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Linhai Co Ltd

Linhai Co., Ltd. manufactures and sells all-terrain vehicles, agricultural machinery, forest and fire-fighting machinery, motorcycles, and spare parts in China. It also produces and sells product accessories. Founded in 1956, the company is based in Taizhou, China.

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Linhai Co., Ltd. reports first-half 2026 net profit of 13.667 million yuan, up 17.29% year on year

Linhai Co., Ltd. released its 2026 interim report. During the reporting period, the company achieved total operating revenue of 728 million yuan, an increase of 150 million yuan compared with the same period last year, up 25.88% year on year, marking a third consecutive year of growth. Net profit attributable to the parent company was 13.667 million yuan, an increase of 2.0145 million yuan from the same period last year, up 17.29% year on year, marking a second consecutive year of growth. Net cash inflow from operating activities was 48.3794 million yuan. The asset-liability ratio was 59.81%, gross margin was 11.72%, and return on equity was 2.46%, up 0.30 percentage points from the same period last year. Diluted earnings per share were 0.06 yuan, up 17.29% year on year. Total asset turnover was 0.57 times, ranking fourth among peers, and inventory turnover was 3.76 times, ranking third. The number of shareholders was 12,500, and the top ten shareholders held 51.86% of total share capital.
600099.CG · Capital · Positive Reports higher revenue and net profit, with growth in both metrics.
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Linhai Co. first-half revenue up 25.9% year on year, net profit attributable to parent up 17.3%

Linhai Co. released its 2026 interim report. Operating revenue was 728 million yuan, up 25.9% year on year. Net profit attributable to the parent was 13.67 million yuan, up 17.3%. Net profit attributable to the parent after deducting non-recurring items was 12.13 million yuan, up 25.1%. Second-quarter operating revenue was 402 million yuan, up 30.8% year on year, and net profit attributable to the parent was 9.51 million yuan, up 16.5%. The company's main business remains the manufacture and sale of forest firefighting machinery, agricultural machinery, special vehicles, motorcycles and related parts. During the reporting period, agricultural machinery sales revenue increased, forest firefighting machinery sales revenue fell 41.63% year on year, and special vehicle and motorcycle product sales revenue rose 63.37% and 27.39% respectively.
600099.CG · Capital · Positive First-half revenue up 25.9% and net profit up 17.3%, with strong growth in special vehicles and motorcycles.
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Sinomach Finance Fined 400,000 Yuan for Inaccurate Loan Risk Classification

Sinomach Finance Company Limited was fined 400,000 yuan for inaccurate risk classification of certain loans and failure to truthfully reflect asset quality, while responsible personnel in relevant departments were given warnings. Linhai Co., Ltd. received a notification letter from Sinomach Finance on August 14, 2026, and has initiated risk prevention and handling procedures, urging Sinomach Finance to explain the situation, assess risks, and formulate a rectification plan. Sinomach Finance will pay the fine on schedule and implement rectification. This matter will not have a material impact on its daily operations or the financial services it provides to Linhai Co., Ltd., and the deposit and loan business between the two parties will also be unaffected. In the first quarter of 2026, Linhai Co., Ltd. achieved revenue of 326 million yuan and net profit attributable to the parent company of 4.16 million yuan.
Sinomach Finance Co Ltd · Regulation · Negative Sinomach Finance fined 400,000 yuan for inaccurate loan risk classification and must rectify.
600099.CG · Regulation · Neutral Linhai received notification of fine but stated no material impact on operations or financial services.
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