*ST Qibu released its 2026 interim report, showing a first-half net loss that widened to 42.71 million yuan, compared with a loss of 37.14 million yuan in the same period last year. Operating revenue was 604 million yuan, up 603.6 percent year on year. Net loss attributable to the parent after deducting non-recurring items was 48.94 million yuan, narrowing from a loss of 60.99 million yuan a year earlier. Net operating cash flow was negative 45.9 million yuan, down 71.1 percent year on year. In the second quarter, operating revenue was 345 million yuan, up 1,368.9 percent year on year, while net loss attributable to the parent was 13.51 million yuan, narrowing from a loss of 35.16 million yuan in the same period last year. As of the end of the second quarter, total assets stood at 824 million yuan, down 4.3 percent from the end of the previous year. Net assets attributable to the parent were 42.45 million yuan, down 50.2 percent from the end of the previous year. The company said its business operations have not undergone major changes and remain focused on children's clothing and footwear as well as aluminum processing. In the aluminum processing segment, the company acquired an 80 percent stake in Foshan Pengchang Enterprise Management Company Limited through a gratuitous transfer, forming a dual-core business structure.
Qibu Co LtdFirst-half net loss widened to 42.71 million yuan and net assets fell 50.2%, with negative operating cash flow.
Qibu acquired an 80% stake in Foshan Pengchang via gratuitous transfer, forming a dual-core structure; impact on Pengchang itself is unclear.
