Shandong Mining Machinery Group Co Ltd

Shandong Mining Machinery released its 2026 interim report, with net profit attributable to the parent company of 6.2818 million yuan, a decrease of 93.62% compared with the same period last year. The company's total operating revenue was 837 million yuan, a decrease of 210 million yuan from the same period last year, down 20.05% year-on-year. Net cash flow from operating activities was negative 109 million yuan, a decrease of 33.4093 million yuan from the same period last year. The company's latest asset-liability ratio was 42.26%, an increase of 3.74 percentage points from the previous quarter. The latest gross margin was 23.10%, a decrease of 2.88 percentage points from the previous quarter. The latest return on equity was 0.19%, a decrease of 2.87 percentage points from the same period last year. The company's diluted earnings per share was 0.00 yuan, a decrease of 93.66% from the same period last year.

On the afternoon of August 20, listed companies in Hong Kong and mainland China released a flurry of interim results for June 2026. AAC Technologies posted a 3 percent profit increase, CSPC Pharmaceutical Group a 139 percent increase, and Bank of East Asia a 0.4 percent increase, while Weibo saw a 56 percent profit decline, Chery Automobile a 12 percent decline, Changhong Meiling an 86 percent decline, and Shandong Mining Machinery Group a 94 percent decline. In addition, an accident at MMG's Las Bambas mine killed two people, and a first-instance verdict sentenced Evergrande's Xu Jiayin to life imprisonment and confiscation of all personal assets.