Huayang New Materials released its 2026 interim report. Total operating revenue was 241 million yuan, up 60.43% year-on-year, but net profit attributable to the parent was only 2.3726 million yuan, a sharp year-on-year decline of 97.11%. Net cash flow from operating activities was negative 78.9919 million yuan, a year-on-year decrease of 43.2135 million yuan. The company's asset-liability ratio rose to 93.31%, up 8.28 percentage points year-on-year. Gross margin was 11.51%, up 10.97 percentage points year-on-year, achieving three consecutive years of growth. ROE was 4.05%, down 53.13 percentage points year-on-year. Diluted earnings per share were 0.00 yuan, down 97.12% year-on-year.
Shanxi Huayang New Material Co LtdNet profit down 97.11% year-on-year despite revenue growth, with negative operating cash flow and high leverage.