Chongqing Machinery & Electric half-year revenue and profit rise on clean energy strength

Chongqing Machinery & Electric

20/08/2026 15:53

Overview
China industrial equipment maker's half-year revenue rose 15.9% yr/yr
Net income attributable to shareholders for the period increased 31.1% yr/yr
Company recommended interim dividend of RMB0.02 per share, double last year's payout

Outlook
Company did not provide specific guidance or outlook for future periods

Result Drivers
CLEAN ENERGY SALES GROWTH – Segment revenue rose 17.8%, helped by higher wind blade capacity
EQUITY-ACCOUNTED INVESTMENTS – Profit attributable to shareholders rose 31.1%, mainly as investment income increased about 34%

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 5.4 bln
 
H1 Net Income Attributable
 
RMB 577.4 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Reuters Recommended Reads
Aug 20 - Deere Q3 net sales and revenues rise on Construction & Forestry strength, lifts FY outlook
Aug 18 - Ameramex Q2 revenue more than triples on stronger heavy equipment demand
Aug 18 - China State Construction H1 profit falls on fewer new projects; cuts dividend

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)