Wuxi Huadong Heavy Machinery Co Ltd

Huadong Heavy Machinery disclosed its semi-annual report for 2026. In the first half of the year, it achieved total operating revenue of 757 million yuan, up 108.04% year on year. Net profit attributable to the parent company was 62.07 million yuan, up 137.31% year on year. Net profit after deducting non-recurring items was 59.12 million yuan, up 121.30% year on year. Net cash flow from operating activities was negative 15.39 million yuan, compared with negative 189 million yuan in the same period last year. Basic earnings per share were 0.0616 yuan, and the weighted average return on equity was 3.82%. The company's main business activities are the research, development, production and sales of container handling equipment.

Huadong Heavy Machinery disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 55 million yuan and 72 million yuan, representing a year-on-year increase of 110.28% to 175.27%. Deducted non-recurring net profit is also expected to be between 55 million yuan and 72 million yuan, up 105.87% to 169.5% year-on-year. The company stated that the significant profit growth was mainly driven by the expansion of its core intelligent port handling equipment business and improved profitability, with order backlog reaching a record high. However, the depreciation of the US dollar against the renminbi led to foreign exchange and valuation losses on foreign currency assets, causing a temporary drag on current earnings. In addition, the photovoltaic business is no longer included in the consolidated financial statements, and the related impact from the same period last year has been eliminated.