ZCZL Industrial Technology Group Company Limited reported interim results for the six months ended 30 June 2026.

Revenue reached 18.77 billion RMB, down 6.05 % year-on-year, as softer demand for coal-mining equipment offset growth in auto-parts and industrial-intelligence units.

Net profit attributable to shareholders fell 36.17 % to 1.61 billion RMB; profit before tax came in at 1.95 billion RMB. Gross profit declined to 3.65 billion RMB, with the consolidated margin narrowing to 19.45 % from 23.29 % a year earlier.

Segment performance: • Coal-mining machinery revenue dropped 20.72 %, reflecting lower customer investment and intensified price competition. • Auto-parts revenue rose to 10.54 billion RMB, supported by new-energy and intelligent-chassis components; SEG Automotive’s first-half net profit surged 176 %. • Industrial-intelligence revenue increased to 1.57 billion RMB; new products and services contributed a 112 % jump in sales of emerging offerings.

Operating cash flow improved to 1.98 billion RMB from 1.45 billion RMB, while free cash outflow for investing shrank to 74.53 million RMB. Borrowings stood at 6.65 billion RMB; the gearing ratio was essentially stable at 95.89 %. Cash and cash equivalents totalled 3.59 billion RMB.

No interim dividend was declared.

Capital moves: • The Shanghai Stock Exchange accepted ZCZL’s application to issue up to 4.14 billion RMB in A-share convertible bonds, now under review. • Shareholders approved an on-market A-share buy-back; execution will follow the authorised parameters.

Management reiterated its focus on digital transformation, overseas expansion and intelligent-manufacturing growth to counter a volatile macro environment in the second half.