Xiaxia Precision (001306.SZ) announced semi-annual results, with a net loss of 53.2656 million yuan to the mother, which changed from profit to loss over the previous year

According to Zhitong Finance App News, Xia Xia Precision (001306.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved operating income of 411 million yuan, an increase of 10.07%; achieved a net loss attributable to shareholders of listed companies of 532.656 million yuan, which changed from profit to loss over the previous year; realized a net loss of 53.9755 million yuan attributable to shareholders of listed companies after deducting non-recurring profit and loss; basic earnings per share -0.86 yuan.

During the reporting period, the main reasons for the increase in the company's revenue but the decline in net profit were: (1) the automobile gear business accounted for more than 50% of the company's revenue. Due to increased competition in the domestic automobile industry and the increase in product unit costs, the gross margin of the automobile gear business declined; (2) The company prepared 21.4517 million yuan for inventory price reduction according to the “Corporate Accounting Standards”, which affected profits for the year; (3) The company actively expanded new products in new markets and products. The company continued to invest in new product development and Vietnamese factories during the reporting period, which increased the company's expenses during the reporting period.