Guangdong Sanhe Pile Co Ltd

Sanhe Pile released its 2026 semi-annual report on the evening of August 27. In the first half, it achieved operating revenue of 2.745 billion yuan and net profit attributable to the parent of 15.0168 million yuan, maintaining profitability amid overall industry pressure. According to statistics from the National Bureau of Statistics and the China Concrete and Cement-based Products Association, from January to June this year, main business revenue of concrete and cement-based products industrial enterprises above designated size fell 22.22 percent year on year, while total profit fell 100.56 percent year on year. Sanhe Pile's revenue decline was better than the industry overall, and gross margin for pile products was 12.13 percent, down only 0.35 percentage points year on year. The company said its dual-wheel drive model supported earnings resilience. On one hand, it relied on differentiated products such as large-diameter ultra-long marine piles and C105 ultra-high-strength concrete pipe piles to drive transformation of its traditional business. On the other hand, it expanded into new energy and new infrastructure, signing strategic cooperation agreements with China Railway 16th Bureau Group Materials Trading Company, Hunan Red Solar New Energy, China Railway No. 9 Group, and Taicang Water Resources and Municipal Design. Some niche segments achieved structural growth, with pile product sales in transportation and wind power rising notably. In the first half, overseas operating revenue was about 117 million yuan, up 149.60 percent year on year. The company noted that investment in the six networks and related key areas in 2026 deserves the most attention. During the 15th Five-Year Plan period, large-scale investment in the national water network, new-type power grid, and urban underground pipeline network will open medium- and long-term demand space for the pile foundation industry.