Mega-info Media Co.Ltd.

Lianmei Holdings released its 2026 interim report on August 28. During the reporting period, the company achieved operating revenue of 1.735 billion yuan, down 8.59% year on year. Net profit attributable to the parent company was 334 million yuan, down 36.40% year on year. Non-GAAP net profit was 401 million yuan, down 19.71% year on year. The company operates two core businesses: clean heating and high-speed rail digital media. The clean heating segment generated revenue of approximately 1.507 billion yuan, while the high-speed rail digital media segment, Zhaoxun Media, generated revenue of 217 million yuan. The decline in profit was mainly dragged down by a net loss of 28.5 million yuan at subsidiary Zhaoxun Media and a loss of 86.59 million yuan from changes in the fair value of financial assets. The company proactively reduced interest-bearing debt, with short-term borrowings down 51.27% from the end of the previous year to 745 million yuan, and finance costs turned into a net gain. Looking ahead, the clean heating business is expected to benefit from green and low-carbon transition policies, but the company still faces risks such as raw material price fluctuations and reduced advertising spending by advertisers.

Zhaoxun Media released its 2026 interim report, showing the company swung from profit to loss, with net profit attributable to the parent company at negative 28.4989 million yuan, a decline of 233.26% compared with the same period last year. Total operating revenue was 217 million yuan, down 25.93% year on year. Net cash inflow from operating activities was 344 million yuan, the asset-liability ratio was 24.00%, and gross margin was 5.11%, a decrease of 21.67 percentage points from the same period last year. Diluted earnings per share was negative 0.07 yuan, down 235.48% year on year.