EGing Photovoltaic Technology Co Ltd

ST Yijing announced its 2026 interim report on August 26. The company's pre-reorganization plan has been approved by both the creditors' meeting and the contributors' meeting, marking phased progress in resolving debt risks, though performance remained under pressure during the reporting period. The financial report shows that first-half operating revenue was 339 million yuan, down 71.27 percent year on year. Net loss attributable to the parent company was 132 million yuan, narrowing from a loss of 153 million yuan in the same period last year. Net loss after deducting non-recurring items was 133 million yuan. Net cash flow from operating activities was 71.86 million yuan, up 151.04 percent year on year, mainly due to a reduction in cash paid to and for employees. As of the end of the reporting period, net assets attributable to shareholders of the listed company were negative 212 million yuan, and the asset-liability structure still faces considerable pressure. The company said that, affected by the cyclical downturn in the photovoltaic industry, a sharp decline in module sales led to a contraction in revenue, but operating cash flow achieved positive growth through optimized business strategies. Whether the company can overcome its difficulties in the future hinges on the formal acceptance and execution of the reorganization process, as well as the commercialization results of new production capacity and technology.