China National Chemical Engineering (601117) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥91.37 billion, up 1.05% year-over-year; net profit attributable to shareholders was ¥3.15 billion, up 1.41% year-over-year.

• Engineering remained the core business, contributing 92.59% of revenue; industrial business grew 18.6% year-over-year.

• New contracts signed totaled ¥209.49 billion, up 1.65% year-over-year, with overseas contracts rising to 34.82% of the total.

• Cash dividend of ¥1.05 per 10 shares proposed, representing 20.38% payout of H1 net profit.

Financial highlights

• Operating income: ¥91.37 billion (+1.05% YoY); total profit: ¥4.05 billion (+2.10% YoY).

• Net profit attributable to shareholders: ¥3.15 billion (+1.41% YoY); basic EPS: ¥0.52 (+1.96% YoY).

• Net assets attributable to shareholders: ¥70.41 billion (+4.80% from year-end 2025).

• Operating cash flow turned positive to ¥79.85 million from a negative ¥10.03 billion in H1 2025.

• Gross margin for main business: 10.31%, up 0.45 percentage points year-over-year.

Outlook and guidance

• Company expects continued growth in overseas markets and further expansion in high-end materials and green energy projects.

• Focus remains on technological innovation, digital transformation, and risk management amid global uncertainties.