Zhejiang Shibao sees strong first half growth in 2025

Zhejiang Shibao Company Limited achieved a 35.32% increase in revenue, reaching 1.52bn yuan for the six months ended June 30, 2025, compared to the same period last year. Net profit attributable to shareholders surged by 39.09% to 93.03m yuan. This growth was primarily attributed to increased sales of electrified and intelligent steering system products, benefiting from the acceleration of electrification and intelligentization trends in the automotive industry.

Total assets also grew by 5.76% to 3.45bn yuan as of June 30, 2025, while net assets attributable to shareholders increased by 2.25% to 1.98bn yuan. The company’s net cash flows from operating activities saw a substantial rise of 484.21% to 91.18m yuan, mainly due to higher cash receipts from product sales. The company plans not to pay an interim dividend for the six months ended June 30, 2025.

Key management includes Mr. Zhang Shi Quan as chairman, Mr. Zhang Bao Yi as vice chairman and general manager, and Ms. Zhang Lan Jun as finance director and chief financial officer.