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Jiangsu Changling Hydraulic Co. Ltd

JiangSu Changling Hydraulic Co., Ltd. and its subsidiaries research, develop, produce, and sell hydraulic components in China and internationally. Its products include slewing drives, slewing drives for solar tracking systems, hydraulic centre joints, adjuster cylinders, spring tensioning devices, valves, pin bushings, central turning joints and springs, precision castings such as compressor and automotive castings, and photovoltaic and construction machinery rotary reducers, along with related accessories. These products serve industries including construction machinery, mining machinery, and offshore operations. The company also engages in investment activities and was founded in 1978, with headquarters in Jiangyin, China.

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Changling Hydraulic's 2026 interim report shows net profit of 71.9447 million yuan

Changling Hydraulic released its 2026 interim report. The company's total operating revenue was 551 million yuan, and net profit attributable to the parent company was 71.9447 million yuan. Net cash flow from operating activities was negative 4.8077 million yuan, a decrease of 53.9976 million yuan compared with the same period last year, down 109.77 percent year on year. The company's asset-liability ratio was 10.35 percent, an increase of 0.88 percentage points from the same period last year. Gross margin was 29.58 percent, a decrease of 0.52 percentage points from the previous quarter. Return on equity was 3.42 percent. Diluted earnings per share was 0.38 yuan. Total asset turnover was 0.22 times, and inventory turnover was 2.00 times. The number of shareholders was 8,490. The top ten shareholders held 145 million shares, accounting for 77.44 percent of total share capital.
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Changling Hydraulic's General Manager Xia Zemin and Concerted Parties Plan to Reduce Stake by Up to 3%

Changling Hydraulic announced that director and general manager Xia Zemin and his concerted party, Jiangyin Lanhai Haolong Enterprise Management Partnership, plan to collectively reduce their holdings by no more than 5.609681 million shares, representing up to 3.0% of the company's total share capital. Xia Zemin intends to sell up to 2.430242 million shares, or 1.30% of total shares, between September 1 and November 30, 2026. Lanhai Haolong, an employee stock ownership platform established before the company's initial public offering, plans to reduce its stake by up to 3.179439 million shares, or 1.70% of total shares, through centralized bidding during the same period, with Xia Zemin reducing 1.959731 million shares via this platform. Lanhai Haolong is a concerted party of Xia Zemin and company shareholder Xia Jifa, who is Xia Zemin's father. As of the announcement date, Xia Zemin holds 38.222703 million shares, or 20.44% of total shares, and Lanhai Haolong holds 4.111353 million shares, or 2.20%.
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