HuaWang Technology released its 2026 interim report on August 26. Revenue and profit both declined during the reporting period, but operating cash flow improved significantly, and the company announced a substantial cash dividend plan. The financial report shows the company achieved operating revenue of 1.457 billion yuan, down 10.42% year-on-year; net profit attributable to the parent company was 131 million yuan, down 15.66% year-on-year; and non-GAAP net profit was 111 million yuan, down 27.67% year-on-year. Net cash flow from operating activities was 145 million yuan, up 31.82% year-on-year. The company plans to distribute a cash dividend of 2.00 yuan per 10 shares before tax to all shareholders, totaling 111 million yuan, accounting for 84.78% of the first-half net profit attributable to the parent company. The decline in performance was mainly affected by weak downstream demand for home furnishing consumption, increased exchange losses due to currency fluctuations, and reduced government subsidies. Through cost reduction and efficiency improvement, the company's operating costs fell more than revenue, easing profit pressure. Looking ahead, the decorative base paper industry is characterized by optimizing existing capacity and improving the quality of new capacity. With its green manufacturing advantages and global footprint, the company is expected to benefit from increasing industry concentration.
Hangzhou Huawang New Material Technology Co.Ltd.Revenue and profit declined in the interim report, though cash flow improved and a dividend was announced.
