JOYSON ELEC (Ningbo Joyson Electronic Corp.) reported interim revenue of RMB 28.09 billion for the six months ended 30 June 2026, down 7.4% year-on-year, as softness in the PRC and North America outweighed European recovery.

Gross profit slipped 9.6% to RMB 4.98 billion, but the Group held gross margin at 17.7% (-0.4 ppt) thanks to procurement optimisation and rising overseas efficiency; overseas gross margin improved to 18.1%.

Profit attributable to owners edged up 4.4% to RMB 738.95 million, while net profit eased 4.5% to RMB 867.78 million. Basic EPS from continuing operations was RMB 0.48 (-4.6%). Operating cash inflow increased slightly to RMB 1.93 billion.

Segment mix shifted marginally: • Automotive Safety Solutions generated RMB 18.01 billion, 64.1% of total (-5.2% YoY). • Automotive Electronics Solutions delivered RMB 7.74 billion, 27.6% of total (-8.5% YoY). • Other businesses contributed RMB 2.34 billion, 8.3% of total (-18.9% YoY).

Geographically, overseas markets accounted for 76.4% of revenue (RMB 21.46 billion, ‑5.2% YoY), while China contributed 23.6% (RMB 6.63 billion, ‑14.1%).

Total loans and borrowings rose to RMB 26.13 billion; cash and cash equivalents were RMB 7.62 billion. Gearing ratio increased to 1.2 from 1.0 at end-2025. Net current assets stood at RMB 4.66 billion.

Capital expenditure reached RMB 1.88 billion (-3.5% YoY). R&D spending remained stable at RMB 1.71 billion, underpinning initiatives in intelligent driving, high-voltage e-mobility and in-vehicle optical communications.

During the period the company secured new design-wins valued at approximately RMB 44.9 billion (lifecycle), repurchased 3.99 million H shares for HK$60.41 million, and admitted two financial investors into its automotive safety subsidiary Anhui Joyson via a RMB 1.50 billion capital increase.

The board declared no interim dividend. Headcount totalled 43,204 and staff costs were RMB 6.15 billion.

Management flagged macro headwinds, raw-material inflation and supply-chain security as key risks but expects further overseas margin improvement on Chinese OEM expansion and intelligent-driving demand. JOYSON ELEC moved up eight places to 29th in Automotive News’ 2026 Top 100 global auto-parts suppliers ranking.