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(PR-inside.com) NEW YORK CITY, NY / ACCESS Newswire / August 20, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired The Simply Good Foods Company (NASDAQ:SMPL) securities. If you suffered a loss on your The Simply Good Foods Company investment and would like to explore a potential recovery under the federal securities laws, Learn about The Simply Good Foods Company Class Action or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A ..
Aug 21 · 03:20·PR-Inside
Finance
(PR-inside.com) NEW YORK CITY, NY / ACCESS Newswire / August 20, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Wix.com Ltd. (NASDAQ:WIX) securities. If you suffered a loss on your Wix.com Ltd. investment and would like to explore a potential recovery under the federal securities laws, Learn about Wix.com Ltd. Class Action or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed against Wix.com Ltd. ..
Aug 21 · 03:20·PR-Inside
Finance · Energy
New York, New York--(Newsfile Corp. - August 20, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of First Solar, Inc. (NASDAQ: FSLR) between February 26, 2025 and February 24, 2026, inclusive (the "Class Period"), of the important August 24, 2026 lead plaintiff deadline.SO WHAT: If you purchased First Solar securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a...
Aug 21 · 03:17·mlpr-newsfile
Finance · Energy
HONG KONG, August 21, 2026 - (ACN Newswire) - On August 20, Chery Automobile (9973.HK), a leading Chinese automaker, officially released its 2026 interim results report, marking its first interim results since listing on the Hong Kong Stock Exchange.
Against the backdrop of intensifying competition in China’s domestic automotive market, sustained profit erosion from ongoing industry price wars, and a widespread phenomenon where automakers see revenue growth without corresponding profit growth, Chery has delivered a semi-annual report that demonstrates both scale resilience and earnings quality. Powered by its two growth engines, exports and new energy vehicles, the Company not only achieved steady scale expansion but also validated its long-term growth narrative with net profit margins that outperform peers and superior earnings quality, further underscoring its value in the capital markets.
Steady Improvement in Operational Quality, in Line with Institutional Expectations
Looking at the core operational data, Chery Automobile’s overall operational quality continued to improve steadily in the first half of the year, with its earnings structure particularly standing out. During the reporting period, the Company recorded revenue of approximately RMB 143,280 million, representing a year-on-year increase of 1.2%, fully demonstrating its robust capability to withstand cyclical industry pressures.
Profit for the period reached RMB 9,016 million, representing a year-on-year increase of -9.0%; gross profit margin improved to 16.1%, representing an increase of 3.1 percentage points from the same period last year; net profit margin for the period came in at 6.3%, significantly outperforming industry peers and reflecting superior earnings quality. The core drivers of this earnings improvement lie in the Company’s new energy vehicle (NEV) business transitioning from a “scale-first” approach to a “scale-profit balance” strategy, and the acceleration of its globalization strategy, which is evolving from “exporting products” to a “full-system going global” model. The concurrent improvement in both gross and net profit margins validates the combined effectiveness of the Company’s NEV transition, product structure iteration, refined operations, and overseas business structure optimization, with operational quality and efficiency continuing to trend upward.
The Company’s corporate strength has also been recognized by authoritative institutions. It made its debut on the Fortune Global 500 list as a listed company, securing the 383rd position. With a return on equity (ROE) of 36.5%, it ranked 30th globally on the ROE sub-ranking and first among all Chinese companies on the list. Its exceptional asset return capability, corroborated by net profit margins that outpace leading peers, underscores the Company’s outstanding profitability quality and capital return efficiency.
In response to the common industry challenge of “more revenue but less profit”, Chery Automobile has been enhancing profitability through product mix optimization and expansion of its overseas business, thereby steadily boosting its resilience against economic cycles.
Comparing the interim results with previous institutional forecasts, CICC had previously assigned Chery a target price of HK$35-40 and projected a full-year 2026 profit of approximately RMB20.2 billion. Based on the interim results delivered, the Company’s overall operations are broadly in line with institutional expectations, with overseas business performance significantly exceeding market projections.
While intensifying competition in the Chinese market has exerted certain pressures, overseas revenue has emerged as a key performance engine. The robust growth in exports and the NEV segment has effectively offset domestic uncertainties, validating the strategic approach of “consolidating the domestic base while seeking incremental growth overseas” and laying a solid foundation for achieving full-year targets.
Institutions generally believe that as economies of scale are further realized, overseas production capacity comes on stream, and new models ramp up volume, the Company's subsequent profit elasticity is expected to gradually materialize.
Dual engine Growth Driven by Exports and New Energy Businesses to Build Long term Growth Momentum
Exports and new energy businesses constitute the dual engines underpinning Chery Automobile’s current round of performance growth. Together they create a dual-engine drive model of globalization coupled with accelerated NEV volume growth. In the first half of the year, Chery Group’s overseas business saw explosive growth, with cumulative exports hitting 943,800 units, representing a substantial year on year rise of 71.5%. Its leading edge in globalization has been further consolidated. Overseas revenue has grown robustly, becoming a key engine driving performance.
Moving beyond simple complete-vehicle exports, Chery Automobile has kept ramping up overseas resource investment to advance localized production, channel development and supply-chain deployment. Breaking away from the pure complete vehicle export model, it is pursuing integrated overseas operations spanning research, manufacturing and sales.
As at the end of July, Chery Group’s cumulative global user base exceeded 20.16 million, of which overseas users totaled over 6.99 million. This sizable user base bears testament to its past overseas achievements and forms a solid foundation for the future realization of overseas market value, fully demonstrating the robust global manufacturing capabilities of Chinese automakers.
The new energy business also delivered high quality growth against headwinds, acting as the other pillar of its dual-engine drive model. In the first half of the year, Chery Group posted new energy sales of 475,200 units, up 32.3% year on year. Its monthly wholesale volume of new energy vehicles has surpassed 100,000 units for multiple consecutive months, ranking among the industry’s top three with robust growth momentum. New energy penetration keeps rising, reaching 62% for Chery Group’s domestic market in July.
To date, the Group has built a comprehensive product matrix covering the RMB50,000 to RMB500,000 price brackets. It has established presence across multiple market segments, ranging from compact city cars and range extended SUVs in the RMB200,000 price bracket to high end MPVs and off road vehicles.
Beyond driving sales volume growth, the new energy business has fueled overall product structure iteration. It works in synergy with overseas operations to lift gross and net profit margins, acting as a critical lever for improved earnings quality and consolidating the foundation for full-year development.
Looking ahead, multiple catalysts are expected to further unlock Chery Automobile’s growth potential. On the new model cycle front, the first production model of the FREELANDER brand is set to commence deliveries shortly. Co-developed by Chery and Jaguar Land Rover as a global premium NEV brand, FREELANDER will be manufactured at the upgraded Changshu plant (Chery Jaguar Land Rover Changshu Manufacturing Base). Over the coming years, the brand plans to roll out a series of new models, targeting both the domestic Chinese market and overseas markets.
In parallel, key models such as the Luxeed RX are poised for launch and will be gradually introduced to the market, further enriching Chery’s premium NEV portfolio and opening up room for the brand to move upmarket.
On the overseas front, Chery Automobile continues to drive the unlocking of global production capacity. The construction and retrofitting of localized production facilities in multiple countries are steadily taking shape, as the Company continues to refine its global supply chain network.
As overseas production capacity gradually ramps up, the Company’s international operations will no longer rely solely on CBU (Completely Built Unit) exports from China. Instead, localized manufacturing will realize further economies of scale, which is expected to sustain a relatively high growth rate in overseas markets and continue to contribute incremental earnings.
Overall, the interim results for 2026 validate the effectiveness of Chery Automobile’s dual-engine growth model: “globalization coupled with accelerated NEV volume growth”, while simultaneously demonstrating a marked improvement in both earnings quality and the maturity of its global operations.
Although competition in China’s automotive market remains intense, and uncertainties persist on the geopolitical and currency fronts, Chery’s superior earnings quality relative to peers, its rapidly growing and structurally improving overseas business, and its steadily rising NEV segment, combined with the two major catalysts of a new model cycle and overseas capacity release, underpin a clear long-term growth thesis for the Company. The Company possesses substantial future growth potential, which makes it a compelling long-term investment opportunity for investors.
Copyright 2026 ACN Newswire. All rights reserved. www.acnnewswire.com
Aug 21 · 03:16·mlpr-acnnewswire
Finance
New York, New York--(Newsfile Corp. - August 20, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Primoris Services Corporation (NYSE: PRIM) between August 5, 2025 and June 22, 2026, inclusive (the "Class Period"), of the important September 21, 2026 lead plaintiff deadline.SO WHAT: If you purchased Primoris common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a...
Aug 21 · 03:16·mlpr-newsfile
Finance
(PR-inside.com) NEW YORK CITY, NY / ACCESS Newswire / August 20, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Futu Holdings Limited (NASDAQ:FUTU) securities. If you suffered a loss on your Futu Holdings Limited investment and would like to explore a potential recovery under the federal securities laws, Learn about Futu Holdings Limited Class Action or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed ..
Aug 21 · 03:15·PR-Inside
Finance
(PR-inside.com) NEW YORK CITY, NY / ACCESS Newswire / August 20, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Hub Group, Inc. (NASDAQ:HUBG) securities. If you suffered a loss on your Hub Group, Inc. investment and would like to explore a potential recovery under the federal securities laws, Learn about Hub Group, Inc. Class Action or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed ..
Aug 21 · 03:15·PR-Inside
Finance
(PR-inside.com) NEW YORK, NY / ACCESS Newswire / August 20, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired HDFC Bank Limited (NYSE:HDB) securities. If you suffered a loss on your HDFC Bank Limited investment and would like to explore a potential recovery under the federal securities laws, Learn about HDFC Bank Limited Class Action or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed against ..
Aug 21 · 03:15·PR-Inside
Finance
(PR-inside.com) NEW YORK, NY / ACCESS Newswire / August 20, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Primoris Services Corporation (NYSE:PRIM) securities. If you suffered a loss on your Primoris Services Corporation investment and would like to explore a potential recovery under the federal securities laws, Learn about Primoris Services Corporation Class Action or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed against ..
Aug 21 · 03:10·PR-Inside
Finance
(PR-inside.com) NEW YORK, NY / ACCESS Newswire / August 20, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Cogent Communications Holdings, Inc. (NASDAQ:CCOI) securities. If you suffered a loss on your Cogent Communications Holdings, Inc. investment and would like to explore a potential recovery under the federal securities laws, Learn about Cogent Communications Holdings, Inc. Class Action or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit ..
Aug 21 · 03:10·PR-Inside
Finance
New York, New York--(Newsfile Corp. - August 20, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Microvast Holdings, Inc. (NASDAQ: MVST) between April 1, 2025 and March 16, 2026, inclusive (the "Class Period"), of the important September 21, 2026 lead plaintiff deadline.SO WHAT: If you purchased Microvast securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a...
Aug 21 · 03:06·mlpr-newsfile
Finance
(PR-inside.com) NEW YORK CITY, NY / ACCESS Newswire / August 20, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Capricor Therapeutics, Inc. (NASDAQ:CAPR) securities. If you suffered a loss on your Capricor Therapeutics, Inc. investment and would like to explore a potential recovery under the federal securities laws, Learn about Capricor Therapeutics, Inc. Class Action or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed ..
Aug 21 · 03:05·PR-Inside