CIMC's first-half net profit attributable to parent falls 42.1% year-on-year to 740 million yuan

Earnings
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CIMC Group released its 2026 interim report. Net profit attributable to the parent in the first half fell 42.1% year-on-year to 740 million yuan, while operating revenue was 78.91 billion yuan, up 3.7% year-on-year. Second-quarter net profit attributable to the parent was 531 million yuan, down 27.8% year-on-year, and operating revenue was 46.25 billion yuan, up 15.4% year-on-year. Net profit attributable to the parent excluding non-recurring items was 665 million yuan in the first half, down 46.4% year-on-year, and net operating cash flow was negative 560 million yuan, down 107.8% year-on-year. As of the end of the second quarter, the company's total assets were 170.305 billion yuan, up 2.1% from the end of the previous year, and net assets attributable to the parent were 49.866 billion yuan, down 1.0% from the end of the previous year. Among business segments, container manufacturing revenue was 21.92 billion yuan, up 0.85% year-on-year, with dry container sales reaching 1.1385 million TEU, up about 1.12% year-on-year. Road transport vehicle revenue rose to 10.737 billion yuan, up 10.09% year-on-year, but net profit declined due to rising costs. Energy, chemical and liquid food equipment revenue was 13.396 billion yuan, up 2.98% year-on-year, with net profit of 480 million yuan, up 4.35% year-on-year. Logistics services revenue was 13.945 billion yuan, up 2.70% year-on-year, and net profit rose 18.81% year-on-year.

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