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Jiangsu Nanfang Bearing Co Ltd

Jiangsu NanFang Precision Co., Ltd. develops, manufactures, and sells bearings and related parts in China and internationally. Its products include needle bearings, cylindrical and wedge clutches, and one-way pulley (OAP) components. It also supplies precision-machined parts such as EPB caliper pistons, ESC plunger pump pistons, ESC rubber-coated rods, EHB three-way valves, internal spline rings, outer gear rings, outer groove rings, ferrules, leaf rings, and ball screws. These products serve industrial, automobile, and motorcycle applications. The company was founded in 1988 and is headquartered in Changzhou, China.

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002553.CS▼

Nanfang Precision's H1 net profit attributable to parent was 60.35 million yuan, down 73.7% year-on-year

Nanfang Precision released its 2026 interim report. Net profit attributable to the parent in the first half was 60.35 million yuan, down 73.7% year-on-year. Operating revenue was 426 million yuan, up 2.9% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 55.37 million yuan, down 14.6% year-on-year. Net operating cash flow was 61.41 million yuan, up 80.1% year-on-year. In the second quarter, operating revenue was 235 million yuan, up 0.1% year-on-year, and net profit attributable to the parent was 60.09 million yuan, down 56.4% year-on-year. As of the end of the second quarter, total assets were 1.911 billion yuan, down 0.4% from the end of the previous year, and net assets attributable to the parent were 1.593 billion yuan, up 1.4% from the end of the previous year. The company's main business includes research, development, production and sales of precision bearings, one-way clutches, one-way pulley assemblies and other precision components. It has also expanded into the new energy vehicle sector, but related revenue accounts for less than 5%.
002553.CS · Capital · Negative H1 net profit attributable to parent down 73.7% year-on-year
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Nanfang Precision Plans Land Auction Bid for Precision Components Project with Total Investment of About 1.024 Billion Yuan

Nanfang Precision announced plans to bid for the land use rights of a plot in Wujin District, Changzhou City, Jiangsu Province, designated as Chuchen 2026023 (GD2026033), and to invest in a new project. The starting price for the land use rights auction is 47.73 million yuan, and the total project investment is expected to be approximately 1.024 billion yuan, including land transfer fees, construction works, and equipment purchase costs. The project, named the Annual Production of 213.5 Million Sets of Precision Components Project, has a construction period of 60 months after obtaining the land.
002553.CS · Capital · Positive Company plans significant investment in new precision components project, indicating expansion and growth.
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Multiple Companies on Shanghai and Shenzhen Exchanges Release Positive Announcements on the Evening of August 3

Multiple listed companies on the Shanghai and Shenzhen exchanges disclosed positive announcements on the evening of August 3. Sunshine Co.'s controlled subsidiary plans to invest up to 980 million yuan in building the Sunshine Intelligent Computing Center project. Xingyun Technology has long-term framework orders for computing power and storage on hand exceeding 15.4 billion yuan. Hainan Expressway's wholly-owned subsidiary plans to acquire a 100 percent stake in Jiaokong Technology for 36.1038 million yuan. Rongbai Technology's Guizhou base, with an annual production capacity of 340,000 tons of lithium iron phosphate, is expected to be fully operational by the end of September. Shengda Resources' controlled subsidiary's Caiyuanzi copper-gold mine has entered the formal production stage. Laier Technology plans to raise no more than 1.17 billion yuan through a private placement for new energy carbon-coated foil and other projects. China Micro Corporation expects its first-half net profit to grow by 282.48 percent to 310.81 percent year-on-year. WuXi AppTec's first-half net profit rose 29.43 percent year-on-year, and it plans to distribute 5.1 yuan per 10 shares. Shandong Hi-Speed plans to repurchase shares worth 100 million to 200 million yuan for cancellation. Wuliangye has already spent 1.002 billion yuan on share repurchases. Daqin Railway plans to repurchase shares worth 400 million to 500 million yuan for cancellation. Sinoma International signed a 476 million US dollar equipment supply contract with a company under the Dangote Group. Gaole Co.'s wholly-owned subsidiary signed a 3.195 billion yuan computing power service contract. Nanfang Precision plans to bid for land and invest about 1.024 billion yuan in building a precision components project. Sungrow Power plans to repurchase shares worth 500 million to 1 billion yuan. Shida Shenghua plans to invest a total of 2.805 billion yuan in building three projects for liquid lithium salt, electrolyte, and others.
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000603.CS · Supply · Positive Caiyuanzi copper-gold mine entered formal production stage.
000608.CS · Capital · Positive Controlled subsidiary plans to invest up to 980 million yuan in intelligent computing center.
000858.CS · Capital · Positive Spent 1.002 billion yuan on share repurchases.
000886.CS · Capital · Positive Wholly-owned subsidiary plans to acquire 100% stake in Jiaokong Technology for 36.1038 million yuan.
002553.CS · Capital · Positive Plans to bid for land and invest about 1.024 billion yuan in building a precision components project.
300274.CS · Capital · Positive Plans to raise no more than 1.17 billion yuan through private placement for new energy carbon-coated foil and other projects.
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Nanfang Precision's Controlled Subsidiary Receives Up to 10 Million Yuan in Financial Assistance from Actual Controller Shi Wei

Nanfang Precision announced that its controlled subsidiary, Jiangsu Nanfang Changsheng New Energy Technology, has received financial assistance of up to 10 million yuan from Shi Wei, one of the company's actual controllers, to support business development and daily operations. Shi Wei, who currently serves as the company's deputy general manager, provided the loan using personal funds, which constitutes a related-party transaction. The loan term is one year, with an interest rate not exceeding the one-year loan prime rate. In the first quarter of 2026, Nanfang Precision achieved revenue of 191 million yuan and a net profit attributable to the parent company of 260,000 yuan.
江苏南方昌盛新能源科技有限公司 · Capital · Positive Direct recipient of financial assistance from actual controller, improving liquidity for daily operations.
002553.CS · Capital · Positive Subsidiary receives up to 10 million yuan loan from actual controller, supporting operations and business development.
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Nanfang Precision Expects First-Half 2026 Net Profit to Fall 67% to 77% Year-on-Year

Nanfang Precision has disclosed its earnings forecast, estimating that net profit attributable to the parent company for the first half of 2026 will be between 52 million yuan and 75 million yuan, a year-on-year decline of 67.32% to 77.34%. Deducted non-recurring net profit is expected to be between 50 million yuan and 64.8 million yuan, down 0.07% to 22.89% year-on-year. The company stated that the sharp drop in net profit is mainly due to the high base of fair value changes and investment income in the same period last year, which together affected pre-tax profit by 193.99 million yuan, while the current reporting period is expected to see only 12 million yuan to 15 million yuan, all of which are non-recurring items. Nanfang Precision is primarily engaged in the research, development, production, and sales of precision components such as precision bearings and one-way clutches.
002553.CS · Capital · Negative Company forecasts net profit to fall 67%-77% YoY due to lower fair value changes and investment income.
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