Chaowei Dynamics (00951) announced interim results. Profit attributable to owners was approximately 148.9 million yuan, a year-on-year decrease of 27.44%

According to the Zhitong Finance App, Chaowei Dynamics (00951) announced its 2026 interim results, with revenue of approximately RMB 24.117 billion, a year-on-year decrease of 11.52%; profit attributable to company owners was approximately RMB 148.9 million, a year-on-year decrease of 27.44%; and basic profit per share was RMB 0.13.

According to the announcement, the decline in revenue was mainly due to a decrease in sales of renewable materials during the period.

Lead-acid power batteries are the Group's main product. In view of their mature technology, stable and reliable performance and high applicability, they meet the needs of the electric bicycle scenario, so that lead-acid power batteries maintain their advantage in the electric bicycle market application. At this stage, lead-acid power batteries account for a significant share of the Chinese battery market. The Group relies on excellent technological strength and excellent product quality, combined with perfect market pipelines and deep brand effects, to maintain a leading position in the lead-acid power battery industry. During this period, sales revenue of lead-acid power batteries was approximately RMB 12.693 billion, accounting for about 52.6% of the Group's total revenue, of which sales revenue of electric bicycle batteries was approximately RMB 8.368 billion, accounting for about 34.7% of the Group's total revenue; sales revenue of electric vehicle batteries and special purpose electric vehicle batteries was approximately RMB 4.325 billion, accounting for about 17.9% of the Group's total revenue.