Shanghai Shibei Hi-Tech Co Ltd A

Shibei Hi-Tech released its 2026 interim report, with net profit attributable to the parent company at minus 71.1151 million yuan, an increase of 71.2404 million yuan compared with the same period last year, narrowing the loss year-on-year. The company's total operating revenue was 1.31 billion yuan, an increase of 708 million yuan compared with the same period last year, up 117.67 percent year-on-year, achieving growth for two consecutive years. Net cash inflow from operating activities was 380 million yuan, an increase of 460 million yuan compared with the same period last year. The company's latest asset-liability ratio was 61.27 percent, gross margin was 20.08 percent, return on equity was minus 1.18 percent, and diluted earnings per share was minus 0.04 yuan.

Shibei Hi-Tech disclosed a performance forecast, expecting a net loss attributable to the parent of 60 million to 90 million yuan in the first half of 2026, compared with a loss of 142 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 40 million to 75 million yuan, compared with a loss of 154 million yuan a year earlier. The company stated that in terms of main business, revenue from the sale of industrial properties has been fully recognized in the first half, but the amortization cost of industrial properties in the Jing'an International Science and Innovation Community increased year-on-year. In terms of non-operating items, investment income and gains from changes in fair value fell sharply year-on-year. Based on the latest closing price, the company's price-to-book ratio is about 1.33 times, and its price-to-sales ratio is about 8.27 times.