Segment reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment reporting

Schedule of company's product sector information

The Company’s product sector information for the three and six months ended June 30, 2025 and 2024, is as follows (figures are in thousands of USD):


		Henglong			Jiulong			Wuhu			Hubei Henglong			Henglong KYB			Brazil Henglong			Other Entities			Total
Three Months Ended June 30, 2025
Net sales to China		$	71,867		$	20,350		$	6,092		$	247		$	47,442		$	—		$	31,039		$	177,037
Net sales to foreign countries			11,565			3,150			—			29,731			6,436			17,884			4,470			73,236
Total segment net sales			83,432			23,500			6,092			29,978			53,878			17,884			35,509			250,273
Less:
Cost of products sold			75,803			20,685			6,263			27,537			45,163			14,003			29,194			218,648
Selling, General and Research expense			5,039			2,085			572			3,117			2,536			520			6,948			20,817
Segment net income		$	2,590			730			(743)			(676)			6,179			3,361			(633)			10,808


		Henglong			Jiulong			Wuhu			Hubei Henglong			Henglong KYB			Brazil Henglong			Other Entities			Total
Six Months Ended June 30, 2025
Net sales to China		$	139,333		$	38,072		$	16,147		$	272		$	91,076		$	—		$	64,022		$	348,922
Net sales to foreign countries			24,828			5,099			—			56,964			11,172			34,415			6,039			138,517
Total segment net sales			164,161			43,171			16,147			57,236			102,248			34,415			70,061			487,439
Less:
Cost of products sold			149,546			38,416			15,203			49,494			87,236			28,338			57,548			425,781
Selling, General and Research expense			11,565			3,993			1,142			5,229			4,405			1,106			15,467			42,907
Segment net income		$	3,050			762			(198)			2,513			10,607			4,971			(2,954)			18,751


		Henglong			Jiulong			Wuhu			Hubei Henglong			Henglong KYB			Brazil Henglong			Other Entities			Total
Three Months Ended June 30, 2024
Net sales to China		$	69,691		$	16,520		$	8,998		$	17		$	36,409		$	—		$	31,603		$	163,238
Net sales to foreign countries			10,309			2,195			—			26,787			6,361			11,974			3,498			61,124
Total segment net sales			80,000			18,715			8,998			26,804			42,770			11,974			35,101			224,362
Less:
Cost of products sold			71,348			15,813			10,060			21,095			36,292			10,056			29,569			194,233
Selling, General and Research expense			5,474			1,941			1,091			3,959			3,592			711			6,894			23,662
Segment net income		$	3,178			961			(2,153)			1,750			2,886			1,207			(1,362)			6,467


		Henglong			Jiulong			Wuhu			Hubei Henglong			Henglong KYB			Brazil Henglong			Other Entities			Total
Six Months Ended June 30, 2024
Net sales to China		$	117,928		$	31,800		$	17,858		$	279		$	67,376		$	—		$	59,187		$	294,428
Net sales to foreign countries			20,788			3,667			—			56,908			10,391			24,675			4,914			121,343
Total segment net sales			138,716			35,467			17,858			57,187			77,767			24,675			64,101			415,771
Less:
Cost of products sold			124,186			30,150			19,019			46,210			67,467			19,419			53,984			360,435
Selling, General and Research expense			9,937			3,760			1,674			6,755			5,611			1,218			12,022			40,977
Segment net income		$	4,593			1,557			(2,835)			4,222			4,689			4,038			(1,905)			14,359

Schedule of reconciliation of net sales of reportable segments to consolidated net product sales


		Three Months Ended June 30,
		2025			2024
Net sales to China		$	177,037		$	163,238
Net sales to foreign countries			73,236			61,124
Total segment net sales			250,273			224,362
Eliminations			(74,028)			(65,754)
Total consolidated net product sales		$	176,245		$	158,608


		Six Months Ended June 30,
		2025			2024
Net sales to China		$	348,922		$	294,428
Net sales to foreign countries			138,517			121,343
Total segment net sales			487,439			415,771
Eliminations			(144,100)			(117,769)
Total consolidated net product sales		$	343,339		$	298,002

Schedule of reconciliation of net income of reportable segments to consolidated net income


		Three Months Ended June 30,
		2025			2024
Segment net income		$	10,808		$	6,467
Unallocated amounts:
Net gain on other sales			1,783			4,019
Other income, net			1,060			1,735
Interest Expenses			(292)			(183)
Financial income/(expense), net			1,327			(690)
Other corporate items			(265)			(485)
Less: Income Taxes			(4,049)			(2,108)
Total consolidated net income		$	10,372		$	8,755


		Six Months Ended June 30,
		2025			2024
Segment net income		$	18,751		$	14,359
Unallocated amounts:
Net gain on other sales			3,279			7,042
Other income, net			3,001			4,138
Interest Expenses			(775)			(441)
Financial income/(expense), net			3,305			(702)
Other corporate items			(1,748)			(2,526)
Less: Income Taxes			(6,986)			(3,851)
Total consolidated net income		$	18,827		$	18,019