Wan Liyang (002434.SZ) announced semi-annual results, with net profit of 703.402 million yuan to mother, a year-on-year decrease of 74.56%

According to Zhitong Finance App News, Wan Liyang (002434.SZ) released the 2026 semi-annual report. During the reporting period, the company achieved operating income of 1,958 billion yuan, a year-on-year decrease of 30.35%; realized net profit attributable to shareholders of listed companies of 703.402 million yuan, a year-on-year decrease of 74.56%; realized net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 39.0618 million yuan, a year-on-year decrease of 77.72%; basic earnings per share were 0.05 yuan.

In the first half of 2026, the company achieved a 30.35% year-on-year decline in revenue, mainly due to factors such as the decline in passenger car sales in China, especially the large drop in fuel passenger car sales, and the decline in overseas export sales of the company's CVT automatic transmission supporting domestic own-brand vehicle customers and a large decrease in direct export sales of overseas vehicle customers supporting overseas vehicle customers. On the other hand, since July 2025 and September 2025, the company no longer included Zhejiang Wanliyang High-end Foundry Co., Ltd. and Zhejiang Wanliyang Energy Technology Co., Ltd. in the scope of consolidated financial statements, respectively, and the operating income of these two companies decreased accordingly in the first half of 2026.

In the first half of 2026, the company achieved a year-on-year decrease of 74.56% in net profit attributable to shareholders of listed companies. On the one hand, in the first half of 2025, the company reduced its holdings of Zhejiang University Wangxin Technology Co., Ltd. by 53 million shares and received an investment income of 119 million yuan. In the first half of 2026, the company had no revenue from this business. On the other hand, the company's revenue declined a lot year on year. Coupled with the rising prices of aluminum and steel, the main raw materials of the company's products, further increased costs, which led to a significant year-on-year decrease in the company's net profit in the first half of 2026.