Shijiazhuang Changshan Textile Co Ltd

Changshan Beiming released its 2026 interim report. Total operating revenue was 3.697 billion yuan, down 0.65% year on year, while net profit attributable to the parent company was a loss of 113 million yuan, with the loss widening from a year earlier. Net cash flow from operating activities was a negative 1.337 billion yuan, a year-on-year decrease of 549 million yuan. The company's asset-liability ratio was 67.21%, gross margin was 10.73%, return on equity was negative 2.16%, and diluted earnings per share was negative 0.07 yuan. Both total asset turnover and inventory turnover rose for the second consecutive year.

Changshan Beiming announced that it expects an attributable net loss of 95 million to 115 million yuan in the first half of 2026, compared with a loss of 92.99 million yuan in the same period last year. The company said that the value of contracts signed during the reporting period increased by 14.08 percent year on year, but the software business has obvious seasonal characteristics, with projects concentrated in the second half for delivery and acceptance, while expenses are incurred evenly across quarters, leading to the loss. In addition, the impact of non-recurring gains and losses on net profit in the first half is expected to be about 9 million yuan, compared with 33.41 million yuan in the same period last year, and the year-on-year decrease also affected net profit.