Shanghai Hugong Elec(Group)

Shanghai Hugong released its 2026 interim report on August 25, 2026. Total operating revenue was 465 million yuan, and net profit attributable to the parent company was 6.96 million yuan. Net cash flow from operating activities was negative 36.02 million yuan, a year-on-year decline of 217.40%. The company's latest asset-liability ratio was 24.72%, gross margin was 18.00%, return on equity was 0.42%, and diluted earnings per share was 0.02 yuan.

Shanghai Hugong announced that the 17th meeting of the fifth board of directors approved the proposal to deregister the wholly-owned sub-subsidiary Nanchang Chenghang Industrial Co., Ltd., and authorized management to handle the relevant deregistration procedures. The company stated that deregistering Nanchang Chenghang will facilitate centralized resource allocation and unified management, will not have a material impact on the consolidated financial statements, and will not harm the interests of the company or shareholders.