Shengtai Group released its 2026 half-year report. First-half net profit attributable to the parent was 160 million yuan, up 413.5% year on year. Operating revenue was 1.8 billion yuan, up 0.6% year on year. Net profit attributable to the parent excluding non-recurring items was 11.1 million yuan, down 59.9% year on year. Net operating cash flow was 265 million yuan, down 40.3% year on year. In the second quarter, net profit attributable to the parent was a loss of 5.15 million yuan, down 147.5% year on year. The company is mainly engaged in the cultivation of cotton and flax, spinning, production and sales of textile fabrics and garments. During the reporting period, it completed construction of a 125,900-spindle smart spinning project and put it into production, and plans to acquire equity in a Vietnamese flax textile company.
Zhejiang Sunrise Garment Group Co LtdFirst-half net profit up 413.5% year on year, though excluding non-recurring items it fell 59.9% and Q2 was a loss.
