Crane maker Yongmao swings to H1 profit as revenue, margins rise

Yongmao Holdings

12/11/2026 09:47

Overview
China crane maker's half-year revenue rose 18.5% yr/yr to RMB 437.8 mln
Company returned to profit with RMB 20.5 mln net income attributable to equity holders
Gross margin for the half-year improved to 31.2%

Outlook
Company did not provide specific guidance or outlook for future periods in its press release

Result Drivers
TOWER CRANE SALES – Higher tower-crane and component sales, alongside higher rental and service income, lifted revenue
LUFFING MODEL MIX – Gross profit margin rose to 31.2% from 28.3% while luffing models made up a greater proportion of sales
FREIGHT AND DEPRECIATION – Higher sales-linked freight costs and depreciation increased distribution costs

Company press release: ID:nSN97fq0F

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 437.8 mln
 
H1 Gross Margin
 
31.2%
 
H1 Net Income Attributable
 
RMB 20.5 mln
 
H1 Operating Expenses
 
RMB 115.4 mln
 

Analyst Coverage
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

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(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.)