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DongHua Testing Technology Co Ltd

DongHua Testing Technology Co., Ltd. provides research and solutions for structural mechanical properties and electrochemical workstations in China. Its products include data acquisition systems, software platforms, sensors, experimental teaching systems, metrology calibration products, and accessories, as well as customized measurement and control analysis systems and equipment failure prediction and health management systems. The company also offers solutions for structural fatigue life, acoustic analysis, structural dynamics, rotating machinery analysis, and the influence of external forces on structures, along with presales and after-sales support, product customization, and calibration services. Founded in 1993 and based in Jingjiang, China, it serves the aerospace, shipbuilding, bridge construction, rail transportation, automotive, and energy and chemical industries.

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300354.CS

Donghua Testing's 2026 interim report shows declines in revenue and profit, with cash flow under pressure

Donghua Testing released its 2026 interim report, showing declines in both revenue and profit, while operating cash flow turned from positive to negative. During the reporting period, the company achieved operating revenue of 223 million yuan, down 21.01 percent year on year; net profit attributable to shareholders was 39 million yuan, down 49.05 percent; and non-GAAP net profit was 39 million yuan, down 48.63 percent. Net cash flow from operating activities was negative 17 million yuan, compared with positive 8 million yuan in the same period last year. Revenue from the core structural mechanics performance testing and analysis system business was 136 million yuan, down 29.89 percent year on year, with gross margin falling 4.01 percentage points to 65.61 percent. Revenue from the emerging structural safety online monitoring and defense equipment PHM system business was 40 million yuan, up 14.36 percent year on year, and revenue from electrochemical workstations was 31 million yuan, up 10.06 percent. The decline in performance was mainly affected by lower operating revenue, reduced other income, and increased administrative expenses, among which the decrease in value-added tax refunds caused other income to fall 53.16 percent year on year.
蓝鲸财经·26dRead more →
300354.CS2

Donghua Testing's 2026 interim net profit was 38.92 million yuan, down 49.05% year-on-year

Donghua Testing released its 2026 interim report, with net profit attributable to the parent company of 38.92 million yuan, a decrease of 49.05% compared with the same period last year. The company's total operating revenue was 223 million yuan, a decrease of 59.38 million yuan from the same period last year, down 21.01% year-on-year. Net cash flow from operating activities was negative 17.36 million yuan, a decrease of 18.16 million yuan from the same period last year. The company's latest asset-liability ratio was 9.54%, gross margin was 65.40%, and diluted earnings per share was 0.28 yuan.
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Artificial Intelligence

Donghua Testing Accelerates Physical AI Agent Development, Embarking on a Strategic Leap to an Industrial Intelligence Platform

Donghua Testing is accelerating the development of physical AI model agents based on finite element simulation, officially embarking on a strategic leap from a leading testing instrument manufacturer to a full-stack physical AI agent supplier. Leveraging thirty years of high-fidelity measured data and failure mechanism libraries accumulated in aerospace, rail transit, energy and power, and other fields, the company has built closed-loop capabilities for virtual-real mutual feedback and edge-side engineering deployment, forming a layered architecture of large model coordination plus specialized edge AI small model execution. Its physical AI agents already have clear monetization paths in three major scenarios: equipment structural optimization design, operational status assessment, and adaptive control, and are expected to drive industrial maintenance from passive monitoring to intelligent autonomy. Market analysis suggests that as the business model extends from selling equipment to selling agent services, the company's valuation anchor is shifting from hardware price-to-earnings ratios to the price-to-sales ratio system of industrial intelligence platforms.
证券时报·40dRead more →