Huaci Holdings released its 2026 interim report, with operating revenue of 576 million yuan, down 20.77% year on year, and net profit attributable to the parent of 103 million yuan, down 14.18%. Non-GAAP net profit was 76 million yuan, down 31.42%, and net cash flow from operating activities was 88 million yuan, down 43.50%. Colored glaze ceramics revenue was 521 million yuan, accounting for over 90% of total revenue and down 24.81% year on year, while revenue from new ceramic materials such as zirconia powder jumped 75.82% year on year. The decline in performance was mainly affected by EU anti-dumping measures, the cancellation of export tax rebates, RMB appreciation, and pre-operating expenses for the Vietnam project. Investment income of 34.91 million yuan came from the remeasurement of the previously held 20% stake in Jiangxi Jinhuan and is not sustainable. The company's total assets were 3.213 billion yuan, up 42.32% from the end of last year, and the Vietnam ASEAN Ceramic Valley project is expected to start production in the third quarter.
Hunan Hualian China Industry Co. Ltd.EU anti-dumping measures and cancellation of export tax rebates hurt revenue and profit.
