ST Maiquer released its 2026 interim report, with results swinging sharply into the red. Net profit attributable to the parent company was negative 47 million yuan, a reversal from profit a year earlier. Operating revenue was 241 million yuan, down 18.24 percent year on year. The company's core business contracted. Bakery product revenue was 140 million yuan, accounting for 58.19 percent of total revenue and down 9.53 percent year on year. Dairy product revenue was 74 million yuan, accounting for 30.91 percent and down 16.60 percent. In addition, the company recorded a loss of about 6.97 million yuan on disposal of productive biological assets, and total non-recurring gains and losses were negative 9.3669 million yuan, deepening the loss. All shares held by the controlling shareholder have been frozen, and the company faces liquidity and litigation risks.
Maiquer Group Co LtdSwung to a 47 million yuan net loss with revenue down 18.24% and asset-disposal losses deepening the deficit.
