Huaming Power Equipment (002270) Q2 2026 earnings summary

Executive summary

• Revenue reached ¥1.281 billion, up 14.25% year-over-year, driven by strong overseas growth, especially in power equipment exports, which now account for over 40% of segment revenue.

• Net profit attributable to shareholders was ¥389.84 million, up 5.79% year-over-year; adjusted for equity incentive costs, net profit rose 15.26%.

• Operating cash flow increased 44.41% year-over-year to ¥458.88 million, reflecting robust collections and improved working capital.

Financial highlights

• Power equipment revenue grew 14.64% year-over-year to ¥1.099 billion, with export sales up 44.59%.

• Gross margin for power equipment was 60.83%, up 0.35 percentage points year-over-year.

• Basic and diluted EPS were ¥0.4350, up 5.63% year-over-year.

• Total assets at period-end were ¥5.05 billion, down 2.97% from year-end 2025; net assets attributable to shareholders rose 7.20% to ¥3.37 billion.

• Asset-liability ratio improved from 39.09% to 32.71% during the period.

Outlook and guidance

• New orders and order growth remain stable compared to the prior year.

• Management expects continued overseas expansion and further gains in export-driven revenue.