Renxin New Material Co. Ltd. A

Renxin New Materials disclosed its 2026 semi-annual report on August 27. In the first half, total operating revenue reached 1.158 billion yuan, up 4.28% year on year, but net profit attributable to the parent company showed a loss of 107 million yuan, compared with a profit of 24.1949 million yuan in the same period last year. Net profit after deducting non-recurring items showed a loss of 109 million yuan, compared with a profit of 23.1737 million yuan a year earlier. Net cash flow from operating activities was negative 277 million yuan, compared with negative 67.5487 million yuan in the prior-year period. The company is a national high-tech enterprise engaged in the research, development, production and sales of polystyrene polymer new materials. As of the end of the first half, the company's inventory book value was 271 million yuan, accounting for 18.87% of net assets, an increase of 170 million yuan from the end of last year. Inventory write-down provisions amounted to 36.0522 million yuan, representing a provision ratio of 11.72%.

Renxin New Materials released its 2026 interim report, showing the company swung from profit to loss, with net profit attributable to the parent company at negative 107 million yuan, a decrease of 131 million yuan from the same period last year, down 540.91 percent year on year. Total operating revenue was 1.158 billion yuan, and net cash flow from operating activities was negative 277 million yuan, a decrease of 210 million yuan from the same period last year. The company's asset-liability ratio was 37.08 percent, up 7.32 percentage points from the previous quarter and up 14.36 percentage points from the same period last year. Gross margin was negative 4.67 percent, down 7.86 percentage points from the same period last year. Return on equity was negative 7.41 percent, down 8.99 percentage points from the same period last year. Diluted earnings per share was negative 0.45 yuan, a decrease of 0.55 yuan from the same period last year, down 543.92 percent year on year. Total asset turnover was 0.54 times and inventory turnover was 6.51 times, both lower than the same period last year. The company had 9,825 shareholders, and the top ten shareholders held 143 million shares, accounting for 58.83 percent of total share capital.