ST Meichen released its 2026 interim report, showing first-half operating revenue of 963 million yuan, up 11.6% year on year, while net loss attributable to the parent narrowed to 34.77 million yuan from a loss of 91.37 million yuan in the same period last year. Second-quarter revenue was 482 million yuan, up 5.2% year on year, with a net loss attributable to the parent of 24.77 million yuan. As of the end of the second quarter, the company's total assets stood at 4.234 billion yuan, down 6.2% from the end of the previous year, while net assets attributable to the parent were 19.81 million yuan, down 63.7%. The company's main businesses include non-tire rubber and landscaping. During the reporting period, non-tire rubber revenue was 960 million yuan, up 14.28% year on year, while the landscaping business continued to lose money due to intensifying industry competition and slower-than-expected payment collection. The company plans to divest this business to focus on its core operations.
Shandong Meichen Science & Technology Co LtdH1 revenue rose 11.6% and net loss narrowed to 34.77 million yuan from 91.37 million yuan a year earlier.
