LEXY Reports Large Foreign-Exchange Loss in First Half
The half-year disclosure identifies currency movements as a major earnings factor.
News date:
LEXY Electric identified a major swing in foreign-exchange results in its first-half 2026 report summary, published on August 27. The company recorded exchange losses of CNY 388.81 million, compared with gains of CNY 17.46 million in the same period of 2025.
The company said reported profit before tax, attributable net profit and attributable profit excluding non-recurring items all declined. It linked those movements primarily to foreign exchange and supplied additional calculations to show the result without that effect.
On the company's adjusted basis, profit before tax would have increased 49.89%, while attributable net profit would have risen 36.20%, assuming a 15% income-tax rate. However, the corresponding adjusted measure excluding non-recurring items still fell 16.26%. The different directions make the definition of each profit measure especially relevant in this release.
The half-year report was unaudited, and the company proposed no interim profit distribution or capital-reserve conversion. For readers tracking the manufacturer, the disclosure provides a concrete example of currency effects altering the reported earnings picture. The adjusted calculations help explain that impact, but they remain management's comparisons and do not replace the actual profit figures recorded for the first six months.