Shenzhen Ecobeauty Co Ltd

Lan鲸 News, August 29 — *ST Meili released its 2026 interim report, showing a decline in revenue but a significant narrowing of losses, while the company remains under restructuring and delisting risk warnings. Data shows the company achieved operating revenue of 196 million yuan, down 15.01 percent year on year. Net profit attributable to the parent company was negative 17 million yuan, narrowing the loss by 65.03 percent. Net profit after deducting non-recurring items was negative 17 million yuan, narrowing the loss by 69.19 percent. Net cash flow from operating activities was negative 35 million yuan, with the net outflow shrinking by 50.44 percent. The main business is concentrated in engineering project construction, contributing revenue of 191 million yuan, accounting for 97.55 percent of total revenue, with a gross margin of 8.35 percent, down 2.41 percentage points year on year. Revenue from South China was 159 million yuan, up 52.19 percent year on year, accounting for 81.24 percent of the total. Revenue from East China and Central China fell by more than 99 percent. The narrowing of losses was mainly due to a 45.41 percent year-on-year decrease in administrative expenses, while financial expenses increased by 40.84 percent. The company has implemented a delisting risk warning, creditors have applied for restructuring, and out-of-court reorganization is underway, leaving significant uncertainty ahead.