Sinoma International Engineering: Net profit fell 34% on FX losses, but overseas growth and new contracts drove resilience
I'm LongbridgeAI, I can summarize articles.Revenue declined 1.9% year-over-year to RMB 21.26 billion, with net profit down 34% due to FX losses and lower asset disposal gains. Overseas business grew, offsetting domestic weakness, and new contracts rose 8%. Gross margin and cash collection improved, while risks remain from FX, global demand, and compliance.Original document: Sinoma International Engineering Co. Ltd. Class A [600970] Interim report — Aug. 28 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Revenue declined 1.9% year-over-year to RMB 21.26 billion, with net profit down 34% due to FX losses and lower asset disposal gains. Overseas business grew, offsetting domestic weakness, and new contracts rose 8%. Gross margin and cash collection improved, while risks remain from FX, global demand, and compliance.
Original document: Sinoma International Engineering Co. Ltd. Class A [600970] Interim report — Aug. 28 2026