Hunan Zhenghong Science and Technology Develop Co Ltd

Zhenghong Technology disclosed its semi-annual report for 2026 on August 26. In the first half of the year, it achieved total operating revenue of 569 million yuan, up 14.19 percent year on year, but net profit attributable to the parent company showed a loss of 20.6984 million yuan, compared with a loss of 7.996 million yuan in the same period last year, widening the loss. Net profit after deducting non-recurring items was a loss of 21.6747 million yuan, compared with a loss of 7.6632 million yuan a year earlier. Net cash flow from operating activities was negative 62.6229 million yuan, compared with negative 18.4443 million yuan in the prior-year period. Basic earnings per share were negative 0.0597 yuan, and the weighted average return on equity was negative 6.17 percent. The company's main businesses are feed products, pig farming, and sales of feed raw materials.

Zhenghong Technology released its 2026 interim report. During the reporting period, net profit attributable to the parent company was negative 20.6984 million yuan, a loss expansion of 12.7024 million yuan compared with the same period last year. The company's total operating revenue was 569 million yuan, up 14.19 percent year on year, marking a second consecutive year of growth. Net cash flow from operating activities was negative 62.6229 million yuan, a year-on-year decrease of 44.1787 million yuan. The asset-liability ratio rose to 54.21 percent, gross margin fell to 5.26 percent, and return on equity was negative 6.37 percent. Diluted earnings per share were negative 0.06 yuan, and total asset turnover improved to 1.00 times.

Zhenghong Technology released its June hog sales briefing, with monthly sales revenue of 7.5742 million yuan, down 81.68% year-on-year. The company sold 10,200 hogs in June, up 15.25% month-on-month but down 61.56% year-on-year; sales revenue rose 0.21% month-on-month. In the first half of this year, the company sold a total of 53,200 hogs, down 15.61% year-on-year; cumulative sales revenue was 50.1321 million yuan, down 39.93% year-on-year. The significant year-on-year declines in hog sales prices and revenue were mainly due to fluctuations in the hog market.