Shandong Haihua Co Ltd

Shandong Haihua released its 2026 interim report, with net profit attributable to the parent company at negative 281 million yuan, a loss expansion of 23.58 million yuan compared with the same period last year. The company's total operating revenue was 2.128 billion yuan, down 0.44 percent year on year; net cash flow from operating activities was negative 1.007 billion yuan, down 390.84 percent year on year. The latest asset-liability ratio was 59.99 percent, up 18.87 percentage points from the same period last year; gross margin was 11.39 percent, and return on equity was negative 7.89 percent. Diluted earnings per share was negative 0.31 yuan, total asset turnover was 0.24 times, and inventory turnover was 7.09 times. The company had 57,100 shareholders, and the top ten shareholders held 415 million shares, accounting for 46.33 percent of total share capital.

Shandong Haihua disclosed its 2026 semi-annual report. In the first half, it achieved total operating revenue of 2.128 billion yuan, down 0.44 percent year on year. Net loss attributable to the parent company was 281 million yuan, compared with a loss of 258 million yuan in the same period last year. Net loss after deducting non-recurring items was 307 million yuan, compared with a loss of 284 million yuan a year earlier. Net cash flow from operating activities was negative 1.007 billion yuan, compared with positive 346 million yuan in the same period last year. Basic earnings per share were negative 0.31 yuan, and the weighted average return on net assets was negative 7.63 percent.

Shandong Haihua disclosed its earnings forecast, expecting a net loss attributable to the parent company of 240 million to 320 million yuan in the first half of 2026, compared with a loss of 258 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 265 million to 345 million yuan, compared with a loss of 284 million yuan a year earlier. Basic loss per share is expected to be 0.27 to 0.36 yuan. The company stated that during the reporting period, downstream demand in the industry was insufficient, and the sales price of its main product, soda ash, remained at a low level. Shandong Haihua is rooted in the salt chemical industry, mainly producing and selling products such as soda ash, caustic soda, bromine, calcium chloride, and baking soda.