MINTH GROUP reported resilient interim results for the six months ended 30 June 2026.

Revenue rose 9.1 % year on year to RMB 13.41 billion, supported by double-digit growth in Europe, the Middle East and Africa (EMEA) and solid gains in the Americas. Gross profit expanded 10.6 % to RMB 3.84 billion, lifting the gross margin by 0.3 percentage point to 28.6 %.

Profit attributable to shareholders increased 12.3 % to RMB 1.43 billion, and basic earnings per share reached RMB 1.235. No interim dividend was proposed; a final dividend of HKD 0.764 per share for 2025 was paid on 30 June 2026.

Regional performance diverged. EMEA revenue climbed 16.0 % to RMB 4.94 billion, while the China market edged down 0.6 % to RMB 4.28 billion. The Americas delivered 8.5 % growth to RMB 3.31 billion, and Japan & Korea surged 48.8 % to RMB 0.67 billion.

By product line, Body Structure (formerly Battery Housing) remained the largest contributor with RMB 4.51 billion of sales, followed by Plastic (RMB 3.23 billion), Metal & Trim (RMB 2.74 billion), Aluminium (RMB 2.40 billion) and Others (RMB 1.72 billion).

Operating cash inflow stood at RMB 1.65 billion, down from RMB 2.24 billion a year earlier, reflecting increased working-capital needs. Capital expenditure rose to RMB 1.62 billion (H1 2025: RMB 0.90 billion), mainly for global capacity expansion in battery housings and structural components.

The balance sheet remained solid with cash, pledged deposits and time deposits of RMB 7.50 billion against interest-bearing borrowings of RMB 8.95 billion, implying a gearing ratio of 20.4 % (31 December 2025: 21.2 %). Net current assets totalled RMB 2.45 billion.

Research expenditures reached RMB 820.87 million, equal to 6.1 % of revenue, as the Group pressed ahead with development in battery housings, body & chassis structures, intelligent exterior components and emerging sectors such as AI-related cooling systems and robotics.

Management reiterated its focus on global localisation (“GLOCAL”) operations, cost optimisation and diversified product development to mitigate geopolitical and trade-policy uncertainties and to support long-term sustainable growth.