Siwei Tuxin (002405.SZ) released semi-annual results, with a net loss of 489 million yuan to mother

Zhitong Finance App News, Siwei Tuxin (002405.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved operating income of 1,767 billion yuan, an increase of 0.36% over the previous year; achieved net loss attributable to shareholders of listed companies of 489 million yuan; realized net loss of 483 million yuan attributable to shareholders of listed companies after deducting non-recurring profit and loss; and basic earnings per share - 0.2093 yuan.

In the first half of 2026, net profit attributable to shareholders of listed companies declined year-on-year. The main reason was weak domestic demand in the domestic passenger car market and a sharp decline in sales in the first half of the year, rising upstream raw material costs compressed automakers' profits, and downstream car companies tightened parts procurement budgets and transmitted operating pressure upstream, which led to a decline in sales prices and profit margins for the company's core products such as smart driving, vehicle regulation chips, and high-precision map services continued to be squeezed; revenue from the Zhixin and Smart Driving businesses declined slightly in the current period, even though the revenue data from the Zhiyun sector's high-margin high-precision map service declined significantly. The compliance services business has experienced significant growth, but the cloud Rising resource procurement costs have lowered the overall gross profit of the sector; superimposed companies are in a strategic transformation cycle, and rigid investment on the R&D side continues to occur. External pressure on the industry and phased internal investment have jointly driven the year-on-year decline in profits and increased losses in the current period.