuan, up 12.54 percent year on year. Among these, drive system product revenue was 564 million yuan, accounting for 51.23 percent of the total and up 30.27 percent year on year. Programmable controller revenue was 366 million yuan, accounting for 33.20 percent and up 16.57 percent year on year. Embodied intelligence business revenue was 60 million yuan, surging 114.70 percent year on year and becoming the largest growth engine. The company said the profit growth mainly benefited from recovering demand in downstream new energy, semiconductor, and robotics sectors, as well as the commercial deployment of core components for humanoid robots. Research and development expenses were 109 million yuan, up 28.15 percent year on year, supporting technological breakthroughs in key components such as coreless motors and frameless torque motors. Looking ahead, the company is optimistic about opportunities brought by equipment renewal and the industrialization of humanoid robots, but it needs to watch for intensifying industry competition and accounts receivable risks.

Xinje Electric disclosed its 2026 semi-annual results on August 26. During the reporting period, the company achieved operating revenue of 1.102 billion yuan, up 25.6% year on year. Net profit attributable to shareholders of the listed company was 155 million yuan, up 21.98% year on year. Basic earnings per share were 0.99 yuan. The profit growth was mainly due to higher sales of products such as the company's drive systems and intelligent equipment, including embodied intelligence, during the reporting period.