Huasu Holdings Co Ltd

Huasu Holdings released its 2026 interim report. During the reporting period, the company's total operating revenue was 361 million yuan, down 12.20% year-on-year. Net profit attributable to the parent company was negative 17.66 million yuan, a decrease of 14.95 million yuan compared with the same period last year, with the loss widening year-on-year. Net cash flow from operating activities was negative 21.93 million yuan, a year-on-year decrease of 66.65 million yuan. The company's asset-liability ratio rose to 81.54%, gross margin was 5.47%, return on equity was negative 16.70%, and diluted earnings per share was negative 0.02 yuan. The number of shareholders was 47,400, and the top ten shareholders held 48.10% of the total share capital.

Huasu Holdings has sued four defendants for colluding and maliciously suppressing prices, seeking 24.7 million yuan in compensation. On August 13, Huasu Holdings announced that the Shunqing District People's Court of Nanchong has accepted the company's tort liability dispute against Nanchong Glory Enterprise Management, Nanchong Boxing Trading, Sichuan Haocheng Enterprise Liquidation Firm, and Sichuan Yonghe Tonglida Asset Appraisal. The company believes the defendants colluded during the restructuring process to maliciously lower the transaction price of the debtor's physical assets, harming creditors' interests. It requests that the first three defendants jointly compensate 24.7 million yuan for lost creditor repayment benefits, that the fourth defendant bear joint liability within a range of 19.31 million yuan, and that they compensate for capital occupation losses. The case has not yet been heard, and the outcome remains uncertain.

Huasu Holdings disclosed an earnings forecast, expecting a net loss attributable to the parent of 12 million to 18 million yuan in the first half of 2026, compared with a loss of 2.7091 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 14 million to 21 million yuan, compared with a loss of 4.7274 million yuan in the same period last year. The company said the main reason for the loss is that the electronic display business was hit by multiple external international factors, with a weakening operating environment and intensified competition leading to a decline in product gross margins, while exchange losses increased year-on-year during the period.