Chengdu B-ray Media Co Ltd

B-Ray Media released its 2026 interim report. Total operating revenue was 262 million yuan, up 21.20% year on year, marking a third consecutive year of growth. However, net profit attributable to the parent company was a loss of 55.7474 million yuan, swinging from profit to loss year on year, a decline of 818.19%. Net cash flow from operating activities was a negative 74.9017 million yuan, an improvement of 80.5701 million yuan compared with the same period last year. The company's asset-liability ratio was 20.46%, gross margin was 23.73%, return on equity was negative 1.90%, and diluted earnings per share was negative 0.05 yuan. The number of shareholders was 55,200, and the top ten shareholders held 41.64% of the total share capital.

B-Ray Media announced that Chen Changzhi, general manager and director of its holding subsidiary Sichuan Shengxue Education Technology Co., Ltd., has been placed under investigation and detention by the relevant supervisory authorities. Apart from his roles as general manager and director of Shengxue Education, Chen holds no other positions at B-Ray Media. The company has designated relevant personnel to oversee Shengxue Education's operations and stated that the matter will not affect the company's normal operations. B-Ray Media holds a 60 percent stake in Shengxue Education, while Chen Changzhi holds 25.04 percent. Shengxue Education is a key vehicle for the company's smart education business. Earlier, the company issued a profit warning, estimating a net loss attributable to the parent company of 45 million to 65 million yuan for the first half of 2026.