Wanfeng Auto Reports H1 2026 Revenue and Profit Decline, Advances in Green Energy Initiatives

On August 23, Luopusijin announced that the company planned to jointly invest with related party Zhongyifeng Urban Construction to establish Suzhou Zhongjie Industrial Investment Co., Ltd., with a registered capital of 21 million yuan. The company will contribute 10.71 million yuan in cash, holding 51% equity and serving as the controlling shareholder; the related party will contribute 10.29 million yuan, holding 49% equity. The joint venture will focus on industry chain investments, aiming to empower the coordinated development of the company’s core businesses, including aluminum extrusion, inspection and testing, and intelligent construction. This transaction constitutes a related-party transaction and has been reviewed and approved by the board of directors.

On August 21, China Hongqiao announced its unaudited results for the six months ended June 30, 2026. Revenue increased by approximately 8.0% compared to the same period last year, to approximately 87.506 billion yuan; net profit attributable to shareholders of the company increased by approximately 39.2% compared to the same period last year, to approximately 17.21 billion yuan. The increase in net profit was mainly attributable to a YoY increase in the selling prices of the Group’s aluminum alloy products, a YoY increase in sales volume of aluminum alloy deep-processed products, and a YoY increase in their selling prices. During the period, the Group’s sales volume of aluminum alloy products reached approximately 2.811 million mt, down by approximately 3.3% from approximately 2.906 million mt in the same period last year; the Group’s sales volume of alumina products was approximately 6.917 million mt, up by approximately 8.6% compared to the same period last year. The Group’s sales volume of aluminum alloy deep-processed products was approximately 444,000 mt, up by approximately 23.2% compared to the same period last year.

On August 23, Lops King released its 2026 semi-annual report. In H1 2026, the company achieved total operating revenue of 681 million yuan, down 11.21% YoY; net profit attributable to the parent was 20.0869 million yuan, down 36.07% YoY. During the reporting period, the primary aluminum industry chain in which prebaked anodes are positioned maintained sound development momentum. Driven by rising primary aluminum prices and robust market demand, the prices of key raw material petroleum coke and the company’s core product, prebaked anodes, increased in tandem. Meanwhile, the company’s sales increased by approximately 10% YoY. These factors together drove the company’s operating revenue up YoY.