In the first half of 2023, the domestic economy showed a trend of stabilization and recovery, market expectations accelerated the improvement, and growth momentum continued to strengthen. In the context of the slowdown in the overall market growth of construction machinery, there are still many listed companies in the first half of the performance continued to increase.

Recently, Wantong Hydraulic, Tongli shares, Nori shares, North shares, five new tunnel assembly, Hangfork Group, Zhejiang Dingli, Anhui Heli and other listed companies in the field of construction machinery issued semi-annual reports in 2023.

Among them, Tongli shares, Nori shares, Hangfork Group, Zhejiang Dingli, Anhui Heli enterprises attributable to listed company shareholders of net profit of more than 100 million yuan. Overseas construction machinery market as a whole is in a recovery cycle, the market space is large, the overall construction machinery industry profit margin will continue to rise.

Not only that, under the strong advocacy of the state, a large number of infrastructure construction projects have been built in countries along the “Belt and Road”. Related industries “going out” will also bring major opportunities for the development of construction machinery enterprises.

Tongli Shares

The net profit returned to the mother was 334 million yuan

On the evening of August 23, the semi-annual report of 2023 released by Tongli Shares (834599) showed that in the first half of this year, the company achieved operating income of 3.305 billion yuan, an increase of 30.56%; Net profit attributable to shareholders of listed companies was RMB334 million, an increase of 50.5% over the same period last year. The good performance in the first half of the year, as well as the state’s forward-looking planning for the construction machinery industry, also makes the company full of confidence in the operating performance and future development of the whole year.

Nori Corporation

The net profit returned to the mother was 222 million yuan

Under the trend of electrification of industrial vehicles, the performance of Nori Shares (603611) in the first half of the year continued to increase. On the evening of August 22, Nori issued a semi-annual performance report saying that the revenue in the first half of 2023 was 3.351 billion yuan, an increase of 6.73% over the same period last year; Net profit attributable to the mother and withholding non-net profit were 222 million yuan and 191 million yuan, respectively, an increase of 12.71% and 1.22%. Nori said sales in overseas markets accounted for about 60% of its revenue in the first half.

North Shares

Net profit returned to mother 51.416,900 yuan

On August 22, A-share listed company North Shares (600262) released the semi-annual performance report for 2023. During the reporting period, the company achieved operating income of 1.140 billion yuan, an increase of 0.46%. Net profit attributable to shareholders of listed companies was 51,416,900 yuan, an increase of 7.19%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 45.4211 million yuan, an increase of 12.68%.

Five new tunnels

Net profit returned to mother 72.1748 million yuan

On the evening of August 21, Wuxin Tunnel (835174) disclosed its semi-annual report, and in the first half of 2023, the company achieved a total revenue of 435 million yuan, an increase of 46.81%; Net profit returned to the mother was 72.1748 million yuan, an increase of 62.17%; Withholding non-net profit of 67.5682 million yuan, an increase of 61.40%.

Wuxin tunnel installation company is mainly engaged in the research, production and marketing of intelligent equipment for tunnel construction and mining. During the reporting period, Wuxin Tunneling Company focused on the main business, continued innovation, and constantly optimized products and services, and significantly increased sales, driving substantial growth in performance.

Hangfork Group

The net profit returned to the mother was about 782 million yuan

On the evening of August 17, Hangfork Group (603298) released its semi-annual report, the company achieved revenue of 8.222 billion yuan in the first half of this year, an increase of 9.27%; Net profit attributable to the parent was approximately 782 million yuan, an increase of 71.53% year-on-year. Benefiting from the significant growth of overseas revenue and the continuous improvement of the electrification rate of the superimposed industry, Hangfork Group achieved double growth in the first half of the year. It is reported that the company’s forklift sales volume of 130,000 units, economic indicators hit a record high.

For the performance growth, Hangfork Group said that in the first half of the year, the company focused on the technological innovation development direction of “intelligent, green and service-oriented”, took the market as the orientation to continuously optimize the business and product structure, actively carried out domestic and international marketing, and implemented the “new energy strategy”.