Hongxin C&D (09930)'s total revenue for the first three quarters fell about 9% year on year

According to the Zhitong Finance App, Hongxin Construction and Development (09930) announced that in the third quarter of 2026, the Group's aerial work platform rental rate at the end of the season was about 85%. Due to increased supply-side pressure on domestic aerial work platforms, the market rental return declined further. Total revenue up to the first three quarters fell by about 9% year-on-year. On the other hand, overseas business revenue up to the first three quarters increased by about 39% year over year, which is somewhat slower than in the medium term. Based on the above, the Group faces industry adjustments and adheres to the strategy of steady management. In the face of complex changes in the business environment, the Group maintains prudent capital expenditure, and the additional capital expenditure is mainly invested in overseas markets.

The Group's overseas business adopted a more steady development strategy. By the end of the third quarter, the Group had 73 overseas service outlets, covering 10 countries. Overseas business revenue accounted for more than 22% of total revenue, and overseas business gross profit accounted for more than 33% of total gross profit.

Looking ahead to the whole year, the Group will continue to carefully respond to environmental changes at home and abroad, maintain a sound financial structure, and strive to achieve good benefits for shareholders.