According to Zhitong Finance App News, Shanghai Electromechanical (600835.SH) disclosed its 2026 semi-annual report. During the reporting period, the company achieved operating income of 9.465 billion yuan, a year-on-year increase of 0.28%; net profit attributable to shareholders of listed companies was 396 million yuan, a year-on-year decrease of 19.39%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 389 million yuan, a year-on-year decrease of 14.97%; and basic earnings per share were 0.39 yuan.
In the first half of 2026, the elevator industry is still facing downward pressure from demand for new elevators. Overcapacity in the elevator industry has led to more intense competition among enterprises. The number of old elevators that have been in stock in the elevator market for more than 15 years continues to increase, and the old elevator renewal market has entered a period of accelerated growth. The increase in elevator upgrades has to a certain extent hedged the impact of declining demand in the new elevator market.
Shanghai Mitsubishi Elevator, which undertakes the company's elevator business, seizes market opportunities around the business policy of “overcoming difficulties, crossing the cycle, transforming and developing, and outperforming the market”, and achieved a rapid increase in market share in important market segments such as renovation, overseas exports, household elevators, and elevator installation. Through solutions such as a “ten-year warranty” and “Ryodong Renovation”, Shanghai Mitsubishi Elevator has achieved high-quality delivery for the renewal of old buildings, and orders for renewal and renovation have continued to grow. In the first half of 2026, orders were received in Beijing, Shanghai, Shenzhen, Chengdu, Kunming, Xi'an, Liuzhou, Ningbo, Lishui, Dalian, Taicang, and Changshu. Most of these projects were equipped with a “ten-year warranty” service. The one-stop solution for the installation of old buildings has formed a certain influence in the installation market; household elevator experience stores are rapidly expanding, and products are being developed and promoted iteratively.