ST Huaming released its 2026 half-year report. Operating revenue was 243 million yuan, down 20.9% year on year. Net profit attributable to the parent swung from a loss of 11.98 million yuan in the same period last year to a loss of 44.86 million yuan, with the loss widening further. Net profit attributable to the parent after deducting non-recurring items swung from a loss of 8.05 million yuan last year to a loss of 49.02 million yuan. Net operating cash flow was negative 122 million yuan, down 324.3% year on year. Second-quarter operating revenue was 97.86 million yuan, down 48.4% year on year, with a net loss attributable to the parent of 27 million yuan. The company said thermal management segment revenue fell 42% from the same period last year, mainly affected by negative factors at Zhejiang Guochuang, and that Zhejiang Guochuang has entered liquidation proceedings, so the impact on the company's future thermal management business performance cannot yet be determined.
Shanghai Huaming Intelligent Terminal Equipment Co LtdLoss widened to 44.86 million yuan, revenue fell 20.9%, and cash flow turned sharply negative.
