China Communications Development turns to profit in 2026 interim report with net profit of 18.32 million yuan

Earnings
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China Communications Development released its 2026 interim report, with net profit attributable to the parent company of 18.32 million yuan, an increase of 1.198 billion yuan compared with the same period last year, turning losses into profits. The company's total operating revenue was 777 million yuan, down 94.13% year-on-year, and net cash outflow from operating activities was 125 million yuan. The latest asset-liability ratio was 49.72%, gross margin was 17.15%, and diluted earnings per share was 0.02 yuan.

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Company turned to profit with net profit of 18.32 million yuan, a significant improvement from prior year loss.