Chaowei Power Holdings reported revenue of RMB 24.12 billion for the six months ended 30 June 2026, down 11.5 % year-on-year, as lower renewable-materials sales offset battery-segment growth. Gross profit fell 13.7 % to RMB 1.54 billion and gross margin slipped to 6.4 % from 6.6 %.

Profit attributable to shareholders declined 27.4 % to RMB 148.86 million, driving basic EPS down to RMB 0.13. Management cited higher production costs and intensified end-market price competition in certain regions as additional drags on profitability.

Lead-acid motive batteries remained the core revenue contributor, generating RMB 12.69 billion, or 52.6 % of total turnover. Within this, electric-bike batteries delivered RMB 8.37 billion (34.7 % of sales) while electric-vehicle and special-purpose batteries added RMB 4.33 billion (17.9 %). Lithium-ion battery sales reached RMB 363.77 million.

Operating expenses reflected mixed trends: distribution and selling costs fell 12.9 % to RMB 381.55 million, but administrative expenses rose 17.1 % to RMB 330.07 million. R&D spending eased 9.2 % to RMB 597.25 million, equal to 2.5 % of revenue. Finance costs decreased 24.1 % to RMB 185.25 million on lower borrowing expenses.

Net cash from operations amounted to RMB 400.87 million. Cash and bank balances stood at RMB 3.89 billion, while net debt totalled RMB 2.79 billion. The current ratio was 1.25 and the gearing ratio 10.7 %. Capital commitments contracted but unprovided for were RMB 69.01 million.

The board declared no interim dividend; a final dividend of HKD 0.056 per share (RMB 0.049) in respect of FY 2025 was paid in July 2026.

Management will continue to invest in lead-acid, lithium-ion and sodium-ion battery technologies, advance its “Zero-Carbon CHILWEE” and “Smart CHILWEE” initiatives, and expand across mobile and stationary energy-storage markets while pursuing digital and green upgrades.