XCMG Machinery: H1 Net Profit Reaches 3.706 Billion Yuan, Up 3.24% YoY
On August 28th, XCMG Machinery released its semi-annual report, revealing that the company achieved a revenue of 49.632 billion yuan in the first half of 2024, a decline of 3.21% year-on-year. However, net profit reached 3.706 billion yuan, up 3.24% YoY, with basic earnings per share at 0.31 yuan.

Sany Heavy Industry: H1 Revenue of 38.738 Billion Yuan, Net Profit of 3.573 Billion Yuan, Up 4.8% YoY
On August 31st, Sany Heavy Industry released its H1 2024 financial report. The company reported revenue of 38.738 billion yuan and a net profit of 3.573 billion yuan, a 4.8% increase YoY. Operating cash flow surged by 2204.61% to 8.438 billion yuan. In Q2 alone, revenue was 21.076 billion yuan, with a net profit of 1.993 billion yuan, up 5.28% YoY. As of June 30, 2024, the total assets stood at 156.834 billion yuan, with equity attributable to shareholders at 69.127 billion yuan.

Zoomlion: H1 Net Profit Reaches 2.288 Billion Yuan, Up 12.15% YoY
On August 29th, Zoomlion announced its 2024 semi-annual report, showing revenue of 24.535 billion yuan, up 1.91% YoY. The net profit attributable to shareholders was 2.288 billion yuan, an increase of 12.15% YoY. However, the net profit after excluding non-recurring items decreased by 12.35% to 1.48 billion yuan, with basic earnings per share at 0.28 yuan.

Liugong: H1 Net Profit Grows 60.20% to 984 Million Yuan
Liugong released its H1 2024 report, reporting revenue of 16.06 billion yuan, a 6.81% increase YoY. Net profit attributable to shareholders grew by 60.20% YoY to 984 million yuan. Net profit excluding non-recurring items increased by 73.01% to 903 million yuan, with basic earnings per share at 0.5041 yuan.

Sunward Intelligent: H1 Net Profit Approximately 34.14 Million Yuan
On August 29th, Sunward Intelligent announced its H1 2024 results, reporting revenue of approximately 3.641 billion yuan, down 2.9% YoY. Net profit attributable to shareholders was around 34.14 million yuan, a decrease of 6.49% YoY, with basic earnings per share at 0.0318 yuan, down 5.36% YoY.

China Longgong: H1 Net Profit Rises 49.19% to 458 Million Yuan
On August 29th, China Longgong reported its mid-year results for 2024, with total revenue of 5.36 billion yuan, a 6.39% decline YoY. However, net profit rose to 458 million yuan, up 49.19% YoY. The gross profit margin increased by 2 percentage points to 18.46%.

Shantui: H1 Net Profit Increases by 38.49% to 418 Million Yuan
On August 22nd, Shantui released its H1 2024 report. The company achieved total revenue of 6.508 billion yuan, up 33.81% YoY, with a net profit of 418 million yuan, up 38.49% YoY. Net profit excluding non-recurring items grew by 55.58% to 409 million yuan.

CRCC Heavy Industry: H1 Net Profit of Approximately 723 Million Yuan
On August 30th, CRCC Heavy Industry announced its H1 2024 results, with revenue of approximately 4.803 billion yuan, down 13.67% YoY. Net profit attributable to shareholders was about 723 million yuan, a decrease of 29.48% YoY, with basic earnings per share of 0.14 yuan, down 26.32% YoY.

Xiamen Xiagong: H1 Net Profit Increases 125.79% to 5.9866 Million Yuan
Xiamen Xiagong reported that for the first half of 2024, the company achieved total revenue of 400 million yuan, up 13.86% YoY, with a net profit of 5.9866 million yuan, up 125.79% YoY. Basic earnings per share stood at 0.0034 yuan, with a net asset return rate of 0.4%.

Anhui Heli: H1 Net Profit Grows 22% YoY
On August 26th, Anhui Heli released its H1 2024 report, showing revenue of 9.009 billion yuan, a 3.32% increase YoY. Net profit attributable to shareholders was 803 million yuan, up 22.00% YoY. The gross profit margin rose by 1.96 percentage points to 21.58%. The company’s overseas revenue grew by 20.52% to 3.486 billion yuan, accounting for 38.69% of total revenue.

Noblelift: H1 Net Profit Increases by 8.25%
On August 21st, Noblelift released its H1 report, showing revenue of 3.472 billion yuan, a 3.61% increase YoY. Net profit attributable to shareholders was 240.377 million yuan, up 8.25% YoY.

Tongli Heavy Industry: H1 Net Profit of 297 Million Yuan
On August 26th, Tongli Heavy Industry reported its H1 2024 results, with revenue of 2.8119 billion yuan, a 14.91% decline YoY. Net profit attributable to shareholders was 297 million yuan, down 11.16% YoY.

China National Heavy Duty Truck Group: H1 Net Profit Up 24.68% to 619 Million Yuan
On August 22nd, China National Heavy Duty Truck Group released its H1 2024 report. The company reported revenue of 24.401 billion yuan, up 20.87% YoY, with a net profit of 619 million yuan, up 24.68% YoY. Operating cash flow surged by 220.48% to 5.043 billion yuan.

North Heavy Industries: H1 Net Profit Increases by 45.67%
On August 19th, North Heavy Industries released its H1 2024 report. The company reported revenue of 1.366 billion yuan, up 19.88% YoY. Net profit attributable to shareholders was 74.898 million yuan, up 45.67% YoY.

Hanma Technology: H1 Revenue Increases 12.74% to 1.898 Billion Yuan
Hanma Technology reported that for the first half of 2024, the company achieved total revenue of 1.898 billion yuan, up 12.74% YoY, with a net loss of 153 million yuan, a decline of 87.99% YoY. Basic earnings per share stood at -0.23 yuan.

Zhejiang Dingli: H1 Revenue Up 24.56% YoY
On August 27th, Zhejiang Dingli announced its H1 2024 report. The company achieved revenue of 3.859 billion yuan, a 24.56% increase YoY. However, net profit attributable to shareholders slightly decreased by 0.88% YoY to 824 million yuan.

Southern Road Machinery: H1 Net Profit Reaches 68.45 Million Yuan, Up 7.11% YoY
On August 29th, Southern Road Machinery announced its H1 2024 results, with revenue of approximately 598 million yuan, a 4.47% increase YoY. Net profit attributable to shareholders was about 68.45 million yuan, up 7.11% YoY, with basic earnings per share of 0.63 yuan, up 6.78% YoY.

Dagang Holdings: H1 Revenue Reaches 77.18 Million Yuan
On August 27th, Dagang Holdings reported its H1 2024 results, showing revenue of 77.18 million yuan, a 28.33% decline YoY. The net loss attributable to shareholders was 14.44 million yuan, a reduction in losses by 17.10% YoY.

Tietuo Machinery: H1 Net Profit of 36.01 Million Yuan
On August 29th, Tietuo Machinery announced its H1 2024 results. The company achieved total revenue of 257 million yuan, a 9.50% increase YoY, with a net profit of 36.01 million yuan, down 6.11% YoY. Net profit excluding non-recurring items decreased by 10.83% to 32.52 million yuan.

Helongzhe: H1 Net Profit of 51.19 Million Yuan
Helongzhe released its H1 2024 report, showing revenue of 522 million yuan, down 16.28% YoY, with a net profit of 51.19 million yuan, down 17.62% YoY.

Anhui Elevator: H1 Net Profit Declines by 39.06%
On August 18th, Anhui Elevator reported its H1 2024 results, with revenue of 562 million yuan, down 8.52% YoY. Net profit attributable to shareholders was 33.36 million yuan, a decrease of 39.06% YoY.

Changjiang Hydraulic: H1 Net Profit Decreases by 20.97%
Changjiang Hydraulic released its H1 2024 report, showing revenue of 1.342 billion yuan, down 9.72% YoY. Net profit attributable to shareholders was 218 million yuan, down 20.97% YoY.

Hunan Zhongda: H1 Net Profit of 12.21 Million Yuan
On August 25th, Hunan Zhongda announced its H1 2024 results, reporting revenue of 120 million yuan, down 32.17% YoY, with a net profit of 12.21 million yuan, down 19.92% YoY.

Tianchang Shares: H1 Revenue of 229 Million Yuan
Tianchang Shares reported its H1 2024 results, with revenue of 229 million yuan, up 18.27% YoY. The net profit attributable to shareholders was 31.43 million yuan, up 48.92% YoY.

Zhengzhou Coal Mining Machinery: H1 Net Profit Up 17.76%
On August 26th, Zhengzhou Coal Mining Machinery announced its H1 2024 report, showing revenue of 20.419 billion yuan, up 1.66% YoY. Net profit attributable to shareholders was 1.392 billion yuan, an increase of 17.76% YoY. The gross profit margin rose by 2.63 percentage points to 21.08%.

Xuzhou Crane: H1 Revenue of 11.09 Billion Yuan, Net Profit of 1.52 Billion Yuan
On August 30th, Xuzhou Crane released its H1 2024 report. The company achieved revenue of 11.09 billion yuan, up 2.73% YoY, with a net profit of 1.52 billion yuan, up 9.39% YoY.

Jiangxi Tewei: H1 Net Profit Increases by 14.38%
Jiangxi Tewei released its H1 2024 results, showing revenue of 889 million yuan, up 2.87% YoY, with a net profit of 69.76 million yuan, an increase of 14.38% YoY.

Jinhuan Shares: H1 Revenue of 1.136 Billion Yuan
Jinhuan Shares reported its H1 2024 results, showing revenue of 1.136 billion yuan, up 9.59% YoY, with a net profit of 139 million yuan, up 5.53% YoY. The net asset return rate rose by 7.83% YoY.

Shandong Heavy Industry: H1 Net Profit of 4.18 Billion Yuan
On August 30th, Shandong Heavy Industry announced its H1 2024 report, showing revenue of 124.609 billion yuan, down 10.3% YoY, with a net profit of 4.18 billion yuan, up 9.8% YoY. The gross profit margin increased by 0.5 percentage points to 19.7%.

These results show a mixed bag for the Chinese heavy machinery industry, with some companies like XCMG Machinery, Sany Heavy Industry, and Zoomlion recording solid net profit growth, while others faced declines in either revenue or profit. Overall, the sector shows resilience with a few standout performances.