{
  "id": 3742739,
  "title": "EP Manufacturing Q2 profit jumps 19-fold on Chinese carmaker partnerships",
  "url": "https://urgent.news/2026/08/27/ep-manufacturing-q2-profit-jumps-19-fold-on-chinese-carmaker",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T13:04:19.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1520167/ep-manufacturing-q2-profit-jumps-19-fold-chinese-carmaker"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: EP Manufacturing Bhd reported a dramatic 19-fold increase in net profit to RM5.15 million in the second quarter of 2026, compared to RM277,000 a year earlier. The surge in profits was largely due to the company's strategic partnerships with Chinese carmakers. Revenue for the quarter also reached a 10-year high of RM212.68 million, up from RM127.7 million in the same period last year. For the first half of the year, net profit rose to RM6.7 million, and revenue climbed to RM372.87 million, compared to RM253.23 million a year earlier. CEO Hamidon Abdullah attributed the strong performance to the company's operational execution and progress in its strategic growth initiatives. He highlighted that automotive production volumes under their collaborations with Great Wall Motor, SAIC Motor Malaysia, and XPeng had surpassed 1,000 vehicles per month in Q2 FY26. The company anticipates further growth as new models enter production and exports expand across ASEAN and other international markets. The company has also secured new component programs for upcoming Proton and Perodua models, which are expected to bolster growth. Hamidon emphasized the company's commitment to its vision of becoming a one-stop automotive manufacturing hub, capable of serving global automotive brands and supporting Malaysia's goal of becoming a leading regional center for automotive production and exports.",
  "summary": "KUALA LUMPUR: EP Manufacturing Bhd’s net profit surged nearly 19-fold to RM5.15 million in the second quarter ended June 30, 2026, from RM277,000 a year earlier, driven by its automotive localisation partnerships with Chinese carmakers.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}