Power Xinchen Reports Interim Results with 9.6% Rise in Shareholder Profit
Stock News
Aug 20
Power Xinchen (01148) has announced its financial results for the six-month period ended June 30, 2026, posting a net profit attributable to shareholders of RMB 18.083 million, marking a 9.6% increase year-over-year.
The company recorded total revenue of RMB 1.223 billion for the period, reflecting a significant decline of 56.4% compared to the previous year. Basic earnings per share stood at RMB 0.014.
The decrease in total revenue during the period was primarily attributable to a reduction in transaction volumes for range-extender gasoline engines.
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