HengFeng Information Technology Co Ltd

Hengfeng Information released its 2026 interim report on August 27. First-half operating revenue was 118 million yuan, down 56.2% year on year, while net profit attributable to the parent company showed a loss of 38.25 million yuan, a year-on-year decline of 1,654.4%. Second-quarter revenue was 44.44 million yuan, down 77.2% year on year, with a net loss attributable to the parent company of 24.46 million yuan. As of the end of the second quarter, total assets stood at 1.263 billion yuan, down 6.2% from the end of the previous year, and net assets attributable to the parent company were 435 million yuan, down 8.1%. The company attributed the loss to fewer project acceptances, higher amortization of intangible assets transferred from investment projects, and an increase in credit and asset impairment provisions.