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Sichuan Kexin Mechanic Electric

Sichuan Kexin Mechanical and Electrical Equipment Co., Ltd. designs, develops, and manufactures heavy-duty process equipment and provides system integration in China and internationally. Its products include lifting equipment, material cutting and forming equipment, metal machining, welding and auxiliary equipment, NDT equipment and chemical laboratory, heat and surface treatment equipment, urea HP core equipment, heavy-duty pressure vessels, heat exchangers, furnaces, columns, nuclear equipment, vessels, and skidding equipment. The company also supplies oil drilling equipment, oil production machinery and equipment, oilfield environmental protection equipment, and related services, as well as technical consulting and engineering project contracting services. Founded in 1997, it is based in Shifang, China.

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China
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Kexin Mechanical & Electrical Receives 23.84% Stake in Kedefu for Free, Raising Holding to 62.25% and Gaining Control

Kexin Mechanical & Electrical announced on September 29 that it signed an equity transfer agreement with Kelifu, a shareholder of its associate Kedefu. Because Kelifu failed to meet the 2022 to 2024 performance targets, triggering equity compensation clauses, Kelifu transferred its 23.84% stake in Kedefu to the company at zero cost. After the transfer, the company's holding in Kedefu will rise from 38.41% to 62.25%, making it the controlling shareholder, and Kedefu will be consolidated into the company's financial statements. The transaction requires no cash payment and will not adversely affect the company's cash flow.
300092.CS · Capital · Positive Kexin acquires a 23.84% stake in Kedefu at zero cost, raising its holding to 62.25% and gaining control with no cash outlay.
Kelifu · Capital · Negative Kelifu forfeits its 23.84% Kedefu stake for free after missing 2022-2024 performance targets and triggering equity compensation clauses.
Kedefu Co., Ltd. · Capital · Neutral Kedefu's ownership shifts as Kexin becomes controlling shareholder and consolidates it, with no operational or financial detail on Kedefu itself.
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Kexin Mechanical & Electrical's 2026 interim net profit was 41.42 million yuan, down 20.64% year-on-year

Kexin Mechanical & Electrical released its 2026 interim report, with net profit attributable to the parent company of 41.42 million yuan, a decrease of 20.64% compared with the same period last year. The company's total operating revenue was 512 million yuan, down 13.41% year-on-year; net cash inflow from operating activities was 47.74 million yuan. The latest asset-liability ratio was 28.28%, gross margin was 23.79%, ROE was 2.51%, and diluted earnings per share was 0.15 yuan.
300092.CS · Capital · Negative Interim net profit fell 20.64% year-on-year, with revenue down 13.41%.
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Kexin Mechanical and Electrical's net profit for the first half of 2026 fell 20.64% year on year

Kexin Mechanical and Electrical disclosed its 2026 semi-annual report. In the first half of the year, total operating revenue was 512 million yuan, down 13.41% year on year. Net profit attributable to the parent company was 41.42 million yuan, down 20.64% year on year. Net profit after deducting non-recurring items was 37.54 million yuan, down 22.39% year on year. Net cash flow from operating activities was 47.74 million yuan, compared with negative 19.50 million yuan in the same period last year. During the reporting period, basic earnings per share was 0.1512 yuan, and the weighted average return on net assets was 2.51%, down 0.68 percentage points year on year. The company is mainly engaged in the design, research and development, and manufacturing of high-end heavy-duty process equipment and system integration in fields such as nuclear power and military industry, new energy, new materials, natural gas chemicals, petroleum refining, and coal chemicals.
300092.CS · Capital · Negative Net profit fell 20.64% year on year in H1 2026, with revenue down 13.41%.
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