Mega P&C released its 2026 interim report. Affected by a decline in container coatings business and front-loaded expenses for new businesses, both revenue and profit fell, but the new energy segment has surpassed marine equipment to become the main profit pillar. During the reporting period, the company achieved operating revenue of 834 million yuan, down 6.04 percent year on year. Net profit attributable to the parent company was 37.86 million yuan, down 65.61 percent year on year. Non-GAAP net profit was 30.17 million yuan, down 68.27 percent year on year. New energy segment sales revenue was 337 million yuan, up 20.22 percent year on year, with its revenue share rising to 40.41 percent and gross profit contribution reaching as high as 70.29 percent. The company plans to distribute a cash dividend of 3.20 yuan per 10 shares, including tax, to all shareholders, totaling approximately 34.15 million yuan, accounting for 90.21 percent of current net profit attributable to the parent company. Second quarter revenue and net profit rose 32.43 percent and 176.05 percent quarter on quarter respectively, indicating that short-term negative factors are being absorbed.
MEGA P&C Advanced Materials (Shanghai) Company LimitedRevenue and profit declined due to container coatings and new business expenses, though new energy segment grew.