Dazhong Public Utilities released its 2026 interim report. First-half net profit attributable to the parent was 250 million yuan, down 25.1% year on year. Operating revenue was 3.57 billion yuan, up 4.1% year on year. Net profit attributable to the parent after deducting non-recurring items was 245 million yuan, down 7.5% year on year. Net operating cash flow was 412 million yuan, down 45.9% year on year. Earnings per share were 0.0845 yuan. In the second quarter, operating revenue was 1.49 billion yuan, up 10.1% year on year, and net profit attributable to the parent was 199 million yuan, up 43.1% year on year. As of the end of the second quarter, total assets were 23.735 billion yuan, up 2.0% from the end of the previous year, and net assets attributable to the parent were 8.911 billion yuan, up 0.3% from the end of the previous year. The company said its main business has not undergone major changes and remains centered on public utilities and financial venture capital, but the market environment in the gas energy and environmental logistics industries is complex, and policy and demand changes have had a certain impact on operations. The decline in net operating cash flow was mainly due to a decrease in net cash flow from natural gas sales and purchases at subsidiary Shanghai Dazhong Gas, while an increase in sewage treatment fees and sludge disposal fees at subsidiary Dazhong Jiading had a positive impact.
Shanghai DaZhong Public Utilities Group Co LtdFirst-half net profit attributable to parent fell 25.1% year on year to 250 million yuan, with net operating cash flow down 45.9%.
Increased sewage treatment fees and sludge disposal fees at subsidiary Dazhong Jiading had a positive impact on operations.
