Huasi Agricultural Development Co Ltd

Huasi Holdings released its 2026 interim report, with net profit attributable to the parent company at negative 7.19 million yuan. The company's total operating revenue was 184 million yuan, and net cash flow from operating activities was negative 102 million yuan, a decrease of 90.94 million yuan compared with the same period last year. The latest asset-liability ratio was 17.88 percent, up 4.23 percentage points from the previous quarter. Gross margin was 32.29 percent, return on equity was negative 0.58 percent, and diluted earnings per share was negative 0.02 yuan. The company had 24,800 shareholders, and the top ten shareholders held 37.88 percent of total share capital.

Huasi Holdings disclosed its earnings forecast, expecting a net loss attributable to the parent company of 5.5 million to 8 million yuan for the first half of 2026, compared with a loss of 9.2704 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 6 million to 9 million yuan, compared with a loss of 10.1535 million yuan a year earlier. The company attributed the loss mainly to seasonal effects, increased selling expenses from market expansion in Xinjiang, and negative investment income due to the reopening of Copenhagen Fur. Based on the closing price on July 14, Huasi Holdings' price-to-earnings ratio is approximately 70.92 to 79.05 times, its price-to-book ratio is about 1.37 times, and its price-to-sales ratio is about 3.37 times.