Xiangtan Yongda Mach Mnfg Co

Yongda Shares released its 2026 interim report, with total operating revenue of 1.063 billion yuan and net profit attributable to the parent of 3.4789 million yuan, down 94.01% from the same period last year. The company's net operating cash inflow was 77.2184 million yuan, its asset-liability ratio was 52.90%, gross margin was 10.37%, ROE was 0.26%, and diluted earnings per share was 0.01 yuan. The number of shareholders was 15,100, and the top ten shareholders held 66.37% of the total share capital.

Yongda Co. disclosed its 2026 semi-annual report on August 27. In the first half, total operating revenue reached 1.063 billion yuan, up 4.06% year on year, but net profit attributable to the parent company was only 3.4789 million yuan, a sharp year-on-year decline of 94.01%. Net profit after deducting non-recurring items was 1.3066 million yuan, down 96.51% year on year, while net cash flow from operating activities was 77.2184 million yuan, up 314.15% year on year. During the reporting period, basic earnings per share were 0.0145 yuan, and the weighted average return on equity was 0.26%, down 4.09 percentage points year on year. The company's main business is the research, development, production and sales of metal structural parts for large special-purpose equipment and high-speed heavy-duty gear forgings.

Yongda Shares disclosed an earnings forecast, expecting attributable net profit for the first half of 2026 to be between 2.8 million yuan and 4.2 million yuan, a year-on-year decline of 92.77% to 95.18%. Deducted non-recurring net profit is expected to be between 1.3 million yuan and 1.9 million yuan, a year-on-year drop of 94.92% to 96.52%. The company stated that the sharp decline in performance is mainly due to a one-time gain of 17.2062 million yuan from demolition compensation at its subsidiary Jiangsu Jinyuan High-End Equipment in the same period last year, with no such gain this period. At the same time, the tunnel boring machine market is under pressure, intensifying industry competition has led to a decline in segment gross margins, and the wind power business has seen lower profitability due to downstream price pressures.