China Merchants Securities: Construction machinery sector beta continues to outperform expectations, with a clear focus on high-quality development.

It is recommended to focus on leading construction machinery OEMs, component manufacturers, and aerial work platform/forklift manufacturers.

Zhitong FinanceMay 22 10:20

Construction Machinery: Construction Machinery\'s First-Quarter Report for 2026

SZSIApr 30 00:00 · Announcements

Construction Machinery First Quarter Report for 2026

SZSIApr 30 00:00 · Announcements

Construction Machinery (600984.SH) reported a net loss of 279 million yuan in the first quarter.

According to Gelonghui on April 29, the financial report released by Construction Machinery (600984.SH) for the first quarter of 2026 showed that the company achieved operating revenue of 449 million yuan in the first quarter, representing a year-on-year increase of 3.44%. The net profit attributable to shareholders was -279 million yuan, and the net profit after deducting non-recurring items was -271 million yuan.

Gelonghui FinanceApr 29 19:51

Construction Machinery reported a net loss attributable to shareholders of 21.97 billion yuan in 2025, with leasing revenue increasing to 78.35% of total revenue but a gross profit margin of -11.17%.

In 2025, the company's revenue was RMB 2.543 billion (a year-on-year decrease of 6.74%), and the net profit attributable to shareholders was -RMB 2.197 billion (a year-on-year decrease of 122.26%). The deterioration of its core business, coupled with an asset impairment of RMB 871 million, led to a significant loss. The proportion of leasing income increased to 78.35%, while domestic revenue reached 94.60%, indicating further concentration in both core operations and regional focus. Net operating cash flow amounted to RMB 542 million (a year-on-year increase of 34.89%), but profitability quality deteriorated significantly, showing a notable divergence.

lanjinger.comApr 25 16:58

Construction Machinery 2025 Annual Report

SZSIApr 25 00:00 · Announcements