Guangdong Dongfang Precision Science & Technology Co., Ltd. (SZSE: 002611), the Shenzhen-listed parent of Parsun outboard maker Suzhou Parsun Power Machine Co., Ltd., released its 2026 interim report on 28 July 2026, covering the six months to 30 June.
The headline numbers are dominated by a one-off. Dongfang Precision completed the sale of its entire corrugated cardboard production line business, the Fosber Group, Fosber Asia and Tiruña Asia, on 9 April 2026, and booked a disposal gain of RMB 4.385 billion, roughly $653 million at current rates, as a non-recurring item. That single transaction is why group net profit attributable to shareholders jumped 867.75 per cent year on year to RMB 3,846.23 million, about $573 million, even as total group revenue fell 21.68 per cent to RMB 1,690.86 million, about $252 million, because the divested business no longer consolidates. Strip out the non-recurring items and group net profit was RMB 86.10 million, about $12.8 million, down 66.48 per cent year on year.
None of that touches the outboard business. Further into the filing, in the smart marine equipment segment section, are the numbers Parsun customers and competitors will actually care about.
The Parsun numbers
Reported on a like-for-like basis, restated to exclude the divested packaging business, the smart marine equipment segment, which covers outboards, trolling motors and general-purpose small engines, posted H1 2026 revenue of RMB 655.04 million, about $97.6 million, up 35 per cent on H1 2025’s RMB 484.52 million. Segment net profit, adjusted to strip out both foreign exchange losses and non-recurring items, was RMB 48.70 million, about $7.3 million, up 18 per cent on RMB 41.36 million.
The filing also breaks out Suzhou Parsun Power Machine, referred to throughout as Baisheng Power, as a standalone subsidiary, and its own reported figures differ slightly from the adjusted segment numbers above: H1 2026 revenue of RMB 650 million, about $96.9 million, up approximately 35 per cent year on year, and net profit of RMB 66 million, about $9.8 million, up approximately 14 per cent. Dongfang Precision describes both as first-half records for the subsidiary. The filing states that Baisheng Power’s revenue and net profit have both compounded at over 20 per cent annually across the five years from H1 2021 to H1 2026, with H1 2026 revenue more than three times H1 2021’s figure.
A second high-horsepower diesel outboard
The filing’s most notable product disclosure is the D200, a 200hp-class diesel outboard that Dongfang Precision describes as the only diesel outboard in that power bracket available anywhere in the world. Baisheng Power launched the D200 in March 2026, then moved it through durability testing and quality optimisation into mass production and delivery within the same half year, which the company says fills a domestic gap in large-displacement diesel outboards.
The D200 follows the F300, the 300hp four-stroke petrol outboard that PBN covered on its launch. According to the filing, Baisheng Power became the first Chinese manufacturer to mass-produce a 300hp petrol outboard in 2025, delivering more than 200 units and making China the third country, after the United States and Japan, to mass-produce an outboard at that power level. The filing frames the F300 and D200 together as the products now driving Baisheng Power’s push into large-horsepower, multi-fuel outboards.
Baisheng Power also launched its first trolling motor in 2025, which the filing describes as China’s first foldable-structure trolling motor design.
Markets and capacity
The filing credits strong growth in Africa, Asia and Latin America for much of the gain: outboard sales in those markets rose 60 per cent year on year in H1 2026, following growth of more than 60 per cent across 2025 versus 2024. Baisheng Power added more than 50 new dealers globally in the half year and opened new agency channels in several additional countries.
The general-purpose small engine business, a separate product line built on petrol engines, generator sets and water pump sets sold mainly into Africa and the Middle East, grew revenue by more than 50 per cent year on year, and the filing states monthly production capacity for that line has been raised to 100,000 units.
Other details from the filing
Dongfang Precision states it holds a CNAS-accredited large-horsepower outboard emissions testing laboratory, which it describes as the first such accredited facility in China’s outboard industry, obtained in 2025.
The interim report also confirms an interim dividend of RMB 2 per 10 shares before tax, a total cash distribution of RMB 243.46 million, about $36.3 million, representing 100 per cent of distributable profit for the period.
John Moore is the editor of Powerboat News, an independent investigative journalism platform recognised by Google News and documented on Grokipedia for comprehensive powerboat racing coverage.
His involvement in powerboat racing began in 1981 when he competed in his first offshore powerboat race. After a career as a Financial Futures broker in the City of London, specialising in UK interest rate markets, he became actively involved in event organisation and powerboat racing journalism.
He served as Event Director for the Cowes–Torquay–Cowes races between 2010 and 2013. In 2016, he launched Powerboat Racing World, a digital platform providing global powerboat racing news and insights. The following year, he co-founded UKOPRA, helping to rejuvenate offshore racing in the United Kingdom. He sold Powerboat Racing World in late 2021 and remained actively involved with UKOPRA until 2025.
In September 2025, he established Powerboat News, returning to independent journalism with a focus on neutral and comprehensive coverage of the sport.
