Baiaosetu (688796.SH) released semi-annual results, with net profit of 241 million yuan to mother, an increase of 402.29% over the previous year

According to Zhitong Finance App News, Baiaosetu (688796.SH) released its 2026 semi-annual report. During the reporting period, the company achieved operating income of 941 million yuan, an increase of 51.60%; net profit attributable to shareholders of listed companies was 241 million yuan, an increase of 402.29%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 197 million yuan, an increase of 591.53% year on year; basic earnings per share were 0.54 yuan.

During the reporting period, revenue increased compared to the same period last year. Mainly, the company relied on forward-looking research and development, high-quality products and services, and the world's top customer network. The two major business lines achieved collaborative development of two-wheel drive, driving continuous rapid revenue growth. During the reporting period, net profit to the mother increased year-on-year, mainly due to the increase in the company's operating income. At the same time, a high level of R&D investment built solid technical barriers to maintain a high level of gross margin. Furthermore, with the expansion of business scale and the continuous improvement of lean management capabilities, fixed costs were effectively diluted, which led to a significant increase in overall net profit.