Shinelong Automotive interim revenue rises on higher mould sales

Shinelong Automotive Lightweight Application

25/08/2026 13:32

Overview
China automotive mould maker's interim revenue rose 24.9% yr/yr on higher mould sales
Net profit attributable to owners fell 12.3% due to lower gross margin and higher expenses
Company cites intense competition, rising costs, and weak demand as factors impacting profit

Outlook
Company expects fierce competition in the automotive industry to persist in H2 2026
Company anticipates raw material prices to remain high and volatile, pressuring profitability
Company plans to expand domestic and overseas markets and pursue new business opportunities

Result Drivers
MOULD SALES GROWTH - Revenue rose due to higher sales of automotive and electrical appliance moulds
COMPETITION PRESSURE - Gross profit margin fell due to fierce market competition in automotive moulds segment
EXPENSES AND OTHER INCOME - Higher selling and administrative expenses and lower other income contributed to profit decline

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 147.60 mln
 
H1 Net Income Attributable
 
RMB 7.20 mln
 

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-25/7a19a8e0-7c98-4bb9-8be6-0a0400277c6c.file
(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.)