Xinjiang Torch Gas Co Ltd

Xinjiang Torch released its 2026 interim report on August 22, 2026. Total operating revenue was 786 million yuan, and net profit attributable to the parent company was 105 million yuan. Net cash flow from operating activities was negative 9.7495 million yuan, a decrease of 104 million yuan compared with the same period last year, down 110.29 percent year on year. The company's latest asset-liability ratio was 29.90 percent, up 1.86 percentage points from the previous quarter. The latest gross margin was 25.47 percent, and the latest return on equity was 6.53 percent, down 0.49 percentage points from the same period last year. Diluted earnings per share were 0.74 yuan. The latest total asset turnover was 0.30 times, down 8.03 percent year on year, and the latest inventory turnover was 7.02 times, down 6.48 percent year on year. The company had 15,800 shareholders, and the top ten shareholders held 70.9186 million shares, accounting for 50.12 percent of total share capital.

Xinjiang Torch announced that Chairman Kang Qingshan has resigned for work-related reasons. After stepping down, he will continue to serve as a director of the holding subsidiary Hengke Xin Shenzhen Intelligent Technology Company. The board of directors has elected Zhang Hongxing as the new chairman and chairman of the board's strategy committee, with a term lasting until the end of the fourth board's tenure.