Fenghua Advanced Tech H1 Net Profit Surges 74% on High-End Push, But Cash Flow Drops Over 50% | Earnings Watch

Fenghua Advanced Technology reported H1 2026 revenue of 3.5 billion yuan, up 26.28% year-on-year, with net profit attributable to shareholders reaching 290 million yuan, a surge of 74.01% year-on-year, as earnings elasticity continues to release. Its high-end strategy in automotive electronics and AI computing is showing initial results, but operating cash flow plunged 55.64% year-on-year, with inventories and accounts receivable occupying nearly 580 million yuan in funds.