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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.
Sany Heavy Industry: First Quarter Report for 2026
Sunhe Intelligent (002097.SZ): Q1 net profit attributable to shareholders was RMB 18.1612 million, a year-on-year decrease of 44.05%.
Gelonghui, April 29th: Sunward Intelligent Equipment Co., Ltd. (002097.SZ) released its Q1 2026 report. During the reporting period, it achieved operating revenue of 1.546 billion yuan, representing a year-on-year increase of 2.17%; net profit attributable to shareholders of the listed company was 18.1612 million yuan, reflecting a year-on-year decrease of 44.05%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -23.3759 million yuan, compared to 8.9069 million yuan in the same period last year; basic earnings per share were 0.0169 yuan.
Sunward Intelligent Equipment Group's net profit attributable to shareholders reached 84.1619 million yuan in 2025, while its non-recurring net loss amounted to 221 million yuan, reflecting significant pressure on its core business.
In 2025, the company reported revenue of 7.31 billion yuan (+2.69%), with a net profit attributable to shareholders of 84.1619 million yuan (+15.30%). However, the non-recurring net profit incurred a significant loss of 221 million yuan, indicating pressure on core business profitability. The construction machinery segment provided stable support, while soaring costs in the aviation segment weighed on overall gross margins. Overseas sales accounted for 64.88% of total revenue, with Q4 seeing a concentrated release of losses. Non-recurring gains represented an abnormally high proportion (851%), underscoring challenges in the core business's ability to generate cash flow and highlighting liquidity pressures.
Sunward Intelligent Equipment Co., Ltd. (002097.SZ) reports a 15.30% year-on-year increase in net profit for 2025.
Gelonghui reported on April 25 that Sunward Intelligent Equipment Co., Ltd. (002097.SZ) released its 2025 annual report, showing the company achieved total revenue of 7.31 billion yuan for the full year, representing a year-on-year increase of 2.69%; net profit attributable to shareholders of 84.1619 million yuan, up 15.30% year-on-year; and non-recurring net profit attributable to shareholders of -221 million yuan. The company proposed a dividend distribution plan of RMB 0.23 per 10 shares for all shareholders.
Sany Heavy Industry: 2025 Annual Report