Summary · why it matters
Zhongheng Design disclosed its 2026 semi-annual report, achieving contrarian growth amid overall pressure on the architectural design industry. Second-quarter net profit attributable to the parent was 45.6153 million yuan, up 26.93% year-on-year and a sharp 117% increase from the first quarter. First-half operating revenue was 535 million yuan, up 2.77% year-on-year; net profit attributable to the parent was 66.5684 million yuan, up 16.15% year-on-year. The company's commercial aerospace deployment has entered a harvest period, winning projects such as the second phase of the production headquarters base for iSpace's reusable liquid rocket, and a new factory in Chizhou for Galactic Energy, as well as investing 10 million yuan for a 2.27% stake in Jiangsu Fulinlan Technology, a provider of tiltrotor power system solutions. In terms of internationalisation, in the first half it won overseas projects including whole-process consulting for project management and supervision of Midea's intelligent manufacturing plant in Thailand, design for Naipu Mining Machinery's projects in Peru and Chile, and design for Hengli Hydraulic's project in Germany. The company plans to distribute a cash dividend of 2.0 yuan per 10 shares, tax included, to all shareholders.