AUX ELECTRIC (02580) released its interim results, with a net profit of 1.108 billion yuan, a year-on-year decrease of 40.8%.

AUX ELECTRIC (02580) released its mid-term results for 2026, with revenue of 17.504 billion yuan, a year-on-year decrease of 12.9%; net profit of 1.108 billion yuan, a year-on-year decrease of 40.8%; basic earnings per share of 0.70 yuan. The decline in revenue during the period was mainly due to ongoing geopolitical tensions in the Middle East and weak domestic terminal consumption demand. The overall gross margin of the company decreased from 19.5% in the first half of 2025 to 18.1% in the first half of 2026. This reduction was primarily attributed to persistently high raw material costs, the appreciation of the RMB, and a decline in gross profit from exports. The gross margin for central air conditioning is generally higher than that for household air conditioning.