NINGBO HENGSHUAI Co. LTD.

Hengshuai Shares disclosed its 2026 semi-annual report on the evening of August 27. In the first half of the year, it achieved operating revenue of 523 million yuan, up 22.01 percent year on year, and net profit attributable to shareholders of the listed company of 78.5121 million yuan. The revenue growth was mainly driven by the rapid ramp-up of motor products, with motor product revenue of 239 million yuan, up 24.21 percent year on year, cleaning product revenue of 218 million yuan, up 8.73 percent, and other product revenue of 56.7098 million yuan, up 85.49 percent. The new energy vehicle parts business became an important growth pole, with revenue in this segment reaching 215 million yuan in the first half, accounting for 41.91 percent of main business revenue. The company made phased breakthroughs in harmonic magnetic field motor technology and new magnetic material technology, which have been applied to products such as drum motors and air pump motors, and it is trying to expand into scenarios such as automobiles, industrial automation, and humanoid robots. In overseas markets, the company's overseas revenue was 215 million yuan, up 18.78 percent year on year. It has become a tier-one supporting supplier to automakers such as BMW, Honda, and Hyundai, and has set up production bases in the United States and Thailand. Once the Thailand project reaches full production, it will enhance overseas delivery capability.