Sinochem Equipment disclosed its half-year report on August 26. In the first half of 2026, the company achieved operating revenue of 438 million yuan, down 33.49 percent year on year, and net profit attributable to shareholders of the listed company was negative 65.594 million yuan. During the reporting period, affected by the macro industry cycle, overall capital expenditure and investment pace in the petrochemical industry slowed, and the commissioning progress of new projects by some downstream customers fell short of expectations, causing the company's backlog scheduling, delivery and revenue recognition to be delayed accordingly, with operating revenue declining year on year. As of the end of the reporting period, the company's backlog stood at 1.668 billion yuan, up 19.91 percent from the end of 2025.
KraussMaffei Co LtdSinochem Equipment's first-half loss and revenue decline due to slowed petrochemical industry capex and delayed project commissioning, impacting KraussMaffei as a peer in the same sector.
