ST Mogao narrows first-half loss to 28.57 million yuan

Earnings
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ST Mogao released its 2026 interim report, with first-half operating revenue of 176 million yuan, up 45.8 percent year on year, and a net loss attributable to the parent of 28.57 million yuan, narrower than the loss of 31.86 million yuan in the same period last year. Second-quarter revenue was 74.2 million yuan, up 25.1 percent year on year, while the net loss attributable to the parent was 19.6 million yuan, down from a loss of 21.85 million yuan a year earlier. By business segment, the wine division posted revenue of 24.44 million yuan, up 148.71 percent year on year; the degradable materials division posted revenue of 9.82 million yuan, down 67.45 percent; the film and bag division posted revenue of 127 million yuan, up 127.92 percent; and the pharmaceuticals division posted revenue of 8.98 million yuan, down 41.52 percent. As of the end of the second quarter, the company had total assets of 1 billion yuan and net assets attributable to the parent of 674 million yuan.

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