Chinese battery maker Chaowei Power's H1 revenue falls, profit drops

Chaowei Power Holdings

26/08/2026 15:12

Overview
China battery maker's H1 revenue fell to RMB24.1 bln from RMB27.3 bln yr/yr
Net income attributable to owners dropped to RMB149 mln from RMB205 mln yr/yr
Company did not declare an interim dividend for the period

Outlook
Company did not provide specific financial guidance or outlook for future periods in the press release

Result Drivers
RENEWABLE-MATERIALS SALES – Revenue fell 11.5% to RMB24.12 bln, mainly due to lower renewable-material sales, which declined to RMB11.06 bln from RMB13.69 bln
PRODUCTION COST PRESSURE – Gross margin fell to 6.4% from 6.6%, primarily due to relatively higher production costs and end-market price competition in certain regions

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 24.12 bln
 
H1 Net Income Attributable
 
RMB 148.9 mln
 

Analyst Coverage
The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 3 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)