4,282 press releases indexed under energy.
ATHENS, Greece and LONDON, Aug. 21, 2026 /PRNewswire/ -- METLEN has successfully conducted the first fire on waste at the Protos Energy Recovery Facility it is developing for Encyclis in Cheshire. First fire is a major milestone which confirms that the state-of-the-art plant has now...
OTTAWA, ON, Aug 21, 2026 - (ACN Newswire) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a Canadian developer of high-grade flake graphite deposits and advanced graphite materials for battery, defence and industrial applications, is pleased to highlight the Government of Canada's recognition of infrastructure supporting the Company's 100%-owned Lac Knife Graphite Project ("Lac Knife" or the "Project") in Prime Minister Mark Carney's August 17, 2026 announcement advancing clean-energy and critical-minerals infrastructure across the Labrador Trough1. The Government of Canada identified Focus Graphite's Lac Knife infrastructure initiative among four strategic pre-development projects supported and funded through Natural Resources Canada's ("NRCan") First and Last Mile Fund ("FLMF"), describing the planned road and electrical connection as supporting the development of battery and energy-storage technologies required by Canada and its allies. The recognition follows Focus's June 3, 2026 announcement that it secured C$1,378,700 in non-repayable federal funding to advance engineering, environmental, permitting, Indigenous engagement and feasibility activities for Lac Knife's road and electrical infrastructure2. The funding represents approximately 50% of eligible project costs. Focus has now completed an independent electrical infrastructure desktop study (the "Study") prepared by Norda Stelo Inc. ("Norda Stelo"), identifying a preferred pathway for connecting Lac Knife to Quebec's hydroelectric grid. "Lac Knife's recognition within the Prime Minister's announcement reinforces the strategic importance of bringing Canadian critical mineral projects and their enabling infrastructure forward," said Dean Hanisch, Chief Executive Officer of Focus Graphite. "We are already turning that support into tangible progress. With both our access-road and electrical desktop studies now complete, we are identifying meaningful infrastructure efficiencies relative to the 2023 Feasibility Study. The preferred electrical strategy provides a pathway to significantly reduce power-related capital requirements while connecting Lac Knife to Quebec's clean hydroelectric grid. We are grateful for Canada's continued support." "Infrastructure and access to power remain key constraints for mine development, with direct implications for capital, execution and timelines," said Jason Latkowcer, Vice President, Corporate Development of Focus Graphite. "Canada's investment in energy and critical-mineral infrastructure is helping define a clearer development pathway for Lac Knife. Advancing that work reduces development uncertainty and provides a stronger basis for future capital allocation and evaluation by potential strategic, financing and other investment partners." "Critical minerals are essential to Canada's economic prosperity, security, and sustainability, and we are proud to advance Canadian mineral supply chains as a part of the historic Churchill Falls and Labrador Trough announcement," said the Honourable Tim Hodgson, Minister of Energy and Natural Resources. "As a part of this nation-building initiative, through our First and Last Mile Fund, Canada is advancing the infrastructure we need to unlock projects like Lac Knife and strengthen Canada's critical minerals value chain. This is how your federal government is working with industry to build a stronger, more competitive critical minerals sector; create opportunities for Indigenous and local communities; and deliver minerals Canada and our allies need for clean technologies, advanced manufacturing and defence applications." Preferred Hydro-Quebec Connection Strategy Norda Stelo evaluated seven potential electrical supply scenarios against technical feasibility, constructability, cost, environmental considerations and execution requirements. The Study identified a direct connection to Hydro-Quebec's three-phase, 34.5-kV distribution grid as the preferred solution, with the connection extending across public lands to the Lac Knife property. The preferred configuration would require approximately 30.7 kilometres of electrical infrastructure, consisting of the upgrade of approximately 3.17 kilometres of existing single-phase line to three-phase service and the construction of approximately 27.5 kilometres of new three-phase distribution line extending to the Project. The new distribution line would largely follow established corridors, including the Hydro-Quebec transmission corridor, Highway 389 and the Project's planned access-road corridor. Under this approach, Hydro-Quebec would construct the principal distribution infrastructure on behalf of Focus, reducing the Company's direct construction and coordination requirements while also placing responsibility for associated environmental permitting and long-term maintenance of the distribution line with Hydro-Quebec. Potential Capital Savings Relative to 2023 Feasibility Study The preferred strategy also creates an opportunity to significantly reduce the power-related capital requirements contemplated in Lac Knife's 2023 Feasibility Study Update ("FSU"). The 2023 FSU included C$19.9 million in initial capital for Power and Communications infrastructure, within total estimated pre-production capital of approximately C$236.9 million. The Norda Stelo Study identified several factors that could reduce these requirements. These include reducing the anticipated length of new power-line construction from approximately 50 kilometres to approximately 27.5 kilometres, eliminating the need for additional infrastructure at Hydro-Quebec's Normand substation, and identifying that certain power-line construction costs contemplated in the FSU may have been overestimated. The Study also identified the potential for Hydro-Quebec to construct the distribution line at its standard per-kilometre cost. Based on the assumptions evaluated in the Norda Stelo Study, the preferred strategy is estimated to have the potential to reduce Focus's direct power-related capital requirements by more than 50% relative to the power infrastructure assumptions contained in the 2023 FSU. This estimate is preliminary, is based on a desktop-level assessment and should not be interpreted as an updated capital cost estimate for the Project. Any actual reduction will depend on Hydro-Quebec's final connection requirements and cost responsibilities, detailed engineering and the scope of remaining on-site electrical infrastructure. There can be no assurance that the estimated reduction will be realized. Next Steps Focus intends to continue working with Hydro-Quebec and its engineering consultants to advance the preferred connection strategy, confirm technical requirements and define future cost responsibilities. The electrical work is being advanced alongside the Company's access-road planning, environmental permitting, engineering and Indigenous engagement programs under the federally supported FLMF initiative. Natural graphite is designated as a critical mineral in Canada and is used across battery, energy-storage, defence and advanced-material applications. Focus continues to advance Lac Knife through engineering, environmental, permitting and Indigenous engagement activities. Figure 1: Proposed Access Road, Lac Knife (Norda Stelo / IOS Geosciences, 2026) To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/1963/310686_0b06cfb494dcf9cf_001full.jpg Qualified Person The technical content disclosed in this news release was reviewed and approved by Rejean Girard, P.Geo (Qc), President of IOS Geosciences Inc., a consultant to the Company, and a qualified person as defined under National Instrument NI 43-101. About Focus Graphite Advanced Materials Inc. Focus Graphite is building an integrated graphite platform to supply the industries shaping the future. Through the development of world-class graphite resources, advanced processing technologies and higher-value advanced materials, the Company is positioning itself to support battery, defence, advanced manufacturing and other strategic industries across North America and allied markets. The platform is anchored by the Company's two 100%-owned graphite assets in Quebec. Lac Knife is one of North America's highest-grade feasibility-stage graphite deposits, while Lac Tetepisca is one of the largest identified graphite resources globally. Together with strategic technology partnerships and government-supported innovation initiatives, these assets provide the foundation for a secure, scalable and increasingly integrated graphite supply chain. For more information on Focus Graphite Inc. please visit http://www.focusgraphite.com LinkedIn: https://www.linkedin.com/company/focus-graphite/ Facebook: https://www.facebook.com/focusgraphite X: https://x.com/focusgraphite Investors Contact: Dean Hanisch CEO, Focus Graphite Inc. dhanisch@focusgraphite.com +1 (613) 612-6060 Jason Latkowcer VP Corporate Development jlatkowcer@focusgraphite.com Cautionary Note Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information regarding, among other things, the preferred electrical connection strategy identified for the Lac Knife Graphite Project; the potential connection of Lac Knife to Hydro-Quebec's three-phase, 34.5-kV distribution grid; the anticipated configuration, routing and length of the proposed electrical infrastructure, including the upgrade of existing distribution infrastructure and construction of new three-phase distribution line; the potential construction, permitting, ownership, operation and long-term maintenance of the principal distribution infrastructure by Hydro-Quebec; the potential reduction in Focus's direct construction, coordination, permitting and maintenance responsibilities under the preferred strategy; the potential for the preferred electrical strategy to reduce Focus's direct power-related capital requirements by more than 50% relative to the power infrastructure assumptions contained in the 2023 Feasibility Study Update; the assumptions underlying that preliminary estimate and the extent to which any anticipated reduction may ultimately be realized; the nature and extent of Hydro-Quebec's final connection requirements, cost responsibilities and applicable construction costs; the results of future detailed engineering and the scope and cost of remaining on-site electrical infrastructure; the potential elimination of infrastructure previously contemplated at Hydro-Quebec's Normand substation; the continued advancement of the preferred electrical connection strategy and related discussions and engineering work with Hydro-Quebec and the Company's engineering consultants; the continued advancement of road and electrical infrastructure planning, environmental and permitting activities, engineering and Indigenous engagement under Natural Resources Canada's First and Last Mile Fund; the continued availability of federal funding and the Company's ability to satisfy applicable funding conditions and project requirements; the potential benefits of government-supported infrastructure initiatives to the advancement of Lac Knife; the potential for increasingly defined infrastructure planning to reduce development uncertainty and support future capital allocation, financing and evaluation by potential strategic or other investment partners; the continued advancement and future development of the Lac Knife Graphite Project; and the timing, scope, cost and results of future engineering, permitting, infrastructure development and other project-development activities. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information. Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release. 1 https://www.pm.gc.ca/en/news/news-releases/2026/08/17/prime-minister-carney-announces-largest-clean-energy-investment-north 2 https://focusgraphite.com/focus-graphite-secures-up-to-c1-38-million-under-natural-resource-canadas-first-and-last-mile-fund/ To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310686 Copyright 2026 ACN Newswire. All rights reserved. www.acnnewswire.com
HONG KONG, Aug 21, 2026 - (ACN Newswire) - On August 21, Xunce Technology (03317.HK) released its 2026 interim results report: In the first half of the year, the company achieved revenue of 967 million yuan, a significant year-over-year increase of 389%, setting a new record high for the same period; net profit attributable to shareholders was 72.5 million yuan, compared to a net loss attributable to shareholders of 89.4 million yuan in the same period last year, marking the company’s first profitable first half of the year; Adjusted net profit was 67 million yuan, compared to an adjusted net loss of 105 million yuan in the same period last year, marking a comprehensive turnaround from loss to profit; the gross profit margin reached 60.1%, remaining stable at a high level; total assets were approximately 3514 million yuan, net assets were approximately 2482 million yuan, and with ample cash on hand, reflecting a significant improvement in operational quality. As a leading provider of AI real-time data infrastructure and analytics services in China, Xunce Technology made breakthrough progress in the first half of the year across business models, product innovation, industry penetration, and international expansion. The company led the industry across all key metrics, officially transitioning from the “investment phase” to the “profit realization phase,” while also exploring new avenues for profitability. Four Key Drivers Fuel Strong Revenue Growth and Continued Improvements in Operational Efficiency In the first half of 2026, against the backdrop of the 15th Five-Year Plan designating artificial intelligence as a national strategic priority, enterprise-level AI is accelerating its transition from model training to practical inference deployment, and from general-purpose capabilities to industry-specific applications. As a result, demand from enterprises for high-quality, structured, scenario-based real-time data is growing exponentially. Facing these significant development opportunities, Xunce Technology based on the FDE model, has expanded its end-to-end data processing and tokenization capabilities—covering everything from data acquisition to large-model fine-tuning—to transform dispersed and heterogeneous enterprise data into data tokens. This helps clients reduce costs, improve efficiency, maximize the business value per token, and achieve more agile, data-driven decision-making. Currently, the company has penetrated eleven high-value, high-barrier industries and developed over 400 functional modules. It has refined three core technological advantages: millisecond- and second-level real-time response, 100% accurate data processing, and data tokenization, connecting computing power to algorithms and taking responsibility for clients’ business outcomes. The company delivered strong performance in the first half of the year, with both revenue and net profit reaching all-time highs. The high revenue growth was primarily driven by the synergistic effect of four key drivers: accelerated deployment of enterprise-grade AI real-time data infrastructure, accelerated penetration into diverse industries, the implementation of the Token business model, and the expansion of international operations and ecosystem development. The significant turnaround in profitability was driven by a steady increase in the proportion of high-margin businesses; the realization of economies of scale from a platform-based and modular product architecture, leading to significantly improved operational efficiency and further optimization of the structure of R&D, sales, and general and administrative expenses; improved cash management efficiency, and investment income contributing to incremental profits. At the same time, the company’s operational efficiency has continued to rise. It has established a data development system centered on the AIDP platform, automating data development tasks. Its solutions are deeply integrated into clients’ self-managed cloud or on-premises systems, serving as a “data hub” that deeply embeds AI into corporate clients’ core business processes, supports high-quality business decision-making, and thereby continuously enhances clients’ willingness to pay;In the first half of the year, the company’s ARPU jumped from 1.64 million yuan to 5.56 million yuan, marking a significant year-over-year increase of 240 percent. Customer retention rates have long remained above 90%, fully demonstrating the strong lock-in effect and high customer stickiness resulting from the deep integration of the product into clients’ business processes, with per-capita revenue surged by 379% year-over-year, placing its labor efficiency among the highest in the AI technology sector. Driven by the dual engines of TokenOS and TokenCloud, revenue from the Token business accounts for over 10% In the first half of this year, the company proactively pioneered the Token business model, enabling data token calls to drive AI-based business decisions. Currently, the Token business model has been implemented in multiple high-value scenarios and has undergone successful commercial validation. During the first half of the year, revenue from the Token business model surpassed 10% of total revenue, with strong growth in ARR (Annual Recurring Revenue). It has become a new engine for revenue growth, and the commercialization of the token economy has far exceeded expectations. The company launched the world’s first TokenOS operating system, which focuses on data capabilities. It transforms enterprises’ multi-source, heterogeneous data in real time into standardized, measurable, and priceable scenario-based tokens, establishing a seamless end-to-end pipeline from data ingestion to model invocation. This enables enterprise data to be directly utilized as tokens and drives the implementation of token factories across various industries. Building on this foundation, the company has also launched the TokenCloud platform, which focuses on model capabilities and “data + model” capabilities. This accelerates the development of an integrated, end-to-end product and service ecosystem spanning “computing power—data—tokens—models—applications,” covering the entire lifecycle from underlying computing power scheduling and data tokenization to model inference optimization, as well as the refinement, tuning, and deployment of enterprise-specific small models. This drives the transformation of AI from a general-purpose capability into enterprise-specific productivity. TokenOS and TokenCloud work in tandem to provide enterprise customers with a one-stop AI infrastructure, enabling them to reduce deployment costs and improve matching efficiency across computing power, data, and models. This “operating system + cloud platform” dual-drive architecture forms the company’s strong competitive barrier, helping it become the computing infrastructure partner for enterprise AI transformation. Accelerated Penetration Across Diverse Industries and Substantial Progress Toward Internationalization Xunce Technology began in the asset management industry, which has the most stringent requirements for data real-time performance. It has now extended its AI real-time data processing capabilities to eleven high-value, high-barrier industries, including telecommunications, electric power, energy, urban operations, and high-end manufacturing. The company is accelerating its penetration across diverse industries, and its ability to replicate solutions across sectors continues to be validated. In the first half of this year, the company collaborated with PATEO Connect and Saimo Technology to jointly develop a token-based physical AI and world model, entering the smart connected vehicle sector; it partnered with three major domestic GPU manufacturers—MetaX, Iluvatar CoreX, and Biren Technology—to build a “computing power + data” closed-loop system; and through a strategic partnership with Shenzhen Kaihong, it implemented tokenization capabilities within the HarmonyOS ecosystem to explore world models and physical AI. The “Scenario Token Factory” model continues to be validated across multiple industries, scenarios, and ecosystems. As a result, the company’s revenue from diversified industries rose to 87.6%, making its business structure more diversified and opening up broader growth opportunities for the company. In addition, the company is actively expanding its overseas operations, accelerating the global rollout of the TokenOS operating system and its tokenization business model; it has also entered into strategic partnerships with the Shenzhen Data Exchange and the Beijing International Data Exchange, laying the foundation for global expansion. In the first half of the year, the company’s overseas revenue reached 11.86 million yuan，year-over-year increase of 264%. Four-Stage Evolution of AI Data Infrastructure: Strategic Initiatives Across Five Key Directions Looking ahead, Xunce Technology has established a strategic evolution path for the four-stage transformation of AI data infrastructure: starting with data governance (1.0), progressing through the tokenization phase (2.0), and moving toward a global token exchange platform (3.0) in the future, while accelerating the training and large-scale deployment of enterprise-level small models (4.0). Specifically, in Phase 1.0, the company began in the asset management industry and expanded across sectors, fully validating its cross-industry data governance capabilities. In Phase 2.0, the company used TokenOS to refine enterprise private data into high-quality scenario-based tokens and provided one-stop services through the end-to-end integrated cloud service platform TokenCloud, opening up a growth channel for its token business. In Phase 3.0, the company will launch a global Token exchange platform to break down barriers to Token circulation across enterprises, industries, and scenarios. In Phase 4.0, the company will use enterprise-grade small models to bridge the “last mile” of AI implementation, forming a complete closed-loop ecosystem of “computing power—data—Tokens—models—applications.” At the same time, the company will implement strategic initiatives across five key areas: First, deepening the evolution of its business model by accelerating the transition from project-based and subscription-based models to exploring a Token-based business model; second, accelerating cross-industry replication through a “high barriers, high value” expansion strategy to continuously unlock growth opportunities across diverse industries; third, pioneering cutting-edge applications to secure a leading position in future industries; fourth, building a strategic partnership ecosystem to forge deep ties with upstream and downstream players in computing power and algorithms; and fifth, steadily expanding overseas operations to lay the groundwork for a global footprint. By implementing strategic initiatives across these five key areas, the company will continue to create commercial value for its customers and usher in a new cycle of exponential growth. These impressive financial results mark a turning point for Xunce Technology as it officially begins to realize its value. At a time when demand for high-quality industry data is surging due to the inference requirements of large AI models, the company has built a solid competitive moat through its proprietary token system and opened up vast opportunities for revenue growth through “in-depth cross-industry development and international expansion.” In the future, as the ecosystem of token exchange platforms matures and enterprise-level small-model applications are implemented, this will significantly expand the potential for profit growth, propelling Xunce Technology onto a fast track of rapid development. Copyright 2026 ACN Newswire. All rights reserved. www.acnnewswire.com
(Høyanger, 21 August 2026) Statkraft applies for a licence from the Norwegian Water Resources and Energy Directorate (NVE) to build a new Høyanger hydropower plant and Breidal hydropower plant in Høyanger municipality. The hydropower plants will replace the existing Høyanger K5A and K5B hydropower plants and provide more renewable power for the industry and increased flexible capacity, without new reservoirs or additional water resources. In May, Statkraft announced plans to invest NOK 80 billion in Norway over the next ten years. A new Høyanger K5 hydropower plant is an important part of the plan to upgrade and further develop Norway’s hydropower assets. The investment framework for the development is just under NOK 3 billion.
(PR-inside.com) NEW YORK, NY / ACCESS Newswire / August 21, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Peabody Energy Corporation (NYSE:BTU) securities. If you suffered a loss on your Peabody Energy investment and would like to explore a potential recovery under the federal securities laws, Learn about Peabody Energy 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 Peabody Energy ..
(PR-inside.com) NEW YORK, NY / ACCESS Newswire / August 21, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired First Solar, Inc. (NASDAQ:FSLR) securities. If you suffered a loss on your First Solar, Inc. investment and would like to explore a potential recovery under the federal securities laws, Learn about First Solar, 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 against ..
Oslo, 21 August 2026 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s shares will be traded ex-dividend effective 21 August 2026.
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...
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
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
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