Lianmei Holdings released its 2026 interim report on August 28. During the reporting period, the company achieved operating revenue of 1.735 billion yuan, down 8.59% year on year. Net profit attributable to the parent company was 334 million yuan, down 36.40% year on year. Non-GAAP net profit was 401 million yuan, down 19.71% year on year. The company operates two core businesses: clean heating and high-speed rail digital media. The clean heating segment generated revenue of approximately 1.507 billion yuan, while the high-speed rail digital media segment, Zhaoxun Media, generated revenue of 217 million yuan. The decline in profit was mainly dragged down by a net loss of 28.5 million yuan at subsidiary Zhaoxun Media and a loss of 86.59 million yuan from changes in the fair value of financial assets. The company proactively reduced interest-bearing debt, with short-term borrowings down 51.27% from the end of the previous year to 745 million yuan, and finance costs turned into a net gain. Looking ahead, the clean heating business is expected to benefit from green and low-carbon transition policies, but the company still faces risks such as raw material price fluctuations and reduced advertising spending by advertisers.
Mega-info Media Co.Ltd.Subsidiary Zhaoxun Media (high-speed rail digital media) posted revenue of 217 million yuan and a net loss of 28.5 million yuan, dragging down group profit.
Luenmei Quantum Co LtdLianmei Holdings' 2026 interim report shows revenue down 8.59% and net profit down 36.40% year on year, with the clean heating segment revenue at about 1.507 billion yuan.
