Shanghai Sanmao released its 2026 interim report, showing a doubling of total profit for the period, while operating cash flow fell sharply by 97.42% year on year. The company achieved operating revenue of 667 million yuan, up 0.51% year on year; net profit attributable to the parent was 12.88 million yuan, up 13.55%; and non-recurring net profit was 7.09 million yuan, up 59.57%. The security services segment became the core engine of performance growth, with revenue of 172 million yuan, up 22.05% year on year, thanks to winning rail transit security inspection projects and expanding the existing market. Revenue from park property leasing was 17.5 million yuan, up 8.36% year on year, with an occupancy rate maintained at 98.18%. Total profit rose 105.15% year on year, mainly due to higher gross profit from security and leasing businesses, as well as non-recurring income of about 4.83 million yuan from consolidating the former joint venture Shanghai Biochip Gene Technology Company into the scope of consolidation. The sharp drop in cash flow was caused by reduced export tax rebate funds, indicating increased working capital pressure.
Shanghai Sanmao Enterprise Group Co Ltd AInterim report shows profit doubling and revenue growth, though cash flow plunges.
