Shandong Mining Machinery Group Co Ltd

On the afternoon of August 20, listed companies in Hong Kong and mainland China released a flurry of interim results for June 2026. AAC Technologies posted a 3 percent profit increase, CSPC Pharmaceutical Group a 139 percent increase, and Bank of East Asia a 0.4 percent increase, while Weibo saw a 56 percent profit decline, Chery Automobile a 12 percent decline, Changhong Meiling an 86 percent decline, and Shandong Mining Machinery Group a 94 percent decline. In addition, an accident at MMG's Las Bambas mine killed two people, and a first-instance verdict sentenced Evergrande's Xu Jiayin to life imprisonment and confiscation of all personal assets.

Shandong Mining Machinery released its 2026 interim report, with net profit attributable to the parent company of 6.2818 million yuan, a decrease of 93.62% compared with the same period last year. The company's total operating revenue was 837 million yuan, a decrease of 210 million yuan from the same period last year, down 20.05% year-on-year. Net cash flow from operating activities was negative 109 million yuan, a decrease of 33.4093 million yuan from the same period last year. The company's latest asset-liability ratio was 42.26%, an increase of 3.74 percentage points from the previous quarter. The latest gross margin was 23.10%, a decrease of 2.88 percentage points from the previous quarter. The latest return on equity was 0.19%, a decrease of 2.87 percentage points from the same period last year. The company's diluted earnings per share was 0.00 yuan, a decrease of 93.66% from the same period last year.