Weidan International (02317) announced interim results. Profit attributable to shareholders of US$8.888 million increased 16.98% year over year

According to the Zhitong Finance App, Weidan International (02317) announced interim results for the six months ended June 30, 2026. The group achieved revenue of US$206 million, an increase of 11.57%; profit attributable to the company owners was US$8.888 million, an increase of 16.98% year on year; basic profit per share was 0.58 US cents, and an interim dividend of 0.526 cents per share was proposed.

During the current period, due to increased competition, changes in the international market and geopolitical influence, the Group's overall gross margin decreased slightly from 17.3% in the same period last year to 17.0%, but due to increased revenue, gross profit was US$349.28 million, an increase of US$3.119 million over the previous period; net profit increased to 4.3% from 4.1% in the same period last year, and net profit was US$8.9 million, an increase of US$1.29 million over the previous period.