China's Haitian International H1 revenue inches up despite lower overseas sales

Haitian International Holdings

24/08/2026 13:48

Overview
China injection molding machinery maker's H1 revenue rose 0.9% yr/yr
Net profit attributable to shareholders fell 7.7% yr/yr
Company cites lower overseas revenue and RMB appreciation for margin and profit declines

Outlook
Company did not provide specific financial guidance for future quarters or the full year in the press release

Result Drivers
LOWER OVERSEAS REVENUE - Co said a smaller share of overseas revenue reduced gross profit margin and profit
RMB APPRECIATION - Co cited RMB appreciation against USD as a factor in margin and profit declines
DELAYED OVERSEAS EXPANSION - Co said delayed overseas expansion by Chinese companies weighed on sales growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 9.1 bln
 
H1 Net Income Attributable
 
RMB 1.58 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Haitian International Holdings Ltd is HK$26.17, about 33.4% above its August 24 closing price of HK$19.62
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 21 - Chinese industrial robot maker ESTUN's H1 revenue edges up
Aug 24 - China's Q Technology H1 net profit falls 10.5% as margin declines
Aug 24 - Yuan eases from 3-1/2-year peak as PBOC tempers appreciation pace

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.)