Liuzhou Liangmianzhen Co Ltd

LMZ released its 2026 interim report. During the reporting period, total operating revenue was 474 million yuan, and net profit attributable to the parent company was a loss of 4.6812 million yuan, an improvement of 403,000 yuan compared with the same period last year, narrowing the loss. Net cash flow from operating activities was a negative 21.9289 million yuan. The asset-liability ratio was 19.45%, ranking third among disclosed peer companies, down 0.28 percentage points from the same period last year. Gross margin was 16.24%, return on equity was negative 0.22%, up 0.02 percentage points year-on-year, and diluted earnings per share was negative 0.01 yuan. Total asset turnover was 0.18 times, inventory turnover was 1.65 times, the number of shareholders was 36,600, and the top ten shareholders held 41.03% of total share capital.

Liuzhou Liangmianzhen Co., Ltd. released its 2026 half-year performance forecast, estimating a net loss attributable to shareholders of the listed company of 3 million to 7 million yuan for the first half, with a net loss after deducting non-recurring items of 4.5 million to 8.5 million yuan. In the same period last year, the company reported a net loss attributable to shareholders of 5.0842 million yuan, while the net profit after deducting non-recurring items was a profit of 4.8113 million yuan. The shift from profit to loss in the core net profit figure indicates a material decline in the profitability of its main business. The company explained that intense competition in the domestic daily chemical industry led to a year-on-year decline in operating revenue and a drop in overall product gross margin, while interest income and investment returns also shrank significantly. The combination of these factors resulted in the loss. In addition, the company already posted a loss of 38.277 million yuan in the first quarter, setting the stage for the overall weak performance in the first half. On the same day, a supplementary announcement regarding the controlling shareholder's share transfer agreement was disclosed, signaling new progress in the change of control, which may bring fresh resources and development ideas to the company's traditional daily chemical business.