Henan Ancai Hi-tech Co Ltd

Ancai Hi-Tech has released its 2026 interim report. Total operating revenue was 1.077 billion yuan, down 38.17 percent year on year. Net profit attributable to the parent company was a loss of 328 million yuan, widening the loss by 112 million yuan compared with the same period last year. Net cash flow from operating activities was a negative 231 million yuan, a year-on-year decrease of 61.7672 million yuan. The company's asset-liability ratio rose to 70.11 percent, gross margin was negative 14.57 percent, return on equity was negative 19.30 percent, and diluted earnings per share was negative 0.30 yuan. The number of shareholders was 42,300, and the top ten shareholders held 61.75 percent of total share capital.

Ancai Hi-Tech expects a net loss attributable to shareholders of 280 million to 330 million yuan in the first half of 2026, compared with a loss of 215 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 283 million to 333 million yuan, compared with a loss of 225 million yuan a year earlier. The company said the photovoltaic glass industry remains in a trough, with product prices at historical lows, leading to a year-on-year decline in the gross margin of its photovoltaic glass business. At the same time, based on the principle of prudence, it has made provisions for impairment of inventories showing signs of impairment. The company's main businesses include photovoltaic glass, float glass, pharmaceutical glass, and natural gas.