Jilin Yatai Group Co Ltd

Yatai Group released its 2026 interim report. During the reporting period, the company's total operating revenue was 2.406 billion yuan, and net profit attributable to the parent company was negative 481 million yuan, an improvement of 342 million yuan compared with the same period last year, marking a second consecutive year of narrowing losses. Net cash inflow from operating activities was 59.6753 million yuan, an increase of 60.3639 million yuan year-on-year. The company's asset-liability ratio was as high as 99.90%, gross margin was 26.59%, return on equity was negative 455.22%, and diluted earnings per share was negative 0.15 yuan. The number of shareholders was 114,400, and the top ten shareholders held a combined 1.316 billion shares, accounting for 40.73% of total share capital.

Yatai Group disclosed its earnings forecast, expecting a net loss attributable to the parent company of 500 million yuan in the first half of 2026, compared to a loss of 823 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 540 million yuan, compared to a loss of 841 million yuan a year earlier. The company stated that the persistently sluggish building materials market, rising raw coal purchase prices, and intense industry competition led to a year-on-year decline in both prices and sales volumes of building materials products, resulting in continued losses in the building materials sector. Meanwhile, the deep adjustment in the real estate industry and insufficient market demand caused both sales volumes and prices of commercial housing to fall, narrowing profit margins, while rigid operating costs continued to be incurred, leading to losses in the real estate business. The company currently has an industrial structure centered on building materials, real estate, and pharmaceuticals, with involvement in cultural tourism and financial investments.