Beijing Creative Distribution Automation Co Ltd

Beijing Creative Distribution Automation released its 2026 interim report. Total operating revenue was 1.13 billion yuan, and net profit attributable to the parent company was negative 20.8245 million yuan, swinging from profit to loss and down 37.8159 million yuan from the same period last year, a year-on-year decline of 222.56 percent. Net cash flow from operating activities was negative 88.9508 million yuan, down 47.3943 million yuan from the same period last year. The company's latest asset-liability ratio was 39.12 percent, gross margin was 18.58 percent, down 3.01 percentage points from the same period last year, and return on equity was negative 1.16 percent, down 2.20 percentage points from the same period last year. Diluted earnings per share were negative 0.04 yuan, down 0.07 yuan from the same period last year, a year-on-year decline of 223.64 percent. The company had 30,100 shareholders, and the top ten shareholders held 269 million shares, accounting for 49.62 percent of total share capital.

Beijing Creative Distribution Automation disclosed its earnings forecast, expecting a net loss attributable to the parent company of 15 million to 25 million yuan in the first half of 2026, compared with a profit of 16.9914 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 18 million to 28 million yuan, compared with a profit of 15.3547 million yuan in the same period last year. The company stated that the change in performance was mainly due to a year-on-year decline in overall gross margin, an increase in period expenses caused by the amortization of 34.3238 million yuan for the second phase of the employee stock ownership plan, and a year-on-year increase in asset impairment provisions.