Shandong Meichen Science & Technology Co Ltd

ST Meichen released its 2026 interim report, with total operating revenue of 963 million yuan, up 11.59% year on year, and net profit attributable to the parent company of negative 34.7684 million yuan, narrowing the loss by 56.6003 million yuan compared with the same period last year, achieving four consecutive years of improvement. Net cash inflow from operating activities was 148 million yuan, up 509.81% year on year. The company's asset-liability ratio was 96.83%, gross margin was 13.09%, ROE was negative 175.50%, and diluted earnings per share was negative 0.02 yuan. The number of shareholders was 32,300, and the top ten shareholders held 33.08% of total share capital.

ST Meichen's wholly-owned subsidiary, Shandong Meichen Industrial Group, has secured a project designation for fluid delivery system products from a leading domestic automobile brand. The project spans six years, with an estimated sales value of approximately 104 million yuan. The company stated that this designation is a recognition of its product development and supply qualifications, which will help increase market share and brand awareness. However, it is not expected to have a significant impact on this year's operating performance, though it will have a positive effect on future operating results. At the same time, the company cautioned that the designation notice does not constitute a final order or sales contract. The actual supply timing, pricing, and quantities are subject to uncertainty, and the project may not be implemented on schedule or in full due to industry policy adjustments or changes in the market environment.