Simei Media Co Ltd

Simei Media released its 2026 interim report. Total operating revenue was 4.271 billion yuan, up 20.06% year-on-year. Net profit attributable to the parent company was 1.0193 million yuan, an increase of 12.4217 million yuan compared with the same period last year, turning losses into gains. Net cash flow from operating activities was negative 60.3057 million yuan, an increase of 24.9506 million yuan year-on-year. The company's asset-liability ratio was 49.83%, gross margin was 2.86%, ROE was 0.07%, and diluted earnings per share was 0.00 yuan. Total asset turnover was 1.52 times, and inventory turnover was 95.40 times. The number of shareholders was 25,300, and the top ten shareholders held 41.64% of the total share capital.

Simei Media disclosed its earnings forecast, expecting net profit attributable to the parent company of 0.8 million yuan to 1.2 million yuan for the first half of 2026, compared to a loss of 11.4024 million yuan in the same period last year, achieving a turnaround from loss to profit. The company said the turnaround was mainly due to optimization of its advertising and marketing business layout, expansion of operating scale, and growth in operating revenue. However, its wholly-owned subsidiary Sichuan Bafang Tengtai Technology paid back taxes and late fees of 9.4993 million yuan, which was recorded in current profit and loss, significantly offsetting net profit. In terms of non-recurring net profit, the company expects a loss of 1.8 million yuan to 3.6 million yuan, compared to a loss of 12.2468 million yuan in the same period last year. Basic earnings per share are expected to be between 0.0015 yuan and 0.0022 yuan.