Accessible version Sieyuan Electric (A) 2Q26 earnings in line; Middle East tensions weigh on overseas sales growth Reiterate Rating: BUY | PO: 198.00 CNY | Price: 166.50 CNY ME tension, FX, lower share in JV weigh on 2Q26 earnings Sieyuan announced its 1H26 financial report with revenue of RMB10.8bn +27% YoY and NPAT of RMB1.46bn, +13% YoY, largely in line with its profits alert. 2Q26 NPAT was RMB914mn, +8% YoY. Its gross margin was 31.6% in 2Q26 vs 29% in 1Q26 and 32.6% in 2Q25 due to strong growth of low ...