Shenzhen Grandland Decoration Group Co Ltd

Guangtian Group disclosed its 2026 semi-annual report. First-half operating revenue was 973 million yuan, up 80.80 percent year on year. Net loss attributable to the parent was 45.5743 million yuan, narrowing 36.39 percent from a loss of 71.6421 million yuan in the same period last year. Net loss after deducting non-recurring items was 46.1221 million yuan, narrowing 36.90 percent year on year. During the first half, the company undertook key projects including the municipal engineering construction of the new Huanggang Port joint inspection building, the decoration and finishing works for the medical school of the Chinese University of Hong Kong, Shenzhen, and the curtain wall works for the Luso International Banking building in Guangzhou. It also continued advancing research on cutting-edge technologies such as prefabricated interior finishing and AI-assisted design. First-half gross margin was 6.65 percent, up 1.10 percentage points year on year. Net cash flow from operating activities was negative 6.6387 million yuan, improving 95.32 percent year on year but still in negative territory.

Guangtian Group disclosed its earnings forecast, expecting a net loss attributable to shareholders of 38 million to 55 million yuan in the first half of 2026, compared with a loss of 71.6421 million yuan in the same period last year. The net loss after deducting non-recurring items is also expected to be 38 million to 55 million yuan, compared with a loss of 73.0983 million yuan a year earlier. The company stated that business scale continues to recover, cost control is constantly optimized, and the operating trend is steadily improving, resulting in a narrower operating loss compared with the same period last year.