Hiecise Precision Equipment Co Ltd

Huachen Equipment disclosed its 2026 semi-annual report on August 29. In the first half of the year, net profit attributable to the parent company reached 62.6925 million yuan, up 83.76% year on year, but total operating revenue was 194 million yuan, down 27.28% year on year. Non-GAAP net profit was 20.2841 million yuan, down 2.62% year on year, and net cash flow from operating activities was 51.6642 million yuan, up 4.28% year on year. Total non-recurring gains and losses were 42.4084 million yuan, including 44.5681 million yuan from fair value changes and disposal gains or losses on financial assets, and 5.2448 million yuan in government subsidies. As of August 28, the company's price-to-earnings ratio on a trailing twelve-month basis was about 25.67 times, and its price-to-book ratio was about 3.17 times. The company is a leading domestic enterprise in the field of high-end precision grinding equipment.