Ruifeng Power FY26 H1 profit drops 9.5% to RMB 15.7 million; revenue falls 5.4% to RMB 520.5 million
PUBT·
- Ruifeng Power reported a 9.5% drop in profit attributable to shareholders to RMB 15.7 million and a 5.4% revenue decline to RMB 520.54 million for the first half of 2026.
- The financial shift reflects a strategic pivot toward higher-margin products amid rising raw material costs, resulting in a slightly widened gross margin of 11.6%.
- Management expects to supply premium products to Geely Automobile and Chery Automobile starting in the second half of 2026.
