Joyson Electronics (00699) announced interim results, with net profit of 740 million yuan to mother, an increase of 4.4% over the previous year

According to Zhitong Finance App News, Joyson Electronics (00699) announced results for the six months ended June 30, 2026. The company achieved operating income of about RMB 28.1 billion, realized profit attributable to owners of the parent company of about RMB 740 million, an increase of about 4.4% over the previous year, and achieved a net operating cash flow of about RMB 1.93 billion, which continued to increase year-on-year. On this basis, the company continues to accelerate business expansion into other emerging technology industries through organizational innovation and strategic expansion, embark on a journey of re-entrepreneurship, and create a second growth curve.

During the reporting period, the estimated total life cycle order amount for the company's newly designated projects was about RMB 44.9 billion. Leading independent brands and new car builders are becoming the core driving force for order growth, and the share of orders continues to rise. According to the 2026 Global Top 100 Auto Parts Suppliers list published by “Automotive News” (Automotive News), the company ranked 29th in the world, an increase of 8 places over 2025, further consolidating its leading position in the global industry.

Facing the rise in prices of some raw materials, especially automotive-grade chips and electronic components, the company effectively guarantees the stable operation of production through procurement strategies such as early price locking and necessary spot guarantee and supply, and actively responds to the impact of rising raw materials through customer price compensation and internal cost reduction. On the other hand, the company continues to promote operational efficiency improvements in key areas such as procurement cost optimization and manufacturing efficiency improvement, effectively hedging the impact of falling revenue and rising prices of some raw materials, and driving the company to achieve an overall gross margin of about 17.7%. Against the backdrop of revenue pressure, the overall gross margin remains relatively stable, showing strong profit resilience. Overseas regions, in particular, have benefited from the perfect global layout and the gradual results of various cost reduction and efficiency measures promoted in the early stages. Gross margin continued to rise to 18.1%, and business performance continued to improve. Looking ahead to the second half of the year, along with the recovery of overseas automobile markets such as Europe, the acceleration of Chinese car companies' overseas expansion, effective control of the company's overseas operating costs and steady improvement in operational efficiency, and a solid customer base, the revenue and profitability of overseas regions are expected to increase further.