ST Yuanzhi released its 2026 interim report on August 27. Driven by its dual engines of elevator manufacturing and overseas exports, the company achieved steady revenue growth during the reporting period. However, due to exchange rate fluctuations, higher selling expenses, and a sharp decline in non-recurring gains and losses, net profit attributable to the parent company fell significantly, showing a pattern of rising revenue but falling profit. During the reporting period, the company recorded operating revenue of 565 million yuan, up 9.80 percent year on year. Net profit attributable to the parent company was 1.84 million yuan, down 91.39 percent year on year. Net profit after deducting non-recurring gains and losses was negative 8.66 million yuan, swinging from profit to loss. The elevator business remained the company's absolute core, contributing 556 million yuan in revenue and accounting for 98.31 percent of the total. Among this, straight elevator product revenue was 409 million yuan, up 28.84 percent year on year, with gross margin rising 1.34 percentage points to 31.13 percent. Overseas markets were the biggest highlight, with foreign revenue of 303 million yuan, surging 36.89 percent year on year, and its share of total revenue rising to 53.66 percent, with a gross margin of 35.55 percent. The decline in net profit attributable to the parent company mainly stemmed from reduced non-recurring gains and losses. Investment income fell 73.09 percent year on year, financial expenses turned from negative to positive at 9.21 million yuan, and selling expenses rose 21.42 percent year on year to 94.90 million yuan.
Shenyang Brilliant Elevator Group Co LtdNet profit attributable to parent fell 91.39% due to reduced non-recurring gains, higher selling expenses, and FX losses.
