Shanghai Trendzone Decor Grp

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Quanzhu Co. narrows H1 2026 net loss by 66.2398 million yuan year on year

Quanzhu Co. disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 521 million yuan, up 15.65 percent year on year. Net loss attributable to the parent company was 3.2509 million yuan, compared with a loss of 69.4907 million yuan in the same period last year, narrowing the loss by 66.2398 million yuan. Net loss after deducting non-recurring items was 4.2929 million yuan, compared with a loss of 51.4446 million yuan a year earlier. Net cash flow from operating activities was negative 49.3256 million yuan, compared with negative 42.6116 million yuan in the prior-year period. During the reporting period, basic earnings per share were negative 0.002 yuan, and the weighted average return on equity was negative 0.43 percent, up 6.66 percentage points year on year. The company's main businesses include design, construction, supply chain services, smart buildings, and overseas and innovation segments.

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Quanzhu Shares Signs New Contracts Worth 649 Million Yuan in Q2 2026

Quanzhu Shares announced that the cumulative value of new contracts signed in the second quarter of 2026 reached 649 million yuan. As of the end of June, the cumulative value of signed but uncompleted contracts stood at 2.316 billion yuan. Among the new contracts, design contracts accounted for 21.09358 million yuan, construction contracts for 510 million yuan, overseas contracts for 94.4613 million yuan, and other contracts for 23.2612 million yuan. The value of new contracts in progress mainly came from construction and overseas contracts, totaling 68.9879 million yuan. The company expects a net loss of 2.6 million to 5 million yuan in the first half of 2026, a significant reduction from the loss of 69.4907 million yuan in the same period last year.

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Tianchen Shares' 248 million yuan property revenue draws regulatory inquiry; Fullshare Holdings' 16 million yuan full-cash home purchase authenticity under scrutiny

Tianchen Shares disclosed in its reply to a Shanghai Stock Exchange regulatory inquiry that it signed property sales contracts and delivered 18 homes last year, with online contract-signing amounts reaching 270 million yuan. Of this, real estate sales revenue for 2025 was 248 million yuan, mainly from the Tianchen Health City East 1A phase project developed by its wholly-owned subsidiary Tianchen Health. Fullshare Holdings was one of Tianchen Shares' property clients last year, purchasing one home for 16.0488 million yuan in full cash, with the online contract signed on June 19, 2025, and delivery on July 1, 2025. Fullshare Holdings has seen persistently sluggish performance in recent years, posting losses of 110 million yuan in 2024 and 290 million yuan in 2025. Its workforce shrank from 2,162 at end-2021 to 546 at end-2025, and as of the end of the first half of last year, its cash balance was only 70.453 million yuan. Its full-cash home purchase has drawn attention. A Fullshare Holdings representative responded that the company generally does not actively buy properties, and many are obtained through debt settlement, with specifics requiring further verification. The company's periodic reports also disclose debt-settled property assets, with a book balance of 15.102 million yuan for such properties in 2025. Tianchen Shares has had a single revenue stream in recent years. The 1A Tianchen Hui project sold 11, 12, and 11 bare-shell units in 2022, 2023, and 2024 respectively, with corresponding property sales revenues of 231 million yuan, 283 million yuan, and 162 million yuan. Regulators have questioned the authenticity of its real estate sales business and the commercial substance of revenue recognition for consecutive years.

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