Wuling Motors (00305) expects mid-term net profit of about 63 million yuan

Zhitong Finance App News, Wuling Auto (00305) issued an announcement. It is expected that the Group will obtain net profit of about RMB 63 million for the six months ended June 30, 2026, a decrease of about 27% compared with the net profit of RMB 85.809 million for the six months ended June 30, 2025; and the Company will obtain the profit attributable to the Company's owners of approximately RMB 26 million for the six months ending June 30, 2025. Compared to the yuan, it was reduced by about 34%.

According to the announcement, the main reasons for the decline in the Group's unaudited net profit during the period and the decline in profit attributable to the Company's owners were due to the steady increase in R&D expenses due to the Group's continued implementation of new products and development projects, as well as the increase in losses due to the Group's associated company, Liuzhou Wuling New Energy Vehicle Co., Ltd., which was still in the early stages of operation during the review period and due to the adverse market environment.