Shanghai Huayi Group Corp Ltd A

Huayi Group released its 2026 interim report on August 25, 2026. Net profit attributable to the parent company was 490 million yuan, up 0.55% from the same period last year, marking a third consecutive year of growth. Total operating revenue was 24.624 billion yuan, up 1.79% year-on-year. Net cash inflow from operating activities was 6.151 billion yuan, a sharp year-on-year increase of 505.10%. The latest asset-liability ratio was 57.06%, down 1.37 percentage points from the same period last year. Gross margin was 9.41%, up 1.59 percentage points year-on-year. Diluted earnings per share were 0.23 yuan. The number of shareholders was 54,300, and the top ten shareholders together held 62.36% of total share capital.

Huayi Group has officially announced an asset swap plan, using its 100% stake in Shanghai Energy Chemical valued at 4.74 billion yuan in exchange for a 51% stake in Guangxi Energy Chemical held by its controlling shareholder Shanghai Huayi, valued at 4.621 billion yuan. The 119 million yuan difference will be paid in cash by Shanghai Huayi. Guangxi Energy Chemical achieved a net profit of 570 million yuan in 2025, while the divested Shanghai Energy Chemical posted a simulated net loss of 307 million yuan in 2025 due to the permanent shutdown of its Wujing production base. The transaction aims to fulfill the controlling shareholder's 2017 commitment to inject the Guangxi Energy Chemical stake into the listed company and resolve horizontal competition issues, with plans to acquire the remaining 49% stake in Guangxi Energy Chemical at an appropriate time. The proposal still requires approval from the company's shareholders' meeting.