Dalian Huarui Heavy Industry Group Co Ltd

Dalian Heavy Industry announced on October 8 that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 559 million yuan and 1.584 billion yuan, an increase of 14.14% to 19.24% year on year. The company said the change in performance was mainly due to operating revenue rising about 3% year on year from January to September 2026, with material handling equipment revenue growing significantly and gross profit increasing year on year, driving overall profit growth.

On October 8, several more A-share companies disclosed earnings forecasts for the first three quarters of 2026. Dongyue Silicone Materials expects attributable net profit of 547 million to 567 million yuan, up 19,050 percent to 19,750 percent year on year, the highest growth among this batch of companies. Guanghui Energy expects attributable net profit of 2.70 billion to 2.80 billion yuan, up 166.83 percent to 176.71 percent year on year. Xingyun Technology expects attributable net profit of 240 million to 290 million yuan, turning from a loss to a profit year on year, mainly benefiting from strong demand for AI computing infrastructure and explosive growth in server sales. Yangjie Technology expects attributable net profit of 1.168 billion to 1.363 billion yuan, up 20 percent to 40 percent year on year, with revenue from its automotive and silicon carbide businesses each growing more than 100 percent year on year. Amlogic expects attributable net profit of 1.260 billion to 1.310 billion yuan, up 80.58 percent to 87.74 percent year on year. In addition, Benchuan Intelligent forecasts growth of 190.24 percent to 335.36 percent, Yonghe Shares forecasts growth of 61.96 percent to 83.27 percent, Dinglong shares forecasts growth of 61.72 percent to 65.57 percent, Dalian Heavy Industry forecasts growth of 14.14 percent to 19.24 percent, and Miaoke Lando's earnings flash report shows total operating revenue of 4.866 billion yuan and attributable net profit of 212 million yuan, up 20.37 percent year on year.

Dalian Heavy Industry announced on September 28 that the company plans to use its own and self-raised funds to invest no more than 553 million yuan in the construction of Phase II of the large marine crankshaft capacity expansion project for grade 80 and above. The project mainly includes plant construction and equipment procurement, with a construction period of about three years, and will be used by its wholly-owned subsidiary Dalian Huarui Marine Crankshaft Company Limited. In addition, the board of directors approved the company's second batch of digital and intelligent transformation project plans for 2026, with a proposed investment of no more than 49.8 million yuan to implement the first phase of an enterprise-level intelligent application scenario construction project.

Dalian Heavy Industry released its 2026 interim report, with net profit attributable to the parent company of 371 million yuan, an increase of 58.5531 million yuan compared with the same period last year, up 18.76% year-on-year, achieving five consecutive years of growth. The company's total operating revenue was 8.021 billion yuan, an increase of 569 million yuan compared with the same period last year, up 7.63% year-on-year, also achieving five consecutive years of growth. Net cash inflow from operating activities was 723 million yuan, an increase of 682 million yuan compared with the same period last year, up 1,652.54% year-on-year. The company's latest asset-liability ratio was 71.11%, a decrease of 0.71 percentage points compared with the same period last year; the latest gross margin was 17.87%, an increase of 0.87 percentage points compared with the previous quarter; the latest return on equity was 4.62%, an increase of 0.49 percentage points compared with the same period last year. Diluted earnings per share were 0.19 yuan, an increase of 0.03 yuan compared with the same period last year, up 18.74% year-on-year.

The international arbitration debt restructuring between Dalian Heavy Industry's wholly-owned subsidiary Huarui International and Australia's DFA Company has been fully completed. On August 10, 2026, Huarui International received the final remaining payment of AUD 6,087,544.95 under DFA's restructuring plan, equivalent to approximately RMB 28.98 million. Preliminary estimates by the finance department indicate this will increase current total profit by approximately RMB 21.66 million. The company had previously made a full bad debt provision of approximately RMB 101 million for the remaining unrecovered amount. Upon receipt of this final payment, the provision will be fully written off, and the arbitration enforcement and debt restructuring distribution have been fully concluded.

Dalian Huarui Heavy Industry Group's wholly-owned subsidiary, Dalian Huarui Heavy Industry Foundry, has completed the industrial and commercial registration change for its capital increase, raising its registered capital from 1.45 billion yuan to 1.6 billion yuan. The company held a board meeting on February 12, 2026, and approved the use of 150 million yuan of its own funds to increase capital in the foundry, which remains a wholly-owned subsidiary after the increase. The foundry was established on April 23, 2008, with its registered address in the Wafangdian West Suburb Industrial Park in Liaoning Province, and its business scope includes the processing and manufacturing of cast steel, cast iron, and cast copper parts.

Dalian Heavy Industry has released its 2026 half-year performance forecast, estimating net profit attributable to shareholders of the listed company for the first half at 351 million to 385 million yuan, an increase of 12.47% to 23.36% compared with the same period last year. The company expects first-half operating revenue of around 8 billion yuan, up about 7.6% year-on-year. Gross profit growth in material handling equipment and new energy equipment drove the overall profit increase.