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Shanghai Baolong Automotive Corp

Shanghai Baolong Automotive Corporation manufactures and sells automotive parts and components. Its products include automotive rubber and metal parts such as traditional and tire pressure monitoring system valves, electronically controlled air suspension systems, and automotive metal tubing including exhaust pipes, EGR pipes, roof rails, and metal brackets. The company also offers structural parts, tire pressure monitoring systems, automotive sensors (pressure, rain and light, speed and position, current, and accelerator), intelligent drive solutions, and automotive aftermarket and equipment products. Founded in 1997, it is headquartered in Shanghai, China.

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603197.CG

Baolong Technology's 2026 interim report shows net profit of 264 million yuan

Baolong Technology released its 2026 interim report. Total operating revenue was 4.684 billion yuan, net profit attributable to the parent company was 264 million yuan, and net cash inflow from operating activities was 177 million yuan. The company's latest asset-liability ratio was 70.55 percent, up 1.39 percentage points from the previous quarter and up 2.60 percentage points from the same period last year. Gross margin was 22.47 percent, return on equity was 7.83 percent, and diluted earnings per share was 1.24 yuan. Total asset turnover was 0.38 times, and inventory turnover was 1.43 times. The number of shareholders was 24,000, and the top ten shareholders held 38.64 percent of the total share capital.
603197.CG · Capital · Neutral Interim report shows net profit of 264 million yuan, but no comparative figures or market expectations are provided, making the impact unclear.
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China
603197.CG▲2

Baolong Technology's H1 net profit up 95.79% year on year; plans 3.8 yuan dividend per 10 shares

Baolong Technology disclosed its interim report on August 26. In the first half of 2026, it achieved operating revenue of 4.684 billion yuan, up 18.59% year on year. Net profit attributable to shareholders of the listed company was 264 million yuan, up 95.79% year on year. Basic earnings per share were 1.24 yuan. The company plans to distribute a cash dividend of 3.8 yuan per 10 shares, tax included. During the reporting period, the company continued to advance market expansion. New projects in product lines such as intelligent suspension and ADAS were gradually put into mass production, driving main business revenue up 18.4% year on year. The company continued to promote lean cost reduction, mitigating the impact of rising raw material prices on gross margin. At the same time, the listing of an associated company brought fair value change gains, increasing profitability.
603197.CG · Capital · Positive H1 net profit up 95.79% and dividend announced
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China
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Baolong Technology Plans Dividend of 0.38 Yuan Per Share, Payout Ratio 30.83%

Baolong Technology announced on August 26 that it plans to distribute a cash dividend of 0.38 yuan per share, including tax, to all shareholders, with an estimated total payout of 81.33 million yuan, representing 30.83% of half-year net profit attributable to the parent company. In the first half of 2026, Baolong Technology achieved revenue of 4.684 billion yuan and net profit attributable to the parent company of 264 million yuan.
603197.CG · Capital · Positive Announces cash dividend of 0.38 yuan per share, payout ratio 30.83% of half-year net profit.
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Electrification & Mobility▼

Konghui Technology Responds to Air Suspension Reliability Dispute, Says 1.47 Million Units Delivered Without Batch Leak Failures

Leading domestic Tier 1 supplier Konghui Technology issued an official statement publicly responding to the reliability dispute over air suspensions. As of June 30, 2026, Konghui Technology has supplied air springs for over 35 vehicle models, with cumulative deliveries reaching 1.47 million units. Among these, more than 550,000 units feature air springs with plastic-welded air chambers, and no batch leak failures have ever occurred for any reason. The statement stems from concentrated reports of air spring failures by Xpeng X9 owners, raising doubts about the durability of domestic air springs. However, Konghui Technology listed partner brands including Li Auto, Zeekr, Lantu, and Audi Germany, without mentioning Xpeng. The supplier of air springs for some Xpeng models is Baolong Technology. As air suspensions move down from vehicles priced above 500,000 yuan to the 200,000 to 300,000 yuan range, domestic suppliers are accelerating their replacement of international giants. A Dongxing Securities research report shows that the installation volume of air suspensions in domestic passenger cars grew from 238,000 sets in 2022 to 1.272 million sets in 2025, with the penetration rate rising from 1.2% to 5.4%. It is projected that by 2030, the installation volume will reach 2.85 million sets, and the market size will exceed 20 billion yuan.
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Electrification & Mobility › Passenger EV OEMs (BEV / PHEV) Competition
Electrification & Mobility › Western / Legacy & Pure-play OEMs Competition
长春孔辉汽车科技股份有限公司 · Demand · Positive Konghui Technology is the subject of the article, defending its product reliability and highlighting strong delivery volumes.
9868.HK · Regulation · Negative Xpeng X9 owners report air spring failures, raising reliability concerns about Xpeng vehicles.
603197.CG · Competition · Negative Baolong Technology is the supplier for Xpeng models with reported failures, potentially damaging its reputation.
2015.HK · Demand · Positive Konghui Technology lists Li Auto as a partner brand, implying continued demand for its air suspension products.
7489.HK · Demand · Positive Voyah is listed as a partner brand of Konghui Technology, indicating ongoing business.
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