GreenSource Reports H1 2026 Net Profit of RMB 75.08 Million, Down 31.8% YoY

Green Power Group released its financial results for the first half of fiscal year 2026 (January to June 2026) on August 27, 2026. During the reporting period, the company generated total revenue of RMB 2.463 billion, a year-over-year decrease of 20.4%; gross profit amounted to RMB 340 million, with a gross margin of 13.8%; net profit attributable to shareholders of the parent company stood at RMB 750.82 million, down 31.8% year-over-year; basic earnings per share were RMB 0.20, and diluted earnings per share were RMB 0.19. As of June 30, 2026, the company sold approximately 402,000 electric motorcycles, an increase of 78.2% year-over-year, ranking first in China’s electric motorcycle market by sales volume. In terms of overseas business, sales volumes grew by approximately 40% year-over-year during the reporting period. The company continues to advance its "One Core, Two Wings" development strategy, where the "core" refers to its domestic electric two-wheeler business, and the "two wings" encompass its overseas operations and embodied intelligent robotics business. In the field of embodied intelligence, the company has secured orders for over 100,000 high-precision planetary reduction joint modules and 10,000 complete robotic units, with plans to complete delivery of 50% of these orders within 2026 and the remainder expected to be delivered in the first half of 2027.