Beijing Watertek Information Technology Co Ltd

Xuanji Information released its 2026 interim report, with net profit attributable to the parent company at negative 141 million yuan, widening the loss by 2.84 million yuan compared with the same period last year. Total operating revenue was 610 million yuan, down 41.93 percent year on year. Net cash outflow from operating activities was 77.09 million yuan, the asset-liability ratio rose to 49.41 percent, gross margin was 21.84 percent, and return on equity was negative 5.96 percent.

Xuanji Information announced that 55.18 million shares held by controlling shareholder and actual controller Chen Jiangtao will be subject to judicial auction, accounting for 3.19% of the company's total share capital. The auction will be executed by the Yibin Intermediate People's Court in Sichuan Province, scheduled from 10:00 on August 20, 2026 to 10:00 on August 21, 2026. The reason for the auction is that Chen Jiangtao has large overdue debts and is involved in litigation, but the company stated that it will not lead to a change in actual controller. As of the announcement date, Chen Jiangtao and his concert parties hold a total of 151 million shares, representing 8.73% of the company's total share capital, of which 58.18 million shares are pledged, 89.44 million shares are under judicial freeze, and 676 million shares are under pending judicial freeze. In the first quarter of 2026, Xuanji Information achieved revenue of 263 million yuan, with a net loss attributable to the parent company of 30.47 million yuan.