*ST Lianxiang released its 2026 interim report on August 27, with both revenue and profit declining during the period and net profit swinging from profit to loss. The company achieved operating revenue of 49.0192 million yuan, down 34.11% year on year; net profit attributable to the parent was negative 11.4728 million yuan, swinging from profit to loss year on year; and non-GAAP net profit was negative 14.8894 million yuan, a sharp year-on-year decline. Net cash flow from operating activities was negative 16.2677 million yuan, with the net outflow widening. The company mainly engages in seamless wall coverings, curtains, and decoration and renovation services, of which revenue from wall coverings, curtains, and related products was 37.4903 million yuan, and revenue from renovation services was 5.7952 million yuan. The decline in performance was mainly affected by the downturn in the real estate industry and the settlement pace of renovation projects, while selling expenses rose 39.66% year on year. The company has laid out new businesses in household energy storage and upstream textile materials, but these have yet to contribute substantial revenue. Given that net profit for 2025 was negative, the company's shares have been subject to a delisting risk warning. If its 2026 financial data continue to trigger mandatory delisting conditions, it will face the risk of termination of listing.
Zhejiang Lianxiang Smart HomeNet profit swung to a loss, revenue declined, and cash flow worsened, with new businesses not yet contributing revenue.
