Heilongjiang Transport Development Co Ltd

Longjiang Transport released its 2026 interim report. Total operating revenue was 290 million yuan, down 6.87% year on year. Net profit attributable to the parent company was 107 million yuan, down 8.36% year on year. Net cash inflow from operating activities was 14.91 million yuan, an increase of 237 million yuan compared with the same period last year. The company's asset-liability ratio was 10.16%, gross margin was 44.19%, return on equity was 2.33%, and diluted earnings per share was 0.08 yuan. The number of shareholders was 40,600, and the top ten shareholders held 57.88% of the total share capital.

Longjiang Transport released its 2026 interim report on August 27. The company relies on expressway operations as its core business and is deepening its strategic layout of one main business with two supporting wings. However, affected by reduced sales of remaining real estate inventory and adjustments to its taxi business, both revenue and profit declined during the reporting period. Operating revenue reached 290 million yuan, down 6.87 percent year on year. Net profit attributable to the parent company was 107 million yuan, down 8.36 percent. Net profit after deducting non-recurring items was 109 million yuan, down 9.56 percent. Net cash flow from operating activities turned sharply positive to 14.91 million yuan, compared with a net outflow of 223 million yuan in the same period last year. The debt-to-asset ratio at the end of the period fell to 10.16 percent, and monetary funds increased to 999 million yuan, showing notable deleveraging results. The company's businesses cover expressway toll collection, taxi operations, bulk commodity trading, real estate development, and clean energy and graphite new materials segments. Among them, Xintong Real Estate recorded a year-on-year revenue decline of 19.67 million yuan because it sold villas in the same period last year but had no such high-priced products in the current period, making it the main factor dragging down overall revenue. Revenue from photovoltaic power generation settlement increased by 3.26 million yuan, and power generation volume reached 123.27 percent of the plan. The company faces risks including the expiration of the operating rights for the Harbin-Daqing Expressway in 2029, difficulties in contracting out taxis, and uncertainty in returns from new industrial investments.