Shengyang Reports H1 2026 Revenue Growth, Net Profit Decline Amid Exchange Losses and Lithium Biz Loss

Published: Aug 26, 2026 17:17
[Lead-Acid Battery Enterprise Update] Shengyang Co., Ltd. announced that its H1 2026 revenue was 2.027 billion yuan, up 18.18% YoY; net profit attributable to shareholders of the publicly listed firm was 110 million yuan, down 14.72% YoY from 129 million yuan in the same period of 2025; net profit excluding non-recurring items was 107 million yuan, down 11.93% YoY from 122 million yuan in the same period of 2025. The YoY decline in net profit was primarily due to significant exchange losses caused by RMB exchange rate fluctuations and the stage loss incurred by the controlled subsidiary Shengyang Lico's cylindrical lithium battery business, which is still in the incubation phase.

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