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Hongrida first-half net loss widens to 45.15 million yuan
Hongrida released its 2026 interim report, showing a net loss attributable to the parent of 45.15 million yuan, widening from a loss of 7.14 million yuan in the same period last year. First-half operating revenue was 430 million yuan, down 1.7 percent year on year; the non-GAAP net loss attributable to the parent was 47.62 million yuan, compared with a loss of 12.14 million yuan a year earlier. Second-quarter operating revenue was 179 million yuan, down 35.2 percent year on year, and the net loss attributable to the parent was 27.84 million yuan, down 653.6 percent year on year. The company said that because it increased investment in commercializing products in new areas, management expenses and selling expenses grew relatively fast year on year, weighing on profitability.