Shanghai Ganglian E Commerce

Shanghai Ganglian released its 2026 interim report. The company's total operating revenue was 38.521 billion yuan, and net profit attributable to the parent company was 125 million yuan. Net cash flow from operating activities was negative 310 million yuan, a decrease of 640 million yuan compared with the same period last year, down 194.01 percent year on year. The company's latest asset-liability ratio was 86.99 percent, up 2.31 percentage points from the previous quarter and up 5.07 percentage points from the same period last year. The latest gross margin was 1.38 percent, down 0.05 percentage points from the same period last year. The latest return on equity was 5.43 percent, down 0.20 percentage points from the same period last year. Diluted earnings per share were 0.33 yuan. The latest total asset turnover was 1.18 times, down 18.13 percent from the same period last year. The latest inventory turnover was 12.62 times, down 27.42 percent from the same period last year. The number of shareholders was 30,700. The top ten shareholders held 145 million shares, accounting for 37.80 percent of total share capital.