Chongqing Machinery & Electric reports strong interim profit and revenue growth

For the six months ended June 30, 2025, Chongqing Machinery & Electric reported revenue of approximately RMB4,658.1 million, an increase of 9.2% from the corresponding period last year. Gross profit also rose by 10.4% to approximately RMB799.8 million. Profit attributable to shareholders saw a substantial increase of 53.8% to RMB416.0 million, with basic earnings per share rising to RMB0.11, up 57.1%. Net assets per share increased by 5.2% to approximately RMB2.41.

The group's operating profit for the period was approximately RMB451.4 million, a 36.0% increase, primarily due to improved performance in the hydropower equipment business and growth in investment income. Investment income increased by 41.3% to RMB398.1 million, benefiting from stronger performances by Chongqing Cummins and Chongqing Hitachi Energy. The board recommended an interim dividend of RMB0.01 per share.

The group continues to focus on developing modern manufacturing clusters, promoting industrial transformation, and fostering new industries, with an emphasis on green and low-carbon initiatives and innovation-driven growth.