Diwell disclosed its first-half 2026 financial report, showing higher revenue but lower profit, with net profit attributable to the parent company falling more than 30 percent year on year. The company achieved total operating revenue of 574 million yuan, up 2.00 percent year on year; net profit attributable to the parent company was 32.99 million yuan, down 35.97 percent year on year; non-GAAP net profit was 31.86 million yuan, down 36.54 percent year on year; and net cash flow from operating activities was 119 million yuan, up 222.97 percent year on year. Profit pressure was mainly affected by two factors: the IPO-funded precision manufacturing project for key oil and gas equipment components is in the ramp-up stage after commissioning, and the transfer of construction in progress to fixed assets brought new rigid depreciation, while trial production material losses and early-stage project operating investment pushed up overall costs; at the same time, the appreciation of the renminbi exchange rate caused exchange losses on foreign currency accounts receivable, and financial expenses increased year on year. The combined adverse impact of these two factors reduced profit for the period by about 33 million yuan. As of the time of writing on August 24, Diwell fell 6.70 percent, with the share price at 18.95 yuan per share, and the year-to-date decline was about 38 percent.
Nanjing Develop Advanced Manufacturing Co LtdFirst-half net profit down 35.97% due to ramp-up costs and FX losses, causing share price to fall 6.7%.
