Zhongfu Straits Pingtan Development Co Ltd

Pingtan Development disclosed its 2026 semi-annual report on August 27. In the first half of the year, it achieved total operating revenue of 482 million yuan, down 35.13 percent year on year. Net profit attributable to the parent company was a loss of 69.4698 million yuan, compared with a profit of 15.0856 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 152 million yuan, compared with a profit of 12.967 million yuan a year earlier. Net cash flow from operating activities was 36.0178 million yuan, down 57.02 percent year on year. During the reporting period, the company's basic earnings per share was negative 0.0367 yuan, and the weighted average return on net assets was negative 3.99 percent. The company's main businesses are afforestation and forest management, processing and sales of forest products, trading, and businesses related to the opening up and development of the Pingtan Comprehensive Experimental Zone.