Feilong Co., Ltd.: Expected net profit in the first quarter of 2026 to decrease by 42.92% to 59.23% year-on-year

Feilong Co., Ltd. announced that it expects net profit for the first quarter of 2026 to be between 50 million yuan and 70 million yuan, representing a year-on-year decrease of 42.92% to 59.23%. During the reporting period, the RMB exchange rate fluctuated significantly, resulting in foreign exchange losses; compared with the impact on profit in the previous period, the year-on-year impact reduced profit by approximately 25 million yuan. Affected by adjustments to U.S. tariff policies, the tariff-related factors reduced profit by approximately 10 million yuan year-on-year versus the previous period. The company’s overseas manufacturing base, Longtai Automotive Parts (Thailand) Co., Ltd., is gradually entering the production stage; the related early-stage expenses impacted current profit by approximately 10 million yuan. The new energy vehicle industry is highly competitive; as price-cutting pressure is transmitted along the upstream and downstream industrial chain, the company’s profit margins have been continuously squeezed.