According to a research report released by CITIC Construction Investment, 26H1's cumulative net profit for all A increased 18.6% year on year, cumulative revenue increased 7.1% year on year, and the scissor gap widened to 11.5 pct, indicating that this round of restoration was driven by price and profit margin. The “expansion” and “differentiation” of the industry boom went hand in hand. The positive profit growth rate of the secondary sector rose to 56%, but both sides of high growth and deep negative growth thickened at the same time. K-type differentiation intensified, and the boom was concentrated on the three main lines of AI technology, resource price increases, and finance. The ROE recovery to 6.87% was dominated by net sales interest rates, and the turnover ratio has not improved; capital expenditure increased slightly year-on-year, and supply contraction under the “anti-internal volume” constraint is an important guarantee for sustainable profits in the price increase chain; overseas profit increased significantly, and overseas gross margin increased to 19.6%. In terms of industry allocation, electronics, non-ferrous metals, non-bank finance, communications, coal, basic chemicals, etc. have formed volume and price resonance, supply and demand improvements, and pharmaceuticals have both the potential to upgrade and the advantage of going overseas; the current performance of automobiles, home appliances, and construction machinery is weak, but the optimization of the supply and demand pattern and overseas sales volume form clues on the left.

According to a research report released by CITIC Construction Investment, 26H1's cumulative net profit for all A increased 18.6% year on year, cumulative revenue increased 7.1% year on year, and the scissor gap widened to 11.5 pct, indicating that this round of restoration was driven by price and profit margin. The “expansion” and “differentiation” of the industry boom went hand in hand. The positive profit growth rate of the secondary sector rose to 56%, but both sides of high growth and deep negative growth thickened at the same time. K-type differentiation intensified, and the boom was concentrated on the three main lines of AI technology, resource price increases, and finance. The ROE recovery to 6.87% was dominated by net sales interest rates, and the turnover ratio has not improved; capital expenditure increased slightly year-on-year, and supply contraction under the “anti-internal volume” constraint is an important guarantee for sustainable profits in the price increase chain; overseas profit increased significantly, and overseas gross margin increased to 19.6%. In terms of industry allocation, electronics, non-ferrous metals, non-bank finance, communications, coal, basic chemicals, etc. have formed volume and price resonance, supply and demand improvements, and pharmaceuticals have both the potential to upgrade and the advantage of going overseas; the current performance of automobiles, home appliances, and construction machinery is weak, but the optimization of the supply and demand pattern and overseas sales volume form clues on the left.