KraussMaffei Co Ltd

Sinochem Equipment disclosed its half-year report on August 26. In the first half of 2026, the company achieved operating revenue of 438 million yuan, down 33.49 percent year on year, and net profit attributable to shareholders of the listed company was negative 65.594 million yuan. During the reporting period, affected by the macro industry cycle, overall capital expenditure and investment pace in the petrochemical industry slowed, and the commissioning progress of new projects by some downstream customers fell short of expectations, causing the company's backlog scheduling, delivery and revenue recognition to be delayed accordingly, with operating revenue declining year on year. As of the end of the reporting period, the company's backlog stood at 1.668 billion yuan, up 19.91 percent from the end of 2025.

Sinochem Equipment disclosed its earnings forecast, expecting a net loss attributable to the parent of 48.879 million to 73.3186 million yuan in the first half of 2026, compared with a loss of 18.3759 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 48.2831 million to 72.4247 million yuan, compared with a loss of 26.8148 million yuan a year earlier. The company said the change in performance was mainly due to a decline in operating revenue caused by slowing capital expenditure in the petrochemical industry, as well as one-off expenses such as employee severance benefits arising from the absorption and merger of a subsidiary. In addition, the operating loss of its associate KraussMaffei widened, and the company shared the investment loss based on its 9.24% stake, further dragging down performance.