CITIC Heavy Industries Co Ltd

CITIC Heavy Industries released its 2026 interim report. Total operating revenue was 4.025 billion yuan, up 1.11% year on year, and net profit attributable to the parent company was 209 million yuan, up 2.95% year on year. Net cash inflow from operating activities was 654 million yuan, an increase of 883 million yuan compared with the same period last year. The company's asset-liability ratio was 53.84%, gross margin was 19.87%, and ROE was 2.23%. The number of shareholders was 115,000, and the top ten shareholders held 69.42% of total share capital.

On July 10, the Long March 10B carrier rocket successfully launched from the Hainan Commercial Space Launch Site and achieved controlled recovery of its first stage. This marks China's first successful controlled recovery of a carrier rocket first stage, and the world's first offshore net-based rocket recovery. CITIC Heavy Industries, as the lead unit for the net-based recovery system, undertook the joint design and manufacturing, main equipment supply, and installation and commissioning of the system. Its shares surged to the daily limit up near the close. Driven by this news, the commercial aerospace sector rallied in the afternoon, with dozens of stocks including Aerospace Huanyu, Jinlihua Electric, Shenjian Corporation, China Satcom, Aerospace Science and Technology, China Satellite, and Aerospace Power hitting limit up. Several satellite ETFs touched limit up intraday before pulling back slightly. Major A-share indices fell across the board on the day, with the Shanghai Composite Index down 1 percent, the Shenzhen Component Index down 2.29 percent, the ChiNext Index down 4.37 percent, and the STAR Composite Index down 4.50 percent, but over 3,700 stocks in the broader market rose. Technology growth stocks such as semiconductors, components, and memory chips pulled back sharply. Memory leader GigaDevice saw full-day turnover of 59.381 billion yuan, the highest on the A-share market, and ended down 7.76 percent.