Chongqing Machinery & Electric (02722.HK): Expected H1 Net Profit to Rise by Approximately 30% Year-on-Year

NewTimeSpace News: On 11 August 2026, Chongqing Machinery & Electric (02722.HK) issued a positive profit forecast. Based on preliminary review and assessment of the unaudited consolidated management accounts, net profit attributable to shareholders for the first half-year is expected to increase by approximately 30% year-on-year.

According to the announcement, the growth is mainly attributable to the Group’s continuous improvement in lean management, improved profitability of the intelligent machine tool business, rising earnings driven by expanded scale of the wind turbine blade business, as well as increased investment income from the high-power engine business and ultra-high voltage power transmission and transformation business.

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