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Sangang Minguang posts net loss of 192 million yuan in 2026 interim report, swinging from profit to loss year-on-year
Sangang Minguang released its 2026 interim report, with net profit attributable to the parent company at negative 192 million yuan, a decrease of 329 million yuan from the same period last year, down 239.17 percent year-on-year, swinging from profit to loss. The company's total operating revenue was 22.976 billion yuan, up 4.15 percent year-on-year. Net cash flow from operating activities was negative 1.376 billion yuan, an increase of 355 million yuan from the same period last year. The company's latest asset-liability ratio was 62.47 percent, gross margin was 4.42 percent, return on equity was negative 1.00 percent, and diluted earnings per share was negative 0.08 yuan.