ST Xilv released its 2026 interim report, showing mounting operating pressure and broadly weaker core financial metrics. Revenue for the first half came to 204 million yuan, down 6.51 percent year on year. Net loss attributable to shareholders was 58.48 million yuan, widening 4.44 percent. Net loss after deducting non-recurring items was 66.23 million yuan, widening 18.40 percent. The debt-to-asset ratio climbed to 109.10 percent, leaving shareholders' equity negative and the company insolvent. Its shares have been under delisting risk warning since April 27, 2026. The company made a bad debt provision of 47.04 million yuan for prepayments to Sichuan Youse New Material Technology Company Limited. A lawsuit involving its subsidiary Diebu County Zhagana Kangyang Real Estate Company Limited has been ruled, requiring payment of 45.71 million yuan in construction fees, and enforcement proceedings have begun. The board resolved not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the first half of 2026.
XiAn Tourism Co LtdST Xilv reported wider losses, negative equity, and insolvency, with delisting risk warning.
