China Oriental Discloses Mixed First-Quarter 2026 Results at Key Power Equipment Subsidiary

China Oriental Group Co ( (HK:0581) ) has provided an update.

China Oriental Group Company Limited has disclosed the unaudited consolidated financial results of its Shanghai-listed subsidiary Qingdao Huijintong Power Equipment for the three months ended 31 March 2026, prepared under Chinese accounting standards. The move provides transparency to shareholders on the performance of a key associate in the power equipment sector, in which China Oriental holds an indirect 40.5% stake.

HJT reported total operating income of RMB 801.3 million for the quarter, down from RMB 837.4 million a year earlier, while total operating costs fell slightly to RMB 793.5 million. Despite the revenue decline, operating profit edged up to RMB 14.3 million and total profit rose to RMB 15.3 million, though net profit slipped to RMB 14.2 million, signalling stable but pressured margins for the period.

Net profit attributable to shareholders of HJT decreased to RMB 13.6 million from RMB 15.0 million, with minority interests contributing RMB 0.6 million. The detailed breakdown of costs, including sales, administrative, R&D and finance expenses, along with modest gains from other income and investment income, underscores steady operations in a challenging environment and offers investors insight into the subsidiary’s efficiency and earnings quality.

More about China Oriental Group Co

China Oriental Group Company Limited, incorporated in Bermuda and listed in Hong Kong, operates through subsidiaries including Qingdao Huijintong Power Equipment Co., Ltd. HJT is a PRC-based company listed on the Shanghai Stock Exchange, engaged in manufacturing and supplying power equipment to the Chinese market, where China Oriental indirectly holds about 40.5% of its share capital.

Average Trading Volume: 3,403,818

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.95B

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