Guangdong Huafeng New Energy Technology Co Ltd

Huafeng Shares released its 2026 interim report, with net profit attributable to the parent company at negative 20.8981 million yuan, a loss expansion of 13.5016 million yuan compared with the same period last year. The company's total operating revenue was 582 million yuan, down 0.69% year-on-year. Net cash inflow from operating activities was 23.9965 million yuan, down 29.32% year-on-year. The asset-liability ratio was 43.98%, gross margin was 10.46%, ROE was negative 1.88%, and diluted earnings per share was negative 0.10 yuan.

Huafeng Shares released its 2026 interim report. Operating revenue was 582 million yuan, down 0.7 percent year on year. Net profit attributable to the parent swung from a loss of 7.4 million yuan a year earlier to a loss of 20.9 million yuan, with the loss widening further. Net profit attributable to the parent after deducting non-recurring items swung from a loss of 11.19 million yuan a year earlier to a loss of 20.09 million yuan, also a wider loss. Net operating cash flow was 24 million yuan, down 29.3 percent year on year. In the second quarter, operating revenue was 333 million yuan, up 10.4 percent year on year. Net profit attributable to the parent swung from a loss of 4.33 million yuan a year earlier to a loss of 5.01 million yuan, with the loss widening further. Net profit attributable to the parent after deducting non-recurring items narrowed from a loss of 5.09 million yuan a year earlier to a loss of 2.94 million yuan. Control of the company changed on April 10, 2026, with Chen Yun becoming the controlling shareholder, and the board was re-elected, with some directors and senior executives adjusted. The main reason for the loss was a decline in gross margin at the new energy business unit, where product mix adjustments led to simultaneous declines in operating revenue and gross profit.