Huamao Technology: Net profit is expected to decrease year-on-year by 76.80%–84.53% in the first half of 2026.

Haimao Technology announced that it expects net profit in the first half of 2026 to be RMB 21.1245 million–RMB 31.6867 million, representing a year-on-year decline of 76.80%–84.53%. During the reporting period, competition in the automotive industry intensified; downstream demand saw a year-on-year decline. The selling prices of the company’s main business products faced pressure, narrowing profit margins to some extent. In addition, the new production base of its Vietnam subsidiary is still in the capacity ramp-up stage; depreciation and amortization expenses increased, leading to a decline in consolidated gross margin.
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