Accelerating Breakthroughs in Emerging Technology Business
HONG KONG, Aug. 25, 2026 /PRNewswire/ — NINGBO JOYSON ELECTRONIC CORP. (“Joyson Electronics” or the “Group“, stock codes: 0699.HK / 600699.SH), a world‑leading smart mobility technology solutions provider, announced its interim results for the six‑month period ended 30 June 2026 (the “Reporting Period”). In 1H2026, Joyson Electronics remained committed to its objectives of delivering stable growth and improving profitability, while proactively navigating a challenging operating environment. The company’s core automotive components business maintained steady growth and demonstrated resilient profitability.
Through organizational innovation and strategic expansion, Joyson Electronics is leveraging its strengths in automotive R&D and advanced manufacturing to accelerate its presence in emerging technology sectors, including emerging intelligent agent, intelligent computing center and low-altitude aircraft, creating new growth drivers beyond its core automotive business.
Core Business Demonstrates Strong Resilience, with Continued Improvement in Overseas Profitability
During the reporting period, the company generated revenue of approximately RMB 28.1 billion, while net profit attributable to shareholders reached approximately RMB 0.74 billion, representing a year-on-year increase of approximately 4.4%. Net operating cash flow amounted to approximately RMB 1.93 billion, continuing its year-on-year improvement trend.
As the benefits of overseas integration and long-term cost reduction and efficiency enhancement initiatives continued to materialize, gross margin in overseas markets increased by approximately 0.3% year-on-year to around 18.1% in the first half of the year, further strengthening the company’s profitability. The Group’s overseas gross margin has increased significantly from approximately 9% in the first half of 2022 to the current level, more than doubling and marking a milestone in its overseas integration and cost-optimization initiatives.
Intelligent Technologies Drive Core Business Growth, Supported by a Robust Global Order Backlog
During the reporting period, the company invested approximately RMB 2.28 billion in research and development. To continuously strengthen its core competitiveness, Joyson Electronics has ramped up R&D spending focusing on cutting-edge technologies for intelligent electric vehicles such as intelligent driving, as well as emerging intelligent agents, and server power suppliers. The company also further deepened the integration of intelligent cockpit solutions with large AI models, enhancing the user experience and enabling smarter in-vehicle interactions.
In the first half of the year, the company secured new customer nominations worldwide with an estimated lifecycle order value of approximately RMB 44.9 billion. Leading Chinese automakers and emerging EV manufacturers have become key drivers of new order growth, reinforcing the company’s position in the global automotive technology market.
Capitalizing on Opportunities of Overseas Vehicle Intelligence Upgrades and the Global Expansion of Chinese Automakers
Joyson Electronics is among the few Chinese automotive suppliers to have established a truly global footprint, with manufacturing facilities and R&D centers across major automotive markets worldwide. Combining its Chinese heritage with a global operating network, the company is uniquely positioned to capture growth opportunities in both international and domestic markets.
Joyson Electronics has secured a number of production program nominations from leading European, Japanese, and Korean automakers. Meanwhile, as Chinese automakers accelerate their global expansion, the company has continued to win orders for overseas vehicle programs from leading domestic brands and emerging EV manufacturers. Its overseas plants have successfully secured localised business from multiple major Chinese OEMs and are currently supporting mass production. At the same time, the company is actively advancing partnerships with additional Chinese automakers to support their international growth strategies.
Currently, the Company’s overseas plants have secured localised overseas business orders from a number of leading mainland automakers and are in continuous mass production. Meanwhile, the Group is also advancing overseas cooperation with more mainland automakers to capture the first-mover advantage of Chinese automakers’ global expansion.
Expanding Business Boundaries with the Strategic Transformation of the Energy Management
In recent years, Joyson Electronics has been extending its automotive energy management technologies and expertise into emerging high-end technology applications, driving the strategic evolution of its energy management business from an automotive components supplier to a provider of intelligent energy solutions across a broader range of advanced industries. The company now delivers energy products and integrated solutions for a variety of emerging sectors, including intelligent computing center, satellite, and low-altitude aircraft.
Emerging Intelligent Agent Product Upgrades, Delivering Products to Top Customers
Joyson Electronics continues to advance the iteration and commercialization of products for emerging intelligent agents. In the 1H2026, the company launched a series of new products, including dexterous hands, AI head assemblies, and hybrid solid-liquid energy solutions.
Joyson Electronics has begun delivering high-performance body and material as well as central control units to a leading North American and Chinese customers. The company has also established three dedicated subsidiaries: Telephix, focused on dexterous hands; Hyperplane Technology, focused on embodied AI controllers; and Junebot, focused on integrated energy solutions for emerging intelligent agents.
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About NINGBO JOYSON ELECTRONIC CORP.
Ningbo Joyson Electronic Corp. (“Joyson Electronics”, 600699.SH / 00699.HK) is a world-leading intelligent automotive technology solution provider, one of the best component suppliers for the world’s leading automobile manufacturers. It is committed to the R&D and manufacture of intelligent cockpit, intelligent driving, E-Mobility and automotive safety, etc. Its headquarter is located in Ningbo, China, which owns the Intelligent Automotive Research Institute, the Advanced Energy Research Institute, the New Energy Research Institute, the Automotive Electronics Division and the Automotive Safety Division, etc. Meanwhile, it has 25 R&D centers and over 60 production bases around the world, covering major automotive markets including Asia, Europe and North America.
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