Tuopu group sees mixed H1 2025 results amid strategic expansion

For the first half of 2025, Ningbo Tuopu Group reported an operating revenue of RMB 12.935 bn, a 5.83% increase year-on-year. However, net profit attributable to shareholders decreased by 13.84% to RMB 1.457 bn, with diluted earnings per share at RMB 0.75, down 14.77%. The company saw a 136.54% increase in net cash flow from operating activities, reaching RMB 2.456 bn.

Key strategic developments included the full redemption of "Tuopu Convertible Bonds" on March 14, 2025, resulting in 1,737,835,580 total shares outstanding. The company also completed the acquisition of 100% equity in Wuhu Changpeng Auto Parts Co., Ltd. in May 2025, aiming to boost market share in interior products.

Tuopu Group's total assets grew by 7.16% to RMB 40.233 bn, while total liabilities decreased by 1.89% to RMB 17.622 bn, with the asset-liability ratio standing at 43.80%. The company invested RMB 1.56 bn in acquiring and constructing fixed and other long-term assets to support its new energy vehicle market growth and enhance competitive barriers.