Wanxiang Qianchao: Lower Revenue, Higher Profit as Robotics Becomes a New Growth Engine

Wanxiang Qianchao reported RMB 6.03 billion in H1 2026 revenue, down 12.78% year on year, while net profit rose 3.44% to RMB 553 million.

The decline was mainly caused by a sharp contraction in its ferrochrome trading business. Its core automotive components business remained relatively stable, generating RMB 5.34 billion in revenue.

International sales grew 18.87%, reaching RMB 914 million, highlighting the company’s increasing focus on overseas markets.

More importantly, Wanxiang Qianchao has officially identified robotics as its third strategic growth pillar, alongside bearings and automotive chassis systems. The company is developing robotic bearings, joint assemblies, roller screws and other precision components.

It currently has capacity for 100,000 roller screws and 10 million joint universal components, with 1.2 million sets of dedicated robotic bearing capacity planned for 2026. Some products have already received customer designations, while others remain under validation.

The strategy marks Wanxiang Qianchao’s shift from defending its traditional automotive business toward building a new growth curve in robotics and intelligent manufacturing.