China Oriental Discloses Mixed First-Quarter 2026 Results at Key Power Equipment Subsidiary
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China Oriental Group Co. has released mixed financial results for its subsidiary, Qingdao Huijintong Power Equipment, for Q1 2026. Total operating income decreased to RMB 801.3 million from RMB 837.4 million year-on-year, while operating profit rose slightly to RMB 14.3 million. Net profit fell to RMB 14.2 million, with net profit attributable to shareholders at RMB 13.6 million. The results reflect stable operations amid challenging market conditions, providing insights into the subsidiary's efficiency and earnings quality.
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