Hetai 2026 First-Half Revenue RMB5.681 Billion Up 4.31%, Net Profit RMB240 Million Down 32.23%
Shenzhen-based Hetai reported 2026 first-half revenue of RMB5.681 billion, up 4.31% year on year, and net profit attributable to shareholders of RMB240 million, down 32.23%. The decline was driven by RMB appreciation causing higher exchange losses and raw material price increases with a lag in pass-through. Excluding exchange-rate effects, smart controller business net profit rose 12.55%.
Hetai disclosed its 2026 semi-annual report on August 18. In the first half of 2026, the company achieved operating revenue of RMB5.681 billion, up 4.31% year on year; net profit attributable to shareholders of the listed company was RMB240 million, down 32.23% year on year; basic earnings per share was RMB0.2593. The company attributed the year-on-year decline in net profit mainly to a significant increase in exchange losses caused by the appreciation of the RMB against the US dollar, as well as to rising raw material prices and a time lag in price pass-through. Excluding the impact of exchange rate fluctuations, net profit attributable to shareholders of the listed company from the company's smart controller business segment increased by 12.55% year on year.
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