Beijing Jingcheng Machinery Electric Co Ltd

Jingcheng Shares released its 2026 interim report, with net profit attributable to the parent company at negative 62.63 million yuan, a loss expansion of 46.88 million yuan compared with the same period last year. The company's total operating revenue was 652 million yuan, down 4.15 percent year-on-year. Net cash flow from operating activities was negative 88.64 million yuan, an increase of 1.31 million yuan over the same period last year, marking two consecutive years of growth. The company's latest asset-liability ratio was 57.12 percent, gross margin was 11.61 percent, return on equity was negative 7.89 percent, and diluted earnings per share was negative 0.10 yuan.

Jingcheng Shares released its 2026 half-year report, with net profit attributable to the parent company widening from a loss of 15.76 million yuan in the same period last year to a loss of 62.63 million yuan. The company's first-half operating revenue was 652 million yuan, down 4.15 percent year on year. Net profit attributable to the parent company excluding non-recurring items widened from a loss of 22.6 million yuan in the same period last year to a loss of 67.64 million yuan. Net operating cash flow was negative 88.64 million yuan, up 1.5 percent year on year. In the second quarter, net profit attributable to the parent company widened from a loss of 3.85 million yuan in the same period last year to a loss of 30.42 million yuan. As of the end of the second quarter, the company's total assets were 2.95 billion yuan, down 5.8 percent from the end of the previous year, and net assets attributable to the parent company were 794 million yuan, down 7.4 percent from the end of the previous year.

Jingcheng Machinery Electric disclosed its earnings forecast, expecting a net loss attributable to shareholders of the parent company of 61.6 million to 73.6 million yuan for the first half of 2026, compared with a loss of 15.7557 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 66.9 million to 79.7 million yuan, compared with a loss of 22.6028 million yuan a year earlier. The company stated that the widening loss is mainly due to factors such as hydrogen energy and other emerging businesses still being in the early stages of industry cultivation, market scale not meeting expectations, and intense competition. At the same time, increased research and development expenses and exchange losses also exacerbated the loss. Jingcheng Machinery Electric's main business is divided into two segments: gas storage and transportation, and intelligent manufacturing.