Jiangyin Hengrun Heavy

Hengrun Co. released its 2026 interim report, with net profit attributable to the parent company of 68.34 million yuan, an increase of 28.18 million yuan from the same period last year, up 70.15% year on year, marking a second consecutive year of growth. The company's total operating revenue was 1.87 billion yuan, and net cash outflow from operating activities was 201 million yuan. The latest gross margin was 13.75%, up 5.54 percentage points from the same period last year, rising for four consecutive quarters. Diluted earnings per share were 0.16 yuan, up 70.25% year on year.

Hengrun Co. disclosed its 2026 semi-annual report, with net profit attributable to the parent company of 68.34 million yuan in the first half, up 70.15% year on year. Total operating revenue for the same period was 1.869 billion yuan, down 9.81% year on year. Net profit after deducting non-recurring items was 73.39 million yuan, up 90.63% year on year. Basic earnings per share were 0.1551 yuan, and the weighted average return on equity was 2.07%. Net cash flow from operating activities was negative 201 million yuan, compared with negative 110 million yuan in the same period last year.

Hengrun Shares disclosed an earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 65 million and 75 million yuan, a year-on-year increase of 61.83% to 86.72%. Net profit after deducting non-recurring items is expected to be between 63 million and 73 million yuan, a year-on-year increase of 63.65% to 89.62%. The company stated that the expected profit growth is mainly due to rapid growth in revenue and profit from the computing power segment. The controlling subsidiary Shanghai Runliuchi Technology Company Limited has intensified market development efforts, leading to continuous growth in business scale. At the same time, product mix adjustments in the wind power bearing segment have driven improvements in marginal benefits, and cost reduction and efficiency enhancement measures have boosted overall profitability.