Zhejiang Dingli Machinery (603338) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 5.41 billion, up 24.86% year-over-year, driven by global market expansion and product innovation.

• Net profit attributable to shareholders was RMB 989.53 million, down 5.95% year-over-year, mainly due to increased exchange losses.

• Total assets grew 4.54% to RMB 18.14 billion, and net assets attributable to shareholders rose 3.28% to RMB 11.78 billion.

• The company maintained its leadership in the aerial work platform sector, emphasizing electrification, green manufacturing, and global market penetration.

Financial highlights

• Operating income: RMB 5.41 billion, up 24.86% year-over-year.

• Net profit attributable to shareholders: RMB 989.53 million, down 5.95% year-over-year.

• Operating cash flow: RMB 315.42 million, compared to negative RMB 133.53 million in the prior year.

• Basic and diluted EPS: RMB 1.95, down 6.25% year-over-year.

• Gross margin: 32.96%, down from 35.74% year-over-year.

Outlook and guidance

• The company will continue to focus on high-value, differentiated, and electrified products to drive growth.

• Ongoing investment in R&D and digital transformation to enhance competitiveness and operational efficiency.

• Management expects continued revenue growth and resilience despite global uncertainties.