Aoyuan Beauty Valley Technology Co Ltd

ST Meigu released its 2026 interim report, with net profit attributable to the parent company at negative 224 million yuan, a loss widening of 140 million yuan compared with the same period last year. The company's total operating revenue was 286 million yuan, down 40.70% year-on-year; net cash inflow from operating activities was 7.4051 million yuan, down 46.43% year-on-year. The company's latest asset-liability ratio was 25.57%, gross margin was 47.14%, ROE was negative 13.59%, and diluted earnings per share was negative 0.13 yuan.

The Shenzhen Stock Exchange issued a regulatory letter to ST Meigu, pointing out that the company failed to fulfill its information disclosure obligations in a timely manner after its subsidiary Aomei Industrial Investment signed a debt disposal contract with related party Cinda Asset Management Guangdong Branch. The contract involved a total debt of 399 million yuan. After the subsidiary paid 393 million yuan as agreed, it received a debt waiver of 5.4334 million yuan. The waived amount accounted for 3.93 percent of the absolute value of the company's audited net assets for 2024, constituting a related-party transaction. The company delayed external disclosure until April 24, 2026, while the contract was signed on March 17, 2026, resulting in a violation of information disclosure timeliness. In the first quarter of 2026, ST Meigu achieved revenue of 148 million yuan, with a net loss attributable to the parent company of 216 million yuan.