Chongqing Machinery and Electric (02722.HK) issues a profit alert, expecting a year-on-year increase of approximately 30% in net profit attributable to shareholders for the first half of the year.

Zhizhong Finance APP reported that Chongqing Machinery & Electric (02722.HK) announced that the group expects a net profit attributable to shareholders for the six months ending June 30, 2026, to increase by approximately 30% compared to the same period in 2025. This growth is primarily due to the group's (i) continued enhancement of lean management levels, profit improvement in the intelligent machine tool business, and growth in the scale of the wind power blade business contributing to increased profits, and (ii) increased investment returns from the high-power engine business and ultra-high voltage transmission and transformation business.