Hongda Co., Ltd. disclosed its 2026 semi-annual report on August 29. In the first half, it achieved total operating revenue of RMB 1.733 billion, down 4.31% year-on-year. Net loss attributable to the parent company was RMB 25.1017 million, compared with a loss of RMB 74.9946 million in the same period last year, narrowing the loss by RMB 49.8929 million year-on-year. Net loss after deducting non-recurring items was RMB 30.0648 million, compared with a loss of RMB 77.0441 million in the same period last year. Net cash flow from operating activities was negative RMB 257 million, compared with negative RMB 6.3423 million in the same period last year. Basic loss per share was RMB 0.0095, and the weighted average return on net assets was negative 0.80%.
HongdaNet loss narrowed but revenue declined and operating cash flow worsened significantly.
