Xinqianglian disclosed its 2026 semi-annual report on August 29. In the first half of the year, total operating revenue reached 2.073 billion yuan, down 6.17% year on year. Net profit attributable to the parent company was 411 million yuan, up 2.93% year on year. Net profit after deducting non-recurring items was 369 million yuan, up 10.08% year on year. Net cash flow from operating activities was 364 million yuan, up 275.77% year on year. Basic earnings per share were 0.99 yuan, and the weighted average return on equity was 5.76%, down 1.64 percentage points year on year. As of the end of the first half, the company's inventory book value was 1.699 billion yuan, accounting for 23.3% of net assets, an increase of 411 million yuan from the end of the previous year. Long-term borrowings increased by 94.29% from the end of the previous year, and construction in progress increased by 100.31%.
Luoyang Xinqianglian Slewing BearinH1 2026 net profit rose 2.93% YoY to 411 million yuan and net profit after non-recurring items rose 10.08%, with operating cash flow up 275.77%.
