Foton Motor Posts H1 Revenue of RMB 33.67 Billion, Net Profit RMB 905 Million

Foton Motor released its 2026 semi-annual report on August 28. In the first half of 2026, the company achieved operating revenue of RMB 33.668 billion, up 10.86% year on year; total profit of RMB 904 million, up 20.44%; net profit attributable to shareholders of listed company of RMB 905 million, up 16.54%; and net profit excluding non-recurring items of RMB 777 million, up 41.04%.

In terms of sales, Foton Motor sold a cumulative 360,400 vehicles in the first half of 2026, up 10.1% year on year, with a market share of 15.7%, up 0.3 percentage points from the same period in 2025. Among them, medium and heavy truck sales reached 100,600 units, up 39.3%, with market share up 1.6 percentage points; light trucks including mini trucks sold 234,900 units, ranking first in market share in both traditional energy and new energy segments domestically; large and medium buses sold 2,716 units, up 17.4%. The light passenger vehicle segment faced pressure from market competition, but with the launch of new products such as the Scenery i and Lefu, new energy sales have begun to recover.

In overseas business, Foton Motor exported 109,000 vehicles in the first half of 2026, up 38.9% year on year, with heavy truck exports growing over 63%. According to the overseas "3040" strategic plan, Foton Motor targets annual overseas sales exceeding 400,000 vehicles by 2030, with new energy accounting for 30%. At the brand day event held on August 28, Wu Zongtian, president of the overseas division, announced that the Foton Galaxus R9 premium heavy truck has officially entered the Americas market. The vehicle has completed a real-world test spanning 19 cities across 7 countries in the Americas, covering 15,000 kilometers. Foton Motor will subsequently improve its localized supply chain, service system, and compliance system in the Americas.

In new energy business, Foton Motor sold 59,000 new energy vehicles in the first half of 2026, up 17.9% year on year, lower than the industry's overall growth of 36.6%. The company stated that the lower growth rate was mainly due to proactive optimization of the new energy product structure in the first quarter, phasing out some low-margin old models, while the share of high-margin new energy logistics models has steadily increased. On August 28, Foton Motor launched two strategic new energy products. Among them, the Kawen Xinghai new energy luxury flagship heavy truck's pure electric version has a range exceeding 600 kilometers, and it is the industry's first to mass-produce 800V high-voltage liquid-cooled ultra-fast charging technology, capable of charging from 20% to 80% in 18 minutes. The Lefu V7 is defined as a new MPVan product category, filling the gap in the domestic high-end new energy passenger VAN segment.

In terms of intelligence, Foton Motor officially released the Cangqiong Zhijia product architecture platform on August 28, divided into three major product architectures: Cangqiong A, B, and C, covering scenarios such as closed parks, urban roads, highway mainlines, and fully unmanned driving. Currently, L4 unmanned driving in closed scenarios such as ports and mining areas has begun commercial demonstration operations, while highway mainlines mainly feature L2+ highway pilot-assisted driving installed in vehicles, and L3 high-level autonomous driving remains in the road pilot stage.