Daming City released its 2026 interim report on August 27. First-half operating revenue was 760 million yuan, down 52.2% year-on-year. Net profit attributable to the parent was 10.01 million yuan, down 70.0% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 1.56 million yuan, down 95.3% year-on-year. Net operating cash flow was 56.42 million yuan, down 63.0% year-on-year. Earnings per share were 0.0043 yuan. Second-quarter operating revenue was 398 million yuan, down 56.5% year-on-year, and net profit attributable to the parent was 5.33 million yuan, down 81.9% year-on-year. As of the end of the second quarter, the company's total assets were 15.803 billion yuan, down 3.6% from the end of the previous year. Net assets attributable to the parent were 10.286 billion yuan, up 0.1% from the end of the previous year. The company said its traditional real estate business is operating steadily, focusing on core regions and setting inventory reduction and cash flow protection as core goals. At the same time, the company is advancing strategic transformation and building a new business system centered on future communications and an integrated space-air-ground industrial ecosystem. During the reporting period, it completed a strategic investment in a 20.45% stake in Baicells for a total of 724 million yuan. However, the project has not been included in the scope of consolidated financial statements and has no material impact on the company's financial position or operating results for the time being. The computing power services business is still in its early stages and has a relatively small impact on overall revenue and profit.
Greattown Holdings Ltd ADaming City's H1 net profit attributable to parent fell 70% YoY to 10.01 million yuan, with revenue down 52.2%.
Daming City completed a 724 million yuan strategic investment for a 20.45% stake in Baicells, but it is not consolidated and has no material impact for now.
