Blue Silver Equipment released its 2026 interim report on August 27, with both revenue and profit falling during the reporting period and a significant expansion in net operating cash outflow. The company achieved operating revenue of 535 million yuan, down 8.71 percent year on year; net profit attributable to the parent company was negative 20 million yuan, with the loss widening 23.17 percent year on year; non-GAAP net profit was negative 12 million yuan, with the loss narrowing 27.14 percent. Net cash flow from operating activities was negative 43 million yuan, with the net outflow expanding 61.46 percent year on year. Core subsidiaries faced pressure in overseas business, and non-recurring losses dragged down performance. Industrial cleaning systems and surface treatment business is the core revenue source, with revenue of 518 million yuan, accounting for more than 90 percent of total revenue and a gross margin of 28.07 percent, but revenue in this segment fell 9.19 percent year on year. The intelligent equipment manufacturing business is relatively small and failed to offset the decline in the cleaning business. The company's R&D investment was cut sharply by 38.34 percent to 13 million yuan, which may affect long-term competitiveness. Non-operating expenses included a subsidy return reserve of about 11.89 million yuan and other non-recurring losses, which intensified the loss.
Shenyang Blue Silver Ind AutoRevenue declined, net loss widened, and operating cash outflow expanded in interim report.