Shandong Meichen Technology Group Co., Ltd., listed as ST Meichen, released its 2026 semi-annual report on the evening of August 28. During the reporting period, the company achieved operating revenue of 963 million yuan, up 11.59% year on year, while net loss narrowed to 34.77 million yuan, a 61.95% improvement from the same period last year, signaling a clear recovery trend. Among its businesses, the non-tire rubber segment, which has been the company's core operation for more than two decades, recorded operating revenue of 960 million yuan, up 14.28% year on year, with both operating quality and economies of scale improving. The company is accelerating the divestment of its Sai Shi landscape assets, and a preliminary plan has been formed for related intercompany balances, aiming to cut off the source of losses and concentrate resources on the non-tire rubber core business. Once the divestment is fully completed, Meichen Technology will achieve a thorough focus on its core business and enter a new stage of high-quality development.
Shandong Meichen Science & Technology Co LtdNarrowed first-half loss by 61.95% and revenue up 11.59%, showing recovery and focus on core business.
