Sanrenxing released its 2026 semi-annual report. Net profit attributable to shareholders of the listed company in the first half was 78.8628 million yuan, down 45.31% year on year, mainly because the fair value change gain on its equity investment in China Resources Beverage was negative 73.8527 million yuan. This factor was non-recurring; after excluding it, non-GAAP net profit rose 1.29% year on year. The company's first-half operating revenue was 1.981 billion yuan, up 19.55% year on year, while net cash flow from operating activities was 31.9137 million yuan, down 94.39% year on year, mainly because customer payments were larger in the prior year and bank acceptance bill margin payments increased this year. The company flagged risks of high customer concentration and a potential decline in overall gross margin.
Three's Company Media Group Co LtdNet profit fell 45.31% due to unrealized loss on China Resources Beverage investment, though non-GAAP profit rose 1.29%.
