*ST Fucheng's 2026 interim report shows revenue growth but profit decline, subsidiary's legal case drags performance

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โดย 蓝鲸财经·CN·Read original
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Lan鲸 News reported on August 27 that *ST Fucheng released its 2026 interim report. The company relies on a dual-engine model of food processing and funeral services, but due to rising costs and a legal case involving a subsidiary, the reporting period showed revenue growth without profit growth. During the reporting period, operating revenue was 569 million yuan, up 6.88% year-on-year; net profit attributable to the parent was 18.19 million yuan, down 48.87% year-on-year; non-GAAP net profit was 12.80 million yuan, down sharply by 66.28% year-on-year; net cash flow from operating activities was negative 23.80 million yuan, shifting from net inflow to net outflow. The decline in performance mainly stemmed from operating costs growing at 15.51%, far exceeding revenue growth, and the controlling subsidiary Hunan Shaoshan Tiandefudi Cemetery Co., Ltd. being involved in an illegal absorption of public deposits case, which led to losses at the subsidiary, asset freezes, and provisions for estimated liabilities. The company faces delisting risk; if it continues to trigger mandatory delisting conditions in 2026, its listing will be terminated.

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Fortune Ng Fung Food Hebei Co Ltd
600965
▼ NegativeCapitalrelevance

Interim report shows net profit down 48.87% and non-GAAP profit down 66.28% as operating costs rose 15.51%, with delisting risk flagged.

Off-coverage companies 1

湖南韶山天德福地陵园有限责任公司Private▼ Negative
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The subsidiary is involved in an illegal absorption of public deposits case, causing losses, asset freezes, and provisions for estimated liabilities.

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