Xiangyang Changyuan Donggu Industry Co Ltd

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Changyuan Donggu Plans to Acquire 100% Stake in Kanghao Electromechanical for 5.01 Billion Yuan

Changyuan Donggu announced on the evening of September 7 that it plans to purchase the 100% equity stake in Xiangyang Kanghao Electromechanical Engineering Co., Ltd. held by Hubei Xinyuan Power Technology Group Co., Ltd. through a share issuance, with a transaction price of 5.01 billion yuan, and simultaneously raise supporting funds of no more than 2 billion yuan. This transaction constitutes a related-party transaction and a major asset restructuring, but does not constitute a restructuring listing. The target company, Kanghao Electromechanical, is mainly engaged in heat exchange systems and power unit businesses, with an appraisal appreciation rate of 237.67%. After the transaction is completed, Changyuan Donggu's business will extend downstream in the industrial chain to heat exchange systems and other areas. It is expected that in 2025, operating revenue will increase from 2.255 billion yuan to 3.7 billion yuan, and net profit attributable to the parent company will increase from 389 million yuan to 689 million yuan. In the first half of the year, Changyuan Donggu achieved operating revenue of 1.014 billion yuan, a year-on-year decrease of 2.03%, and net profit attributable to the parent company of 167 million yuan, a year-on-year increase of 1.66%.

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Changyuan Donggu Releases 2026 Interim Report: Net Profit of 167 Million Yuan

Changyuan Donggu released its 2026 interim report on August 27, 2026. During the reporting period, the company achieved total operating revenue of 1.014 billion yuan, a decrease of 2.03 percent compared with the same period last year. Net profit attributable to the parent company was 167 million yuan, and net cash inflow from operating activities was 309 million yuan. The company's latest asset-liability ratio was 48.08 percent, and its gross margin was 25.63 percent, a decrease of 1.06 percentage points from the same period last year. Return on equity was 5.31 percent, a decrease of 0.58 percentage points from the same period last year. Diluted earnings per share were 0.52 yuan, total asset turnover was 0.17 times, and inventory turnover was 1.11 times. The company had 13,700 shareholders, and the top ten shareholders held 67.96 percent of the total share capital.

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Changyuan Donggu's first-half net profit attributable to parent was 167 million yuan, up 1.7% year on year

Changyuan Donggu released its 2026 interim report. First-half net profit attributable to the parent was 167 million yuan, up 1.7% year on year. Operating revenue was 1.01 billion yuan, down 2.0% year on year. Net profit attributable to the parent excluding non-recurring items was 153 million yuan, down 2.0% year on year. Net operating cash flow was 309 million yuan, up 45.2% year on year. Earnings per share were 0.5143 yuan. In the second quarter, operating revenue was 513 million yuan, down 3.9% year on year, and net profit attributable to the parent was 83.86 million yuan, down 2.8% year on year. As of the end of the second quarter, total assets were 6.083 billion yuan, up 4.9% from the end of the previous year, and net assets attributable to the parent were 3.139 billion yuan, up 4.2% from the end of the previous year. The company mainly produces core components such as cylinder blocks and cylinder heads for diesel, natural gas and gasoline engines, and adopts an order-based production model. Its main customers include Foton Cummins and Dongfeng Cummins. The company is deepening cooperation with new energy customers such as BYD and Seres, and has established a gas turbine and electric power business segment to enter the gas-fired power generation market. It has already signed relevant sales contracts, which are expected to support future business growth.

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