Sinomach Precision Industry disclosed its 2026 semi-annual report, with operating revenue of 821 million yuan, down 4.25 percent year on year, and net profit attributable to shareholders of the listed company of 135 million yuan, a sharp decline of 28.07 percent year on year. After excluding the impact of share-based payment amortization from the 2024 restricted stock incentive plan, net profit attributable to the parent company was 150 million yuan, still down 25.99 percent year on year, while non-recurring net profit was 126 million yuan, down 27.63 percent year on year. The decline in performance was mainly due to a roughly 40 percent drop in international business revenue in the mechanical seal segment to about 50 million yuan, as well as intense market competition that led to lower gross margins in the mechanical seal incremental business and special valve segment, with the overall gross margin falling to 39.54 percent, down 4.49 percentage points year on year. Despite the sharp contraction in net profit, the company still plans to distribute a cash dividend of 5 yuan per 10 shares before tax, with an estimated total cash dividend of 103,967,368.5 yuan, accounting for 77.09 percent of first-half net profit attributable to the parent company.
Sinoseal Holding Co LtdNet profit plunged 28% due to lower international revenue and margins, despite planned dividends.
