Huafeng Shares released its 2026 interim report. Operating revenue was 582 million yuan, down 0.7 percent year on year. Net profit attributable to the parent swung from a loss of 7.4 million yuan a year earlier to a loss of 20.9 million yuan, with the loss widening further. Net profit attributable to the parent after deducting non-recurring items swung from a loss of 11.19 million yuan a year earlier to a loss of 20.09 million yuan, also a wider loss. Net operating cash flow was 24 million yuan, down 29.3 percent year on year. In the second quarter, operating revenue was 333 million yuan, up 10.4 percent year on year. Net profit attributable to the parent swung from a loss of 4.33 million yuan a year earlier to a loss of 5.01 million yuan, with the loss widening further. Net profit attributable to the parent after deducting non-recurring items narrowed from a loss of 5.09 million yuan a year earlier to a loss of 2.94 million yuan. Control of the company changed on April 10, 2026, with Chen Yun becoming the controlling shareholder, and the board was re-elected, with some directors and senior executives adjusted. The main reason for the loss was a decline in gross margin at the new energy business unit, where product mix adjustments led to simultaneous declines in operating revenue and gross profit.
Guangdong Huafeng New Energy Technology Co LtdFirst-half net loss widened to 20.9 million yuan from 7.4 million yuan loss a year earlier, with revenue down 0.7%.
