Hefei Changqing Machinery Co Ltd

Changqing Co. announced its 2026 half-year report on August 27. In the first half, it achieved operating revenue of 1.91 billion yuan, up 19.5% year on year, and net profit attributable to the parent of 18.61 million yuan, successfully turning losses into profits, compared with a loss of 20.53 million yuan in the same period last year. Net profit attributable to the parent after deducting non-recurring items was 18.32 million yuan, compared with a loss of 22.26 million yuan a year earlier. Net operating cash flow was negative 246 million yuan, up 31.7% year on year, and earnings per share were 0.0782 yuan. In the second quarter, the company's operating revenue was 991 million yuan, up 26.1% year on year, and net profit attributable to the parent was 11.67 million yuan, compared with a loss of 26.66 million yuan in the same period last year. As of the end of the second quarter, the company's total assets were 6.848 billion yuan, up 13.7% from the end of the previous year, and net assets attributable to the parent were 2.201 billion yuan, up 0.6%. The company mainly produces stamped and welded automotive parts, and has transformed into a modular, automated, multi-business-chain manufacturer, with a focus on advancing automation upgrades and expanding new energy business.

Changqing Shares disclosed its earnings forecast, expecting a net profit attributable to the parent company of 16.5 million to 20.2 million yuan in the first half of 2026, compared with a loss of 20.5254 million yuan in the same period last year, achieving a turnaround from loss to profit year-on-year. Deducted non-recurring net profit is expected to be 16 million to 19.7 million yuan, compared with a loss of 22.2604 million yuan in the same period last year. The company stated that the change in performance is mainly due to the formation of a competitive marketing team driving steady growth in revenue scale, as well as continued investment in technological upgrades to improve production efficiency and resource utilization, leading to lower unit costs and improved overall gross margin.