In its semi-annual report for 2026, released on the evening of August 28, Ningbo Fangzheng Automobile Mould Co.,Ltd. (300998.SZ) posted total revenue of 572 million yuan for the first half of the year, with net profit attributable to shareholders reaching 1.3518 million yuan, marking a return to profitability compared to the same period last year.
More notably, net cash flow generated from operating activities surged to 44.8095 million yuan during the reporting period, a substantial year-on-year increase of 330.07%, indicating a significant recovery in the company's core business cash-generation capability.
Breaking down the business segments, the traditional mould business generated 232 million yuan in revenue during the first half, impacted primarily by cyclical fluctuations in automotive industry capital expenditure. However, the segment's gross margin improved by 2.28 percentage points to 18.65%, reflecting enhanced cost control and improved order selection quality. The plastic products and accessories segment delivered revenue of 67.1226 million yuan, up 10.82% year-on-year, with gross margin climbing 5.43 percentage points to 25.56%, emerging as a bright spot within the traditional operations.
The new energy structural components business collectively generated 176 million yuan in revenue, a year-on-year increase of 1.73%, representing approximately 30.7% of total company revenue. Within this segment, lithium battery module conductive connectors performed notably well, posting revenue of 78.4569 million yuan, up 14.44% year-on-year. Cash flow and asset quality have improved in tandem. During the first half, operating cash flow turned positive at 44.8095 million yuan, compared to a negative 19.4765 million yuan in the same period last year, primarily driven by increased collections from product sales. Meanwhile, accounts receivable balances declined from 561 million yuan at the beginning of the year to 457 million yuan, a reduction of approximately 18.51%, indicating improved asset turnover efficiency.
In terms of industrial investment and strategic positioning, the robotics and intelligent manufacturing sector has become a key focus for the company's layout. During the reporting period, the company made an additional investment of 21.437 million yuan in Ningbo Nash Electric Drive Robot Co., Ltd., reclassifying it from other equity instrument investments to long-term equity investment accounting. The company also made a new investment of 6 million yuan in Sesot Shanghai Intelligent Technology Co., Ltd., and invested 28.8336 million yuan in overseas entity INTE MODULAR LTD., further enhancing its international industrial chain footprint. Additionally, the company's wholly-owned subsidiary Zhejiang Chuangjixing Robot Co., Ltd. had been established earlier, marking a substantive step into the industrial robot manufacturing and sales arena.
Looking ahead, industry analysts suggest that with the gradual release of production capacity at Anhui Fangzheng New Energy, continued contribution of investment income from associated enterprises such as Junpeng Communication, and the maturing of the company's forward-looking positioning in the robotics and intelligent manufacturing track, Ningbo Fangzheng Automobile Mould Co.,Ltd.'s dual-wheel growth logic of traditional main business recovery combined with new track cultivation will progressively become clearer, warranting continued attention to its cross-cycle growth capabilities.
(This article does not constitute any investment advice. For disclosure information, please refer to official company announcements. Investors who act accordingly do so at their own risk.)