Gasgoo Munich- Ningbo Jifeng Automotive Parts Co., Ltd. (Ningbo Jifeng) recently released a preliminary earnings forecast for the first half of 2026. The company expects net profit attributable to shareholders to reach between 332 million yuan and 398 million yuan — an increase of 178 million yuan to 244 million yuan, or a 115.78% to 158.67% jump from a year earlier.
Image source: Company filing screenshot
By the quarter, the second quarter showed significant growth. Jifeng anticipates net profit for the period will reach 200 million yuan to 266 million yuan, jumping 305.42% to 438.97% year-on-year. That also marks a 52.22% to 102.36% rise from the first quarter.
Excluding non-recurring items, first-half net profit is projected at 280 million yuan to 346 million yuan, up 48.50% to 83.50%. For the second quarter alone, adjusted net profit is expected to be 168 million yuan to 234 million yuan, climbing 68.44% to 134.43% from a year ago and rising 51.05% to 110.23% from the prior quarter.
The surge was driven by two main business units. On one hand, passenger vehicle seat orders entered mass production, pushing first-half revenue past 4 billion yuan — double the figure from last year. Economies of scale and cost-reduction measures helped the unit swing to a profit from a year-earlier loss. On the other hand, subsidiary Grammer Aktiengesellschaft continued its global integration as planned. The rollout of TOP10 projects boosted profitability by more than 50% year-on-year.
Jifeng noted that these figures are preliminary calculations by its finance department and have not yet been audited. Final results will be published in the official 2026 semi-annual report. The company added that it sees no material uncertainties that would significantly alter this forecast.
