Zhuhai Zhongfu Enterprise Co Ltd

Zhuhai Zhongfu has released its 2026 interim report, showing a net loss attributable to the parent company of 27.56 million yuan. Total operating revenue was 466 million yuan, down 14.42 percent from the same period last year, a decrease of 78.48 million yuan. Net cash inflow from operating activities was 22.16 million yuan. The latest asset-liability ratio was 101.48 percent, up 6.73 percentage points from a year earlier. The company's latest gross margin was 18.20 percent, and its latest return on equity was negative 40.39 percent, down 20.40 percentage points year on year. Diluted earnings per share were negative 0.02 yuan.

Zhuhai Zhongfu announced that from July 22, 2025 to July 21, 2026, the company and its subsidiaries have accumulated new litigation and arbitration matters totaling approximately 18 million yuan, accounting for 16.33% of the company's most recent audited net assets. Among these, there are 6 new cases where the company is the plaintiff, involving an amount of about 8.37 million yuan, and 5 new cases where the company is the defendant, involving an amount of about 9.63 million yuan. The company has suffered losses for four consecutive years, with net profits from 2022 to 2025 being negative 186 million yuan, negative 70.26 million yuan, negative 123 million yuan, and negative 115 million yuan, respectively. In 2025, total operating revenue was 987 million yuan, down 1.96% year-on-year, and the net loss attributable to the parent company was 115 million yuan. In the first quarter of 2026, total operating revenue was 219 million yuan, down 7.89% year-on-year, and the net loss attributable to the parent company was 5.39 million yuan. The company expects a net loss attributable to the parent company of 25 million to 45 million yuan for the first half of 2026. As of the close on July 21, Zhuhai Zhongfu's stock price has fallen more than 41% this year.