Haitian Shares released its 2026 interim report on August 26. Driven by its dual-core business of environmental protection plus new energy and new materials, and benefiting from the consolidation of its photovoltaic conductive paste business, the company's revenue doubled during the reporting period, but net profit attributable to the parent company fell significantly, showing a pattern of rising revenue without rising profit. The financial report shows that during the reporting period, the company achieved operating revenue of 2.887 billion yuan, up 189.14 percent year on year; net profit attributable to the parent company was 33.8268 million yuan, down 44.90 percent year on year; and non-GAAP net profit was 30.4042 million yuan, down 38.78 percent year on year. Net cash flow from operating activities was negative 401 million yuan, mainly because the new energy materials business made large advance payments for silver powder procurement. The new energy and new materials segment has become the largest source of revenue, contributing 2.112 billion yuan in revenue, accounting for 73.17 percent of total revenue, up 628.59 percent year on year, but the segment's net profit was negative 33.411 million yuan, affected by high silver prices, adjustments to export tax rebate policies, and increased research and development investment. In the environmental protection segment, net profit from wastewater treatment rose 10.85 percent year on year to 109 million yuan, net profit from solid waste rose 27.47 percent year on year to 15 million yuan, and net profit from water supply fell 61.93 percent year on year to 18 million yuan.
Haitian Water Group Co.Ltd2026 interim report shows net profit attributable to parent fell 44.90% year on year despite revenue doubling, with negative operating cash flow of 401 million yuan.
