Quzhou Development, stock code 600208, disclosed its 2026 semi-annual report on August 31. In the first half, it achieved total operating revenue of 385 million yuan, down 45.65 percent year on year. Net profit attributable to the parent company was 169 million yuan, down 34.90 percent year on year. Net profit after deducting non-recurring items was 811 million yuan, up 28.65 percent year on year. Net cash flow from operating activities was negative 544 million yuan, compared with 194 million yuan in the same period last year. During the reporting period, basic earnings per share were 0.02 yuan, and the weighted average return on equity was 0.41 percent. As of August 28, 2026, 46.15 percent of the company's shares were pledged. Among them, the largest shareholder, Quzhou Zhibao Enterprise Management Partnership, pledged 1.568 billion shares, accounting for 97.23 percent of its holdings. The second-largest shareholder, Huang Wei, pledged 1.447 billion shares, accounting for 99.8 percent of its holdings. The fourth-largest shareholder, Zhejiang Xinhu Group, pledged 504 million shares, accounting for 100 percent of its holdings.
Xinhu Zhongbao Co LtdH1 2026 revenue fell 45.65% and net profit attributable to parent dropped 34.90% year on year.
Zhejiang Xinhu Group, the fourth-largest shareholder, pledged 100% of its 504 million shares, signaling financial strain.
