Beijing Hualian Department Store Co Ltd

Hualian Co., Ltd. released its 2026 interim report, showing total operating revenue of 554 million yuan, down 11.12% year-on-year, and net profit attributable to the parent company of negative 254 million yuan, a decrease of 231 million yuan compared with the same period last year, with the loss widening. Net cash inflow from operating activities was 171 million yuan, down 30.43% year-on-year. The company's asset-liability ratio was 48.35%, gross margin was 46.39%, return on equity was negative 4.02%, and diluted earnings per share was negative 0.09 yuan. The number of shareholders was 109,500, and the top ten shareholders held 31.79% of total share capital.

Hualian Shares disclosed its semi-annual report on August 26. In the first half of 2026, the company achieved operating revenue of 554 million yuan, down 11.12 percent year on year. Net profit attributable to shareholders of the listed company was negative 254 million yuan, compared with a loss of 22.81 million yuan in the same period last year. During the reporting period, total domestic box office revenue fell sharply, and operating revenue from cinema management declined. As of June 30, 2026, the company had 13 cinemas with 87 screens, including 7 cinemas in Beijing.

Hualian Co. announced that its controlling shareholder, Hualian Group, has pledged 200 million shares, representing 25.92% of its holdings and 7.31% of the company's total share capital. As of the announcement date, Hualian Group has cumulatively pledged 500 million shares, accounting for 64.80% of its holdings and 18.27% of the company's total share capital. In the first quarter of 2026, Hualian Co. reported revenue of 279 million yuan and a net loss attributable to the parent company of 37.49 million yuan.

Hualian Co. announced that its affiliate Hualian Finance Co., Ltd. plans to apply for dissolution with the National Financial Regulatory Administration. Hualian Finance is a non-bank financial institution approved by the former China Banking Regulatory Commission. It is initiating dissolution procedures due to difficulties in meeting the group's strategic development needs and rising operating costs. Both Hualian Finance and Hualian Co. are controlled by Beijing Hualian Group Investment Holding Co., Ltd., making this a related-party transaction. The company stated that the dissolution of Hualian Finance will not have a material adverse impact on its overall business development or financial condition. In the first quarter of 2026, Hualian Co. reported revenue of 279 million yuan and a net loss attributable to the parent company of 37.49 million yuan.