Huadong Heavy Machinery disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 55 million yuan and 72 million yuan, representing a year-on-year increase of 110.28% to 175.27%. Deducted non-recurring net profit is also expected to be between 55 million yuan and 72 million yuan, up 105.87% to 169.5% year-on-year. The company stated that the significant profit growth was mainly driven by the expansion of its core intelligent port handling equipment business and improved profitability, with order backlog reaching a record high. However, the depreciation of the US dollar against the renminbi led to foreign exchange and valuation losses on foreign currency assets, causing a temporary drag on current earnings. In addition, the photovoltaic business is no longer included in the consolidated financial statements, and the related impact from the same period last year has been eliminated.
Wuxi Huadong Heavy Machinery Co LtdCore intelligent port handling equipment business expansion and record-high order backlog drive profit growth.