Modern Investment's 2026 Half-Year Report: Revenue Up, Profit Down, Trade Revenue Surges

Earnings
โดย 蓝鲸财经·CN·Read original
Summary · why it matters

Modern Investment released its 2026 interim report on August 27. During the reporting period, it achieved operating revenue of 3.81 billion yuan, up 30.76 percent year on year, but net profit attributable to the parent company was 234 million yuan, down 23.56 percent year on year, showing a pattern of rising revenue without rising profit. The revenue growth mainly came from the bulk commodity trading business, which generated 2.129 billion yuan, accounting for 55.88 percent of the total and surging 78.48 percent year on year, but its gross margin was only 11.01 percent, making a limited contribution to profit. The profit decline was mainly due to the expiry of toll collection on the Changyong Expressway, as well as a provision of approximately 46.16 million yuan in estimated liabilities by its wholly owned subsidiary Modern Environment for the Da'an project. Although financial subsidiaries such as Dayou Futures saw performance growth, it was still difficult to offset the gap in the core business. The company faces pressure to sustain revenue after the Changyong Expressway ceases operations, as well as challenges such as intensifying competition in the environmental protection industry.

Impact on stocks 1

Others▲ · 1 stocks
Xiandai Investment Co Ltd
000900
± MixedCapitalrelevance

Revenue rose 30.76% but net profit fell 23.56% on expressway toll expiry and a 46.16M yuan provision, a mixed earnings result.

Off-coverage companies 2

现代环境Private▼ Negative
Capitalrelevance

Wholly owned subsidiary Modern Environment booked ~46.16M yuan in estimated liabilities for the Da'an project, weighing on profit.

大有期货Private▲ Positive
Capitalrelevance

Dayou Futures saw performance growth, though it was insufficient to offset the core business gap.

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