*ST Huaxing released its 2026 interim report. First-half operating revenue was 1.66 billion yuan, down 42.9% year on year. Net loss attributable to the parent was 4.69 billion yuan, narrowing from a loss of 6.83 billion yuan in the same period last year. Net loss attributable to the parent after deducting non-recurring items was 3.71 billion yuan, compared with a loss of 7.71 billion yuan a year earlier. Net operating cash flow was negative 951 million yuan, an improvement of 70.4% year on year. Second-quarter revenue was 804 million yuan, down 53.4% year on year, with a net loss attributable to the parent of 2.99 billion yuan, versus a loss of 4.13 billion yuan a year earlier. As of the end of the second quarter, total assets stood at 252.434 billion yuan, down 1.2% from the end of the previous year, while net assets attributable to the parent were negative 21.773 billion yuan, compared with negative 17.743 billion yuan at the end of the previous year. The company said that during the reporting period it made home delivery its top priority, completing delivery of all residential projects, with three apartment projects still pending delivery. On the business side, 18 new enterprises entered its parks, and newly signed investment amounted to 11.535 billion yuan.
China Fortune Land Development Co LtdNet assets deeply negative and widening, revenue down sharply, though loss narrowed.
