New Hongze released its 2026 interim report, achieving operating revenue of 235 million yuan, up 17.15% year on year, while net profit attributable to the parent company was 25.04 million yuan, down 20.43% year on year, showing higher revenue but lower profit. The core cigarette packaging business recorded revenue of 234 million yuan, accounting for 99.60% of total revenue, with a gross margin of 23.88%, down 5.56 percentage points year on year. Revenue in East China and Northwest China surged by 176.68% and 502.48% respectively, while revenue in Southwest China fell by 42.54%. The profit decline was mainly due to operating costs rising 26.55% year on year, selling expenses increasing 36.38%, and research and development spending growing 10.75%. Net cash flow from operating activities was 47.77 million yuan, up 21.93% year on year.
Guangdong New Grand Long Packing Co LtdNet profit down 20.43% despite revenue growth, with margins compressed.
