Liaoning Shenhua Holdings Co Ltd600653
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Narrowed net loss and return to profit in Q2, with improved gross margin in auto sales.
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Liaoning Shenhua Holdings Co LtdShenhua Holdings released its 2026 interim report on August 26. First-half operating revenue was 1.40 billion yuan, down 24.3 percent year on year, while net profit attributable to the parent narrowed from a loss of 59.31 million yuan in the same period last year to a loss of 18.58 million yuan. The company returned to profit in the second quarter, with net profit attributable to the parent of 3.67 million yuan, compared with a loss of 47.36 million yuan a year earlier. As of the end of the second quarter, total assets were 2.607 billion yuan, down 7.9 percent from the end of the previous year. During the reporting period, the automobile sales and services business sold 3,662 BMW-brand vehicles through subsidiary Shenhua Chenbao, with net profit of about 10.43 million yuan and gross margin up 8.43 percentage points year on year. The property leasing and management business is centred on Shenhua Financial Tower. The company said that amid weakening consumer demand and intensifying market competition, it kept core operations stable and effectively resolved legacy risks by adjusting sales strategies and improving customer experience.
Liaoning Shenhua Holdings Co LtdNarrowed net loss and return to profit in Q2, with improved gross margin in auto sales.