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Jiuzhou Group's 2026 interim report shows revenue and profit declines, while operating cash flow surges 510%
Jiuzhou Group released its 2026 interim report, showing declines in both revenue and profit, but a significant improvement in operating cash flow. During the reporting period, the company achieved operating revenue of 613 million yuan, down 10.58% year on year. Net profit attributable to the parent company was 23.35 million yuan, down 45.47% year on year. Net profit after deducting non-recurring items was 21.02 million yuan, down 51.23% year on year. Net cash flow from operating activities was 167 million yuan, a sharp year-on-year increase of 510.15%, mainly due to the receipt of national subsidy accounts receivable and a reduction in procurement expenditures. The decline in profit was mainly due to a year-on-year decrease of 18.32 million yuan in investment income, an increase in credit impairment loss provisions, and a 24.06% year-on-year increase in selling expenses. The digital energy segment achieved revenue of 496 million yuan, accounting for more than 80% of total revenue, with a gross margin of 35.52%, up 5.00 percentage points year on year. The smart distribution network business achieved revenue of 101 million yuan, down 27.31% year on year. The company's asset-liability ratio was 62.15%, and its cash balance fell 65.79% from the beginning of the period.