Zhejiang Reclaim Construction Group Co Ltd

Weihai Shares announced on September 10 that its consortium with China Southwest Geotechnical Investigation & Design Institute, which previously won the third bid section of the smart agriculture project general contracting in Luoping County, Qujing City, Yunnan Province, recently signed a supplementary agreement with the project owner Zhongliantou Qujing Smart Agriculture Development due to adjustments in actual land use indicators caused by government land transfer issues. Under the supplementary agreement, the signed contract price is adjusted from 653.9 million yuan to 300 million yuan. The project covers about 150 mu of land with a building area of approximately 78,000 square meters, mainly including planting sheds, refrigeration rooms, material yards, boiler rooms, maintenance rooms, cultivation rooms, and fire water ponds. The construction period remains 360 calendar days, with progress payments made monthly. The company stated that this adjustment is due to the overall coordination of transferred land indicators and project optimization, and does not constitute a breach by either party. The supplementary contract amount accounts for about 14.34% of the company's audited total operating revenue for 2025, and the contract performance will have a positive impact on future operating results.

ST Weihai released its 2026 interim report, with net profit attributable to the parent company of 7.44 million yuan, a decrease of 10.60% compared with the same period last year. The company's total operating revenue was 612 million yuan, a decrease of 218 million yuan from the same period last year, down 26.26% year-on-year. Net cash flow from operating activities was negative 156 million yuan, an increase of 165 million yuan compared with the same period last year. The company's latest asset-liability ratio was 48.51%, up 3.25 percentage points from the previous quarter and down 7.75 percentage points from the same period last year. The latest gross margin was 11.68%, down 0.38 percentage points from the previous quarter and up 0.40 percentage points from the same period last year, achieving three consecutive years of growth. The latest return on equity was 0.23%, down 0.05 percentage points from the same period last year. Diluted earnings per share were 0.01 yuan, down 10.96% from the same period last year. The latest total asset turnover was 0.10 times, down 15.63% from the same period last year. The latest inventory turnover was 52.39 times, up 593.25% from the same period last year. The company had 9,935 shareholders, and the top ten shareholders held 592 million shares, accounting for 51.72% of the total share capital.