China High Speed Transmission Reports Interim Profit Turnaround with RMB 32.94 Million Attributable Earnings

Stock News08-27 22:36

China High Speed Transmission (00658) has released its interim results for the six months ended June 30, 2026, revealing a notable financial turnaround. The group reported customer contract revenue of RMB 7.519 billion, reflecting a year-on-year decline of 24.6%, while profit attributable to owners of the company reached RMB 32.94 million, successfully reversing the loss recorded in the prior corresponding period. Earnings per share stood at RMB 0.02.

The company attributed the drop in sales revenue primarily to reduced deliveries of wind power gear transmission equipment, alongside a strategic shift toward supplying higher-margin and technologically advanced products. This deliberate transition, although impacting top-line figures, has contributed to the improved profitability metrics during the reporting period.

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