Mixed H1 Earnings Results
Chinese Companies Report Mixed H1 2026 Earnings Amid Shifting Performance Across Key Sectors
Key Points
Jiangsu Maixinlin Aviation Science and Technology's H1 2026 basic and diluted earnings per share from continuing operations fell to 0.07 yuan, down from 0.28 yuan a year earlier.
Hanma Technology Group's net income for the half-year rose to 33.21 million yuan, up from 27.73 million yuan a year ago.
Shanghai Smith Adhesive New Material's EPS details show basic EPS of 0.1679 and diluted EPS of 0.17 for the half-year, up from 0.1431 and 0.1441 a year ago.
Shanghai Tongji Science&Technology Industrial's earnings per share declined to 0.20 yuan (basic and diluted) from 0.24 yuan a year earlier.
Guangxi Fenglin Wood Industry Group's half-year sales were 779.75 million yuan, slightly down from 782.97 million yuan, with net loss widening to 107.87 million yuan and basic/diluted loss per share of 0.10.
Chinese companies delivered sharply divided earnings results for the first half of 2026, with some posting strong growth while others faced steep declines. Sales growth ranged from robust gains at MarketScreener to outright losses, reflecting the uneven recovery across sectors from aviation to adhesives to wood products.
The mixed results underscore diverging fortunes within China's industrial base. Five major companies reported vastly different trajectories, with profitability swinging from double-digit million-yuan gains to losses exceeding 100 million yuan in a single half-year period.
Aviation Firm Struggles as Profits Plunge 73%
Jiangsu Maixinlin Aviation Science and Technology reported troubling H1 2026 results. Sales fell to 268.08 million yuan from 287.4 million yuan a year earlier. Net income dropped sharply to 10.77 million yuan, down from 41.08 million yuan — a 73% decline. MarketScreener noted earnings per share fell to 0.07 yuan from 0.28 yuan.
Tech and Materials Firms Find Stronger Footing
Two companies showed clear growth momentum. Hanma Technology Group's sales jumped to 3,831.34 million yuan from 2,847.22 million yuan, up 35%. Net income rose to 33.21 million yuan from 27.73 million yuan. Shanghai Smith Adhesive New Material posted even more impressive gains: sales reached 1,114.2 million yuan with net income of 48.25 million yuan, according to MarketScreener.
Smith Adhesive's earnings per share jumped to 0.1679 yuan (basic) and 0.17 yuan (diluted), up from 0.1431 and 0.1441 respectively. The company benefited from rising demand in its core markets.
Wood Industry Giant Deepens Losses
Guangxi Fenglin Wood Industry Group sank deeper into the red during the half-year. Sales dipped slightly to 779.75 million yuan from 782.97 million yuan. But net losses more than doubled to 107.87 million yuan from just 46.6 million yuan a year ago, per MarketScreener. Basic and diluted loss per share stood at 0.10 yuan.
Industrial Tech Firm Faces Profit Erosion
Shanghai Tongji Science & Technology Industrial reported sales growth that masked underlying weakness. Sales climbed to 2,316.56 million yuan from prior-year levels. Yet net income fell to 123.32 million yuan from 146.34 million yuan — a 15% drop, MarketScreener reported. Earnings per share declined to 0.20 yuan from 0.24 yuan.
Sentiment
Mostly NegativePublishers
22
Articles
137
Reach
159
