Shandong Jining Ruyi Woolen Textile Co Ltd

ST Ruyi released its 2026 interim report, with net profit attributable to the parent company at a loss of 93.9987 million yuan, narrowing the loss by 1.727 million yuan compared with the same period last year. The company's total operating revenue was 160 million yuan, up 3.37% year on year. Net cash outflow from operating activities was 194,200 yuan, an expansion of 105.18% year on year. The company's asset-liability ratio rose to 91.57%, gross margin fell to 5.85%, and ROE was -45.70%.

ST Ruyi convened the twenty-second meeting of its ninth board of directors to review proposals on board re-election. The third-largest shareholder, China Orient Asset Management, which holds a 7.24 percent stake, received no director seat nominations. Its appointed director, Dai Xinghai, cast a dissenting vote. This means the financial institution shareholder, which has held a seat on ST Ruyi's board since 2017, will lose that seat after this reshuffle. The company responded that the Orient Asset director seat was not retained because the other party is based in Qingdao and does not participate in daily operations, and stressed there is no conflict between the two sides. Historical announcements show that the director appointed by Orient Asset has repeatedly voted against or abstained on key matters such as restructuring pricing and audit report qualified opinions.