HAIWEI ELEC Reports Interim Results with 85.3% Drop in Profit Attributable to Shareholders
Stock News
Yesterday
HAIWEI ELEC (09609) has released its interim results for the six months ended June 30, 2026, reporting revenue of RMB 163.5 million, a year-on-year decrease of 10.9%.
Profit attributable to shareholders of the company stood at RMB 5.42 million, representing a significant decline of 85.3% compared to the same period last year, with basic earnings per share of RMB 0.03.
The decrease in group revenue for the six-month period was primarily attributed to intensified competition in the domestic market, which led to a reduction in the average selling prices of the group's main products.
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