Hongfuhan announced that its estimated net profit attributable to shareholders for the first half of 2026 is between 73 million and 83 million yuan, representing a year-on-year increase of 221.13% to 265.13%. The significant growth is mainly driven by strengthened market expansion, deepened existing customer value, and emerging segment layout, with thermal management and automation equipment businesses continuing to scale up alongside cost optimization improving profitability.
Performance Forecast and Core Growth Drivers
Hongfuhan released its 2026 semi-annual performance forecast, estimating net profit attributable to shareholders in the range of 73 million to 83 million yuan, with a year-on-year growth rate of 221.13% to 265.13%. This growth rate ranks among the leading levels in the auto parts and electronics manufacturing sectors. The core growth drivers come from market expansion in the thermal management and automation equipment segments. Against the backdrop of continued new energy vehicle penetration growth, battery thermal management and electric drive cooling demands are experiencing explosive growth. Leveraging its technical accumulation in thermal modules, Hongfuhan has successfully entered the supply chains of leading customers. While deepening existing customer value, the company actively laid out emerging segments, and the rapid business scale expansion significantly reduced unit costs through scale effects. For investors and buyers tracking the globalization of China's auto supply chain, Hongfuhan's profit release signals high prosperity across the industry chain. More corporate financial data can be tracked through EX1000.COM.
Business Structure and Market Strategy
- Thermal management business benefits from explosive NEV thermal management demand with sustained high order growth
- Automation equipment business follows the smart manufacturing trend, providing production line upgrade solutions for downstream customers
- Cost control measures take effect, with gross and net margins significantly improving year-on-year
- Emerging segment layout includes energy storage thermal management and data center cooling as incremental markets
- Strengthen market expansion to cover more Tier 1 and OEM customers
- Deepen existing customer value to enhance per-customer value and product penetration
- Lay out emerging segments, entering energy storage and data center cooling sectors
- Optimize cost structure to release scale effects and improve profitability
Financial Metrics and Industry Comparison
| Metric | H1 2026 Forecast | H1 2025 Same Period | YoY Change |
|---|---|---|---|
| Net Profit | 73-83M yuan | 22.74M yuan | +221%~265% |
| Business Segment | Thermal + Automation | Traditional Focus | Structural Upgrade |
| Growth Driver | NEV Thermal Management | Existing Customer Maintenance | Segment Switch |
| Profit Quality | Scale Effect + Cost Control | Single Driver | Multi-dimensional Improvement |
From an industry perspective, Hongfuhan's performance growth is not an isolated case. In the first half of 2026, upstream segments of the new energy vehicle industry chain including thermal management, electronic components, and automation equipment are generally experiencing high prosperity. As global electrification accelerates, Chinese parts companies' technical advantages in thermal management and electric drive are transforming into tangible orders and profits. Hongfuhan's successful path also provides reference for similar enterprises: focus on core new energy demands through technology concentration, and achieve profitability leaps through scale expansion and cost optimization.
