Bohai Leasing H1 2026 Revenue Falls 16.86% to RMB 23.66 Billion; Net Profit Turns Positive
Bohai Leasing reported total operating revenue of RMB 23.663 billion for the first half of 2026, down 16.86% year on year, and net profit attributable to shareholders of RMB 3.204 billion, reversing a loss of RMB 2.019 billion in the year-earlier period. Basic earnings per share stood at RMB 0.5209. The turnaround was driven by resilient global air passenger demand and constrained aircraft manufacturer capacity, which kept aircraft values, rental rates and utilisation elevated. The year-earlier comparison was also distorted by a RMB 3.289 billion goodwill impairment booked on the sale of GSCL shares.
Bohai Leasing disclosed its interim report on August 21, 2026. In the first half of 2026, the company achieved total operating revenue of RMB 23.663 billion, down 16.86% year on year. Net profit attributable to shareholders of the listed company was RMB 3.204 billion, compared with a loss of RMB 2.019 billion in the same period of 2025, marking a turnaround from loss to profit. Basic earnings per share were RMB 0.5209.
During the reporting period, the main driver of the profit change was buoyant global air passenger demand, coupled with constrained aircraft manufacturer capacity, which kept aircraft market values, rental rates and utilisation rates at elevated levels and supported continued profit growth in the company's aircraft leasing business. In addition, the same period of 2025 included a goodwill impairment loss of RMB 3.289 billion recognised upon the sale of GSCL shares, which also affected the comparison of current-period profits.
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