Sinoma International Engineering (600970) H2 2025 earnings summary

Executive summary

• Revenue reached RMB 49.60 billion in 2025, up 7.53% year-over-year, with net profit attributable to shareholders at RMB 2.86 billion, down 4.06% year-over-year.

• Cash dividend of RMB 4.80 per 10 shares proposed, totaling RMB 1.26 billion, with a payout ratio of 43.97%.

• International business expansion continued, with overseas contract value rising 24% and accounting for 63% of new contracts.

• The company maintained a leading global position in cement engineering and high-end equipment, with significant growth in green energy and diversified engineering.

Financial highlights

• Operating income: RMB 49.60 billion, up 7.53% year-over-year.

• Net profit attributable to shareholders: RMB 2.86 billion, down 4.06% year-over-year.

• Operating cash flow: RMB 1.78 billion, down 22.14% year-over-year.

• Gross margin: 18.25%, down 1.17 percentage points year-over-year.

• Basic EPS: RMB 1.09, down 4.39% year-over-year.

• Net assets attributable to shareholders: RMB 22.96 billion, up 8.72% year-over-year.

Outlook and guidance

• Global cement demand outside China expected to grow 4.3% in 2026, with price increases of 3.7%.

• Domestic cement demand decline expected to narrow to about 6% in 2026, with green and digital transformation driving new opportunities.

• Strategic focus on internationalization, green energy, digital intelligence, and innovation to drive future growth.