Hualian Co. announced that its controlling shareholder, Hualian Group, has pledged 200 million shares, representing 25.92% of its holdings and 7.31% of the company's total share capital. As of the announcement date, Hualian Group has cumulatively pledged 500 million shares, accounting for 64.80% of its holdings and 18.27% of the company's total share capital. In the first quarter of 2026, Hualian Co. reported revenue of 279 million yuan and a net loss attributable to the parent company of 37.49 million yuan.
Beijing Hualian Department Store Co LtdControlling shareholder pledges 200 million more shares, cumulative pledge exceeds 60% of its stake, signaling financial strain and potential dilution risk.